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Updated over 8 years ago on . Most recent reply
Rental Property Management Groups in Oakland?
Hi Everyone,
I'm in the process of closing on a 4-plex in Oakland, CA and will be inheriting a couple of long term tenants. Only one of the tenants is on a current lease and two of the tenants are long term inhabitants. The previous owner doesn't appear to be very involved so I'm trying to understand what my next steps should be.
I'm currently reading my way through BiggerPocket's book on property management but I'm wondering if there are existing groups that meet locally to share best practices and discuss CA/Oakland Landlord-Tenant laws? I'm not interested in discussing owner move-in evictions as I know that is hot topic on this thread. I want to be respectful to my existing tenants but I do want to ensure that I protect my investment. I would love to meet with like minded people who have rental management experience in Oakland.
Thanks in advance,
Matt
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Sorry I have no help with the title question, but if you haven't already, get each and every tenant and previous landlord to sign estoppel certificates. You want to start from a very well defined and known base (original lease is useful but IMHO is not sufficient).
Also you will want a history of rents in case there is some banking available and current owner's mortgage info may be useful.