All Forum Posts by: Calvin Kwan

Join the EBRHA.  They have a ton of forms.  I use them on my rental.

Hey @Arlen Chou.  I'm intrigued by the butcher block solution.  Are you getting them from Ikea?  Are you getting cut to spec, or cutting as needed during install?

Thanks!!!

If you OMI, you have to live in the unit for at least 3 years and can’t re-rent for over previous rent for 5 years after eviction. Previous tenant also has first right if you rent the unit out before 5 years at previous rent. SF is extremely strict and tenants are saavy. 100k buy-outs are definitely not uncommon and wrongful eviction lawsuits happen a lot. If tenants are protected status, you’ll have even more trouble. Don’t threaten to evict, it’s illegal. If you’re going to do it, just go through a lawyer. Good luck. I researched buying in SF, but the rent control is too crazy.

Originally posted by @Calvin Kwan:

I have 2 vacant units coming up in Oakland. I thought about turning these into corporate rentals since it’s in a great neighborhood and next to UCSF Children’s hospital. Tons of nurses and families do corporate housing in the area. 

I decided against it because I’m not ready to run a business and would just rather have long term tenants.

I think J is successful because he has a team in place to manage the properties and is willing to provide upkeep for the units. He doesn’t involve the landlords for small maintenance issues, which is exactly what a landlord wants to hear. 

That being said, if any other folks are looking for rental units to Airbnb, please shoot me a DM!  

Originally posted by @Paul Bryzek:

@Calvin Kwan Rent to me with a master, and I will run the AirBnb business for you :)

@Craig Curelop - Thanks for the contacts. I read that this strategy is already not possible in SF and Oakland is considering regulations, but have yet to do it.  From my perspective, that leaves open the entire rest of the bay area outside of SF.  May SJ is a great market as well.  

Is anyone familiar with potential legal pitfalls to this strategy and things to avoid as to not end up paying the city large amounts of fines?  This industry is so new that it is still highly unregulated which makes it very exciting to me.

I'm open to renting the units out for Airbnb use.  Shoot me  DM and we can chat.

I have 2 vacant units coming up in Oakland. I thought about turning these into corporate rentals since it’s in a great neighborhood and next to UCSF Children’s hospital. Tons of nurses and families do corporate housing in the area. 

I decided against it because I’m not ready to run a business and would just rather have long term tenants.

I think J is successful because he has a team in place to manage the properties and is willing to provide upkeep for the units. He doesn’t involve the landlords for small maintenance issues, which is exactly what a landlord wants to hear. 

Not sure you'll be able to 'starve' her out.  Based on the previous living situation, a tenant is entitled a 1-to-1 replacement of roommates.

Talk to a lawyer, they may have other strategies.  Worse case scenario, move into the building (that unit or an empty) and decontrol the Rent Control and EE doesn't apply to properties with 3 or less units.

She’s a tenant if she’s been there for longer than 30 days. Have you collected rent from her directly?  Does she have mail going to her?

Does the estoppel have any clauses that state no sublets or that you can raise rents after original tenants have moved out?

You might be stuck if she can prove she’s been there over 30 days or if she has a direct relationship with you.  By stuck, it means you may not be able to evict. 

Also, get this taken care of quickly. Oakland is looking to repeal Contra Hawkins which means rent for vacant units may become regulated. No more market rents if this gets repealed. 

Hi Everyone,

I have tenants that will be vacating a unit soon and it was advised that I get a "Release of Claims" agreement signed to protect me from future liability.  Does anyone have a sample of this document that I can repurpose?

I'd obviously need to provide some sort of incentive for them to sign, but it may be well worth it.

Thanks,
Calvin

I did. I’m a member and they weren’t able to help with the question. They referred me to an attorney, but I figure I’d ask here first since this seems like a fairly simple question.