All Forum Posts by: Dale Shin

Here in Los Angeles we also have rent control ordinances but they only apply to residential properties/leases.  This may be the case for your area as well if your tenant is on a commercial lease, you should read up on it to verify.  

Anyways, I've taken over management properties where rent increases were missed.  I would simply send the tenant a letter stating this oversight,  provide a calculation of the previously missed monthly rent increase and the total amount unpaid over the previous year due and state that it is due in full.  Then I would also include a calculation of the current rent increase (based on the missed rent increase) and the new monthly rent going forward.  

If the tenant complains about it, I would then give the option of paying the "missed" increase in installments over one year. 

Other than what's been commented on, I've also seen landlords pay out tenant TI in the form of an actual check back to the tenant or as a credit towards rent.  But this was issued only after improvements were completed, work verified and a lien release from the contractor.

Yes, you should check the lease.  For commercial property the net lease is typical where tenant is responsible for all maintenance as well as improvements to the space that are needed for the tenant to do business.  Since the sink is integral to a salon and this overflow not something normally needed, I would say you as tenant would be responsible to install (and pay for).  

But, it couldn't hurt to ask the landlord about it just to see what they say.  If they refuse, ask if they could pitch in towards the cost.  if they still say no, at least you tried.

You can get trustee sale info from subscription based websites like Propertyradar.com.  Or, if you can find them, certain newspapers carry the "notices of trustee sales" in the classifieds sections.   

Me and another investor are planning to check out a few after the holidays, want in?

I like what you did to the place, and I'm glad you had a second exit strategy!

Hi Andre, I might be able to hook you up with a Los Angeles-based developer who builds all over southern California.  

The leases are enforced so all tenants end up paying eventually.  If it's a balance the tenant can't pay in one shot we would allow them to pay in installments.  

During the crisis in 2008, some tenants were just barely making it and some magnanimous landlords agreed to waive any reconciled balance due.

Another source could be your state's Realtor association which should have lease forms specific to your state.  I am in California and the Realtor board has lease forms as well as supporting documents (notice to pay, etc).  You may be able to purchase direct from the board or if you know a Realtor, maybe you could swing a favor for some copies. 

Not to hijack your thread but I had responded to craigslist ad when I was looking for a place to rent that I believe was a scam.  The ad posted a place in a great neighborhood with the rent way below market rates.  the response I got from "the owner" was that she had to be on the east coast for business and was going to do everything remotely.  She said to go ahead and send me the rent and deposit without my even looking at the place and she even seeing me nor getting a completed application! It was apparent then that this was a scam. 

I went straight into management without any sales experience.  I have been doing some sales lately and as everyone says, they are completely different.  While I can see that having some sales experience will "round you out," it was not necessary for management.