All Forum Posts by: John Louis Tomines

You are under no circumstances allowed to increase the rent on the property. There is no way around this given the LA RSO. 

This would be a violation and could open you up to a lot of liability. You are allowed to buy the tenant out either ‘cash 4 keys’ or pay them the city relocation fee which is pretty high and can be found here:  https://housing.lacity.org/wp-...

Whatever you do, don’t irritate the tenant because under the LA rules, you still cannot evict a tenant for non-payment of rent.

You don’t want a situation where a tenant decides they no longer want to pay rent.

Unfortunately, LA is a different beast and rent control in this area follows different guidelines. 

If your considering selling, my buddy does buy homes cash. 

To your success! 

@Melanie Stephens trying to fix the water heater myself.

I YouTubed it and realized it would be easy to replace the dip tube in my 15 year old water heater. Big mistake, the old dip tube fell into the tank and there was no way to add another one into the spot, so I put everything back together and attempted to isolate the tank with the valve in hopes that I could still get the water turned on to the rest of the house. Well, the isolation valve broke off instantly and sprung a leak leading me to shutting off the water to the whole house. I had to cancel 6 reservations but before I could block the date, new reservations would come in that very second. It was a nightmare, I had to call airbnb support to block off the dates and then paid 6k for a tankless heater which would take 3 days to get the parts. I would have purchased a cheaper water heater, though it was going to have to be retro fitted to the space for 3k and would take 5 days to get in to the shop. I needed water ASAP and bit the bullet, purchasing a tankless heater. Lessons learned, don’t fix things yourself when you have the place booked and not everything can be fixed using YouTube.