All Forum Posts by: Peter Mckernan

Hey everyone, I had a quick down and dirty question about evicting tenants. I have a tenant that is in her first month of renting and before she moved in she gave one and a half times the rent for a security deposit; however, it's almost the middle of the month and no payment yet. So, I wanted to know how long someone will wait till a person. Should be evicted? Thanks, Peter

Hey everyone, I have a renter that is about to sign a lease contract; however, there is a dilemma about her getting renters insurance and I wonder if some of the members can throw some thoughts at me. Well, the possible tenant has a home business and has business insurance, which hasn't allowed her thus far to obtain renter's insurance. I have been looking in a few places to see if California requires renter's insurance and I haven't found confirmation on that. Should I require her to get renter's insurance? My gut and findings lead me to believe I should. Let me know what everyone thinks! Thanks, Peter

Hey everyone,

I have a rental house in Redlands, Ca available. 3 bed/1 bath for $1650; which includes water and trash. Please contact me for more information, lease availability, and pictures.

Peter

Cell 714.328.2814

Great! Thank you for your insight.

Hey everyone,

I have been searching for more information on real estate investing on top of my research online and the BP Podcasts. I found a couple REI meetings coming up next week and the week after. The links below are the two I found so far and I wanted to see if anyone can shade some light on these and any other meetings in my area. Thank you for your help!

http://www.meetup.com/ORANGE-COUNTY-FIBI/

http://www.investorsworkshops.com

Thank you,

Peter

Thank you for the insight @j Scott I am hoping for the best; however, I'm being pragmatic about the situation.

Hello everyone,

So, I just recently bought a new rental property and this property has two dwellings on the property. The front is a three bed/one bath and the back is a one bed/one bath that is attached to the garage. At the time of purchase and inspection there was a tenant that was leaving in the back portion and has recently moved out, and once she moved out I noticed that there was mold on the drywall in two different areas of the studio. So, I quickly went to my insurance and also had a PM that deals with mold restoration come out to assess the situation, and they both advised me that the mold/damage was old and also showed me that it had obvious signs of pervious fixes with no success.

I am making assumption that this sometimes happens and there is a way to go about the process of recouping the money from the sellers, but I am not sure how to go about it since this is my first time dealing with this type of situation. So far I contacted my real estate agent about the issue and today she will be getting in contact with the seller's real estate agent to let her know what is going on. I have the inspection report that shows some areas that indicated moister and it was covered up by paint, but this wasn't even the worst spots. How hard will be to get money from the sellers and will I ultimately need to get a lawyer involved?

Thanks in advance,

Peter

Hey @Brandon Turner,

Thanks for the warm welcome and thank you for the new networking possibilities. I have been in contact with an eviction center in the town my rental is in and they are very helpful and informative.

Keep up the good work on the Podcasts!

Awesome! Thank you for your help!

Hello all,

I have recently signed up for biggerpockets after hearing the podcast a few months ago. I have only been apart of bp for a short time; which means this is my first post. I live and buy in Souther California and had a question about the appropriate time period for an eviction to a renter that I inherited.

I bought a three bed one bath with a back house attached to the garage that was already occupied by a renter since 2009. The renter is on a month to month lease and has always been on a month to month lease. (This is my first home purchase).

I read the California renter laws and it stated unless the city has it's own rental laws, the tenant should be given a 30 day notice when the lease agreement is month to month. I understand that 60 day notice is for a year lease or more. I have not read anything that states I need to give her anymore time than 30 days.

Let me know if you guys have any other information about the California renter laws involving new owners that I am missing. Any information would be helpful!

Thank you,

Peter Mckernan