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All Forum Posts by: Pranitha Shandi

Pranitha Shandi has started 12 posts and replied 30 times.

Hi,

I am a landlord for a property in Sacramento, CA.

My tenant has been on an year-long lease and nearing the end on their lease here soon.
They have requested to provide them options for renewing for another year, 6 month lease and also for month-to month option. I read that the maximum allowed rent increase is 9%: https://www.cityofsacramento.o...

My question is does the above 9% max allowed increase apply to all options requested by my tenant(i.e. year-long lease converting to month-to-month lease option) that my current tenant is requesting for?

Thanks in advance.

I have a scenario where there is an overlap with (current) outgoing tenant move-out and incoming tenant move-in dates during the middle of Jan 2022.  This happened because the current tenant is leaving a few days early prior to the Lease ending on Jan 31st and is willing to pay the full amount for the remainder of Jan... and I was fortunate to quickly find a tenant who will be moving in before the end of Jan.  

I was able to add a new lease and Payment terms for the incoming Tenant on the Zillow Rental manager but looks like Zillow seems to have removed the terms of the current (outgoing) tenant's payment terms.  Does anyone run into this and be able to figure how to set up both incoming, outgoing tenancy with overlapping dates.  The obvious path is just to collect the last month's payment outside of Zillow for the outgoing tenant.

Appreciate your inputs on this.

I have recently switched from Cozy to Zillow rental manager for accepting payments from my Tenant.  I need to provide my Tenant a credit of $50 against the upcoming Rent.  Cozy had a simple way of adding credit to the upcoming Tenant rent payment (reduces the rent on a one time basis for the upcoming month), but Zillow does not seem to have such an option.  I want to confirm with the forum here if that's correct.  If so, is my choice then only to do offline one-time payments through Zelle/Venmo/Paypal, etc?

Thanks in Advance.

@Aaron Gordy Thanks for your response Aaron.  "If it was intentionally deceptive then you may have a case with open door." -> the seller claims that it was the prior seller disclosure with no official proof/older-disclosure.  The ownership has changed few hands now: Opendoor owned it for few months, Prior owner for 4 years... So the 6 year old roof is the disclosure of 3rd last owner.   If it's from prior seller disclosure, does that mean I, as a buyer, have to take it with a (3rd) previous owner or can't do anything at this stage?

Thanks for your replies.

This is in Austin,TX region where I am told putting 2% as Earnest money (400K * 2% = $8K) is quite common to show the buyer is serious... and also Inspection-waiver clause is something that I have known few friends have done to win an offer.

With the several hail storms over the years in that region, 

@Theresa Harris, @Jaron Walling There are no current leaks, but 3 separate roof contractors have suggested to replace the roof immediately (all of them could be biased)... Also, I am afraid that the insurance would be rejected once they inspect within a 30-60 days of insurance coverage start.  In case you are interested, these are the pics of the roof: Roof-Pics.

@Dan Maciejewski when you say, "file suit to make them settle" -> Can I pursue that even after purchasing the house.  I do plan to go ahead with the purchase even if I have to pay it out of my pocket... The seller (opendoor) does realize this, but I made it clear to the seller that I am approaching an attorney.   

To be explicit, I am content if we settle on a middle ground, say $4k - $5k credit.  Is there an option of "small courts" settlement without going through an Attorney and the appropriate fees?


Need your input/advice with a predicament I am in: I was misled on the property of Roof by the seller, who claims that it was prior owner's time. 

I am currently in contract on a house in the suburbs of Austin, TX. After my offer was accepted, I had a 5-day contract option period for inspections/negotiations: During this time, we could get all inspections done, except for the roof inspection which could NOT be done due to rain/bad weather. Based on the seller's disclosure that the roof was replaced 6-year ago, I took a chance. To our misfortune, the roof which was inspected later by multiple roof inspectors is reported as the original roof from 15 years ago and certainly needs to be replaced right away (a $9K cost). When I reached out to the seller (which is a corporation, Opendoor, that flips houses for profit), they claim that the prior seller disclosed it to them as 6 years old and not negotiating/budging further. They are explicitly saying "We acknowledge that the sellers disclosure states it's approximately 6 years, and it also states that: Seller encourages Buyer to have their own inspections performed and verify all information relating to this property. We can't negotiate repairs after the option period has ended."

If I back out of the property now, I lose the earnest money of $8,000 which is more or less the cost of roof replacement. I want to fight this.
I talked to one attorney who said she needs ~3 hours to research this at $330/hr (essentially $1k total) to tell if I stand a chance against the seller (a corporation). Paying $1K just to get an opinion did not seem worthwhile. I am reaching out to this forum if anyone has been in such a circumstance and if I stand a chance taking this to the court? Any other options?

Addition detail: From the purchase contract: "ACCEPTANCE OF PROPERTY CONDITION: "As Is" means the present condition of the Property with any and all defects and without warranty except for the warranties of title and the warranties in this contract. Buyer's agreement to accept the Property As Is does not preclude Buyer from inspecting the Property, from negotiating repairs or treatments in a subsequent amendment, or from terminating this contract during the Option Period" -> does this essentially protect the Seller from any further negotations.

Is there a maximum monthly pet rent that I can charge in Sacramento, CA.  I want to charge $40 monthly.

I am using Zillow for the first time to create a Lease for a property in Sacramento, CA.

While I like that Zillow pulls a lot of state/county specific laws, I notice that Zillow caps the monthly Pet Rent (pet fee) at $30 maximum.  Has anyone experienced this?

Post: Collecting Rent Online

Pranitha ShandiPosted
  • Homeowner
  • Posts 30
  • Votes 2

@Xavier Hamblin I have been using cozy.co and have been happy with it. Note that it does not (yet) have a mobile app, so only mobile web or desktop web options.

Hello,

As a owner, I have taken over property management from a prior professional property manager. My tenant has just given me a 30 day notice. I want to post the property for prospective tenants. I have the images that my prior property manager took when he previously posted the property a year ago (no copyright printed on the images). Can I use those images now with a disclaimer that they are a year old. Or do I need to get the permission of my previous property manager. Obviously I will update with current images taken by me once my tenants move out

Thanks in advance.

Post: Removal of Pet from the Lease

Pranitha ShandiPosted
  • Homeowner
  • Posts 30
  • Votes 2

Thanks to @Nathan Gesner, @Filipe Pereira, @Jennie Ballard, @Sharlene Mulchandani for all of your inputs

Just closing the loop, I created a form (self-written) if anyone comes to forum for similar purposes