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All Forum Posts by: D T.

D T. has started 7 posts and replied 15 times.

Post: DST's - are they solid?

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

Thanks Russell, apart from paying gobs of tax, I guess landlords are stuck with DST's or keeping their rentals and the headaches that go with it.

Post: DST's - are they solid?

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

Hi Folds,

I'm considering doing a 1031 into DST's. I know so little about them, other than watching a dozen or so Youtube videos. So I'd love to hear from you folks who've walked down that path and purchased a DST: do you feel comfortable with your investment, would you recommend doing this or should I just keep on landlording (yes, with all the headaches)?

All advice appreciated!!!!

Post: Looking for mom-and-pop washer/drier busines to serve my rentals....

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

Hi folks, 
I've finally been able to get rid of the CSC washer/drier company, one of the worst companies I've ever done business with. My question: Does anyone know of a good business that will install a couple of washers and driers for my rental property, I don't really care if I make any monthly money from it, as long as it sustains itself and I'm not out of pocket.

Thank you all!!!

Post: Forcing a tenant to vacate in California.

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

Thank you Andrew, but I'm not admitting intention to breaking the law. If this is against the law I'll look for another way that is legal to remove my tenant. I'll pass this by my attorney and if there's one inkling of breaking the law then I'll do something else. Thank you for you concern, though. 

Post: Forcing a tenant to vacate in California.

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2
Matt, according to my attorney a major rehab dictates that you put up your tenant in hotel etc., or if they move out you have to offer it back to them at the same rent rate as before. 

Let me swing this one by you: You tell your tenant you're renting the unit out to a family member, and give them a 2-month notice. Then, perhaps a few days later you offer them a free month's rent if they just choose to move out. They have to move out anyway, so how about willfully going and getting free rent or one month's rent cash in hand? The only way it could go against you is if they know you have to have a family member stay for 12 months minimum, so they might ask for considerably more than one month's rent. Just trying to be creative here.....

Post: Forcing a tenant to vacate in California.

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2
I have to agree Chris, I'm sorry you're still in post-Coronavirus blues. With the whole rent-control thing: I wonder if Newsom sold his fancy home in Northern CA would he charge as much as the market would bear, or would he give a substantial break to the next buyer? This guy will become president one day; one of the few people that would do more harm that the current administration.

Post: Forcing a tenant to vacate in California.

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2
Thanks Matt, yes I raise rents every Jan 1st 10% but she'll still be at least $400 under market rent even after this coming Jan 1st. That's the problem.

I wonder if Newsom even realizes how much pain he causes landlords; if the laws were fairly balanced for both tenant and landlord, most people would be happy.

Post: Nuisance Tenant in Duplex

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

I'm so sorry to hear what you're going through; I have a very similar experience, also with a tenant in CA. Have a good look around the property - if there is any damage they have done (even small stuff) you can give them a 3-day notice to get it repaired. If they don't you can evict them. However, it's best to have a long list of issues that need fixing rather than one or two, as that would pull more weight in the courtroom. I'm getting this advice from my attorney; you might want to consider signing up for a company like Legal Shield where for about $45 a month you can call attorneys any time to get advice. I'm even considering having a family member "move in" which will force my tenant out. But the family member has to stay there for 12 months minimum. 

Post: Forcing a tenant to vacate in California.

D T.Posted
  • Real Estate Investor
  • CA
  • Posts 15
  • Votes 2

After much legal advice, I understand I can't force a tenant in CA to leave (no-fault evictions are illegal here) unless they are arrested on the property, stop paying rent, or if you have a family member move in. This tenant is highly problematic, to say the least - calling the city and complaining about all and sundry. I'm really considering having a "family member move in." But, one has to be very careful and actually have a member move in or you can get in trouble if anyone checks. So my question is, how long does that member have to be there until you can resort back to a regular tenant?

All thoughts appreciated!!!!

Thank you for all responses, but please be aware that as much as I'd like her gone, this is california and I can't just end the lease. I very much wish I could. 
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