Sunil Kale
Missed 11 month warranty - no communication from tenant
16 December 2024 | 19 replies
Just provide notice that the inspection will occur on X date at X time and and then send the inspectors in.
Martti Eckert
Long Distance BRRRR in Ohio
8 January 2025 | 20 replies
Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
I guess we will find out when the implementation of the new law occurs and then is tested in court.Nevertheless, written documentation will be your friend.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
Nicholas Stout
Landlord getting into section 8 rentals. Any Tips?
9 January 2025 | 17 replies
Lesson: Keep a nice house and inspect before the inspector.Inspections then occur annually and you don't get paid if your property fails until you pass again.
Femi Alakija
Looking forward to connecting and grow
17 December 2024 | 11 replies
Focus on properties that align with your criteria—whether it's cash flow, equity potential, or location—and stay consistent, even when setbacks occur.
Armando Carrera
FHA House hacking risks?
18 December 2024 | 9 replies
(I am not a lawyer so none of this is legal advice but have seen similar situations occur).
James Wise
Failed Leadership is why California is on fire.
14 January 2025 | 79 replies
Sure, but the reclamation and redevelopment as defensible condos and apartments -- complete with less urban sprawl -- can occur faster than you think.
Ke Nan Wang
6 Bedroom 5 Bath Multi Generation Co-living New Construction Investment Project
15 December 2024 | 2 replies
However, a surprise occurred with title that drove up our acquisition cost to almost $120k.
Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
If this is a rare mistake or if this type of mistake regularly occurs.
John Reagan Johnson
Switched to a Property Manager
18 December 2024 | 7 replies
Any issues that occur with the property can easily be solved with the property manager working nearby.