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Forum: Hi, I am... 09-07-2020, 07:39 AM
Replies: 11
Views: 1,717
Posted By workmyfingerstothebone
First, congrats on retirement planning. ...

First, congrats on retirement planning.


Now onto the financials.
If you will make 55K/year then to reach your "realistic spending of 93K" a year, you need another 38k (that's taxable so...
Forum: FIRE and Money 09-03-2020, 10:11 AM
Replies: 29
Views: 1,639
Posted By workmyfingerstothebone
I think most of America, 95% (and the world for...

I think most of America, 95% (and the world for that matter), cannot handle a major medical bill in the hundreds of thousands of dollars.



For example, a nursing home for 2 years @ 60K/year.
Forum: FIRE and Money 09-03-2020, 07:52 AM
Replies: 29
Views: 1,639
Posted By workmyfingerstothebone
I retired a few years ago but the wife has a few...

I retired a few years ago but the wife has a few more years to go (5).
Initially I planned out the expenses and income for retirement.


However, since she is getting closer to retirement, I...
Forum: Life after FIRE 08-08-2020, 08:00 AM
Replies: 27
Views: 1,208
Posted By workmyfingerstothebone
I have some electric helis and planes as well as...

I have some electric helis and planes as well as do ship model building.

I find I spend more time on the ship model building as it's not dependent on weather, available space, flying...
Forum: Other topics 03-07-2020, 09:15 AM
Replies: 13
Views: 572
Posted By workmyfingerstothebone
Are you good at construction? Tearing it...

Are you good at construction?


Tearing it out is not that hard. Though my tub was the 3 piece wrap around set so no tile to bust out. Cut some drywall, removed some nails, sawz all the tub and...
Forum: Hi, I am... 11-20-2019, 08:55 AM
Replies: 24
Views: 2,932
Posted By workmyfingerstothebone
Similar circumstance as yours, age 57 and ready...

Similar circumstance as yours, age 57 and ready to give notice.
Emailed boss that I needed to meet for about 15 minutes.
Boss emailed back that would not be possible as they were out of town at a...
Forum: FIRE and Money 11-17-2019, 07:50 PM
Replies: 44
Views: 5,550
Posted By workmyfingerstothebone
We expect pensions, ss, rental income to cover...

We expect pensions, ss, rental income to cover all our expenses in retirement.
Our allocation is typically around 70/30.
This year we rebalanced to something like 55/25/30.

But, our long term...
Forum: Health and Early Retirement 11-09-2019, 08:52 AM
Replies: 100
Views: 5,743
Posted By workmyfingerstothebone
I bought eye glasses two years ago. I think...

I bought eye glasses two years ago.

I think my prescription was around 2.5 for both eyes.
Got transition lens, titanium frames, scratch resistance, etc...
I also asked for some extra nose...
Forum: FIRE and Money 10-16-2019, 08:25 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
I like this order of qualifying tenants. ...

I like this order of qualifying tenants.

Will use it the next time I need it.

Thanks :)
Forum: FIRE and Money 10-13-2019, 09:27 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
40% to 50% of the time would have been fine with...

40% to 50% of the time would have been fine with us.
Forum: FIRE and Money 10-13-2019, 08:30 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Yes, I have set a precedence on accepting late...

Yes, I have set a precedence on accepting late payments.

After some legal discussion, the path forward will be to give the tenants proper notice that this is no longer acceptable.

Met with...
Forum: FIRE and Money 10-10-2019, 07:43 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
@Senator Wow, those are some tough...

@Senator


Wow, those are some tough decisions you made.
It is an unfortunate part of the job.


Being a LL, I understand where you are coming from.
Our tenants were almost 30 days late with...
Forum: FIRE and Money 10-08-2019, 09:17 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Yes, lots of advice. I'll have a better...

Yes, lots of advice.

I'll have a better feel for this after discussing with attorney.

No charge for initial consultation.
Forum: FIRE and Money 10-08-2019, 07:46 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
For a m2m rental is a 60 day notice to vacate the...

For a m2m rental is a 60 day notice to vacate the same as a non-renewal for a lease?
The 3 day notice to pay to quit was just to have rent paid. No eviction if they paid on the 1st.

The 60 day...
Forum: FIRE and Money 10-08-2019, 07:35 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
I would like to state that I don't mind being a...

I would like to state that I don't mind being a landlord.
In fact I will try to get more rentals in the future.
This is my first one and having little issues up till now does not scare me off. ...
Forum: FIRE and Money 10-08-2019, 07:25 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
I'm not a lawyer but this doesn't sound correct,...

I'm not a lawyer but this doesn't sound correct, legally.
Meeting with one today so I'll ask him the question.
Forum: FIRE and Money 10-07-2019, 11:25 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
@ducky911 So in a year or two i’ll Be back...

@ducky911

So in a year or two i’ll Be back here because of failure to pay rent verses late rent.
Tenants will still prolong the eviction and could still cost me 10k easy.
Furthermore, no telling...
Forum: FIRE and Money 10-07-2019, 10:07 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Checking into an attorney but don't know if i ask...

Checking into an attorney but don't know if i ask the right questions.


1. Cost (obviously)
2. What should I expect for the service?
3. am i missing anything else?


Clearly I'm a newbie at...
Forum: FIRE and Money 10-07-2019, 07:16 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
@Stargazer08 MrLandlord.com was interesting and...

@Stargazer08
MrLandlord.com was interesting and helpful, thanks for the input.
Forum: FIRE and Money 10-07-2019, 07:15 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
@NgineER , STARsky Your points might be an...

@NgineER , STARsky

Your points might be an alternative if I run up against Cali anti-LL laws.



I'll have a better understanding once I get legal advice.
Forum: FIRE and Money 10-06-2019, 06:52 PM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Thanks for the advice. This is a M2M rental....

Thanks for the advice.

This is a M2M rental.
Many reasons for late payments; job loss, illness; family issues; work slow down, car problems .... don’t get paid till after the “ date “ , and...
Forum: FIRE and Money 10-06-2019, 04:09 PM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Agree with getting attorney. I’ll be looking...

Agree with getting attorney.
I’ll be looking for one tomorrow!
Their 60 day ends near end of year, by law I have to give 60 day notice of rent increase.
Seems like throwing gas on a fire.
I feel...
Forum: FIRE and Money 10-06-2019, 11:29 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
Wow, I didn't expect such a one sided stance on...

Wow, I didn't expect such a one sided stance on this.

I thought there would be more push back to keep the tenants on.
So, the plan is to stick to the 60 day notice understanding full well it...
Forum: FIRE and Money 10-06-2019, 08:44 AM
Replies: 153
Views: 9,915
Posted By workmyfingerstothebone
landlord seeking help

Been a landlord of a SFH for 10 years, same tenant since I started.

Renters are continually late on the rent, probably 7 out of the last 12 months.

They do pay but sometimes it's at the end...
Forum: Life after FIRE 07-14-2019, 11:47 AM
Replies: 2,435
Views: 226,836
Posted By workmyfingerstothebone
Thanks everyone for all the great advice.

Thanks everyone for all the great advice.
Showing results 1 to 25 of 86
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