All Forum Posts by: Kelsey Bailey

Hello @Kenneth Leung - at our management company we do not execute a signed lease prior to all of the SHRA processes being completed. We learned this the hard way many years ago when we waived the inspection one time and moved someone in only to have them damage a bunch of things she knew SHRA would require us to fix because they wanted upgrades. So while it is our policy that we NEVER do this it is allowed and is often times waived for the sake of getting a tenant into the home. 

If you feel so inclined you can handle it yourself and then take it to court - but that will probably be more hassle than it is worth. Just have an understanding of your property line and build your fence on your property and decide what you would like to do after the fact! 

Hello Maria, please feel free to reach out if you need help determining a rental rate. A large portion of our portfolio is in the Elk Grove area. As far as advertising goes online advertising is still the strongest approach along with a yard sign if the neighborhood you are in has a lot of foot traffic. 

Hi Carlos, 

Here is some information for Kentucky: https://www.kyhousing.org/Rental/Documents/Landlord%20Orient...

In regards to the increase you will likely want to stay close to the fair market and not go beyond as you can run into issues with rent reasonableness. 

Hello Carlos - my original response was per California and I'm now seeing your location! Upon reviewing information on your state it seems like the following might be helpful: "Rent Reasonableness Policy Per federal regulation 24 CFR 574.320 (a)(3), HPD will conduct a test to determine if
the rent you are requesting is reasonable. The rent charged for a Section 8 assisted unit must be reasonable in
relation to rents currently being charged for comparable units in the private unassisted market and must not be in
excess of rents currently being charged by the owner for comparable unassisted units. Additional guidance on Rent
Reasonablenessissued by the US Department of Housing & Urban Development (HUD) is also available at:https://
www.hud.gov/program_offices/public_indian_housing/publicatio...
Please Note:
 This Rent Increase Request form must be submitted at least sixty (60) days prior to the effective date of the
rent increase. Late requests may result in a loss of subsidy payment.
 The Participant’s share of the rent does not change unless an updated Rent Breakdown Letter has been
issued by HPD."

@Phil C. You can serve a 60 day notice of lease change for the rent increase and provide it to both the tenant at SHRA - it doesn't require the tenant's signature but you do have to follow up with SHRA until they confirm the approval. Feel free to reach out if you want to chat further. 

@Jeren Wong We service Sacramento, Yolo, Placer, Solano, Napa, and Contra Costa counties. This seems to be ringing true across all markets. We have seen a slow down in vacancy times in our Roseville and Rocklin vacancies. 

@Sai L. Honestly it's taking a month just for the initial servicing to be completed sometimes, and the courts are very backed up with cases so to get in front of a judge could take you a while. You are better off trying to strike a deal with the tenant or putting together some kind of cash for keys offer. It never feels great to do that, but it could produce faster results for you. 

Welcome @John Lindley - You will meet lots of great people here and have access to a lot of information and help! 

Hi Pat, we have a large standing of rentals in Elk Grove so I am familiar with the area. The side you are looking at of course as you mentioned is older so rents can be $100-$300 lower per month dependent on the condition, size, etc. That being said in terms of desirability you can't really go wrong in Elk Grove. ADU's and converted garages however have not become an extremely common practice in this area yet, and in many other areas of Sacramento, so we tend to find it takes a bit longer to fill both units. People can be fairly turned off to the idea of strangers living so nearby especially if yards are shared. Most commonly we see the smaller side/unit fill first and then the main larger home will sit for a while until someone who is comfortable with the setup qualifies. If you have any particular addresses you are looking at I'd be happy to get more specific on rental rates with you.