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All Forum Posts by: Kelvin Lee

Kelvin Lee has started 15 posts and replied 66 times.

Post: Looking for an Attorney - Have to get behind my roofer

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

http://www.balljanik.com/bio-detail/otto-angela-m

She is good but she is not cheap. I used her for chasing a contractor who owed me over $100k. There is no sure win as it depends on so many variables like the way the contract setup etc. Good Luck.

Post: Who's BRRRing multifamily in Portland?

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

I personally have stopped looking for rehab project in City of Portland for a while due to tenant activate groups and constantly changing PDX ordinances. It only gets ugly with Tina Kotek onboard with rent control and killing non-cause eviction in the future. I would look for Washington State or at least to stay away from City of Portland for rehab if possible. Contact brokers for pocket listing is one of the options. Thing that I don't like going to Loopnet or any public platform like RLMS etc anymore is to avoid bidding war.  

Post: Is it a good time to invest in rental properties in Portland?

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

There are lots of variables like location, strategy, financing, the deal by itself etc to answer your question. RE Portland has been appreciating though at different pace in different period of time. In 2018 til now, the appreciation has gone slow due to high vacancy rate and the interest rate has gone up a bit as well. The price is still high however has been stabilized. For a long term holder 10+ year I think it could be the moment to pull the trigger if the deal is right.  

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

Thanks for the feedback. I certainly will let the new PM handle it in a more liberal way. On the other hand, it's time to let go of this coward PM who only uses the owner shielding themselves for confrontation. 

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

When you thought the drug activities was about to slow down after beefing up the patrol, then it comes the wave of abandoned vehicles started showed up in the parking lot one after another. The tenant uses the parking lot for fixing the vehicle in a parking lot as if it were his auto shop. Then you started wondering who encourages behavior as such? The PM does for the reason to avoid confrontation. Not only that the PM have been keeping this behind me for a long time, they used me as a scapegoat when explaining the tow policy. 

The tenant said: "I don't hate you (PM), I hate the landlord and he discriminated me!"

What does it tell you when seeing this kind of respond?

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

I have contacted Portland Police K-9 unit and they will be stopping by the property for evaluation. It will be a good demonstration to the residents and at the same time pushing the drug tenant to the edge. Thanks for this great idea!  

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

I think the reward based would be an excellent idea. Thanks Mike.

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24
Originally posted by @Zach Davis:

Yes, the police were well aware of the issues with many of the residents at the time we purchased those properties. They were as helpful as they could be in this day and age but the reality is their hands are tied from a lot of different sides. Unless your tenant is a fairly large distributor worth the DA building a case against its unlikely they will really be able to do anything to make a difference. 

As far as the letters go, I don't think it would hurt as long as its done according to the law but there too I doubt it will make a substantial difference. In my experience these people have been through this before and know the protections and freebies they can get to fight you. Even if it does make a difference it will be very short term. I've found when you have tenants with issues like that they will either continue to do it knowing they will most likely loose and eventually have to move (big deal, they can always find a slumlord to rent to them), or continue and hide it better which makes it harder on you or your PM to document. 

Thanks Zach for sharing your thoughts. Drug lord just like a roaches that has already immunized from PM notices and Police. Also thanks for Chloe Eudaly to create this perfect environment for supporting criminal activities and yet punishing the owner for being a good responsible citizen keeping the property crime free. If I were to blame someone, it would be the PM who allowed the drug lord moving in at the first hand.

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24
Originally posted by @Zach Davis:

Sorry to here about your issues Kelvin. I've been there myself with inherited tenants. We issued them a no cause and 2 months later the relocation ordinance was passed and made retroactive. We ended up recending the notice, installing a surveillance system on the property and documenting any activities that we could write them up for. We were also fortunate that we also had tenants that we could rely on to write up anything they were doing in addition to our surveillance. It took us 4 months and thousands of dollars in lawyer fees (he got a free lawyer), lost rent and damages but we did get him out. In hindsight it would have been cheaper to pay him to move but that would be depedant on whether he actually moved or just took the money and made me go to court anyway. If documentation and with cause isn't an option for you it may just be cheaper to give them the money to get out. Its better than loosing the good tenants you do have. 

Did you report the drug activities to the Police? I did it last nite anyway and I hope they may have time to call me back. Also I was thinking sending letters to all resident including the drug lord unit about receiving criminal activities reports from the residents and now Portland Police has been getting involved into investigation.  Do you think it is will be helpful to settle the good residents concern and expedites the drug lord moving out the property?

Post: Drug activities in my property

Kelvin LeePosted
  • Real Estate Investor
  • Portland, OR
  • Posts 68
  • Votes 24

I was recently informed that there was drug activities in one of the units. Also there have been vandalism and coin operated laundry got broken into that possibly related to the same tenant. However, the other tenants who reported to the management company didn't want to bear witness and new tenants who moved in less than a month requesting for termination. Situation like this without any photo, video and witness is impossible to put a case of cause eviction together. Besides paying $3,300 90 days for no cause to get rid of the tenant, I was wondering if you guys have other thoughts to share with. Thanks!