All Forum Posts by: Lee L.

Cabinet City in San Gabriel. They have a really cool indoor fish pond, too, you need to check out. 

me too! Maybe @Will F. as well. 

Maybe put in a really good vent hood? I recommend http://www.sanyangpai.com/RangeHoods.asp

Pac Air is another option: https://www.pacairusa.com/

They're much more powerful than other vent hoods, but noisier. Suitable for people who stir fry a lot. 

Long term airbnb'ers are some of the best to have. Letting them cook would encourage that. You can also buy  slim profile fans that they can place by the window or door, and ask them to use them to air out the house once they're done cooking and a few minutes afterwards. 

Try calling HCDLA: http://hcidla.lacity.org/

Leave them your call back number ... they will call you back. 

 No, if it's under rent control, it would not be subject to a different rate. You can only raise it by a set amount determined by L.A., which is 3% this year. Once you have new tenants in place, you can set the rate to whatever you want. I'd google "LARSO" and read the document for details.  

While "Refusal to renew a lease or rental agreement of like terms and conditions," is grounds for eviction, per LARSO, it might be tough to evict them for refusing to sign a new lease since you don't have the original lease. Since the tenants are paying rents well below market, they'd probably do everything in their power to stay in their unit, or to get as much money from you as possible. They might even hire an attorney. You might make the sale contingent upon having the owner have the tenants sign a new lease before close of  escrow so you have something to work off of once you own the property. You can also try to negotiating cash-for-keys with the tenants before close of escrow. However, if your strategy is to hope that you will somehow evict the tenants after close of escrow, that might be pretty risky, difficult, expensive, and full of headaches.   

@James D Malone It's a beautiful property. It depends a lot on how much that initial rehab is. $5K on a 4plex isn't very much at all. Why is it completely vacant? Unless it was just fully rehabbed, when something is completely vacant it might mean there's a bit of deferred maintenance to deal with. There would be a many unknowns compared to a property that was completely occupied. 

@Tracy S. Make sure you talk to an attorney since I am not one of them. You can also look for the Landlord Tenant Handbook on-line published by the HCIDLA. But to my understanding RSO does not apply to single family homes. You can charge whatever you want. I'm not completely sure what other state or city laws say about airbnb - it changes all the time. If you check the app, it looks pretty legal to me.  

@Tracy S. L.A. Rent control does not apply to SFRs, but it might apply if that SFR has a guest house and considered an additional dwelling unit. Per 2015 Landlord Tenant Handbook, rent control also applies to the following:

"Residential rental units covered by the RSO include: apartments, condominiums, town homes, duplexes, mobile homes, mobile home pads, and rooms in a hotel, motel, rooming house or boarding house occupied by the same tenant for thirty (30) or more consecutive days."

@Steve K. When the wifi goes down, as it often does, who are they going to call? 

Also, I really appreciate your thoughts about the solar industry.