Hi Kriss, Just a quick shot out for a great video. I have been a landlord for the last 24 years and I was very impressed with your experience, professionalism, knowledge of the real estate industry and efficiency to market your vacancies and deal with prospect tenants. While watching your video I noticed that I do about 80% of how you manage your rental units. Since I own class C properties, I tend to deal directly with the tenants because most of them don’t know how to use apps on their phones, unless they have kids who help them. In any event, just wanted to congratulate you on a very informative video with excellent content, keep up the good work 👍
It’s going to force owners to sell to developers who build condos to sell and take these rental units off the market. The state is shooting its nose off to save their face.
Funny how my landlord decided to filed an eviction for supposedly back rent owe from a yr back an due to his greedy action i found out ive been overcharge by 35% more than required by California law.. renting for 4yrs going on 5 yrs ..an paying rent on time havent violated any agreements at all ..well from renting this home for 1,480 monthly then my landlord a yr later charge me without notice or written form raise my rent to 1,980 an have been struggling but pay my rent. he recently decided to raise my rent to 2,010montly if i dont pay or like i can move wtf . Landlord decided to file for unlawful detainer .i done some research of defening myself an my family because of his greedy self i found out that i also have a civil case against him,and can sue him for overcharging me by 35% instead of less than 10% according by law. Just by doing some calculations i estimated he owes me more than 10k of overcharge rent.🤔
Always hire an attorney when evicting dead beat squatters. Calling someone a tenant or renter implies they are lawfully residing. Landlords should issue a 1099 for unpaid rent.
We went through hell during the pandemic. After I evicted a Covid scammer, I screened really hard and got a very good young man. He will be with us for a few years is my guess. I dread going through the process again.
NEW IDEA: FREE RENT FOR ALL TENANTS: they just have to pay all Mortgage, insurance, property tax, maintenance, insurance, improvements, gardening, legal fees, accounting, and $300 a month management fee.
Although banks don't loose in UK even if they forge the deeds of the property and put in false Account with false arrears.That is the depth of institutional corruption.
I have an issue with california. I have been living here in my apartment for over 8 years and never paid my rent late. The new owner purchased the owner comes in August 2023. In September 2023, i developed a bedbug issue with mold. I had had no heat. The new owner didn't want to do anything? I have children, so i called city. And, environmental health department. In November 2023, the bed bug infestation was worse. We were finally sprayed in November 2023. Then, the new owner asked me to sign a new lease that she wanted me to sign, saying i had no bedbugs or mold, which was active. Mind , taped together, also gave me a breached contract (it was an old one of the old owners, where she crossed out the name and wrote here and added other things in pen. I told her no. I ask asked for my previous lease agreement because the old manager did not give me mine, which I had been asking for over 5 years? Well, the owner gave me a document that was edited, taped together, and forged our names. Also, they were spelled wrong. She also forged ex managers names. I brought it to her attention. She was upset. Now, in January, were sprayed 4 times for infestation and srill had mold. My daughter was affected. Now, here is the other problem in april 2024: a new apartment onsite manager started harassing me and my children. In text messages, in person and the landlord did nothing. Police had been called. Onsite manager was giving unreasonable 24-hour notices and 3 days to quit. A few different times. Fast forward until july. I've been sprayed 4 sprays and 3 heat treatments. Mold barely fixed. I am still being harassed. Landlord allowing. Now, july comes, i was sprayed 2 more times (bedbugs did not start in my unit), and the onsite manager is still harassing me. She lied and tried to get a restraining order on me. I live way in the back, and she is in the front. I mever come out. Now they are trying to evict me, i paid rent in August, and the landlord returned a week later. She has that in her eviction that i didn't pay and claiming i am a nuisance. The judge dropped the case because the onsite manager lied. But the owner wants to use her word as the truth even though i have emails, police reports, ohone calls, and text messages. I sent a cease and desist letter and also a demand letter. It's aug 2024, i have a few bugs, and she is not repairing anything . This stress caused a miscarriage recently. I am highly stressed and my children. I received an illegal eviction today, 17th of August 2024. This isnt even half
The best thing to do is just simply sell your apartment building and invest the proceeds in the stock market where you don't have to worry about low class tenants not paying rent or damaging a building / unit and not paying for those damages plus the profits in the stock market are in most cases far greater than what you can make owning a rental house or apartment building.
What do you do if there is a single tenant living in a small unit and later he or she moves in their whole family or multiple guests that is not listed on the contract?
If a new landlord sees that kind of shenanigans going on. Eg. Getting paid from the old landlord. The new landlord is going to change his mind instantly about renting to idiot.
I have not met one family that made it through the will without SOMEONE being mad. The last few passings left the executor to change the will before passing that if the contest the will they will not receive a thing. It happened in my own family. Too bad Dad went first, Mom was never any good with money - she left her favorite son everything 💔
A death in the family is hard enough, once you add in money that'll strain even the best of relationships. The best you can do is have a clear plan for your heirs. Ideally, you want to communicate that plan before a passing.
Thanks - too late. Right before we admitted Mom to hospice, my youngest brother talked her into changing the will so he would get everything - and he did. He even had the lawyer show up at hospice. ♥️
We've rented this unit out for above market rent. We typically use wall units and we always get above market rents, sometimes we use mini split systems. Converting apartments over to central air hasn't been economical.
I updated the electrical on my whole house (New main panel, subpanel, two car chargers, outlets, switches, dimmable LED lights, etc.) The electrician did a fantastic job. However, he did not get a permit. Should I report the new electrical to the insurance company?
Funny, it never occurs to them that the law about not letting the state force evictions of "gang affiliates" (if that's even definable or provable) is simply to protect people who happen to rent their home, a lot of times, from becoming homeless. Clueless.
Uh, please reread the law - Actually, if the landlord lives on property with one ADU they rent out, they have a loophole / exemption from rent control for the ADU.
Unfortunately you can not given the local rent control rules. You would have to do tenant buyouts. See my video on Tenant Buyouts as the guest on that show specializes in LA
I don't supply a refrigerator to one of my rental properties. Its better that way because I don't have to spend a ton of money on purchasing the appliance and I don't have the upkeep to worry about. In all my leases, I write tenant may use washer and dryer and landlord will not replace or repair units if they break or die.
@@TheApartmentDealer Thanks. I looked up what qualifies as "substantial improvements": California Civil Code § 1946.2(b)(2)(D)(ii). “substantial modification of any structural, electrical, plumbing, or mechanical system that requires a permit from a governmental agency, or the abatement of hazardous materials, including lead-based paint, mold, or asbestos, in accordance with applicable federal, state, and local laws, that cannot be reasonably accomplished in a safe manner with the tenant in place and that requires the tenant to vacate the residential real property for at least 30 days. Cosmetic improvements alone, including painting, decorating, and minor repairs, or other work that can be performed safely without having the residential real property vacated, do not qualify as substantial rehabilitation.”
@@TheApartmentDealer What was the size of the unit? Budget was $47,850 That unit looks like it is 700sqft. Which equates to $68/sqft. Is $68/sqft a good basis to use when estimating the costs to renovate a unit in a multifamily property?
Dude, top notch! Retired Marine here in North County San Diego, now realtor/property manager. Just found your channel. Great stuff! The price tag on that remodel was great! I'm curious to know how you find your contractors. That's one thing I've been struggling with is finding good contractors who care. There's plenty of work to go around.
