All Forum Posts by: Phil Christian

 Every motel owners last name is Patel... just buy the motel.  

Why would you ask a question like this on a real estate board?  No different than when the drug dealers are messing up your own neighborhood... call the cops or go make them disapear on your own. 

That's not an eviction in CA.  Evictions in CA are through the courts and there is a Judge making a legal judgement on the case. 

Serving a 90 Day notice to terminate a month to month tenancy is simply saying "I as a landlord (adult) is not continuing a month to month contract with you Tenant (another adult)". 

There is a huge push by the insane liberal left to change words and their definitions...  

The media, politicians and the leftest activists in California have been pushing the "eviction" narrative for the last few years and they are really ramping up the incorrect use of the word to be a catch all phrase for any lawful ending to a term contract.  It is extremely dishonest and as a LL frustrating.  Sadly, the left is winning this fight over the correct definitions; landlords who know the laws are now using the term eviction incorrectly due to the fact that the narrative is being pushed so heavily by advocate groups. 

Sadly, the left in CA wants all housing to be subsidized for everyone and to control all zoning laws stripping away local zoning authority to give free handouts to all.  The state is going to be left with ulta high end market rate housing and gov. subsidized housing with nothing in the middle. What could go wrong?

On $15M don't be surprised if your capital partners to cut that down to .5%-1%; 1.25-1.5% if they are feeling generous or the deal has a lot of juice. 

There's going to be like 500,000 names.... 

Depends.  Is there a gross up provision in the lease?  Class A & B office leases are structured with a 95% occupancy gross up provision which allows the LL to pass through variable costs to the Tenant as if the project is 95% occupied. 

https://www.mashcole.com/

You might be able to find a better group that is smaller but it will take you a ton of time and energy to do so.  They are a safe bet and located in the city over. 

Save your money and go buy another duplex.  Then take $5,000 and set that aside to buy friendship with local real estate professionals in your market.  Lunch, cocktails, political speaking engagements... 

Lot's of confusion always around what is a turn, upgrade, renovation etc... there is no clear cut definition but different submarkets have different vernacular that is attributed to the amount of work being done in the unit.

In my world, unit turns are make ready's completed by management and upgrades or renovations are completed by a GC.  Minor upgrades are completed by management but see that is now a 4th category... see where I'm going?   

You do, it's the equity split after pref which you stated is 30/70 or 40/60.  Success is just a different way of saying it.  I was trying to make it easy for you to understand if you didn't know about the splits after pref.