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All Forum Posts by: Peter Mckernan

Peter Mckernan has started 61 posts and replied 2244 times.

Post: A Sellers Bad Cover up

Peter Mckernan
#5 Managing Your Property Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,297
  • Votes 1,147

Hello everyone,

So, I just recently bought a new rental property and this property has two dwellings on the property. The front is a three bed/one bath and the back is a one bed/one bath that is attached to the garage. At the time of purchase and inspection there was a tenant that was leaving in the back portion and has recently moved out, and once she moved out I noticed that there was mold on the drywall in two different areas of the studio. So, I quickly went to my insurance and also had a PM that deals with mold restoration come out to assess the situation, and they both advised me that the mold/damage was old and also showed me that it had obvious signs of pervious fixes with no success.

I am making assumption that this sometimes happens and there is a way to go about the process of recouping the money from the sellers, but I am not sure how to go about it since this is my first time dealing with this type of situation. So far I contacted my real estate agent about the issue and today she will be getting in contact with the seller's real estate agent to let her know what is going on. I have the inspection report that shows some areas that indicated moister and it was covered up by paint, but this wasn't even the worst spots. How hard will be to get money from the sellers and will I ultimately need to get a lawyer involved?

Thanks in advance,

Peter

Post: Renter eviction notice

Peter Mckernan
#5 Managing Your Property Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,297
  • Votes 1,147

Hey @Brandon Turner,

Thanks for the warm welcome and thank you for the new networking possibilities. I have been in contact with an eviction center in the town my rental is in and they are very helpful and informative.

Keep up the good work on the Podcasts!

Post: Renter eviction notice

Peter Mckernan
#5 Managing Your Property Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,297
  • Votes 1,147

Awesome! Thank you for your help!

Post: Renter eviction notice

Peter Mckernan
#5 Managing Your Property Contributor
Posted
  • Residential Real Estate Agent
  • Irvine, CA
  • Posts 2,297
  • Votes 1,147

Hello all,

I have recently signed up for biggerpockets after hearing the podcast a few months ago. I have only been apart of bp for a short time; which means this is my first post. I live and buy in Souther California and had a question about the appropriate time period for an eviction to a renter that I inherited.

I bought a three bed one bath with a back house attached to the garage that was already occupied by a renter since 2009. The renter is on a month to month lease and has always been on a month to month lease. (This is my first home purchase).

I read the California renter laws and it stated unless the city has it's own rental laws, the tenant should be given a 30 day notice when the lease agreement is month to month. I understand that 60 day notice is for a year lease or more. I have not read anything that states I need to give her anymore time than 30 days.

Let me know if you guys have any other information about the California renter laws involving new owners that I am missing. Any information would be helpful!

Thank you,

Peter Mckernan