All Forum Posts by: Christie Gahan

 Marie: You are scaring me a little right now.  You don't seem to have the correct mindset.  You are not friends.  It is not your job to keep him happy. You are not planning a party together.  You are giving him legal notice that you are entering the building.  The notion that "... he will allow us to inspect our property."   This isn't some sort of meeting of the minds.  You follow the rules for your state about a note on the door or whatever is legal where you are and you do it.

Marie: I sense that you are a sweet, kind person.  Sweet and kind do not do you any good when you are dealing with the **** heads of the world.  You are dealing with a **** head right now.  

Hi Becca: I'm not in Oakland but the page I read said it did not apply to SFH. But, what about next year? And the ADU thing is weird. Why would I build an ADU if it would put my home in rent control?

Housing is expensive and it makes times really hard.  I get that.  People may not like their landlords but they need to stop for a minute and think what it would be like if there were no landlords.

This is convoluted.  They want to know what the appreciation is?  Why?  It is an unrealized gain not income.   I guess they are worried about a cashout refi?  But, that could also lower or raise profit. It also seems like the appraisal stuff is weird.  Cuz, I'm going to all the other folks that own these properties and we are gonna make a deal that nobody sells for 3 years.  Suprise!  No comps.  No way to get fair market value.  

People are fighting over the weirdest stuff.  Weird because it won't help anything.   

Lots of Multi-Family loans resetting in the next year and a lot of folks think there will be a lot of turbulence with the ability to get a new loan and refi.  Questions about what will this do to the value of the building, etc.  

How does the climate of MF intersect with the political climate of rent control?   Imagine a large apartment complex in California going into foreclosure.  What would be the next step for the rent activists?  Do we have a mass squatter's rights scenario?  They could all refuse to pay rent.  Does this make the bank/lender less likely or more likely to refi the loan?  On the one hand, no one is paying rent.  On the other hand, the lender doesn't want the property.  Who wins or loses in these scenarios?  

Ok. Thank you.

From your perspective, do renters think that these rent controls will guarantee that they will get a rent increase every year?  Or, do they believe that rents would have been raised anyway ?  

It seems to me, with these laws, that property managers / land lords, will be less likely to give anyone a break or show a kindness.  If a PM can't get rid of you or raise rents to keep up with inflation .... you had better have an amazing credit score etc    Can they look at previous evictions?   Because, if they can ... Why would a landlord be a landlord?  

 The Vacancy rate is too low for MTR.  I would use 15 - 20% minimum.  Some experts won't buy a MTR unless they can make the payment at 40% vacancy.  I'm shocked that somebody will manage a MTR for 8%.   Thats a good deal for LTR but for MTR they are going to be getting clients in 4 times a year.  Are they charging you half of the first months rent?  

I'm concerned that you have not mentioned the location.  You want to be with in 15 minutes of a large hospital to accomodate medical professionals.  

I think you are looking for the % rents can be raised under the Oakland rent control laws.  I googled it and it is 2.5% for 2023.   The wording suggests that it is limited to 60% of CPI!  I think that is terrifying.  Landlords can't match CPI ???   How the blank are they gonna keep the properties repaired?  

I think you are looking for the % rents can be raised under the Oakland rent control laws.  I googled it and it is 2.5% for 2023.   The wording suggests that it is limited to 60% of CPI!  I think that is terrifying.  Landlords can't match CPI ???   How the blank are they gonna keep the properties repaired?  

Maria Killam is awesome.  Lots of free content and she really digs in to the Why does choice A look better then choice B.   

 How does the butcher block hold up?  You aren't supposed to cut directly on it and I don't know if people refrain.  Do you have to sand and refinish them?  Are they grimey around the sink?