All Forum Posts by: Diane Tycangco

Thank you I will callnthem on Monday. 

Hello, can someone recommend a landlord friendly property management company in Fresno, CA?  Someone who of course follows the law, but who believes that landlords have the right to enforce the law and defend landlord rights. 

Thanks 

Called them today.  Fresno is too far.  Thanks anyway! 

Hello, I would like to ask for your recommendations for a lawyer representing landlords in Fresno, CA.

It seems to me they all represent tenants because it is easier to win if they represent tenants instead of landlords.

Thanks.

Diane

Hello everybody, I inherited a lease where it seems that the original tenant who signed the lease is no longer there.  The people who are living there now are people who were named in the tenant estoppel as people who can live with the original tenant.   The unit is severely below market rent.  In California, am I allowed to evict these people so that I can rent it out at market rent? 

Hello everyone!  Do you have any recommendations for a great property management company in Fresno that won't nickel and dime you, experienced in Section 8 and is honest?  Not to mention competent and knows all the rules. 

Thanks! 

An excellent and reasonably priced property management company in Memphis is Kaizen Property Management.  They don't gouge you with unnecessary services like lawncare without your knowledge and don't require maintenance reserves etc... Unlike a big property manager I won't name.

Tell Saira I sent you. I have used them for a few months now since I left that other company. 

Diane 

Hello, I am thinking of buying a Fresno triplex whose current rent is $1295 for a 5b2b, $795 for a 2b1b and a vacant 1b1b.  Correct me if I am wrong, I think the 5b2b should rent for $2800, $1300 for the 2b1b and $700 for the 1b1b.  With CA rent control, how can I get market rent - tell tenants to leave or what else can I do?  Thanks! 

Hi Joe, your explanation is great.  However, what you said above, "since doubling the equity also should mean you can buy 2 of the same deal as the first"  wouldn't apply because you are buying the 2nd property later, mean this 2nd property would already have appreciated before you bought it, so you wouldn't be able to buy 2 x $100k each, you might have to buy "less house" for the $200k and the increased total rental income might not really be double the first.

Or is what I said irrelevant since your point is your overall return is increased anyway?

By the way, I am Chinese, hence the Chinese puzzle!

Cheers!

So in effect, the cash flow in the refinanced rental is going to go down so that the new rental will cash flow.  Wouldn't the net effect be the same?   I should look for a property which would add more cash flow than what the additional debt burden would be on the first property for it to be worth it, is this right? 

Where can I find properties that cash flow even with 100% financing?