All Forum Posts by: Paul Chen

Thanks for the info Eric, I also read somewhere that the landlord has to pay for thousands of dollars for their moving cost if the landlord wants the unit back for owner occupy or for some other reasons; when the protected class (certain type?) has been living in the unit for over a number of years.

Thanks for everyone’s helpful inputs. Though I’ve just signed a lease agreement with a 28 y.o. female teacher, am able to relax for a little while now.

Thank you very much Michael; your advises in such depth; they helped a lot. I’m as well considering the old lady, though I’m still concerning about if my house is required to equipped with safety features for senior tenants, such as handle needed installed over bathtub and others that I’m not aware of. And if her health condition gets bad down the road, will the protected class put me into a difficult situation? Although she is the healthiest and sharpest 80 y.o. woman I’ve ever seen.

Thanks for your insights, Peter.

Josh, I’ve laughed at it too when you’d reflected it.

I have 3 prospective tenants for my room rental in a SFR under this slow market (vacant for 4.5 mos): A sex offender when he was 17 but he’s 50 now (he told me about it only after I said I had to run a background check). A mother with a 5 y.o. kid who was quite loud in the background when she called me up about the room. An 80 y.o. lady who seems in good health; no cane needed; good hearing and responds; filled out most of the application (size of print is around 12 point) with her glasses on and an intelligent conversationalist.

If I picked the 80 y.o. lady, what kind of complications will I be running into down the road? Such as my house isn’t equipped for an elder tenant, Protected Tenant Law (over 65?) and… besides the positive side of hers.

Or should I just wait until someone else comes along?

Thanks for your advises.

Paul

A PM has just approached me, they’ll just take 8% off of my monthly rent, a one time setup fee of $350 (filling my vacant property with screening is included) and an additional $18 per month for the guarantee eviction in 21 days which it attracts me the most (just practically had to begged my previous tenant to moved out in order to avoided eviction; one month rent free with his security deposit refunded in full plus some cleaning fees out of my own pocket, knowing he could have had stayed at my place up to 5 months free or even longer if he knows the game). I ask the PM how are they going to guarantee it in only 21 days with the local court backup with eviction cases especially eviction attorneys couldn’t even offered me this for sure alternative in terms of the similar number of days? The PM then told me they’ll have the tenant waive their right in this area when sign the lease agreement. Is that along efficient enough? And can we do this clause on our own? I don’t suppose the eviction attorneys will show us how to draft this bulletproof clause, let along they’ll even draft it for a fee, if it exist at all that is. Because that will cut their income drastically.

Rental competition heavy it is… lot of incentives like 1st month rent free w/ further discount, no security deposit required and many others. Let along those luxury apartments have some really attractive package deals to offer as well.

What motivate those renters to call when they see a For Sale sign; instead of a For Rent sign?

I’ll try listing it in the Rent Section of the MLS too.

Thanks cucaloco

Thanks for the tips for Moreno Valley K, will definitely scope into it carefully.

Paul

Thank you K for your advises,

I’ll look into the Sun newspaper’s rate. Am planning to give the Green Sheet and Pennysaver in prints with Spanish a try tomorrow since they’re free to have for the readers; not sure about the Green Sheet though.

I also live about 50 minutes from S. B. (directly West of it). The rental market was still promising this time of last year; I got good responds from just Craigslist along for this same house.

As for your other creative option, I have the same concert for its negative effect, so I’d just passed the words to my immediate neighbors for someone they might know.

Since it’s tougher to rent the whole house out I thought, I’d also just done tried rented half of the house out and planed to then rent rest of them rooms out individually but ended up with a nightmare; almost needed an eviction for that guy who rented half of it; no rent paid the very first month came (his car got broken into with his ID gone; bank account froze up; it has to be the day right after he wrote me the rent check; after he wrote another check that was postdated 10 days later then the due day prior along with other cover ups), to top off his horrible living condition with my house. Naturally the other half of my plan became hopeless. I weighted the outcomes for the possible pro that he was; didn’t responded to my 3 day notice (acted like as if he'd never gotten one ever since I'd handed to him); he could have dragged the eviction for up to 5 months long rent free by utilized the corrupted legal system (at lease it’s for my case) like I’d read it somewhere (there‘re actually courses out there to walk them through; step by step; days that involved with the court system), in addition to the possible property damages before he finally moves out if he felt like it and the way he’d lived my house that was worse than those homeless who are by the corner of 6th and Maple in Downtown L. A. next to the Greyhound bus station. So I’d swallowed my pride by forgave his half month rent that he’d never paid and offered his security deposit back in full; expressed as that he’s rather the one doing me a big favor to cut me lose; in a baby talk tone; advanced from his refund and rented U-Haul truck and storage for him. I don’t resent these type of tenants; not as much as the corrupted legal system that hooks up with the hefty attorney fee which breeds them to take advantage of the generous time given that favored mostly to the tenants during the process, on top of the court backing up with so many such evictions locally that lengthen it to seems even forever that’s going to take.

I’ve heard Moreno Valley has some good deals going on, are you familiar with its area in terms of employment situation / its rental market? I am contemplating to take a deep cut to sell this one off and hoping I’ll be coming out ahead by buying one further out that way.

Many thanks

Paul

Does anyone knows any other effective advertising medias that can drum up more inquiries for my SFH rental (4 br / 2 ba) in North San Bernardino, CA beside Craigslist, Penneysaver (online only) and Section 8? Not a single phone call in a week…

Many thanks for your advises

Paul

A possible first eviction coming up for me, had served a three day notice myself yesterday for the 10 days late rent with a fictional story for it and some undesirable living conditions. And a 30 day notice to be follows.

Has anyone have good / bad experiences with these so-called eviction expert services that supposedly does it much less than the attorneys? I don’t think I’m allow to mention its commercial name here. May I PM those who has experiences with such services or advice for it? So I can stay out of more lost. I’m in Southern Calif.

Thanks

Paul

Thank you both for the suggestions. Just got a hold of a Farmers underwriter myself; he told me that the tenant’s renter policy is the one to covers dog bite and if I got dragged into the lawsuit by some health appetite attorney and the court orders me to pay, then my Farmers landlord policy’s liability would cover that; it’s then no longer if an issue of dog bites or not, when I asked him even if it was resulted to the nature of dog bites which he couldn’t say yes or no directly but stuck to what he just told me and advised me to consult with an attorney for this specific area concerning (beside any other aspects that I might have missed) which I will since I’m already renting to the tenants who have the Chows.

I realized not to rent to tenant who has dangerous breed is ths ultimate solution, but any other solutions for where I’m at? How about those insurance companies specialized in dangerous breed (I’m sure their premium will be higher)?

Thanks