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Results (10,000+)
Rhyna Orillaneda CA, Nevada, or Arizona?
22 July 2024 | 24 replies
While the barrier to enter is higher, and you do have to navigate the tenant laws, there is nothing better than long term appreciation in CA.
Tricia O'Brien Fire Insurance Non-Renewed (Safeco) in CA- any chance to fight with change of broker?
20 July 2024 | 0 replies
I've been told that the law requires insurance companies to give  90 days written notice of non-renewal, but if I never received it by US mail from them, do I have a good case that they are out of compliance with that law and need to allow me to switch agents and renew?
Jarrett Harris Start Eviction Process or take Tenant's word
21 July 2024 | 54 replies
Rent is Due on the 1st , On the second we send out N4 Notices as per the law here, after the N4 is served they have 14 days to pay if they pay the N4 is null and void if they do not pay on the 15th day I can start eviction..Eviction takes 30-45 days so why waste time?
Ted Bozoukov Rental Lease form
20 July 2024 | 4 replies
She advised to update my lease and move in/out checklist with recent law changes.
Karolina Powell Questions to ask when touring a multi family
21 July 2024 | 12 replies
Ask about the maintenance history.Units: Visit as many individual units as possible to assess their condition and note any necessary repairs or updates.Structural Issues: Be vigilant about signs of water damage, mold, or pests, which could indicate larger problems.Safety Compliance: Verify that the property meets all local safety and building codes, including fire alarms, extinguishers, and emergency exits.Financial and Operational AspectsRent Roll: Request a detailed rent roll to understand current rents, lease terms, and tenant occupancy.Expenses: Get a breakdown of all operating expenses, including utilities, maintenance, insurance, property management fees, and taxes.Income Verification: Ask for historical income statements (preferably 12 months or more) to verify the revenue.Vacancy Rates: Inquire about the historical and current vacancy rates and how they compare to the market average.Tenant Profile: Understand the tenant mix, including residential versus commercial tenants, lease lengths, and tenant turnover rates.Property Management: Find out if the property is currently managed by a professional management company and if you will retain or replace them.Legal and ComplianceZoning Laws: Ensure the property complies with current zoning laws and inquire about any zoning changes that may affect the property.Rent Control: Determine if the property is subject to rent control or other regulations that could impact income.Permits and Licenses: Check that all necessary permits and licenses are up to date.Value-Add PotentialRenovation Opportunities: Identify areas where you could add value through renovations or upgrades.Rent Increases: Assess the potential for increasing rents based on market rates and property improvements.Additional Income: Explore opportunities for additional income streams, such as laundry facilities, parking fees, or storage rentals.Environmental ConsiderationsEnvironmental Hazards: Check for any environmental issues like asbestos, lead paint, or underground storage tanks.Flood Zones: Verify if the property is in a flood zone and the implications for insurance and risk.Questions to Ask the SellerReason for Selling: Understand the seller’s motivation to gauge the urgency and possible negotiation points.Recent Repairs and Improvements: Ask about any recent capital expenditures and future planned repairs.Tenant Relations: Inquire about the relationship with tenants and any ongoing disputes or issues.Due DiligenceProfessional Inspection: Hire a professional inspector to conduct a thorough examination of the property.Appraisal: Obtain an independent appraisal to verify the property’s market value.Legal Review: Have a real estate attorney review all contracts, leases, and legal documents related to the property.By covering these aspects, you’ll be in a stronger position to make an informed decision about your potential investment.
Sean A Lewis Does my property value increase after adding ADU's, thus allowing me to refi?
21 July 2024 | 11 replies
In CA what you are talking about, is now legally possible, due to the adu laws, which supercede zoning.
David Charles Edwards Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
Just a family guy in law enforcement trying to leave my kids more than i Had.
Leeling Chew Vacating a Noisy Tenant in a Rent By Room Situation
22 July 2024 | 5 replies
The law says you have to let her out of her lease if she feels threatened or experiences violence, but that doesn't mean she gets to stay in a hotel on his dime any time she wants.
Tony Zhang What's the penalty for using VA or FHA loan for non primary residence?
20 July 2024 | 8 replies
Those laws are there because we as tax payers are insuring the loan.
Erik Aybar Seeking to understand why high crime markets are recommended for multi-family
21 July 2024 | 7 replies
On the other hand, it is often impossible to compare crime rates from location to location.We have a property in one community that has a strong focus on law & order.