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All Forum Posts by: Alex Heredia

Alex Heredia has started 2 posts and replied 7 times.

Post: CAR Residential Lease Agreement - Need to be a Realtor

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3
Originally posted by @Account Closed:

I used the contracts and forms in the Nolo landlord book for California. Great book, includes all forms and contracts you need and it's cheap, and written by lawyers:

https://store.nolo.com/products/the-california-landlords-law-book-lbrt.html

They keep it up-to-date, too, so until they come out with a new edition, you can check online for free updates on laws, etc.

Awesome, thank you for this resource!

Post: CAR Residential Lease Agreement - Need to be a Realtor

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3

@Mark Pedroza thank you Mark! I appreciate the assistance.

Post: CAR Residential Lease Agreement - Need to be a Realtor

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3
Originally posted by @Nathan Gesner:

Yes, it's a copyrighted document. You shouldn't use contracts unless you have express permission and know how to use it.

 Thank you! 

Post: CAR Residential Lease Agreement - Need to be a Realtor

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3

Hi BP,

Quick question, Ive been told in the past that only realtors can use the California Association of Realtors Residential Lease agreement when renting out rental properties, but I have not been able to verify if that is true anywhere. Besides the name being printed on the bottom is there any reason why a non-realtor would or should not use it?

Thank you!

Alex

Post: To rent or to sell my first condo?

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3

@Aaron Flake

Thank you Aaron! I think this does make the most sense

Post: To rent or to sell my first condo?

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3

@Ashwin Samtani

@Jonathan Watt

Thank you for the perspectives gentlemen! After mulling it over I am leaning towards selling and taking advantage of a more favorable market. Cheers!

Post: To rent or to sell my first condo?

Alex HerediaPosted
  • Rental Property Investor
  • Hayward, CA
  • Posts 7
  • Votes 3

Hi everyone! Happy to say I am writing my first post.

I wanted to get other people’s ideas/opinion on the following:

I’ve recently purchased a new home and was able to keep my condo during the purchase (condo was the first property I owned) it’s a 1BR/1BA located in Hayward. Rents are going for about $1700-$2000 a month in the area, and originally I had planned to keep it as a rental. However, after having it listed for about two months now I have yet to find a qualified renter. I would need to rent it for no less than $2000 to cover all of the expenses on it.

From my point of view I feel like I can go in two directions:

1. Continue to look for a qualified renter and keep paying the note on it until I do so.

2. Sell and take the money and put it in to a property either OOS or elsewhere where it’s more viable to cash flow.

Thank in advance to everyone who responds!