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12 November 2014 | 8 replies
I spoke with the agent a few weeks ago when I went to see the house because there was a squatter in it and subsequently I didn't get to see anything above or below the main floor.
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18 March 2015 | 16 replies
Another rental has all new windows, new sliding glass doors and a new skylight. 16 rentals have new paint this year.
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30 September 2015 | 5 replies
They failed me once because the tenant ran cable through a room without securing it against the wall and put a shelf in front of a downstairs window, apparently an access violation even though there is a sliding glass door right next to it, then said they will withhold my rent if tenant doesn't fix it.
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7 June 2017 | 12 replies
All letting her slide on rent shows her, is that you are a softy, and it's a casual landlord relationship.. personally that's not the impression I would ever want someone to think of me!
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19 May 2017 | 25 replies
After talking with him he subsequently put the property on the market.
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8 August 2018 | 34 replies
my rules:1. buy appreciation only when the bellow apply:a. its a 30% rehab (when your contractors quote the rehab for less than 30% of the purchase and subsequently ARV value is going to be 30% higher than purchase price+rehabb.
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14 September 2017 | 5 replies
Think of them on a sliding scale.
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6 June 2018 | 3 replies
However, I see the following on Fannie Mae's website:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer: A transfer of the property to a limited liability company (LLC), provided that:- the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and- the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.What am I missing?
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14 September 2020 | 16 replies
Ballotpedia has a pretty good summation of the vacancy control clause in CA Prop 21, which will be on our ballot in November:Allows rent increases in rent-controlled properties of up to 15 percent over three years at start of new tenancy (above any increase allowed by local ordinance).The actual text of the proposition reads as follows:In any jurisdiction that controls by charter provision, ordinance, or regulation the initial rental rate of a dwelling unit, if the previous tenant has voluntarily vacated, abandoned, or been evicted pursuant to paragraph (2) of Section 1161 of Code of Civil Procedure, the owner of the dwelling or unit shall be permitted to establish the initial rental rate for the vacant or abandoned dwelling or unit provided that the initial rate established pursuant to this subdivision, in combination with any increases in the rental rate during the subsequent three year period, is no greater than 15 percent more than the rental rate in effect for the immediately preceding tenancy.