All Forum Posts by: Courtney T.

@Dan Heuschele

Sacramento! We break ground next month and tenants are out! Any other tips in the area, please keep them coming :)

@Tim Castillo

Thanks Tim. Still here! Just getting the houses out back in my name. Man this process is long. Mr C is free and can’t be found (thanks to COVID). Hoping to work this out in 2022!

@Dan H. thank you. In response to some of the questions: yes these are long term tenants, but thanks for the 60 day notice reminder! Yes, this is a single-family home and not rent controlled. This is a long term hold for cash flow purposes so my intended value add is really in the cash flow space. 

Hi there 

I am reaching out to the group with what I *think* might be straightforward... but more input would be helpful here.

I have long term tenants that I have loved having. They are in an old craftsman I bought several years ago. Since they moved in, the area has experienced a lot of growth. Now that CA allows for one ADU per parcel, I have decided this would be an excellent opportunity to invest in. I am planning on renewing my tenants to a month-to-month lease (which is what they are on now) but am going to be taking back the driveway and the single-stall detached garage that the driveway leads to in order to create an ADU.

I know they love the yard and the garage for their plants, but it is time and I deferred this project since just prior to the pandemic. I would like to keep the tenants at the same rate (market rent is about 20% higher than what they are paying) in order to keep them through as much of the construction as they are willing to put up with. If they intend to move at any point, we could actually move in ourselves and remain as we get the ADU up and running on AIrbnb. Their yard would still be their yard - albeit a small yard. But I imagine with the construction scene that it would be really difficult to enjoy.

Question - has anyone done this? Would you do anything differently either in terms of the lease itself, or the handling of the construction team or area?

@Tanya H.any luck in Bay City over the years? Just getting started there myself..

@Tom Donnelly do you mind sharing your PM company that you used in Bay City? Thanks! 

@Nathan G. Hey Nathan. Which insurance policy covered it? The homeowner or the self tour system? Thanks

My rently box (managed by a Prorprty management company) was magically removed and we found squatters who say someone rented them the property…sure. 

@Jay Hinrichs happened to me 2 years ago. Case still up in the air. See my post :( Hang in there!

@Michael Perry It took me about 3 minutes to unfreeze my account and was a seamless process. I was able to add it back quickly after. I do feel in general that I am not getting a complete picture of my perspective tenants, and resort to a paper application for all of the details, and to have the legal stipulation that I can call employers and landlords. I used the background and credit check otherwise.