All Forum Posts by: David Breitzmann

Hello friends,

The quick rub is this: Signed a mo. to mo. lease here in SF on 6-15-2010. Rent is very depressed (roommates) at $435 (all inclusive). Beautiful house, backyard with trees and garden. In the Bayview district which is slowly gentrifying (new constructions, professionals moving in, new commercial entities).

We executed a contract which states that if any tenant (there are 3 others - very large house) has more than 3 nuisance disturbances in 90 days they shall be "just cause" for eviction.
[The landlord is the property owner]

As of now; (only one bad apple) roommate has had trespassing guests (entered house through back door at 1am without him being awake); gas stove left on all evening multiple times and general violent/aggressive mannerisms.

She also offered room B (usually $590) for $535, which is a $55 discount. Since this discount was due to the noise disturbance (of the same bad apple) does it matter if it's applied to room A (my current space)? It's within the body of an email (her offer) and unclear how her financial situation is any different if I stay, rather, in room A at the $55 discount.

Filed an Alternative Dispute Resolution motion with the SF rent board. Any other suggestions to move that she perform on her duties to evict (all other tenants have had continuous issues with this apple of which she has been repeatedly informed)?

Financeexaminer,

That's a great strategy - very efficient.

The experts, to whom us new investors should defer, have state numerous times that once the numbers are run submit Highest & Best and that's all. Expect a low "conversion" on properties that meet your business plan ROI.

The short point: The offer process overall should be seen as high volume, not the number of offers on the same property.

(sorry for the duplicate - posted with an old account)

There are both direct and indirect means;

It depends on your need to either have a list generated or don't mind filtering results to create the list.

Direct: Bank websites.

Indirect: Another means is to look up your local tax assessor website. Many will have listings where one can query owner names based on FIRST, LAST.

Instead of entering JOHN in the first search box, enter the name of a bank:

WACHOVIA

In many cases, this will generate the list of all the bank owned properties in your area.

Again, this will be a broad result. One will need to filter the list (location, property type & etc) afterwards.

Cheers,

David

Mike,

It wasn't meant to be derogatory in any means sometimes the truth just isn't pleasant.

Without an understanding of the product there's a high probability that $2,000 will be lost. The lesson may be worth the cost.

The vast majority of comments fall into the same pattern - invest time instead of money.

That you are developing and learning is evidenced by membership on BP,

"Intelligence" comes in as many flavors as we do.

In spirit,

David

Mike,

It is hoped that the learning curve presents many future opportunities.

That said, if the present level requires you to have to ask what a lien is it would seem there is no due diligence that's been done - don't put the cart of debt before the horse.

I say so b/c the word lien is not even specific to RE, it's a fairly common term - not pedantic in the least.

To be to the point;

20% down is important in that it demonstrates an aptitude for long term strategy or planning.

Even learning all the top strategies and etc if anyone skips over budgeting and other important lifestyle questions success will be very difficult.

I'd have to say that self reflection and education should be continuous throughout the lifespan.

In terms of expenses, I tend to frequent coffeehouses so most books were read at no cost (other than time).

Learn the different mechanisms but do not become an imitator. There are enough endless copies of synthetic personalities - be original.

Reid,

It seems, then, that you've answered the question.

If it sits well with you even should it sour - though the lesson learned would be valuable - that's the litmus test.

Be well.

Reid,

It is hoped this will end without the need to move sans notice. My own experience was:

1. Pay rent on 1st
2. Find eviction notice on 15th
3. Move on short notice & incur
expenses
4. File suit in civil court
5. Win judgment
6. Remain unable to collect
(Just received offer from agency to
attempt collection at 30% fee)

If one does continue with the default payments and runs into the above recovery can be lengthy.

What is the cost to break your lease? The question seems to be:

Is this fee more desirable than the uneasiness and fear which shall otherwise colour your personal living space?

Be well,

David