All Forum Posts by: Dee Sivad

Following this discussion too.

I was told by local housing assn that the "fair return" is the fair market value. 

An example where this could be used is if you have not increased rent on a 1 bedroom apartment (presumably because of local rent control) and they are currently paying $500, you could petition to raise the rent to the FMV which would be (hypothetically) $1,500.

You would have to talk to the RAP board to get more details about how they determine FMV.

In Contra Costa County, CA.   There's a long story I won't go into here, but I want to set up a payment plan with an ex-tenant in lieu of going to small claims.   If anyone's done this, please respond -  how did you go about establishing the terms of your plan, and how did it work out for you?

If the ex-tenant signs a binding agreement and defaults, can I use that agreement to hire a collection agency?  (Yes, I realize they may only collect pennies on the dollar, or nothing)

Thanks.

I self-manage 4 doors,. The units I manage all pay thru Zelle, which works fine for now.

I've been reading posts here about various online rent collection companies.  Seems like there are issues with many of these companies - many of the posts are not current.   So would anyone care to share their more recent appraisals of their rent collection services?

Also, I'm hesitant to give my Social Security number to these services, for security reasons.  Do they all require that?

Azibo, Zillow, RentRedi, PayRent, Avail, Doorloop, etc.

Thanks!

My local rental housing association is offering its members free access to 'Intellirent' screening.

The prospective tenant fills out their application online & pays for the credit/background checks. 

If you've used this service, I'd appreciate any feedback about your experience with this service.    Thanks.

Quote from @Brian Garlington:

@kevin zheng    

I'm not sure of their exact formula, and whait I'm about to say may be a conincidence because  I have Section 8 rentals in Cleveland as well as Concord, CA and Oakland, CA.  After they have told me the amount they will give me, I look up on a website called rentometer what their median estimate is based on the address I type in and without ail, they are within about $20-$25 of those amounts.  It could be a coincidence, I don't know.    Do not fall into the trap of looking at the Housing Authority Website and assuming that what is on there is what they will pay. What they pay for a 3bd in Piedmont/Montclair (A Neighborhoods in Oakland,CA) is vastly different from what they will pay for a 3bd in the Castlemont (D-F Neighborhood) area.

 Hello Brian,  Are you still renting to Section 8 tenants?

If you advertise a rental price on a site, (for example, Zillow) will the Housing Authority allow you to request a higher rent from Section 8 than the advertised price? For example, the advertised price is $2000, but the HUD FMR is $2400.

 When a sect8 voucher holder wants to rent the unit and has a voucher for $2400, can the LL tell housing that the rent is now $2400? (Assuming the neighborhood comps would support that)

I know this is an old post, but I just found the answer here: https://www.mynd.co/knowledge-center/do-california-landlords...

"The laws governing Section 8 do not impact any of the screening processes a property owner has in place. The same credit criteria and income verification steps are in place.

The only change with the income criteria is that a property owner can only look at the portion of the rent that the resident will be paying, not the entire rent.

For example, if rental criteria says that a resident must earn three times the amount of rent every month, an owner has to consider three times the amount of what the Section 8 resident would be paying.

So if the resident is responsible for only $300 of a rental payment and the voucher takes care of the rest, a resident income that meets or exceeds a rent equivalent to $900 is sufficient."

Quote from @Jorge R.:

Good morning All,

I decided to use Zillow's rental manager because it seems to make the process easier.  I haven't had rentals in about 10 years so it feels all new to me...

I made the application public and I received an application within about an hour.  The checkr background check showed all clear but I did Googled the applicant's name and found out this applicant is felon that was convicted to 15 yrs for violent crimes. 

Can anyone comment on their experience with the Zillow rental app in general and the quality of the checkr background check?

I know this is an old post, but I searched here to see other's experience with Zillow.  I just tried it for the first time and find that the background check is not reliable.   Searching the court website has turned up felonies/gun violence/domestic abuse on some applicants that Zillow does not show on their report.  Will not be relying on Zillow any more.

Quote from @Dee Sivad:

Thanks, Michelle.   

I can get coverage, but the agencies want THREE times what I was paying before.

Did you find Summer Group was well priced?

 Update:  they responded: Summer group- "do not have a company insuring apartment buildings."

Quote from @Peter Mckernan:

State farm Jason Hobbs 

Jordan Company Broker in SoCal

Sure, the few companies left in Cali may write policies - but at 3X the current price, at least that's what I'm seeing now.

 Per LA Times: State Farm General Insurance Co. said last week that it’s no longer accepting new applications for property and casualty coverage in California because of soaring wildfire and construction costs and “a challenging reinsurance market.”

Thanks, Michelle.   

I can get coverage, but the agencies want THREE times what I was paying before.

Did you find Summer Group was well priced?