All Forum Posts by: Jeremy H.

I found a website that listed the exemption similar to what was listed above, by no means a legit HUD /FHA document. If I find the correct one I will post it.

https://www.american-apartment-owners-association.org/proper... 

This all makes sense, but can you provide the source? Particularly #2 I have not heard of.
Does a landlord need only 1 of the 7 points to defend him/herself if it goes to court?

#5 what would be an undue financial burden?  My insurer does not allow most of the aggressive breeds.  So I have to find another insurance company which may cost more.

How many pets do you guys allow?  What breeds do you allow?

I don't know if the following article affects anything for insuring as landlord. (In addition to seeing a trend of not writing new policy for California in general due to risks)

https://www.sfchronicle.com/california/article/major-home-in...

I will have some carpet in stairs and bedroom because the house already came with new carpet in stairs and bedrooms, the rest have water proof laminate , LVP would be my first choice.

I would want to screen and interview the owner and the pet(s).  Is that reasonable and common?  I have heard my co-worker "brag" about how she has a pitbull but always apply as "something something mix".  I would take a picture and ask elsewhere if I am being fooled.

@Bill B. could you share how much you charge for, pet included deposit and any one-time pet fee ?

I worded poorly I happened to put the house for sale after that tenant moved out.  The sale was not triggered by the urine, but after washing the carpet it is somewhat apparent it had been urinated on, while the carpet was damp the smell got very strong.

Hi, anyone here with a no-pet policy?  In my last property my tenant who had the sweetest dog but left puddles in a few areas.  I had to replace all the carpet and sell the house.   Tenant claims they don't know, initially a pro cleaned the carpet which actually spread the urine smell everywhere.  After they removed the carpet I found the puddle marks and cleaned and primed over.  This may be due to my cat long ago left their marks.  There is no judging a pet by looks, when they go they go.   

Deposit and replacing carpet every turn over is a bad deal.  Once the urine is in there it seems to cause future pets to also "go"

I am interested in the Reno area, I have been there many times, in public but did not notice a lot of dog owners , at least compared to Bay Area or central Oregon where dog ownership seems high.  If anyone know the actual stats let me know -- will I be likely to find an ideal tenant that doesn't have pets or sneak them in?  I will be patient and wait months, still cheaper than replacing all carpets.  Thanks.

Makes sense!  thanks for the replies.   I know as long as I have the title company documents to back up my numbers I would be fine.

with regards to the CA donation loop hole, it looks like they are now changing it from 1:1 tax credit to 85% tax credit of your donation.

https://leginfo.legislature.ca.gov/faces/billTextC...

Does that mean if I want to donate I have to do so by Dec 31?    I don't think I have that much spare cash around.    Is this still attractive now at 85% if I am in 25% tax bracket?   Will I lose it all in an audit?

I noticed the title companies (the ones here I have dealt with anyway) take the number of days the seller occupies and credit the buyer in prorated property tax,

To figure the amount per day they take a 1/2 year amount (typically in the county tax bill for 1 installment),   divide by 180 and then multiply by seller occupied days.

My question is, shouldn't the division be by 182.5 days, or 183 days in a leap year?   The seller is guaranteed over compensates the buyer by about 1% for this  (182.5/180.0).

Before I get too far,

I am trying to claim my property tax deduction (as a buyer) and I would subtract what the title company says the seller has credited me, but I question the accuracy of using 180 days.

As a seller, I also would claim that number for prorated property tax I credited the buyer by what the title company says in the final HUD.. (not likely the one on signing day but the one where they figured the errors and refunded)

thanks

Thank you for your reply Ashish.   My mortgage interest and property tax combined is about 45k a year.  So I must itemize.

Can you please tell me about this over $10k provision in CA?  I have never heard of it and cannot find anything about this.   

It would really help, I also thought the $10k is also the state tax deduction and property tax together!  It's a big change in numbers there for me.