All Forum Posts by: Nathan Williams

I agree with Todd, not a fan of turnkey provider arrangements at all.  You are coming into the deal at an inflated price and the expenses tend to quickly rack up if you give them full control in managing the property. 

From what I see what rooms for rent go for in more centrally located areas of inland So-Cal, I think that price range is a bit on the high side.  

could be alot worse with tenants who dont pay and refuse to move.  If I was personally in that situation I would just count myself lucky to still be paid rent and keep that cash flow rolling until this whole moratorium stuff is over or try to sell to an investor who doesnt mind that there are existing tenants that are paying their rent on time. 

-investing in too many condos -it was ok early on when that was just about all I could afford but I should have moved to SFH much sooner instead of buying a rental condo for my first 4 investments... the HOA assessments kill the ROI compared to SFHs

-not vetting people I work with a little better.  Got burned by a property manager and repair contractor who ran off with my money.  There were plenty of red flags to be found if I spent a little more time researching their info online.

I wouldnt be surprised if it gets extended.  Governments have realized they could get away with this with relatively little push back.  (lets face it, the outcries of the "Cancel Rent!" crowd deafens the complaints that us landlords try to make over this).  Being able to push the problems of potentially homeless people onto the "evil greedy" landlords and telling them to just suck it up is just too cushy of a setup for governments be in a hurry to end.  

I like to buy owner occupied homes as much as possible... they tend to have much less issues pop up due to the TLC an owner would put into the home they live in.  Its also invaluable to have an excellent handyman in your corner who can fix most issues without breaking the bank.  

I usually require half of the deposit for a tenant to reserve a unit for up to 3 weeks.  I was curious, what if the person backs out and never moves in?  Do I have grounds to keep that deposit?

Thanks 

what I really dont get is if you are giving people all this free money in unemployment bonuses, stimulus checks, and rental assistance so that they can pay their rent, why also prevent them from getting evicted?  This is dangerously conditioning people that they dont have to be responsible with their obligations.

FYI for anyone who needs to plan accordingly.

https://www.washingtonpost.com...

Biden's stimulus package proposal includes an eviction moratorium extension to September of 2021.  They are trying to put in rental assistance programs this go around atleast.  
Also it looks like some judges are using these moratoriums as a green like to prevent eviction for ANY reason so be careful on your tenant screening!

understood but the moratorium does not provide any explicit avenues for landlords to challenge tenants who sign this and dont make "best efforts" to pay what they can.  For example my tenant signed this and balantly failed to make best efforts by paying ZERO ever since.  I talked to multiple lawyers and they said there is nothing they could do with the signed declaration.