All Forum Posts by: Charles Kim

Hello,

I have a 3bed 1bath 4plex property(less than 4,000 sqft) in the east Oakland area and all units have recently been replaced with new tenants. I had renovation for all units before the new Tenants comes in and Total rents now are $10,500 monthly.

The neighbor sold price is a little bit low based on the SQFT. I want to know the real GRM valuation based on this cash flow. How can I calculate on east Oakland?

I'd like to enjoy the Cash Flow of this units right now, but please let me know if there is any other option.

@Minh Le,

Existing contract was expired, and they live it month to month. It seems that a new landload cannot sign a new contract with utility bill payment.
Is it possible to get a new contract after all tenants have leave?

Hey Guys, I am looking at buying a 4 plex multi-family house in SJ and wanted to get some clarity on the Utility bill in rent control units.

Land load is currently responsible for the following costs:

- Common area PG&E : $1,300/year

- Water : $1,300/year

- Garbage : $2,200/year

- Pay a tenant to push garbage trash can to street $15/weekly

Tenant pay their PG&E and Rents, all tenants are almost staying there for around 10 years.

I understand 5% max rent increase every year, but I would like to impose on tenant some utility bills to overcome below market price rent.

1. Can I have a new contract that charges tenants for utility costs such as Water and Garbage?

2. Can I terminate a tenant's month-to-month lease, if they don't want to sign the inclduing utility bill payment agreement?

Thank you for the help!!