All Forum Posts by: Miho Y.

@Matthew Forrest cool!! I called when the state passed the law. It was not as streamlined as now and the building department people were kind of skeptical and not helpful (surprise). Thank you.

@Matthew Forrest Matthew Forrest are you sure you can add ADU to multi unit? Last time i called the city inquiring whether garage conversion if triplex was allowed, I was told only SFR's was eligible for ADU addition. Maybe they changed the regulation?

A friend of mine is a first time landlord in a highly sought Venice, CA. It's 3/1.5 SFH with a newly built ADU where he's moving to. The rent will be market rent just under 6.5K/mo. The test ad attracted the super riches offering to buy his property instead of the tenancy which kind of freaked him out. I feel his fear because they probably have power to do whatever they feel like to (remember oj Simpson), probably more powerful than him. How do you make sure of the tenant profile in such a high end neighborhood? What do you think is the verbiage to include in the ad to protect yourself from the entitles rich?

@Johann Jells thanks for sharing. That makes sense if your area is already desirable, and especially if you are living there. I’d do the same to get the fair rent from a quality tenant or operate Airbnb myself.

@John Underwood thank you. That’s exactly what was promised and I have to say I am impressed that from day one there’s Airbnb guest. Power of a superhost I guess. I cross posted the ads to nextdoor, but people there were pissed off about the rent and tenant criteria we were asking. So Airbnb was the only win-win situation under current state of yet to be gentrified area.

Hello investors, we have a tiny duplex in a rundown area which we are sure to be hot in 2 years with billions of dollars of developments underway. We were approached by an Airbnb superhost to rent both units at the rent amount we are asking for. Is this too good to be true? Is there something we need to be aware of? Any insight is appreciated!

So my rental in LA is extremely rough area. I have this ideal tenant who is very stable with job and his family moved in last year. They reported to me that there's someone moved into the garage across the alley. Such a tenant drinks beer at the corner of the alley which is ON MY PROPERTY that belongs to my nice tenant. Then leaves the empty beer bottles on top of the concrete enclosure which belongs to my nice tenant. The garage this drunkard/drug addict is not a dwelling meaning there's no bathroom. This tenant goes both #1 & #2 shamelessly on the alley in front of my nice tenant's garage, and of course, don't clean afterwards. My nice tenants are afraid of confrontation especially I think is because they have a very pretty teenage daughter. My fear is that they'll leave. Any suggestion/recommendation would be appreciated as to how I, as a property manager, can approach this situation without none of us getting killed. Should I report to Police? But that police station is too busy to handle public defecation.

Thank you so very much Matt. I really appreciate it. I am switching from Farmer's. Since I am no military contribution, I assume I won't qualify for USAA. I will check out. 

Hello seasoned landlords in Los Angeles, 

Could you kindly give me names of good landlord insurance companies which offers auto, umbrella in addition to landlord insurance for multi units? 

Thank you.

Please kindly refer me to an honest, skilled, fast and reasonably priced handyman or carpenter. It's a stand alone 900 sqft 1 bed 1 bath plus a bonus room unit to become vacant at the end of the month. I'm thinking about: 1 replacing the counter top from tile to some other cheap alternative 2. Install ceiling fan 3 Possibly new cabinet 4. Paint 5. Possibly new laminate/tile flooring (currently ceramic tile) Thank you.