All Forum Posts by: Kalpesh Kamdar

@Michael Na - which new property in EG and RC are you exploring. can you share the builders name ? 

@Prachi Metha - I live in Dublin and have a few investments in Sacramento, please PM me and I am happy to help. 

THanks @Carson Wilcox and @Jack I. for the inputs, very helpful

Thank you @Steve Smithy , @Colleen F. , @Andrew B. . I will research the state law further. This was a question for a property in california.

Hi Everyone - 

Hoping to get a point of view. 

I have a tenant since the last 10 months in a brand new home I purchased as investment and I have visited them a couple of times to make sure they are maintaining the home. Overall the tenants has a stable job, great credit score, has been been paying before time and very responsive. Never missed a payment.

Inspite of letting them know a few times, the home tidiness is what worries me a lot which might be primarily because her hands seems to be full with 3 toddlers and a job. I see that the carpets cleaning is being ignored, there are many stains all over, the paint on the walls are starting to wear with kids marking and drawing several places. 

This leads me to believe that if and when she moves out, I will have to replace the carpet completely and also repaint the interior walls. The security deposit will not cover even 50% of that expense. 

The tenant wants to renew the lease for another 1 year. Now my questions is: CAN I ask ANOTHER (2nd) SECURITY DEPOSIT when I renew ? That way, I know that the expenses to fix the carpet and walls will be covered for. 

Is it legal to ask for another security deposit at renewal ? 

Can you recommend for RE agent and Property Mgmt co. in Merced ?

I have contacted a potential RE agent in natomas who has sold several invested properties in the last 6 months. I m talking to him tomorrow. Are there any specific questions you guys want it to cover

@Hugo Luna @Kumar Gaurav @Ramki D.