All Forum Posts by: Adam Mayberry

All depends on how the jurisdiction has allowed to interoperate the state bills @Jimmy Yu

JADU is available if you carve out no more than 500 SF of existing or proposed square foot of main house. You can also do up to 800 sf detached ADU

You can also do a detached ADU with an JADU attached ot that, but you are limited to 800 SF, but it is (2) units.

Hi @Oscar Miguel we can chat

What is 50% rule for expenses?! How do you have 50% of income go to expenses, industry standard is like 25% for smaller projects 

@Account Closed . This is true, but I think that Rent Control, is a cap on what you can raise rates, which is 5% + Cost of Living Yearly.  Its really important for existing lease holders in Class C units, who are paying WAY below market rate, so that new owners doing come in and raise their rent by 30%, less important to new rental units which should be paying market rate at first, and if you are raising rents by $200+ yearly I would guess the lost rent due to turn over would be more than the increase in rent

Its sort of unclear just when this will all take effect, especially at a local level, but sometime in 2020, all California Single Family Home Zoning (and some MultiFamily Zoning) will allow a Detached ADU (no FAR / lot coverage / min lot size restrictions) as well as an additional Junior ADU (within existing home square footage)

Furthermore, Owner-Occupancy requirements will be prohibited until 2025!

Let me know if you have any questions and keep me in the loop as you want to expand your rental home into (3) Rental Units

California, Bay Area, San Jose, San Diego, Los Angeles, Sacramento, Orange County, Oakland

Jim, we should have worked with you on this, we would have let you know WAY in advance that these fees are coming... you can see the Ordinance here:

https://www.sanjoseca.gov/DocumentCenter/View/74864

School fees for anything over 500 square feet, think its $3.40/sf, in your district

Sorry, actually I was wrong too, its 9 figures, with is 9 digits, 100,000,000 - I hope you've made 8 figures and not 7!

8 figures?

State Law Dictates you can not individually sell and ADU, but you could lease the land from someone and build the ADU yourself in their yard - you could also try a Tenant in Common agreement, but there are some negative effects with that as far as ownership goes both sides