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All Forum Posts by: Kyle J.

Kyle J. has started 61 posts and replied 5023 times.

Post: How to receive $$ from family w/o getting taxed?

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Vinh Nguyen Was that actually a gift? Or a loan? They’re treated differently. 

If it was a gift as you say, that’s quite a gift. And Wayne already explained it, but I think if you read the following article it will help clear up any remaining “disconnect”:

Gift Tax Limits: How Much Can You Gift?

Post: Security deposit for prospective tenant question

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Martin Kimmel Definitely not a good sign. Did you properly screen him, check his credit, landlord references, etc? What has his history been like with previous landlords as far as paying rent, and other bills, on time?

One important thing I will say is that you should NOT be taking a personal check for the payment of any initial move-in funds (e.g. first month’s rent, security deposit, etc). That’s a big no-no. 

You should only be accepting guaranteed forms of payment (e.g. cash, money order, cashiers check) at the lease signing, not a personal check that MIGHT be good a few days after it’s presented to you. 

Post: Wow I give up this new format is not working for me

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172
Originally posted by @Scott Trench:

@Jay Hinrichs my understanding is that our product team was aware of your concerns and called you directly for input (and thank you for the nice things you had to say about Mindy!!!)

Could you let me know if you felt that we are on the right track based on your call with the team?

Perhaps it would help if you (or anyone at BP) would jump in and explain what the "track" is that you're headed down? Or what the improvements are that you feel were made (or at least attempted)?

I'm honestly trying to be objective here. I think if someone were to do that, some of us might be able to look at it and say "Oh I can see where that would be helpful."

But as it is, I have to agree with Jay and the others that these changes are not an improvement.  Rather, they take away from the usability of the site and add an unnecessarily level of frustration for some of us who were used navigating the site in a certain way.  I haven't seen a single user make a post praising the changes, but I've seen plenty complaining about them (including some from long-time members, which to me is rather telling).

Just my two cents.

Post: California Moratorium / Lease Agreements

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Robert Zabel  You didn't mention where in CA you're located, so I'll just speak broadly from a statewide perspective. 

To answer your question, there is no state/federal eviction moratorium currently in effect that would prevent you from notifying your tenants that you won't be renewing their leases.

However, if the tenants have resided there over 12 months (and assuming the property is over 15 years old), this would fall under AB1482.  Consequently, if you wanted to get rid of the tenants they would have certain protections under the "just cause" portion of AB1482, and if they ended up staying they would have certain protections against how much you could raise the rent under the "rent cap" portion of AB1482. 

Point is, you really need to understand AB1482.  Here's some more reading on it as a brief introduction: https://cal-rha.org/advocacy/ab-1482/

Post: how do you switch back to the old format this facebook look sucks

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Greg M. just hit on the vast majority of my issues with this latest update.  Is there a way to just screenshot his post and attach it to the survey so I don't have to re-type everything? Lol

Speaking of surveys, maybe next time BP should do a survey/get input BEFORE making all these drastic changes?  Instead of just trying this shotgun approach where you force all these new/unwanted changes and then get all the feedback afterward saying that nobody actually likes them.  

And yes, I know there's been a few surveys done over the years on various things.  But I guarantee no one suggested these changes.  I mean come on...who would seriously say "Hey I think it'd be a great idea to get rid of that handy skip to the last unread post button, I love re-reading 4 pages of previously read posts."  Or "How about we give users a chance to vote on a topic before they've actually read it!"  

Keeping my fingers crossed this is all just temporary...

Post: How do we get back to the old forums?

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172
Originally posted by @Michael Plante:

Just realized the OPs account is closed 


ouch 😜

 He was a long-time member on here.  Sorry to see him go.

Post: Moving out tenant refusing access to potential tenants

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

Her request sounds reasonable to me.  Just wait until she's moved out.  I never show occupied units anyway.  They tend not to show as well as when they're vacant and all freshly painted and cleaned.  Plus, people have a hard time seeing around other people furniture/junk/clutter and envisioning themselves living in a place.  

Post: I purchased my first self-storage facility - and it is glorious!

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Nathan Gesner Nice follow-up after the initial ‘not right now but maybe in 6 months’ response. Most people probably wouldn’t have been so persistent, but your persistence obviously paid off. 

Post: How to contact owner of abandoned property?

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Danni Green  You can usually get owner contact info from your county assessor's office.  You have two cities listed in your profile, so I'm not sure which county you're actually in and referring to.

However, I just did some quick research and here are the county assessor's websites for both of your listed cities where you can run the address and pull up the property owner's name & mailing address:

Lake County Indiana Assessor's parcel search page

Allen County Indiana property records search page

Post: Renting to unmarried (dating) couple

Kyle J.Posted
  • Rental Property Investor
  • Northern, CA
  • Posts 5,116
  • Votes 5,172

@Nicholas Potocki  I assume you're worried because they're not married and might split up and need to break the lease.  For what it's worth, I've had unmarried couples split up, and I've also had married couples split up and break the lease.  So for me personally, that wouldn't really factor in as long as they met all of my screening criteria.

On the other hand, I will say that the attorney mother contacting you and asking you to "help" her daughter would give me pause.  I mean, you're just at the application stage and this woman is already messaging you and asking you to help her daughter?  What does that say about how involved she'll be?  And exactly what type of "help" are you supposed to give her at this point?  

Is this applicant 19 years old or 39 years old?  Maybe if she's 19 and this was her first time renting a place, I'd chalk it up to the mom just being a little over protective, or trying to help her daughter getting started in life, or something like that.  But if she's much older than that, to me that'd be a red flag and an indication that the daughter has lived a life that has required her mom's involvement and help getting bailed out of situations.  

In the end, if you do decide to accept her, I'd make it crystal clear that the daughter and her boyfriend are your tenants, and that's who you'll be dealing with (not the mom).

Good luck with whatever you decide.