LA RSO Tenant Buyouts?

[Patrick Godfrey]

Hey Landlords!

I recently bought a triplex to househack in Los Angeles. The tenants I inherited have been a nuisance. They have more people living in the property than stated, and a pet which isn’t on the month to month lease. They keep parking on the premises despite no parking privileges in the lease. I’ve spoken to a lawyer and they let me know that because of the moratorium there’s nothing I can do about them. I’ve already approached them once about relocating but the conversation didn’t go very well. Besides the nuisance they’re paying well below market rent and I’d like to get this building cash flowing as soon as possible. Does anyone in Los Angeles have a good  recommendation for someone to negotiate cash for keys in situations like these? 

Thank You!

[Greg M.]

Yep, can't evict for nuisance, pets, or extra people living in the units until the end of the year unless it is repealed (😂) or extended (👍). 

Everything I'm reading is stating that cash for keys is getting WAY more expensive here. There are tenant organizations telling tenants they can get them $50,000 - $100,000 and even that may not be enough! Given that cost, it might be better to wait until the moratorium is over.

FYI, nothing says you can't have their illegally parked cars towed. Send notice that all illegally parked cars will be towed eff 2/1/22 and have the signs put up on the property. Start towing February 1st! Want to park on the property, no problem, here is a parking lease at $400/month.