All Forum Posts by: Elisabeth Lernhardt

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...

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.

great law, I will suggest this to my state senator.

I agree and I don't live in CA, but in NV. But CA is always the trendsetter for the rest of the country.

So is the propane stove ban also a political stunt? And why is California mandating it? 

After the Covid rent debacle involving CDC and the Supreme Court, here is the next shoe to drop: Federal Rent control. Some states are still holding landlords hostage, by not allowing rent enforcement, eg California. Here in Nevada, the Democratic Assembly leader mentioned the coming avalanche of rent defaults, A crisis of their own making, as I opine. The Communist part of the Democratic party has finally realized the end effect of not paying your rent, and they have a solution. As always to the detriment of everyone. The fact, that it is not in the jurisdiction of the Federal Government to get involved, is simply brushed away. Having traveled to Eastern Germany, I have seen what public housing under a Communist regime looks like, and I want no part of it.  A more recent example from Berlin, Germany gives an excellent historical view.  Many multifamily housing projects were built there 100+ years ago. Of course, the standards were much lower, and with minimal upkeep, they deteriorated so much, that they were sold to private developers 3 decades ago. They rehabbed and improved the buildings and made them attractive to renters. 2 years ago the Berlin State voters approved forcefully taking the private property and making it public housing again, managed by the same types of bureaucrats, that ran it into the ground to start with! I much hope we are not going to permit the same folly. Call, write bug your congressman and senator.