Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jacob Lammott

Jacob Lammott has started 2 posts and replied 3 times.

Yes, we are aware there would be relocation fees. We would likely want to convert the detached garage to an additional office/ADU, so thats the main reason we are wanting to go this route. I guess another option would be getting the current tenants to sign a new lease which allows them to stay in that unit, with no garage usage. For that I am not sure if thats possible under RSO.

Thanks for your reply, will probably contact an attorney on this.

I am looking to purchase a multi-unit property with 3 units. I am trying to owner occupy one of the units and live in it for 2 years, but Im not sure on the rules after the 24 months of owner occupancy period is over. I see from LA RSO guideline documents that "The rent level on a rental unit, after the family member or resident manager terminates
occupancy, shall be restored to the rent level prior to the eviction, plus any automatic increases
that are due. The unit is not decontrolled when the family member or resident manager vacates,
and the rent may not be raised to the market level.", but I am unsure if that only applies if we were to stay in the unit for less then 24 months.

We would ideally like to live in the unit for 24 months, do some improvements and re-rent the unit at market rates, but Im not entirely sure what the rules are here.

I am exploring options for purchasing a multi-unit property with a SFH (2b, 1ba, with a detached garage) and 2 ADU units (1- 2b/1ba and 1- 1b/1ba) in Los Angeles. The SFH and the 1b/1ba ADU are currently occupied by tenants under RSO and paying far below market rents. The other 2b/1ba ADU is newly remodeled with a much higher rent value than the other two units and is currently vacant.

Would we be able to owner occupy the SFH 2b/1ba unit and no-fault evict the current tenants? We would then rent the back unit for market rates and keep the tenant in the 1b/1ba unit. I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent to
circumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ". So because the other unoccupied unit has the same number of bedrooms owner occupied might be a no-go, but the SFH (2b, 1ba, w/garage) unit has a larger square footage and garage access, so wondering if we might be able to get use that as a means to occupy that unit.