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All Forum Posts by: Carlos Enriquez

Carlos Enriquez has started 10 posts and replied 191 times.

If it takes up to 4 months for zoning hearings then why even leave right now?  She at least has 4 more months on that lease, and it will reduce the lease break to only 2 months.

Post: Collect half rent?

Carlos EnriquezPosted
  • Santa Rosa, CA
  • Posts 191
  • Votes 75

I've been told that if you collect a partial payment of rent, then you can't evict until they are late again in the following month.  If partial rent is accepted, then it is deemed that you are ok with it and for that matter it might happen again.  I was told to inform the tenant to hold the partial rent and that they would get a notice as per protocol, and to pay the FULL rent before eviction would commence.  That way, if she is playing you, it will come out and happen sooner than having to wait until the following month to start eviction because you had accepted a partial payment.

Post: Becoming a Dentist?

Carlos EnriquezPosted
  • Santa Rosa, CA
  • Posts 191
  • Votes 75

Brian,

I decide to become a dentist rather than a physician while I was in college.  I didn't do the military scholarship route, but I did join the Army after graduating from dental school.

After leaving the service, I married a dentist, and her father is a dentist too.  Her brother is a physician and her mom is an RN.  My in-laws have noted that the Golden Age of dentistry is over, as my father in law had started practice in the 60's.  Being in a group practice or working for the State or Federal government is a good way to go.  Private practice, with just one doctor (dentists are doctors) can be very expensive when you are the only one paying for everything that pertains to the practice.  I suppose being incorporated can help with that though.  It is still a single payer liability.  Also, all the regulations that are required now is very time consuming to put into practice.  I advised my two sons that if they go into dentistry, that they should specialize rather than be a general practitioner.

That being said, dentistry has been very good to me.  It has allowed me to pursue many options during my career, and as it's winding down, I'm parking my resources in investment property.  I'm using equity from my free and clear dental building and primary residence to purchase RE and will refi in the future to purchase more in the way many members do here.

Sometimes people have to start slow and build from there, and have patience.  That's what I did.  The creative financing that I read about here is not something that I feel I would want to do unless there was no other way.  For now, I've been blessed with choices.

Good luck.  PM me if you want to discuss dentistry or the military.

Post: E-signatures on lease agreements

Carlos EnriquezPosted
  • Santa Rosa, CA
  • Posts 191
  • Votes 75

I've used DocuSign and Authentisign.

From my understanding, you don't have to get permission from her to inspect.  You must give her the appropriate timely notification beforehand (a couple of days notice) and tell her when you will be inspecting, whether she's there or not.

Post: Just say No!

Carlos EnriquezPosted
  • Santa Rosa, CA
  • Posts 191
  • Votes 75

I bought a duplex that was one of three identical on a plat.  Lot 1 sold in Jan.  Lot 3 sold to me in July, both sold for the same price.  The seller owned all three.  I made an offer for Lot 2, and I assume that since he knew I just bought Lot 2, he figured I REALLY wanted the other one.  He jacked the price up by 33k firm.

I walked.  I don't fall in love with properties.

Post: Advice Please!!

Carlos EnriquezPosted
  • Santa Rosa, CA
  • Posts 191
  • Votes 75

How do you know if it even belongs to his girlfriend?  He could just be saying that?  If she was never in the lease, then it can be construed that the stuff belongs to him and he's abandoned it.  But then again, waiting a couple of days until Sunday won't be too bad.  If she's a no show, then yes, I would take it all away.

Escrow should credit you, the buyer, from the seller's settlement funds at close of escrow.

Make sure you get all collected fees, not just the security.  There are pet fees, non-refundable cleaning fees, pro-rated rent, et cetera.  The new owner should get all those for when the tenant leaves, you will have sufficient coverage for any damages and what not.

If the current tenants balk at the rent increase when it occurs, you can let them go and accept new tenants with pets.  That will generate a little more income.

Start charging for service calls that could have easily been handled by the tenants.

Hopefully your property will have appreciated in value.

Oops, I just saw that the title says "vending" machine.  Oh well...