All Forum Posts by: Doug H.

I'm not even sure they still make floor heaters. I've replaced a few with California wall heaters and one with a HVAC system.

Yeah.... Sorry. We always replace floor heaters when they go.

One important thing: The difference between being at market rent vs $100 or $200 below market rent only costs a property manager max $20 per month. Yet the property is much easier to keep rented or re-rent, hence much less work for the property manager. I've taken over a number of buildings where various property managers have habitually kept things below market. I'm sure they try and justify it with a reduction in vacancy expense argument. However, that math doesn't pencil out.

Ned Carey Agreed. Prepaid rent offers are a total red flag.

In San Diego, single family homes can run as high as 10%. Multi-family usually runs 5-8%. Keep in mind, rates and other associated fees are always negotiable, and what you can get depends on the desirability of your business to the property management company. A single family home is not as exciting, so maybe 10% and 1/2 a month's rent as a lease up fee. A 100-unit building is very exciting so, maybe 5% flat fee with no additional charges.

I think the biggest issue is the Resident/Tenant avoiding contact with such intensity. That's really odd, and you need to find out why. The answer could range from neurosis to illegal sublet to who knows what. I would start by posting a notice of inspection in line with local real estate law then go into the unit and see what is up. Odds are, the resident will respond to that in some way. You are allowed reasonable access to repair and maintain the property with due notice.