Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

19
Posts
4
Votes
Daniel Higuera
  • Los Angeles, CA
4
Votes |
19
Posts

Raising Rent or paying relocation allowance San Bernardino County

Daniel Higuera
  • Los Angeles, CA
Posted

Hello BP, 

I got an offer accepted on a duplex in SB County. Both units are tenanted with way under market rent. Good bones in the property but in much need of TLC. The idea is this will be an owner occupied property so live in 1 rent the other.

This is where i need your expertise. Both tenants are long term month to month and are about 400$ under market rent. In order to get into the unit and rehab it i would have to give 60 day notice to vacate. Along with notice to vacate I've read that I must pay each tenant a relocation allowance of $16k since they have been in the unit for more than 3 years. Does any one who have experience in this confirm or clarify this? 

Also, if I vacate one unit and leave the tenant in the 2nd unit, can I raise the rent to market value without any repercussions?

Thank you all in advance!

Loading replies...