All Forum Posts by: Lois S.

All of my rentals have been 'no pet' properties, but...

I have a tenant leaving soon who brought in an "assistance" animal - a dog.

So I have a few questions.

If you know the tenant has a dog, do you require them to flea-bomb when they vacate?

I've been reading that all surfaces should be cleaned after fogging since it's poisonous.

I do require professional carpet cleaning on move-out, and proof of it with a receipt.

Should I let tenant know they are required to use a professional exterminator service in the house & yard?

Or do it myself after they move out & bill it from the SD?

Thanks for replies.

Yes, it smells a bit fishy.   ;-)

Our applicant listed an employer and his *supervisor* on his app.  

Researching the company he listed, I find that it's an LLC and he's listed himself as a member and his child as his agent.

So he can create his own paystubs, I'm assuming.  The *supervisor* was unreachable, as I only got a recording when calling the business.

Also see online that the LLC was suspended 5 years ago, but subsequent Statements of Information were filed with Secty of State.

Would checking his personal bank statements be sufficient to verify income?

Any other advice/red flags here?

Thanks

I received 30-day notice form from tenant that they're moving.

In Cali the tenant has a right to initial inspection 2 weeks prior to termination so they can be informed of repairs or cleaning needed to get their deposit back.

On the form, they checked the box that says "I decline the initial inspection"

Why would a tenant decline?  Hiding something?

With all the restrictions now on rentals in Oakland, CA - the only advantage to a year lease vs. MTM would appear to be that the LL can evict if a tenant refuses to sign a new lease that is identical to your old one (when the old one expires.)   For now, even with rent control, rent could be raised when unit is vacated & re-rented.

I prefer year leases that don't expire during the winter (harder time to rent).

I have a unit rented to a couple of unrelated 30-something roommates who are asking to go MTM. So far they're OK tenants & I'm sensing they're not planning to move soon, but - life happens...

Any Oakland LLs out there care to discuss what they'd do - -- or Oakland landlording tips in general?

@Jeff S    I had to let you know - I used your suggestion of creating my own payoff demand letter & it worked fine - no problem.     So, thank you!

Thanks for all the replies.  We did pass on this deal.

First position, private deed of trust  -  Balloon loan, interest-only for 5 yrs

Commercial property in a C area slated to be improved by the city over the next 20 yrs.  Property is leased.

Loan Interest: 6%      Monthly pymt: $1250

Loan to Value: 66.66%

Loan Amount: $250,000.00

Monthly Loan Payments: $1,250.00

Borrower has excellent track record in R.E.

Thanks for any input.

Thank you @Jeff S.

I understand.  Just fyi- note will be mature April 15, and balloon payment due then.  We just collected monthly interest.

Must say that I much prefer notes to rentals! 

Will be researching how to do this again.

@Jeff S.   Interest was paid 1 month in arrears.  Last pymt was received Feb. 1 (for January interest)

Maturity date is April 15, 2019.

Do I have this right?

For purposes of payoff demand, Interest due thru March 2019 is for 2 months. (Feb & March interest) plus 15 days for April.

I don't know why I find this so vexing, but ¯\_(ツ)_/¯