All Forum Posts by: Kent Hall

You will not be able to (and should not be considering) evicting someone who has a lease even if it is below market rents. As long as they are paying and following all other rules laid out in the lease that they signed with the current owner then they are well within their rights to stay until the end of the lease. 

Agree that if they are month to month (as is often the case with long standing tenants) then it makes sense to give them notice of rent increase. Just make sure you check their current lease to see how much notice you have to give before rent is increased. 30 to 60 days seems pretty standard where I have units, but I am sure it is somewhat variable and regional. Maybe they will agree and stay (which is good, no turnover cost) or maybe they will move on and you get a new tenant that you can vet yourself and place at market rates.

@Aaron K. Thanks for the feedback. I figured Carlsbad wouldn't be a good place for cash flow. But with the very highly rated schools maybe it wouldn't be a bad long term appreciation hold, as long as the negative cash flow isn't overly onerous. 

Good morning all,

I am hoping to get some recommendations on Real Estate Agents who operate in the northern parts of San Diego (Carlsbad, Oceanside). I am currently overseas (Japan) but will be moving this summer. The search will be for a primary residence, with the caveat that ideally it could be a long term buy and hold when/if my employers moves me again.

If anyone knows of any agents working in that area that might also have solid knowledge of rental rates, HOA fees/rules, property taxes and how the appraisals change after a sale, as well as the different neighborhoods and schools, I would be very grateful for the recommendation.

Also, anyone who is doing buy and hold in that area, I would love to hear about your experience. I can only offer a "virtual" steak dinner since I am currently very remote, but if you take a rain check I will be happy to cash it when I arrive this summer.

Thanks for reading.

Smart Move Inspections, Inc - Mike Connolley did a great job. Very thorough, his reports are detailed, but easy to follow.

Hello all,

Please forgive the error in the title, I am asking about HAMILTON COUNTY. Changed it in the body but couldn’t figure out how to edit the title. 

I have a rental property in Cincinnati, Ohio, purchased Feb 2019. My bank is not withhold escrow funds for propert taxes or insurance as I prepaid the insurance and assumed I would just pay the taxes on my own. 

My questions are: Will Hamilton County be contacting me (a letter I assume) with the tax bill or do I need to reach out to them? If I do get a bill from them, when should I be expecting it?

I know these answers are likely easy to find on their website, but because I am active duty military, currently posted overseas, I have some trouble with firewalls getting onto government sites (the irony, right). 

Thanks everyone. 

For a local lender is Cincy, I would highly recommend Valley Central Bank. It has been great working with them. 

Find an amortization calculator online and plug in the numbers, that will show you the miscalculation.

You will see that early in the loan the vast majority of the payment is going to interest, not toward principle (equity).

I got a similar notice from Kettering. How successful are people at getting the tax valuation decreased from the purchase price? What kind of proof do they show?

Thank you everyone, great feedback.

Just curious if any Cincinnati investors have had any luck lowering their property taxes on appeal. Specifically, I am considering working on lowering that expense on a recently acquired small-multifamily in Oakley.

Lots of people seem to talk up the strategy, but I am guessing success is very region/municipality specific.