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28 September 2021 | 7 replies
If the tenant stays past the term of their lease they would be what’s known as a “Holdover Tenant”.You can research online about how to handle a holdover tenant.You may end up having to evict them and also file a separate suit for damages/cost of not being able to move into your new home - like staying in a hotel or having to put your belongings in storage.Another option could be “Cash for Keys” where you or the current owner agree to give $1,000 (or some other amount) for the tenant to sign a legal agreement stating they will move out by X date.
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29 September 2021 | 2 replies
We recently purchased two 50 room hotels on the same parcel from the bank.
2 October 2021 | 4 replies
I have connections to other oil and gas workers that will pay higher than average rents, which is cheaper than staying in hotels, I would just have to fully furnish the place and have flexible leases.
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2 October 2021 | 10 replies
Pay to get him a hotel room in a far away location.2.
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1 October 2021 | 6 replies
Basically a short term rental is more management intensive (Your essentially in the hotel business) but potentially more profitable.
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1 October 2021 | 4 replies
I'd move her up here but the hotel I'm being housed in doesn't allow pets.Any suggestions or article links would be helpful.
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3 January 2022 | 3 replies
I pulled this list from Oaklands Rent Adjustment Program page.The following are subject to exemptions from Rent Control.Subsidized Housing.Motels, hotels if occupancy not more than 30 days.Hospital, dormitory, extended care facility, etc.Non-profit cooperative owned and occupied by majority of residents.New construction (built after January 1st, 1983)Substantial rehabilitation.3 units or less owner occupied properties.The unit that an owner occupies in any building.Non-profit facility-homeless/substance abuse treatment.Unit in trust for the developmentally disabled.Shared facilities with owner and tenants (bath/kitchen).Costa Hawkins-Single family home or condominium.Vacant unitsLink: https://www.oaklandca.gov/reso...The most notable is the houses built after Jan 1, 1983 exemption.
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3 October 2021 | 0 replies
Anyone invest in hotel development in bay area or buy hotel in miami
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7 October 2021 | 6 replies
You have to have a strategy to prevent these things...and I would think you don't always want to leave that to third party property management, that you want to do that yourself.Probably in most cases if you're just going a few times a year, and you're going in peak season, probably cheaper in the long run to rent hotel rooms or other STR vs buying one if that is your motivation.
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4 October 2021 | 3 replies
There isn't much of a VRBO presence here but theres a few chain hotels and many new apartments going in.