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All Forum Posts by: Alan Bosca

Alan Bosca has started 16 posts and replied 35 times.

Quote from @Tim Miller:

Yes, it's stated in out lease and our rules. Rent payment must be received in our bank account on the first of the month. This means you will need to schedule your payment 2 or 3 business days before the 1st.

We also charge late fees depending on when the fund are deposited to the bank account and clearly stated it in the lease.

We used Cozy until they were acquired by Apartments.com and the delay in payments was the main reason for us leaving. We currently use Innago and payments take about 3 business days.

Thx

Hi -

Almost all the online rent payment options, including the popular Apartments.com have 5-6 day delays on funds hitting your bank account. 

Does anyone require payment to initiate several days before the 1st of the month in order to make sure it hits on the 1st?  Assume zelle, ACH, etc aren't options for the tenant.

Thanks -

Quote from @Carlos Sotelo:

I believe it is AB 1482. It has some exceptions, such as cities that have their own Rent Control measures.


Great thx a lot.  Seems to be that.
Thx for the input - do you have a current reference on the 5% + inflation for CA?
Lol - thx.  Yes, just trying to see if there is any % people like to bump up existing tenants.
Not rent control - but thx.  Any other general market data resource?
Is there any good resource on a fair rent increase for beach properties in the Santa Monica area?  Any input into how best to determine that appreciated. 
Originally posted by @Nathan Gesner:

Dear Tenant,

I paid for the property to be tested and the results show the home is safe. If you feel the home is causing you health problems, I recommend you move to another rental where you can feel safer. I will hold you accountable for rent until a replacement renter is found. At that point, I will refund the remainder of your deposit and terminate your lease.

I wish you the best in your future endeavors.

Landlord 

Thx for the advice, Nathan.  The funny thing is that the results showed that there is more mold outside on average days than inside.  Perhaps I should offer to have them sleep on the street until we fix the leak.

The other pain in the A for me is getting the Board to do the work.

Hi -

Had a leak in apt. Notified HOA as it was coming from the decks they maintain & pay for. They got some quotes to fix. Interior had water damage.

While I'm waiting on the Board to move forward, tenant contacted me complaining of mold issue - saying he wants a mold test & that he'll pay for it if negative.  Of course, there is mold everywhere, so no such thing as negative, but I have an air test done & the results come back extremely low - lower than the average outside levels for that region.

I tell him good news, safe levels, he says I'm getting sick and it doesn't matter what the test says, I want it remediated ($3k job).  Meanwhile, the Board is dragging its feet on moving forward to fix the deck and the interior damage.

So the question is how to deal with a difficult, cranky tenant and play middleman with the Board still deciding what to do. It's going on about 3 weeks now & I really need to settle the matter, but I don't want to be pushed into doing a full remediation by the tenant if not necessary and the HOA won't cover it.

As we all know, there's the legal side of what's required and practical side of how to calm a squeaky wheel.. I am getting a good rent, so I don't want to push the tenant out the door either, although that's an option.

Any input appreciated!