All Forum Posts by: Manolo D.

Shaun Alexander I would pluck out those trades from his contract to an addendum, you obviously don’t know contracts, talk to your license board and see what your options are on suing if he doesn’t comply. New construction that doesn’t have a deadline and penalty clause is such a noob mistake. Even my 5k micro projects have deadlines. One note, if you pluck those trades out, it will be a fiasco unless you hire a contract/project manager to overlook your side of things, I would pay 5-10k for the cm/pm instead of the whole 40k, this way you save 30-35k AND have someone on your side to protect you from unauthorized change orders or COs that are of industry standards. I’m not a big fan of bad mouthing other contractors, and I will never say this guy underbid it, I mean, his price will always be different from mine.

Andrew VanCura Before my first contract, while my company and license was a month old, I was getting a notary from my mailbox company for bidding documents to bid on a city contract, one guy was there picking up his mails and overheard me talking bout city contracts, and chatted a little, he told me that government contracts are tough to get, hard to please clients, and ridiculous number of days to get paid, he said it was more better to work on residentials because the day you get the job done, you get paid, or within a week. He smirked at me and told me Good luck with that one buddy. That was around February, by June, I got that 25k contract, by October, I got two 90k contracts, and it kept on rolling. By year 2.5, I hit my first million. If someone says you can’t do it, prove them wrong! They don’t feed you, you don’t need them. I wish I met that guy again so I could ask him “did you ever hit a million in contracts before 3 years when you started in residential?”

Greg Scott Nobody will accept 5k, even 10k. The cost to move alone is 3-4k, plus the hassle, plus the down payment and all that, given that this tenant will even qualify. Elias U. You need to learn more about RSO, I have read something about exemptions when owner occupying.

Lonryco Robinson Because the rate of failure for you is much greater than the $1,200 reward. I’ll ask you this, if someone offers you to work every saturday at $30/hr for 8 hrs, and there is one who pays you $350 for 8 hrs on occasional saturdays meaning it is a hit and miss every saturday, which one will you pick?

Ramon Wilson Why not pick up the phone and ask your local housing authority? If you don’t owner occupy, regardless how many times it changes ownership, the protection applies. A 2nd degree cousin of your wife’s cousin in-law does not apply also.

Lonryco Robinson Why not have the listing agent be your agent? Are you going to low-ball all of them? Maybe that’s the reason your agent can’t keep up, you’re probably his highest volume offers with lowest chances of getting a deal done, in short he might be making $10/hr off of you while he makes $30/hr on his other clients. He only has limited number of hours a day.

Camille Joos-Visconti Im not a landlord nor a lawyer but I could read and understand the law. So now tenants are month to month, so their tenancy can expire end of each month, every month, right? So it can end March 30, April 30, May 30. Now why can’t you serve him 60 day notice? I’m confused. The loophole you are talking about is, if they slip you payment and you accept it, then the next month goes on, what if, you WONT accept it? Close the bank account if needed, serve him a notice (the same 60 day), i don’t see why they will still attempt to pay rent on month 3, i mean, clearly there is already intent to not renew the lease on month 3 after you serve the 60 day, the mere notice alone “should” be an instrument to prove you do not accept any further payments nor lease 3rd month’s. You are reading a website that’s for tenants, you can also pick up the phone and call them ask as for a landlord advocate, have you done that already? if not, why?

Camille Joos-Visconti Who said you can’t terminate a month to month lease? It is month to month for a reason, both parties can terminate. Come on now.

Kusum Chanrai Yes, no to any mentoring, just a waste of money and pretty useless education which you can get for being in a position of cash. I agree with Jeanette A. , be the bank, you don’t have to be an investor that has properties to make money. If you’re in SF, go up a little and look into development deals in OR, not sure if Karen Margrave is looking for cash partners, she recently moved up there. Check with Steve Snyder , he always needs bridge/funding partner deals. Or maybe Chris Mason if he has contacts that need a little more cash on one of his clients. Going out of state or something that would stress you over driving distance will eventually stress you out if something goes wrong.

Seth Teel I have read somewhere that these trusts are easily set up and resides in an attorneys office only, is this an accurate statement or do you have to register it with the county/state?