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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 17 times.

Post: If you use a CPA or Tax Professional, how did you find him or her?

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7
Quote from @Rebecca E.:

@Katie Miller

I came here because I just had my yearly with my new accountant. I've gone through 4 different ones in the past 4 years and I've finally found a good one.

I had recommdations from people who didn't do real estate, terrible. I used one frequently discussed in BP, TERRIBLE AND EXPENSIVE. Now I found one that specializes in real estate investors that was recommended by an online mentor. This one is good.


 Hi Rebecca! I sent you a DM and would love to hear more about your experience

Post: Help! Tenant suing 4 Million for negligence

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

@Steve B. Oh it would be hilarious if it wasn't an actual lawsuit. They are suing for lose toilet, no screen on a window, non-working outlet in bathroom, pests, hall light not working (light bulb needed to be replaced) and non-functioning smoke alarm (they never replaced the batteries). The numbers are silly but living in CA with very tenant friendly courts I might still have to pay money.

@JD Martin Thanks JD. I figured as much but is good to hear someone else second that it is in the insurance's best interest so I can trust the lawyers to take care of it.

@Bettina F. All good points Bettina. I have all my documentation and I doubt they have any. I'm just making sure I havent missed anything that could trip me up. Remembering to breathe is prob best advice of all!!

Post: Anyone dealing with Code Enforcement in Rancho Cordova?

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

@Account Closed I have talked to them many times and my property manager has met them as well. Explaining things isnt the issue. It is the ridiculousness of their requests. They think it is reasonable to tell my property manager to tell tenants that they should never to leave food out on the kitchen counters.  They want to tell me to plant trees in my backyard and put in a patio. These are things that seem to have no relevance to safety or habitability and I don't know how I can push back unless I have to get legal representation

Post: Help! Tenant suing 4 Million for negligence

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

Thanks guys! The liability coverage from my insurance is primary on the case and like @JD Martin said umbrella kicks in only after the standard coverage of $300K is exhausted. My primary insurance said the lawsuit was very sloppy full of mistakes and very little facts or details. He thinks they just want to see if they can get some kind of settlement being sue happy CA. But even SF with rent control issue dont sue for such ridiculous amounts.

If I'm covered the insurance will award me legal coverage. Should I trust their legal counsel or get my own?

Post: Anyone dealing with Code Enforcement in Rancho Cordova?

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

Is anyone else having any issues dealing with Rancho Cordova's code enforcement department? They are trying to clean up the city which I appreciate but they are making non-stops citations. Some of their requests are counter to common sense. They are citing things that dont have to do with saftey or habitability. Like trying to tell me what type of landscaping to put in for my backyard. The code they cite is so vague it can include anything they want. I have a 4plex in Rancho Cordova that cash flows really well (I bought it as a good time) and I would like to keep it.

Post: Anyone dealt with Havens Law Firm in Sacramento, CA before?

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

My property manager was just served for a ridiculous negligence lawsuit by Havens Law Firm in Sacramento Ca. I am also named in the lawsuit. I did some searching online and it appears his speciality is going after landlords.

Post: Help! Tenant suing 4 Million for negligence

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

I have a tenant who is suing myself and my property manager for claims of negligence and inhabitability. She has played a clever game of never asking us directly for repairs, bringing in code enforcement to cite me and then denying me access to make the repairs despite agreed upon appointments and written notifications. The suit is pretty ridiculous for 2 Million against me and 2 million against my property manager.

I have personal umbrella policy but that only represents me. I'm assuming my property manager will have to get their own legal representation. Any advice or lessons learned on how to handle the situation to stay on the same page with my property manager. We have a good relationship and I want to stay a united front but I know when things get stressful people panic.

Post: Oakland/Berkeley Investor Casual Meet-Up

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

@Stefan Isaksen

Hey guys! @Katie Pratt and I, are hosting a meet-up TODAY 4-6pm in Oakland for any REI folks in the East Bay who want to meet new people. Check out events page or @Katie Pratt for details.

@Stefan Isaksen

@Stefan Isaksen @Calvin Kwan @Justin Nero @Ryan Scott Isacksen @Tyler Jahnke

Post: Oakland Weekend REI Meetup

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

@Chris Mason this is still going on!

@DG A. everyone is welcome! See you there!

Post: Oakland/Berkeley Investor Casual Meet-Up

Account ClosedPosted
  • Investor
  • Oakland, CA
  • Posts 18
  • Votes 7

Hey guys! @Katie P. and I, are hosting a meet-up this Sunday in Oakland for any REI folks in the East Bay who want to meet new people. Check out events page or @Katie P. for details.