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All Forum Posts by: Kevin Nickerson

Kevin Nickerson has started 2 posts and replied 55 times.

Originally posted by @Theresa Harris:

It looks like it could be a butcher block counter top.  Try sanding it down and if that doesn't work, replace it.  

You can only charge them if you actually replace it and for the cost of replacing it.  If you can't get something that matches the other part, then replace all the counter tops.  When you look at replacing it, I'd suggest not using a wooden counter in a rental as this is likely to happen again.  Get something less porous (e.g. laminate) and pay for any price difference.

 Just as a point of clarification, you can charge them to fix the countertop not just to replace it. 

Originally posted by @Mike Cumbie:

If you lease a car from a local GM dealer and someone walks up and kicks a big dent in the side does GM say "Oh gee, I guess we will pay for that, what tough luck we have"? If you borrow a tool from Home Depot and while using it some random stranger comes up and snaps a handle off of it, does Home Depot say "Oh darn, looks like we have to replace the handle at our cost"? If you rent a tux for a wedding and some crazy person runs up and cuts the legs off of the pants, does the company say "Darn we have such bad luck, looks like we lost another one at our expense"? I'm not sure why so many responses are : Just say "Darn" and pay to have it fixed. I agree but follow it up with "and add it to the next months rent"

Just my 2 cents.

 You are correct that the tenant would be responsible for the cost, however in CA it is the owners obligation to ensure the property is safe and secure (not sure about the law in the state of the OP). If it were me (in CA), I would have the door fixed and then bill the tenant for the repairs. 

Post: First Rental Property Deal Done!

Kevin NickersonPosted
  • Posts 56
  • Votes 16

congrats!

Originally posted by @Will Sholy:

Looking for a good resource to learn the ins and outs of the new Assembly Bill 1482 that was signed this week. In particular, can investors who just purchased a property adjust rent to fair market value? Or is this considered rent gouging if the rent was previously below market?

 You can read the actual bill:

https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB1482

From what our attorney has told us the lease conveys so you would inherit the tenants at their current rental rates and would be subject to the rent caps. 

I've rented to lots of people who have had previous evictions, as a property manager for 400+ units I would simply suggest your brother being honest and forthcoming about the situation. Furthermore, I would suggest he offer a higher deposit and work on finding a co-signor who owns property in the area (if possible). 

I would also mention that it does sound as though there is more to the story that what is being told. Where has he lived for the past 6 years?