All Forum Posts by: Jenifer Levini

If you are willing to come over the hill, we have a meetup in Santa Cruz that always has few people from San Jose:

https://www.meetup.com/Santa-Cruz-Real-Estate-Investor-Meetup/events/242934767/

@Anne Whalen

Hello. Your question about charging tenant for mold is backward with how the law works. You are responsible for keeping your property mold free. Mold is the result of water entry. It can occur when roofs or walls start to leak, or there is under-floor leakage. If there is mold and you dont have it thoroughly cleaned, you have to disclose to all future tenants that this home contains/contained mold. This results in lowered rent and poor tenant quality, because no one wants to live with mold.

If there is some reason you believe that your tenants caused the mold like piles of wet laundry, dogs peeing inside, or watering plants without a way to catch the run-off, then you could seek reimbursement for the damage they caused.

Otherwise, do not mention this mold to them. Find the source of the water leak and fix it. Get the unit thoroughly cleaned, walls & floors replaced, and then the air quality sampled to guarantee the mold spores are below the legal limit.

Hi @Linda Lo

Is this still available? Please Pm me, if so.

Thanks!

@Mindy Jensen

FYI Quick update on the app. I have Iphone version 7 using the latest BP app. The marketplace filters arent there; the tops of the marketplace posts that show price, location and details arent visible; and the local forums section doesnt work.

Thanks,

Jen

There seems to be some interchanging of the words "turn key" and "passive." I thought turn key is when you can buy it while it doesnt need major repairs. A turn key investment isnt a passive investment. For example, a turn key property allows tenants to move in immediately; versus a property that needs repair.

This is the same whether the investment is in the stock market or real estate. Both investments require time to manage. If you want to pay someone else to do the managing you make less profit (or no profit) regardless of whether its funds or REI.

I think the reason that professionals recommend diversifying, is that you cant predict the future. If you can invest in both, then you dont feel as bad when one goes south for a few years.

Ive made money and lost money in both. One of the biggest differences Ive found is that, based on California real estate, if you can hold on through the bad times California real estate always comes back. This isnt the case in stocks or other real estate markets. For example, my investments in Go Pro and Zynga were big losers. Luckily I invested in Google, Netflix & Amazon at the same time. However, if we go to war, that could all disappear too.

Maybe the take-home is that generalization are generally right but specifically wrong.

Thanks @Bill S.

I'm looking at these on my phone app. This isnt showing up.

Is there a wY to filter using the phone app? Am I missing something obvious? Thanks, Jen

Is this in Denver?

Hi Rodney Miller Please call me tomorrow. You'll need to PM me as I can't list contact info in forums. I can help you. Thanks Chris Mason Jen

Hi @Mike Miller, I'm an attorney here in the Bay Area helping investors, buyers & sellers. There are literally hundreds of variations on Real Estate Sale & Purchase Agreements. Anyone who tries to guess how to fill in blank lines without knowing/reading the whole agreement is just stabbing in the dark. This agreement could be specificity for people who are trustees or an entity, or any number of creative variations. If you need help doing an agreement please feel free to contact me. I do them for one low fixed price. Good luck! Jen