All Forum Posts by: Ron Drake

@Robert Adams I was actually testing your investigative skills Lol. I don't blame you for not trying though, takes time away from money making activities. I might hit you up later though. Thanks

I am actually still on the fence, may just keep it longer, or sell it to one of those yellow letters I am getting haha. I actually think prices in Las Vegas will continue to rise. Maybe not as much this year but maybe next. I don't see my house going back to 2006-2007 prices anytime soon, but $300,000-$325,000 would be nice. The FHA loan limit is hurting values rising to the point of not being undervalued but with Fannie and Freddie rolling out their new 3% programs we will have to wait and see.

Love the Lambo Mark. 

I am with you, against the grain. 2008 Dodge Viper 600 HP

Maybe it's the film crew that tips the employees off lol.

@Robert Adams I have a pretty good idea what it is worth. 2400 sq ft, 3 car garage, built 2002. I'm thinking $260-$280k. Zip is 89148. Thanks for the offer you can look for me if you have time.

Yep, everybody likes a good deal, even renters. It was always amazing to me that other houses would advertise for 1400-1500/ month and just sit on the market. I rented mine for $1350 and was never vacant more than a few weeks.

@Andy Chu Guess we will see what the spring holds. May have to upgrade mine a bit. It is 2002 base model formica lol. Thanks for the report.

Seems like property values are still going up. What do you Guys with your boots on the ground see happening this year? Seems like most analysts are predicting anywhere from 4-10% appreciation. When do you see Las Vegas as not being undervalued anymore?

I own a house in the Southwest that I bought in 2002 that I am considering selling this year. May 1031 exchange, may just sell it. 

@Oscar Toledo  Sound like you covered everything.

I would add one thing. Make sure you know the size and height of the sign. It would be a bummer if you thought they were puting up a 4'x8' sign and they errected a 14'x48' 

I know you said you got an artist rendering, just thought I would mention just in case.

@Jade Wong I served the 90 Day notice myself. You have to also give the housing specialist a copy of whatever notice you decide to serve. If you were to have an attorney help you with this, I recommend Kimball Tirey & St John. They have an office in San Francisco.

@Bradley Bogdan since you are in California and may run into this in the future, I suggest you read this out of the California / Tenant Handbook at http://www.dca.ca.gov/publications/landlordbook/catenant.pdf

Suppose that you are a tenant who participates in the Section 8 housing voucher program. While the lease is in effect, the landlord must have good cause to terminate (end) the tenancy. Examples of good cause include serious or repeated violations of the lease, or criminal activity that threatens the health or safety of other residents.207 However, incidents of domestic violence may not be used as a violation by the victim or threatened victim as good cause for the landlord to terminate the tenancy, occupancy rights or assistance of the victim.208 The landlord must give the tenant a three-day or 30-day or 60-day notice of termination under California law (see pages 67–69), and both the landlord and the tenant must give the public housing agency a copy of the notice.209 What if the landlord simply decides not to renew the lease, or decides to terminate the HAP (housing assistance payment) contract? In this case, the landlord must give the tenant 90 days’ advance written notice of the termination date.210 If the tenant doesn’t move out by the end of the 90 days, the landlord must follow California law to evict the tenant.21

@Jade Wong Section 8 Leases (in San Diego) revert to month to month after the first 1 year lease renewal. If you read your lease it will spell out exactly how much notice your tenant needs to give you (30 days) but will probably not spell out how much time you need to give them, as was my case. 

I want to sell my unit so after a lot of discussion and searching found out that a landlord in California must give a section 8 tenant 90 days notice. You can look this up by going to ca.gov and looking in the tenant landlord handbook and also by looking up Ca civil code 1954.535.

In your case I would start eviction based on late payment of rent and you only need to give a 3 day notice for that. Just be very careful in everything you do because the housing authority will recommend legal aid, so just make sure you don't do anything that could be considered retaliatory.

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