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All Forum Posts by: Jonathan Pantages

Jonathan Pantages has started 5 posts and replied 15 times.

Does anyone know if I can and how much I can charge while I store items left behind by my former tenant?  My understanding is I need to store it for 15 days, but that I could charge a reasonable fee if they choose to pick it up.  

@Nathan GesnerThank you so much for this!  We are going to get prepared, but delay this slightly.  Our concern is we may be unable to enforce an eviction if they decide to dig their heels in, not pay and try to take advantage of the changes due to the Covid virus.  Our understanding is we cannot evict for non payment in CA, so we would be stuck if they don't pay...We will revisit this as soon as everything is opened back up.  They are paying their rent, so for now, that is the most important thing...

@Nathan GesnerYou are right and we are on the pathway to changing our thought process towards all of this.  Bottom line is our good will is being taken advantage of so we need to make it stop.   

That being said, can you clarify what exactly we need to do?  My understanding from others on this thread and what I've read is:

1. Send a certified letter informing them of the rent increase and let them know we will be sending a new lease agreement effective August 1, 2020.  

2. Then send the agreement for them to sign.  Or just send the new agreement with the original letter.

3. If they don't want to sign then we would give a 30 day notice right?  Or would they be the ones to say we are not signing so we are leaving.

Appreciate all of everyone's help and going easy on us, we are learning!

@Nathan Gesner Thank you for your reply!  To clarify a few things, they are not strangers to us and they stepped in quickly when we had to move, so it was by far the perfect scenario.  That is the reason why the rent was lower, we knew them.  They have paid the late fees every time so that is good.  Our old neighbors say they are great, quiet etc, so that is a huge factor for us since the old neighbors are friends.

That being said, you are correct in that they don't appreciate it.  We see on social media how "our" money(reduced rent)  that was supposed to be saved up for them to buy a house, spent on vacations, eating out etc.  Since we became landlords by default, we are working through our hearts to help people, but yet the business side of things that knows we need to get more from them-or from another tenant.  At the core, we need to capture more of that $3600 for ourselves and not feel bad about that.  

So that is really what this post is about.  Raising rent and offering new lease agreement. We are fine if they want to sign a lease at an increased rate and we are fine if they leave, we know we can find new tenants.  We just wanted guidance on how to communicate the increase etc.

Appreciate your help and any further advice or input is welcomed!

JP

Peter, thanks so much for the reply!  Appreciate the info and the reminder about Covid.I don't think they would not leave if asked to, because of their positions at their jobs, but you never know.  If we went month to month we would just stick with one reasonable amount as our intention is not to jack anyone around with rent.  Basically just looking to have a lease that will insure someone will be there for six months to a year. 

So to be clear, the letter would cover the increase and the desire to have the agreement. Then we would follow up with sending the actual agreement correct?  Their responsibility to not sign and give a notice they are leaving or ours to give notice if they choose not to sign?

Appreciate your help!

We are newbies, so bear with us...

In 2018 we moved out of our home in California  We rented our house and signed a one year lease with our renters for $1300 a month.  The year contract was up in February of 2019, but due to some health issues (mine), and the renter trying to buy their own home, time passed by and now a full year and 3 months or so has gone by.  We did not increase the rent. 

I want to give them another one year lease agreement that goes into effect on July 1.  If I send the notice tomorrow 5/31, can this go into effect on July 1 or do I need to give them 60 days?  

My understanding is when the initial agreement expired, the "contract" technically went month to month.  Do I need to send notice terminating the month to month and introduce the new agreement or just send the new agreement?

We gave them a good break on rent and never increased it, so does a $100 increase feel unreasonable?  Other similar properties are going for $1500-$1600.

For what it is worth, they have been slightly late 50% of the time, but have paid late fees, communicated well and never did not pay.  They do complain a lot about trivial, cosmetic items, but the tenant is wanting items done that really are a personal preference, not health and safety issues.  For example, she wants the kitchen floor replaced because she doesn't like the design...The floor is in fine condition, she just doesn't like it! 


They have stated that they do not want a long term contract, so they could leave, but there are people who have inquired about renting the house and we know we could increase our rent significantly if they choose to leave and we get new tenants.  

Thanks so much and let me know if you need additional info to answer...Feel free to drop me links to articles that may help me with this. 

JP

Post: Realtor in Central Valley of California

Jonathan PantagesPosted
  • Fresno, CA
  • Posts 15
  • Votes 5

Hi Mandy,

I am going with a small brokerage firm (Brown & Brown Realty) and eventually invest in properties.  How can I get you my number so we can connect at some point?  I'm really trying to network with other like minded individuals.  I'm still figuring Bigger Pockets out so not sure if I can message you somehow...

Take care,

Jonathan

Post: Realtor in Central Valley of California

Jonathan PantagesPosted
  • Fresno, CA
  • Posts 15
  • Votes 5
Mandy Silveira I went through allied real estate school. Have you started?

Post: Realtor in Central Valley of California

Jonathan PantagesPosted
  • Fresno, CA
  • Posts 15
  • Votes 5
Hello! I'm new to all of this but I'm getting my license soon and look forward to investing as well! Nice to network with others in the greater Fresno area!

Post: New Member From Fresno, CA

Jonathan PantagesPosted
  • Fresno, CA
  • Posts 15
  • Votes 5

Thanks for all the encouragement and advice.