Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Elisabeth Lernhardt

Elisabeth Lernhardt has started 9 posts and replied 48 times.

I was told drug use was one of the few eviction causes even in California. That said it is more complicated: if they have a medical prescription you can not evict them. But you can certainly mandate the use to be outdoors, and I would require a separate deposit for potential odor removal. Recently I had a tenant, who grew the stuff under a grow light in the garage. It stank up the whole house, but they didn't smoke it indoors. The next lease will need to be amended appropriately!

After 20+ years as a landlord, I am baffled by the amount of 'tire' kickers I am getting.  The other thing I noticed is nobody fills out a prescreen. Are people so cash-strapped that they can not afford $40? Or did the Covid eviction wave affect their behavior?

he might get more paranoid if you put up a camera. If you do tell him beforehand that it is for his protection. I would consult law enforcement to make sure he doesn't have firearms.

I just found out about this! It seems Big Brother is cracking down on Small Business! But they can't figure out ElChapo and his crime family walking undisturbed over the border! A very in trusive law, that doesn't accomplish much exept gives this obscure agency a lot of power.

Has anyone on this forum figured out the reporting requirements for this new law? It is for small businesses including real estate LLCs.

https://www.schwab.com/learn/story/corporate-transparency-ac...

Post: Living off rentals

Elisabeth LernhardtPosted
  • Posts 49
  • Votes 39

It is possible for sure. I never set out to do this, just had a hard time letting go of homes, as I needed to move for my job. Timing was my friend, as was location. When I finaly lost my patients with California tenant laws in 2015, I was close to Reno, and that market was still relatively cheap, so I bought 4 properties in a 1032 exchange. I also had a condo in Incline that I rented out, so I could retire in 2018 just on the rents. 

They have not given me an answer. Rent is payed through December 15.23.

Last month I got a call from a tenant, wanting to get out of the lease, because her husband was being relocated to Arizona 2 weeks before Christmas! They had been in the house for 1 1/2 years and had 5 more months on the lease.  After immediately marketing the property, I had 2 applicants for January 1. 2024.  Then the tenant started to complain about the employer, saying he wouldn't cover the move, and they didn't have the deposit money for the new rental home.  Then they wanted me to send an email to the employer explaining they had to break the lease. At this point I got sucked in send the email stating , that they had 5 more months and it would cost a months rent to break the lease. The next thing I get a text from the tenant, accusing me , that I caused him to get fired!

After using Zillow for 8 years, I have not gotten a single lead from this fall. Is it worth paying their listing fee? Are there any other sites to consider? Trulia is also owned by Zillow.

About a month I found that my Allstate left the company! They asigned my 6 policies to another agent in Henderson,that do not answer the phone. Today I found out out Allstate fired  most agents, because they only want to deal with customers online!  When I reached out to another insurance, I found out that they underwrote 4 landlord policies wrong. I also found out that there are 2 claimes  I am liable because of this, and.