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All Forum Posts by: Kally M.

Kally M. has started 5 posts and replied 9 times.

Has anyone filed a petition for "Fair Return" with the City of Oakland Rent Adjustment Program? If so what did you do to prepare? Did you consult with an attorney or use any other resources? Was it a successful outcome? Thanks.

Has anyone filed a petition for "Fair Return" with the City of Oakland Rent Adjustment Program? If so what did you do to prepare? Did you consult with an attorney or use any other resources? Was it a successful outcome?    Thanks.

Post: Rent Increase

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0

Thanks for all of the suggestions. What I ended up doing was a 2 part increase for which the tenant was thankful for.  Since then, I've continued to increase to a reasonable market range.

My mother owns a duplex in Oakland, both are occupied and paying below market rate (1/2 of market rate). They have challenged her many times in court when she's wanted to raise the rent. It seems that they both may be considered "protected status". I suggested that my mother move into one of the units however since Im not familiar with the rent control in Oakland -Im not sure if this is even possible. Can someone recommend attorney/paralegal that has experience with these types of evictions?

Thanks.

Post: oakland, ca eviction recommendation

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0

My mother owns a duplex in oakland, both are occupied and paying below market rate (1/2 of market rate). They have challenged her many times in court when she's wanted to raise the rent. It seems that they both may be considered "protected status". I suggested that my mother move into one of the units however since Im not familiar with the rent control in Oakland -Im not sure if this is even possible. Can someone recommend attorney/paralegal that has experience with these types of evictions?

Thanks.

Post: Rent Increase

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0

 OK, thanks for the clarification.  Zillow is not too reliable, so you will want to use a few additional tools to check rental comps in the area (CL, rentometer.com, a local RE agent) to make sure what the true market numbers are.  That said, if the place is in good shape (i.e. you won;t have to remodel in a major way before re-renting), then I would still proceed as I suggested above.  Terminate the current ;lease whenever possible, touch up the place, and re-rent at market value.  I'm usually all for hanging on to good longterm tenants, but if the difference is THAT large, I think you have to take drastic action.

Thanks! It appears that Zillow was little more inflated than rentometer. Although the difference is still great ($900), at least I know what to aim for now.

Thanks  everyone.

Post: Rent Increase

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0

Note: I am not local. I didn’t realize how the rents soared in the last 5 years. The only comp is listing for $3900 which may be high. Zillow reports $3200/mo. Currently collecting $1950.

Thanks for the feedback.

Post: Rent Increase

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0
Originally posted by @Franklin Romine:

@Kally M.  $1,200 below market is a significant business decision.  It is hard to be sensitive to tenants when you are financially miss managing.  Raise the rent to $200 below market.  60-90 day notice.

Frank 

Thanks. I realize with the significant increase,  that I may end up losing my tenant.

Post: Rent Increase

Kally M.Posted
  • Elk Grove, CA
  • Posts 9
  • Votes 0

I have a rental in California that is $1200 below market (no rent control). Initially rented below market by $300. When I look at current market, I realize I could be getting a lot more. I have a tenant I would like to keep however I'm not sure how to do this. Tenant has been renting for 5 years with increase of $60 in year 2 and $60 in year 4, and I would like to increase $100 this May and another $100 in 6 months. Does this seem reasonable?

Thanks.