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All Forum Posts by: Carrie K.

Carrie K. has started 11 posts and replied 98 times.

Post: Eviction moratorium? How about mortgage moratorium?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

Two things:

- If all this talk about "a mortgage moratorium" is going to have any impact, it's going to take people reaching out diplomatically and sympathetically (i.e., in a way that seems deserving of sympathy) to their elected officials, so I'd encourage that.

- I'm not hopeful about it based on the efforts to slow foreclosures during the 2008 era. Banks acted like they were working with the borrower and then boom, foreclosed. Plus, (and maybe today's move by the fed changed things but I don't know), I've been hearing that there is a real lack of liquidity out there so they may resist a suggestion like this. I'd start efforts to get more capital in your reserve fund if you don't have enough to get through this. Refinance maybe?

Just my two cents -- these could be tough times. Buckle up everyone.

Post: Would you rent your house to these freaks?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

I don't allow smoking so many of these would be out, but if I were you, I'd be really cautious about discriminating on the basis of people having illnesses / needing care (disability), having 4 kids (family status), or foreign language ability (ethnicity). I'd be cautious about being sure an animal's service status was fake. (I don't think they're required to be spayed necessarily.) I'd probably rent to #4 and maybe 5-6 if they had a landlord reference that the animal isn't harmful to property. 

Post: Who own apartments in the Bay Area?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

Would love to be part of this, thanks.

Post: Contractor near Oakland CA to build new bathroom?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

I don't know a reliable GC for that size of job (I know some UNreliable ones and one I believe to be reliable who does bigger stuff), but message me if you get to the point where a plumber referral would be helpful. I've been working with someone on and off since 2014, and he hasn't skipped town or flaked on me yet.

Sorry you had to deal with this. I'd do some calculations --

3 days no AC upstairs: 50% of property totally unusable = 3 days * ($5600/30 days in an average month) * .5 = $280

1 day no internet: could not work, had to use 1 vacation day = $300

1 BA not working = 5 percent of square footage = $5600 * .05 * 3.5 = $980

Etc.

Then I'd let myself get negotiated way down, to like $500-1000.

In the future, I'd start asking for the refund closer to the time when it happened. By Week 3 you probably should've been asking about a rent reduction.

Good luck!

Post: Bay Area Investors: Tracy v.s. Stockton v.s. Sacramento?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

Did you look into Manteca? I know a couple of people who live there and like it...

Post: Starting Airbnb Business in Denver CO

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33
Originally posted by @Alex Bockey:

@jamescarlson, thanks for the detailed reply! I'm a bit surprised at what you said, mostly because I'd been assured by others who had more experience that the pr requirement was something where you could show the city a bill to the address with your ID and it wouldn't ever come up again. I suppose that is still mostly in line with what you said, but your detail is a little different than my previous understanding.

I'd expect them to look at where the property tax bill was sent to, as a preliminary screen. 

Post: Pet fees? What do you usually charge

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

$250 deposit, $50/pet/month additional is what we aim for. It depends on the rental market whether we get it. We don't charge for ESAs, as they are not "pets." 

Post: Renting individual rooms of a SFH

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

Our attorney told us that renting over five rooms (under some circumstances) qualifies as a boarding house. Might be something to watch out for if your house is really big.

Post: Agent Struggles - Friends Using Other Agents - Advice?

Carrie K.Posted
  • Investor
  • Sacramento, CA
  • Posts 104
  • Votes 33

Your friends are wise not to mix business and friendship. A person can always find a new agent if things aren't going well, but if doing so could damage the friendship, they're in an awkward spot. View their decision as them saying "I value you too much as a friend to risk our friendship over this." My two cents anyway.