All Forum Posts by: Jin Zhang

Are you looking to search posts from a specific area? Because that is still available. However if there’s nothing from that area I noticed it wouldn’t populate. Not sure if this helps or not.

For example, I choose San Jose Real Estate Forum. I see no posts under this forum. With the old forum layout, I could see all the posts. With the new format, I could not see any. As shown in the photo below, no post showing up under the San Jose Real Estate Forum. How could I see all the posts?

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Hi everyone,

Is it just me or it is becoming harder to navigate the bigger pocket forum. I used to be able to go to different local forums to see all the posts there. Now, I could not find any local forums anymore here. I used google to search the local forum on bigger pockets. Once I get in, there is no pockets! or very few pockets! I tried all kinds of ways to navigate it but seems to not able to find the solution. Could someone tell me how I could review all the posts from a local forum?

Thanks,

Jin

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Hi everyone,

I am thinking about renting my empty unit to traveling nurses. I have some questions about the background check. Since it is a relatively short term stay (3 months) compared to long term tenants.

Do you still perform a background check? I saw people say that they would not go with any rental with a background check.

If you do background check, what information do you request from the traveling nurses?

Is it okay to request a copy of their contract to verify their employment?

Thank you! I would appreciate any advise or comment!

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Hi everyone,

I am thinking about renting my empty unit to traveling nurses. I have some questions about the background check. Since it is a relatively short term stay (3 months) compared to long term tenants.

Do you still perform a background check? I saw people say that they would not go with any rental with a background check.

If you do background check, what information do you request from the traveling nurses?

Is it okay to request a copy of their contract to verify their employment?

Thank you! I would appreciate any advise or comment!

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Hi everyone,

I read online that setting up a land trust to hold your property and then assigning the beneficiary to an LLC is a good way to protect your privacy and asset. I have a few questions about land trust and hope to get some clarifications here.

1) Can I set up the land trust before closing and ask the title company to assign the property to the trust at the closing? If not, when can I transfer the title of the property to the trust?

2) Can I set up the land trust myself? I saw that some videos selling standard land trust documents to set it up. Does this work for every state?

3) Is there a better way to protect your asset and privacy than this structure?

4) Any recommendations of a lawyer who is experienced in this in San Jose, CA?

Any suggestions would be greatly appreciated! Thanks!

Gin

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Originally posted by @Dustin Allen:

@Jin Zhang

Did you use an agent on this purchase? They should have made it a priority to have one of the units delivered vacant. In California, tenants who have been in the property for over one year need to be given 60 days notice. This isn’t something you want to wait until after closing to start working on.

Thank you for the clarification! This is very helpful.

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Originally posted by @Marcus Auerbach:

@Jin Zhang - if you are buing with owner occupied financing you have to move in after closing, depending on the loan probably winthin 60 days. So you have to decide before closing which unit you want to occupy.

The day of closing you can provide a intro letter, your contact info how to pay rent etc.

The lease survives the sale of the property, so no need for a new one. Make sure you get the security deposit.

Hopefully you have received copies of the leases as part of your accepted offer. The leases govern the termination primarily over state law. If they are MTM you are not evicting them, you are just terminating 9or not renewing) the lease in accordance with the terms set forth in the lease. Eviction is a judgment when the lease is broken, not paying rent etc..

You can find 5 how to videos about house hacking on my YouTube channel, the last one adresses these questions specifically, link is on my BP profile page.

Hope this helps!

Thank you for the information! I will definitely check out the videos!

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Originally posted by @Peter M.:

@Jin Zhang Send them both letters introducing yourself and where to send payment. Wait for the first month to see if one gives you problems. If so, that becomes the unit you want to move into. Give them 30 or 60 days notice depending on the existing lease and only if they don't move out do you have to evict. However if they don't pay rent you can move to evict immediately.

This is a great idea to find out the good tenant!

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Originally posted by @Michael K Gallagher:

Hey @Jin Zhang congrats on your new Duplex! yes I would 100% agree that checking with your local laws, or even doing an area specific forum search her on BP would be your best bet. But as a rule of thumb you have the right idea...if the tenants do not have an active lease and they are on a month to month you will have to provide notice of non renewal and work with them on the move out.

It's usually not always the most obvious but if you spend some time speaking with them and figuring out what they really need/want...there is usually a win:win situation that can be found for these issues.

That is a great idea! I definitely plan to talk with them to see how I can help them with a smooth transition.

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Originally posted by @Aaron W.:

@Jin Zhang Once you purchase a property with inherited tenants, the lease will follow with the transaction. If they still had time on the previous lease, then you'd have to honor the lease until expiration and they will need to pay you rent based upon that lease. In the case of month-to-month, then you can choose to sign a new lease, move them out, or keep the month-to-month.

You'll want to check with local laws to ensure how much notice you are required to give tenants. Also, California tenant laws are not the most friendly to landlords, so it could be a pain to get the tenant to move if they don't feel like cooperating.

Best of luck!

Thank you for clarifying this! I am more clear about the process now.

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All Forum Posts by: Jin Zhang

Jin Zhang has started 60 posts and replied 134 times.

Post: Why I could not see any posts in local forum anymore?

Post: Why I could not see any posts in local forum anymore?

Post: questions about traveling nurse background check

Post: Questions about traveling nurse background check

Post: How and when to set up a land trust?

Post: What to do after you buy a property with existing tenants

Post: What to do after you buy a property with existing tenants

Post: What to do after you buy a property with existing tenants

Post: What to do after you buy a property with existing tenants

Post: What to do after you buy a property with existing tenants