A Stanford study revealed that over 75% of the ADUs built in San Jose between 2016 and 2020 did not have a permit and are therefore illegal housing units.The lengthy permitting process, high construction costs, and shortage of tradespeople are some of the factors motivating property owners and contractors to take on the risk of building, renting to tenants, and/or housing family & friends in an illegal unit.

And we also need to distinguish between for-profit room rentals and cost-sharing roommates, which is a big can of worms that I don't want to debate.

35-40% is a more standard realistic operating cost. 50% is too high.

What are your daily carrying costs and how long will it take to evict them if they dig in their heels and make you go through the whole process at the end of which you're damn sure not getting a broom swept house anyway?

Opportunity cost is the name of the game, in a fiat system where we create money out of thin air; Money now is more valuable than money in 30 years.

Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.

Do you open an account to escrow your tax costs or is there another way?

Sub-to without our permission increases our risk.

And if the right property is purchased you can recoup the money to pay back loan and any other start up costs to repeat the process.

City council says the bill would not be considered until after the council meeting this month.Rochester’s Housing Quality Task Force expands focus to homeownersIn order to evict a tenant or deny a renewal, landlords would have to prove the tenant did not pay rent and that it did not result from an unreasonable increase in rent, the tenant violated an obligation of the lease, is being a nuisance or doing illegal activity, or unreasonably refusing to give a landlord access, among others.