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All Forum Posts by: John S.

John S. has started 2 posts and replied 6 times.

Post: Possible abandoned property procedure in CA

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

Final inspection and move-out complete. All items removed, inside and out.  What a relief.

Thanks again.

John

Post: Possible abandoned property procedure in CA

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

Chad,

Sorry for the late response. 

I like that solution.  Taking it a step further, "any items left behind by tenants, may be discarded by the landlord"?

What do you think? (legal disclaimer considered)

Post: Possible abandoned property procedure in CA

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

Nathan,

Thanks for the feedback and the link to Nolo.

 I will be adding a statement to the pre-moveout inspection document to cover the removal of all the boxes/items they stored on the patio for the last 5 years.

Thanks again

John

Post: Possible abandoned property procedure in CA

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

After 5 years+ my tenants have given their 30-day Notice.  

They have had items stored outside under a patio the entire time.  I am concerned that they may leave these items behind for me to deal with.   Is there any proactive action I can take to highly discourage this abandonment or will I have to take the steps for abandoned property?  ( tenant notification, newspaper notice, and public sale ) 

What can the landlord do if  there are items left over from the sale?  

Post: Problems purchasing multiple replacements using 1031

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

Thank you Joshua.  These are new to me. I will be doing  research on this stradegy.

Post: Problems purchasing multiple replacements using 1031

John S.Posted
  • Investor
  • San Jose, CA
  • Posts 6
  • Votes 0

First post on BP.

I have a mortgage free San Francisco south bay SFH. I am thinking of using the 1031 and buying multiple replacements in out-of-state market(s). I am planning on, but not feeling real comfortable with the idea of, using a turnkey company to acquire the replacement properties. I guess I am leaning this way because of the "one stop shopping" can provide an "acceptable inventory?" and minimizes the cost/time limits of the 1031 process.

I have no experience buying properties long-distance in a specified time frame.  Are there other options that would make my 1031 a success without using a turnkey company?