All Forum Posts by: Ryan Roybaul

I was approached by a couple who want to run an assisted living business out of my 3 bed 2 bath. He is an rn and she is a certified caretaker. They were able to secure a loan for 65k to start the business. In socal.

I offered them to rent the place at double market price. They seem to be okay with that but we're still in talks about the deal.

I just got the property back and was getting ready to remodel the baths, floors, kitchen as they are in bad shape. They will probably reno the baths at their cost and I think I'll pick up the tab for the kitchen and floors.

If the deal goes through and works well for them I can lease them another 3bed at a later time.

Should I charge a large deposit(2x rent) as I may have to renovate the bathrooms back to normal after they leave? Maybe include that in the lease?

Is double rent normal? I remember reading it somewhere that I can't seem to find.

I'm thinking a 3-5 year lease? Just a wild guess.

what would a reasonable rent increase look like? I'm guessing slightly below market x2 

any advice, food for thought greatly appreciated!

I contacted a property manager and am waiting for a response, hopefully monday as I'm a little out of my league with this one.

Hey everyone,

I've two quotes for a roof replacement.tear off and re shingle/torch down. 4300sqft

one came in at 18k and the other 17k.

Just wanted to get others opinions on this price before pulling the trigger.

Does anyone have recommendations on roofers in the area?

thanks!

Does anyone have advice on who else I can call? Fair housing council of riverside and others? 

I just got off the phone with the AOA. I was told that I can not send them notice to move at this time. What I can do is have a conversation explaining that I'd like to move back in.  

If they are okay with it they can send me a notice letting me know that they will be moving.

I don't know that I'll invest in ca again. Ab1482 isnt terrible but I'm worried about whats to come in 10,20,30 years. Maybe even in the next few months! 

 Thanks for the reply. Currently going through ab1482 as well as looking for the current covid restrictions. It would be nice to not have to pay the relocation fees. Hopefully thats the case, I'll update here when I get a solid answer.

I own a duplex in CA and I'd like to move back in. Tennant is m2m. I haven't spoken to the tennant or attorneys.

I'd like to give them around 60-90 days.

I think theyd be willing to move if I ask. In the event that they dont want to move I think I have no option but to let them stay due to covid.

I also beleive that theres something in the new law stating I have to do $x ammount in rennovations or pay them 2 months of rent to move.

City of Riverside, CA.

Does this sound about right?

Will continue researching and contact the aoa.

Thanks!

If im not mistaken I think you can evict them all right now if they are m2m, before jan1 which is what im considering. That may be a lot to take on but it's an option.

Lived in my duplex til last month. Inhereted long term tennant at $1350. Raised the rent 15% in june to $1550. Still $250 under market. Was going to raise it 10-13% next june. Moved out last month and rented the 2nd unit so I cant.

i beleive im exempt from the 15% increase because i lived there at the time. I'm considering serving them a 30 day and just getting a new tennant at market before jan1. 

I'm new to this and made the mistake of being the nice guy. Wish i would have raised it to $1600-$1700 on day one. Opinions?

ideally it would be nice if my 15% increase doesn't count towards future increases because it was owner occupied at the time and I could raise it 8% next month because they are m2m. Maybe i need a lawyer 😐.

I'm going to be posting directly to Zillow. I think I'm just going to list it as a house because I think it will get more eyes (hopefully!). Thank you for the input Jill!

Hey everyone, been reading through these posts for a while and I'm finally ready to list my property for rent. It's a 3bd 2ba duplex. I'm unsure whether to list it under the home or apt category. I would imagine listing it under the home category would get me more attention.

Any input? Thanks!