New to Real Estate · Laguna Niguel · Member since 2021 · 10 posts · 4 votes
Hi all,
Situation: Have an accepted offer for a fourplex in San Pedro. Walked the property and its a complete redo outside and inside (mold, water damage, sewer issue, etc). The numbers are tight. The construction project would not start until 12 months from now.
Complication and main concern for backing out: One of the current tenants have lived there for 20 years (over 62 years old) and one is section 8.
Questions:
Can anyone share their experience with evicting tenants in LA county for major renovation (I assume that the current Covid regulations will be lifted 12 months from now)?
Can anyone recommend a good lawyer that I can consult with?
I read that Cash for Keys can be rejected in Los Angeles County, whats your experience with this?
Situation: Have an accepted offer for a fourplex in San Pedro. Walked the property and its a complete redo outside and inside (mold, water damage, sewer issue, etc). The numbers are tight. The construction project would not start until 12 months from now.
Complication and main concern for backing out: One of the current tenants have lived there for 20 years (over 62 years old) and one is section 8.
Questions:
Can anyone share their experience with evicting tenants in LA county for major renovation (I assume that the current Covid regulations will be lifted 12 months from now)?
Can anyone recommend a good lawyer that I can consult with?
I read that Cash for Keys can be rejected in Los Angeles County, whats your experience with this?
Thank you in advance for the help!
Hi Peter, I'm a multifamily investor in LA, and also an attorney (not real estate though). I think it's wise to consult with an attorney, as the approval process around moving out tenants due to habitability issues can be complex. Tenants can say no to standard cash for keys offers any time (like if property had no issues). However, when there are habitability issues, and the city agrees with you, there is a process to get the repairs done.
I know an excellent landlord attorney who might be able to consult on this. He is very involved with the major LA apartment owners association, and advises many sizable landlords. Please feel free to DM me and I'll pass along the information.
Hi Peter. You should speak with attorney Cynthia Juno. She specializes in real estate and landlord/tenant issues. I am happy to connect the two of you.