All Forum Posts by: Nicole C.

no as I live in socal and like to be near my properties. If I hear of anything I'll send them your way

You spoke about a good school district neighborhood and quality tenants. Market bound to go up in my opinion with those factors. Are you attempting to raise rents a bit? Perhaps after it is vacant a brrr strategy might work. Properties in great school districts always climb and do well.

*so the tenants think the increase is going toward something I ment sorry typing fast. If you ever want to collaborate on units we are in the valley

Yes correct it maybe 10% I'd speak with a lawyer so you do it correctly. 99 isn't to bad i believe it's correct for the 30 day notice. If you raise perhaps make small improvements do they think it's going towards something i.e. Plants paint building etc

If it's over 6% rental increase it needs to be 60 days I believe. 50.00 is nothing I'm in lake Balboa we raised rents by 300-400 why because if they try to move we are still under market value and we can easily get another tenant. I don't agree with the drastic push of rents but this year is the highest rental increases in la based on comps. My opinion I would raise ever so much every year 50.00 to 100 so it's not so dramatic.

I inspect every 6months and say it's for changing the air filter which we do but we also check for hoarding and overall condition of the property.

If you don't have a gc . You could always pay a few gcs 50-100.00 for the hour to estimate the costs. It only takes about an hr for a quick estimate. That way they all do a good job because they got a few bucks and you can have true estimates because they got a few bucks. Running good comps and having accurate estimates are very important. Some times a few dollars spent upfront saves a lot of money in the long run.

What are the deals maybe we can help you

1031 exchange and upgrade to a better property Sell take all the money and start a real estate business Keep it rehab a bit and raise rents for income Being green can you get you in a lot of trouble your starting on a great site and asking great questions. Listen to the podcasts read read read and everything will be great Good luck

Perhaps have the tenants get renters insurance and your own personal policy aswell