Shi’ara Collins-Daniels
New landlord. Has been a complete nightmare.
10 January 2024 | 15 replies
My tenant and his girlfriend and her children live there.
Jon Huber
Quadplex or four SFHs?
7 August 2014 | 17 replies
And a looser criminal criteria if you choose to (level 1 sex offender or domestic violence, for example).
Bethany Tran
What state should we consider buying properties now at the budget around 350k-450k?
16 May 2023 | 31 replies
This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities.
Brandon Foster
North County San Diego, New Laws Regarding Rentals
16 January 2024 | 3 replies
I would love to know what everyone thinks of these.No-fault eviction rules will change for owner move-ins and remodels under Senate Bill 567, effective April 1, 2024.The California Tenant Protection Act of 2019 has been amended.Starting April 2024, more information is needed for a homeowner to end tenancy for moving or major remodel.To reclaim as owner-occupier, move in within 90 days of residents moving out.You must stay in the home for 12 months before it can be rented out again.The homeowner's close family must also follow this rule.Family members (spouse, parents, children, grandchildren), names, and relationships must be disclosed in the termination notice, following the same rules.Having occupied a rental unit on the property or a similar unit elsewhere does not qualify as grounds for lease termination.For remodels, owners of rental homes must provide more details of planned work, including copies of permits or signed contracts.If the work isn't completed, you must legally contact former tenants and offer the opportunity to move back in, so make sure to get a forwarding address when remodeling your rental home.Starting July 1, 2024, security deposits will be capped at one month's rent.Previous laws allowed 3 months' rent to be collected as a bond, in addition to the first month paid before moving in.With rising rents, move-in costs were becoming unaffordable for renters, especially for furnished properties.Moving forward, for a monthly rent of $2,500, the move-in cost will be capped at $5,000, including the security deposit and the first month's rent.This cap applies to both furnished and unfurnished homes.No need to return the difference if you already have a large security deposit of more than one month's rent.You can keep this amount even if it exceeds the new caps, until July 1, 2024.Homeowners will have increased protection against illegal occupancy with the implementation of Senate Bill 602, effective January 1, 2024.Trespassing and squatting pose genuine concerns to homeowners with empty properties.Starting in 2024, homeowners can notify the police about their vacant property, authorizing them to evict any trespasser who tries to live there or falsely claims to be a legal resident.This notice used to be valid for just 30 days.The amendment to SB 602 extends trespass letter validity to 12 months and allows electronic submission.A valid letter allows homeowners to avoid court eviction for illegal occupants.New laws to prevent credit history discrimination were introduced (Senate Bill 267) on January 1, 2024.Update your tenant screening process accordingly.If an applicant receives a government rental subsidy, you must reconsider how you evaluate their credit history and rental application.To prevent discrimination, changes to SB 267 prohibit landlords from relying on credit history unless the applicant has the opportunity to present alternative proof of their ability to pay their share of the rent.You must allow sufficient time for tenants to provide benefit statements, pay records, or bank statements.Consider this information instead of their credit history when deciding on lease agreement offers.
Allen L.
STR strategy questions
5 July 2022 | 11 replies
I'm looking to add some features to the backyard to make the property more attractive as vacation rental. 1. fire pit2. outdoor sauna3. children's playgroundI'm looking to add all of these things, however what happens if someone slips on the playground?
Joseph F.
Paint? Light Bulbs? Batteries?
20 July 2014 | 9 replies
Those get moved around and played with by children, and that is not a good thing as it defeats the purpose.
Jason Walkowicz
Tenant Screening
24 November 2013 | 19 replies
You can also access the sex offender registry for free.
Jenny Nguyen
Bathtub cracks and needs repair
17 January 2013 | 5 replies
She blamed her children get sick recently.
Darren Wendroff
Purchasing Rental in Detroit, advice?
29 May 2018 | 31 replies
That was on Ardmore in the neighboring 48227 zip code.I also know people who have bought up entire blocks and have made tons of money actively managing their investments.I do live in Rochester because I want good schools for my children - something Detroit does not offer.
John Milone
Countries allowing foreign nationals to own, freehold property
22 August 2018 | 1 reply
I want property I can pass down to my children.