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All Forum Posts by: Kimberley P.

Kimberley P. has started 3 posts and replied 5 times.

Is it legal to have a video camera in my vacant rental property when I'm showing it?  Does it have to be within view or can it be hidden?  I am not trying to spy on people, I am a woman showing vacant single family houses so it is for my safety and documentation.   In researching California law, I can only find laws pertaining to home or workplace use of video cameras where it says it is illegal when someone has a "reasonable expectation of privacy" such as in a bathroom.  No one would have an expectation of privacy when viewing a vacant house, would they?  Do you use cameras?  Can anyone reference specific CA law pertaining to this?

Post: I need a pro forma for buy & hold investing

Kimberley P.Posted
  • Investor
  • Southern California
  • Posts 5
  • Votes 1

I invest in fixers, rehab them and rent them out.  I am searching for a pro forma spreadsheet that I can plug in all the acquisition costs, rehabbing costs, carrying costs, figure gross/net operating income, cap rate and rental income.  It needs to work with Numbers on Mac as I don't have Excel.  I am currently doing this in multiple applications and docs and would like to have all the info in one document.  Does anyone have one to share or can direct me where to find it?   Thank you so much!!!

Post: Adding a tenant's employer to an existing lease

Kimberley P.Posted
  • Investor
  • Southern California
  • Posts 5
  • Votes 1
Originally posted by @Colleen F.:

I would find out if he is asking that they be a guarantor.  You would not give a company right to occupancy and you would not want them to lease the condo because they could put anyone in there. A guarantor usually is taking responsibility for the entire rent though so that would not be right either. The business office proposing this should provide more info. There are other ways for them to prove they paid his rent. canceled checks, receipts..

I had already approved and rented to the tenant so he doesn't need a guarantor.  I told him I can give the company a receipt, or their cancelled check should suffice for taxes.  There's really no reason they need to be on the lease in my opinion, and you're right, I don't want to give them any right to occupancy.  Thanks for the response! 

Post: Adding a tenant's employer to an existing lease

Kimberley P.Posted
  • Investor
  • Southern California
  • Posts 5
  • Votes 1
Originally posted by @Matt Clark:

Kimberley P. You can just politely tell the tenant "no" and that you don't modify a lease once it's in force. If the employer wants to pay the rent that's fine, but you aren't going to add them to the lease.

Thanks Matt, that is what I have done so far.  I wanted to ask the question to see how others would handle it in case they push the issue.  My tenant said his employer wanted it for tax reasons so I said I could give them a receipt.  That should suffice for taxes, so there's really no reason they need to be on the lease, in my opinion.  Thanks for the response! 

Post: Adding a tenant's employer to an existing lease

Kimberley P.Posted
  • Investor
  • Southern California
  • Posts 5
  • Votes 1

The tenant in a condo I own just moved in and signed the lease a couple weeks ago.  Now he has informed me that his employer will be paying a portion of the rent and they want to be added to the lease for tax reasons.  There are a lot of rental scams in my area, many involving "companies" that rent for employees (I won't go into all the stories I've heard) so I want to be sure I'm covering all my bases here.

Do I just add the company name to the lease he already signed and have them sign it?  Do I have them first fill out an application?  How can I ensure that the person signing the lease has the authority to do so on behalf of the company so that it is legally binding?  

One of my concerns is I don't want to give the company any rights to have anyone else living in the condo other than the guy I rented to.  

Thanks in advance for any help you can offer!