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All Forum Posts by: Susie Bright

Susie Bright has started 2 posts and replied 5 times.

Thanks so much to both of you. Great to know this! 

Hello folks this past Dec 2018, in Los Angeles CA, we found a great deal on a home and we bought it. Then the second week of January 2019 we sold our main home and used that money to pay the one we bought. I was told that we can save 28% or so on capital gain.

Can someone please advise me what we need to do so we don’t have to pay it? We were also told that we only have 6 months, from the time the home was sold, to capitalized on this opportunity.

Thanks so much for any tips!

Suzie

Hello everybody this is the update since my first post and sadly things got even worse for us.

Tenants had told us, is all written in emails, that the home was going to be left in the same great condition they got it 8 years ago. Well it was the opposite. They moved out end of this October (as you read from my first post they gave us noticed October 19th), and early November when we went to check it out we found our home in the worse terrible shape.I even included photos. 

They didnt clean anything and left a bunch of useless stuffs that we had to tossed like a cheap old dryer and a fridge. Lots of junks inside and outside the home. Dirt everywhere, kitchen floor tiles and counter broken (as if someone was in a rage and banged some heavy pots on them), the bathroom vanity was destroyed, the front lawn was green and quite nicely looking yet they let it go dead even when we were paying for the gardener. There are a few things that we are trying to sell but that is not what we care to do or wish to do and it will bring us little money at all. 

Instead of renting it again we decided to sell it and brought in a couple real estate people to get some ideas and it wasn’t great for they told us that our home had been vandalized and needed plenty of fixing which we already knew.

Right now we have a crew working non-stop to repair and fix what needs to be done at a cost of 35K, to get the home back close to how it was, we even had to take a small loan for that. They also owed us two months of rent, $4,000 per month. This is beyond a small claim court.

I noticed some real estate attorneys in here so can anybody tell us of a company or attorney, in Los Angeles County, that can go after this couple? Ironically, we found out that they moved a few blocks nearby and are paying good rent there. We prefer an attorney that can settled with us after we recoup our lost or if there are any company that would do it for a % that works fine too.

We just want to recoup the damage and the lost of income due to their debacle and also report them to any office credit borough so anybody can be aware of this couple and what they did to us doesn’t happen to someone else. Nobody deserves been treated so poorly and without respect when we treated them so well and always took care of all their needs ASAP. We are quite upset and feel powerless. There should be better law for landlords.

Any idea of how we can go after them, besides a small claim court or any companies who deal with this sort of situation? Thanks for any great help! Look at some of the photos. Too many to post in here.

BTW @ Kyle J thanks for this great info and we did call them https://www.rentrecoveryservice.com/ but they want 50% of the settlement. Any other company or attorney that can help us at a lower cost? We also will check with https://www.aoausa.com/secure/mrlandlorddebtreportingservice.html which keeps 38%. We just don’t want to hired two agencies at the same time.

Our huge mistake was not hiring from day one a rental company to manage the property. Wish we had done that but we trusted a friend who knew this couple. Hard lesson learned.

Jack and Kyle,  thanks for your advices. Rent is over 4K per month. After I posted this, I did some research and California law requires a 30 days noticed which we didn't have. Rent is due on the first of each month and they have a grace period until the 10th. Would they had call us if my brother had not reach out to them? It doesn't look that way and any judge can see that too. Since the rent didn't arrive at all we had a couple checks bounced back from a special account we set up for the rental property. They also didn't not give us enough warning to have the home ready to sell or to rent if we wish. Like you said, October is almost gone and here comes November. Kyle thanks for those links we will use it if we need it. 

Hello everybody. My brother and I have a rental home in Los Angeles, CA we inherited from our parents. We had told my tenants first, a young family of one child who had been there for over 7 years, that the home was going to go up for sale in the next few months in case they wanted to make an offer, but that they didn’t have to worry and that we were going to give them two months noticed. All these years we never had any issues with them been late with their payments.

Just 3 days ago my brother phone them to ask if they had talked about it and it they are interested on buying it. They told him that they can’t afford it and that they had been moving out and that more than 80% has been empty out.

My brother told the husband that nobody had given us any noticed at all and that it wasn’t fair since we could had been, either, making plans to sell it and to show it and fixing anything needed. Soon is going to be November. BTW they also had not paid for this month rent at all. It looks as if they were planning to just leave and disappear and instead of paying their due rent they would keep that money as their deposit.

They signed a contract when they moved which it says, they must give us 30 days noticed before moving out. After the 2ndyear we didn’t have any more contracts with them and all rent increase was done via letters or emails. We agree that everything would continue the same as it was on the contract and they agree.

Since we didn’t get any noticed we are now out of rent income for this month and the next one too. Any suggestion?

They signed a contract when they moved which it says, they must give us 30 days noticed before moving out. After the 2ndyear we didn’t have any more contracts with them and all rent increase was done via letters or emails. We agree that everything would continue the same as it was on the contract and they agree.

Since we didn’t get any noticed we are now out of rent income for this month and the next one too. Any suggestion?