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All Forum Posts by: Mike Franco

Mike Franco has started 41 posts and replied 547 times.

Originally posted by Joel Owens:
Lesson I learned on that one is you have to control the area around you.
.

How would you do that if other homeowners don't care?

Post: Tenant Request for Compensation

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

I googled flying ceiling fan blades, and it seems not uncommon.

In one case, there was enough force to put a dent in a wall.

But a bank statement has as much identity as a personal check- mailing address and account number.
and you can't walk up to any bank and withdraw money with that little information.

The biggest source of identity info is on the credit report, which most people seem to have no issue handing over.

I've requested my own official IRS tax return receipt, and it shows all the pertinent info you need. The request is painless, but takes a week to receive.

Tax returns don't tell you how much they have saved. They could earn 50k, and spend 45k.

Many stricter LLs around here ask for bank statements.
Some applicants balk at the idea, as if they have something to hide.

I had one looky loo who didn't want to apply because I asked for the 2 most recent bank statements. He said the statements were "personal".
Oh well, your loss.

Post: Tenant Request for Compensation

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

You don't have to pay squat if it wasn't the result of negligence.

This is what they call a latent defect. It was fine when she moved in.

http://www.dre.ca.gov/files/pdf/refbook/ref09.pdf
page 139

You should tell her to sue the ceiling fan manufacturer.

Post: My latest tenant screw-up.

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

ahh, you jumped the gun before securing the next tenant.
Facepalm move

Post: Too much interest on my home?

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

Trust me, you don't want to spend 15 hours showing it to 30 people. You will be tired and bored to death.

Most people want to see the house NOW, and the only way you can do that is to show it on a convenient day (weekend) to everyone. Not spread it out over weekdays.
I have lost many potential tenants because I was not quick to show my rental. They said they already found something else.

Post: Too much interest on my home?

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

Haha. Do the open house.
Don't tell them it's an open house though.
Just tell 15 of them to come at a specific time, and the other 15 can come 45 minutes later.

Of those 35, only 10 will show up.
But at least you won't have to waste your whole day.

I wonder how this scum got pro bono representation.

How do you handle a court case? You don't. That's what your attorney is for. You give all your evidence to your attorney, and let him talk.
Any half decent eviction attorney should be able to win this case.

Have any of the neighboring homeowners complained to you about the tenant?
My neighbors always made sure to tell me whenever my former tenant made even a squeak.

intra-bank transfers are instant.

My tenant uses bank of america, I use B of A. They can send me money instantly.