All Forum Posts by: Brian Larson

@Kent Baltare - Thanks for the recommendation.  Have you used their services on any of your projects? I have real estate clients that might be interested but I am doing a ground-up 2-story building project because I want to keep my garage.

@Eric Nimmo - absolutely. There are markets like San Jose that are actively encouraging ADU construction as a solution to the housing shortage. It is a win, win, win. The local jurisdiction gets the housing supply, the homeowner gets income, and a tenant gets a good rental rate (generally ADUs are more affordable than the regular market).

@Eric Nimmo - Good thought on the ADU. I think this will be a key for getting many more people into California Real Estate Market in the coming decade.

@Pavan Sandhu - 3.7% interest on a fixed 30 year can’t be beat right now.

Your recommendation might make sense when I finish the ADU project but I'll have to wait and see.

I'm using a HELOC for my project here I n downtown SJ. It made the most sense since I have such a ridiculous low mortgage rate right now.

ADU all the way. The numbers make way more sense from a cashflow and ROI standpoint.

Plus, depending on where you live in the Bay, there will be more opportunity for appreciation in the future.

I am building an ADU in downtown SJ. I considered buying a SFR rental in Sacramento with my HELOC but it just makes no clear sense financially. I think I am way better positioned with an ADU here.

Most leases have no fault clauses that cover natural disasters and other acts of god. It is unlikely that a landlord has any liability if they have a solid lease written.

@Nathan G. Is spot on. Your lease should cover this contingency. It would be treated as a holdover. Your leverage is charging them a large rent per day and, if needed, eviction.

I would advise talking to the tenant. Inform them, in writing, of the issues and consequences for their extended stay. Good luck.

@Jackylyn Monsdat

Try talking to a few ADU consultants like https://maxablespace.com or https://www.hausable.com

Talk to an attorney and work with them to file a claim with your title insurance company