All Forum Posts by: Rodney Williams

 My understanding of a pre-hab and they way we use the term is, either getting a property under contract or make the purchase and doing light work to make it more desirable to a re-habber.

Example; we put a property under contract, evicted a non-lease tenant, and cleaned out the property of all trash. Then we sold it to a re-habber who previously did not want anything to do with it. 

Appearance makes all the difference!!!

Maybe six hours of work = $18,000

Hope this helps

 Don't post your experience with them on Social Media. Just tell people you talk to and let it go.

 I disagree Maggie. back in the day when we didn't back ground check and a tenant fell behind I would offer them some money (not as much as the rent) to be moved out by a certain date and the place had to be broom cleaned to my satisfaction. I would meet them with another person present and let them go. Haven't had an eviction for many years now.

 I used to manage a dorm like this in a Max facility. 

 Try this link 

http://maps.assessor.lacounty.gov/GVH_2_2/Index.ht...

Then look on the right side and click on locate intersection should be able to narrow it down. 

Hope this helps,

Man Rob you had to learn somewhere, let's at least try to help her before you send her to prison.

Question:

I’m renting out a really nice apartment and I don’t want it to be overcrowded or too noisy. Can I limit the number of tenants without getting into legal trouble?

Answer:

You can set a limit to the number of people who can live in your rental—as long as you comply with all relevant housing laws. State and local health and safety codes that set maximum limits on the number of tenants (based purely on the size of the unit and number of bedrooms and bathrooms) may support your limit on number of occupants. But you are not free to set unreasonably low figures (for example, two people for a two-bedroom flat) in order to maintain a quiet atmosphere or to reduce wear and tear. Federal occupancy standards require landlords to allow two persons per bedroom—unless you can point to legitimate business reasons that justify a lower number (this is difficult to do). And state or local occupancy standards may allow even more people in the rental than the federal law does. If your occupancy policy limits the number of tenants for any reason other than health, safety, and legitimate business needs, you risk charges of discrimination against families. Before you set an occupancy limit, contact your local and state housing authority for information, or the U.S. Department of Housing and Urban Development (HUD) for the specifics in your area. For contact information, check the “State Info” section on the HUD website.

http://www.nolo.com/legal-encyclopedia/can-i-limit-the-occupants-rental.html

 Charge $100 per extra adult.  This will either give you more money in exchange for wear and tear or they will decide it is too much and move on. Either way it looks like a win for you.

Hey David,

Before you do anything make sure the value is there. If others are offering a lower price then maybe they know something you don't. Don't rely totally on the county assessor for a value.

Hi Joey,

The rules for refinance includes a seasoning period. 

For Rate and Term refinance you usually need to own the property for six months.

For Cash Out refinance you would need to own the property for twelve months.

It sounds like the person you were dealing with is new to the lending industry.

Hope this helps,

Rodney