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All Forum Posts by: Karen F.

Karen F. has started 48 posts and replied 422 times.

Post: Deposit questions for a tenant that moved out.

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

The damage to the floor from the leaking dishwasher sounds serious.  And you're right, if he had notified you of it, you could have had it repaired, and avoided the floor damage.  I would charge him for the repair of the floor, but not of the dishwasher.

Post: Corna virus... should you be worried!?

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

That was probably influenza B, which was widespread across the nation.  

Post: 15 day notice for lease violation in CT

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Oh, boy.  I stupidly broke our rule of not renting to ANYONE who came with an agency's assistance.  NEVER, NEVER AGAIN, I swear.  We're getting paid nicely, but they have created many nuisance violations, overheat the place to 80 degrees by using space heaters, even though there is perfectly adequate and working gas baseboard hot water heat, thus blowing circuits in a 120 yr old multi building, and calling us in the middle of the night to come reset a breaker because they don't have power in part of the unit, for having overloaded the circuit with space heaters.  I tried to explain to them that the space heaters are unsafe, and that there is excellent, and cheaper to use, gas heat.  I bet that they are on one of those programs where they only have to pay a certain amount for electricity all year round, and so they prefer to heat with electricity because it's "all you can eat", rather than with gas, but I don't know.  It's certainly not that the gas heat doesn't get the place warm enough - it most definitely does.

But the crowning joy was that when we went in for another purpose, we found that they had not 5 but 7 children living with them, AND THEY HAD BROUGHT IN GRANDMA, (who is most definitely NOT on the lease) too.  She's  handicapped, uses a walker, is on oxygen, and would have a great deal of difficulty getting out of the building WHEN they set the building on fire with their space heaters.  So, what we thought would be 7 human beings in a 4 bedroom  (a couple and their 5 children) has now turned into ten human beings stuffed  into a 4 bedroom unit, with seven children in two bedrooms.

I can just see this when we get to court - we'll be considered monsters, trying to kick out an old lady with a walker and oxygen.  But she's not on the lease, I seem to remember that they asked at the time of renting whether she could come with them at some distant point in the future, and I specifically said, no way, no how, never, and they still brought her in.  She really belongs in a nursing home, with fire safety and an evacuation plan if there were to be a fire.  I don't think that I can do anything about the two extra children - they're probably children from a previous relationship that they'll claim only visit every other weekend, even though it sure seems that they live there all the time.  But the extra adult there is most definitely a violation of the lease, plus it's not safe for her.  They have an infant, a couple of toddlers, nursery school age, and young school age.  They're using electric heat in an old building with old wiring, overloading circuits, when there is perfectly good gas heat, thus greatly increasing the risk of a fire.  How in the world are they going to get all those children out, plus immobile Grandma, WHEN they cause a fire?

Do you think the judge will rule against us?  It's a clear lease violation, and honestly, I'm thinking of safety, not the extra wear and tear and water usage.

Do you think if I were to ask the fire marshal to come in and speak with them about the fire danger of using the electric space heaters it would help?  The unit just passed inspection.  There are no fire violations there, we are sure.

Do you think that the judge would agree with me that Grandma would be safer in a modern nursing home, than on a second floor (alone - the rest of the family sleeps on the third floor) of a multifamily unit, unable to get down the stairs on her own?

I'm hoping that the Kappa letter will be enough to scare them into getting her into a nursing home, or move her to live with another relative.

Post: 15 day notice for lease violation in CT

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

How does one legally give the 15 day notice to cure for a lease violation in CT?  The violation is that the legal tenants brought in a tenant who is not on the lease, without obtaining our permission.  Is there a specific form?  Do we have to have it served by a marshall?  Or can we just give them a letter telling them to get that person out?

Post: Will corona virus cause property values to go down?

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Short term yes, long term no.  No one is going to be looking to buy during this, but there will be pent up demand after it's all over.  Also, money that's being pulled out of the stock market is looking for somewhere to go - some will seek real estate portfolios.

Post: Corna virus... should you be worried!?

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Yes, depending upon what class of rentals you own.  Ours are C, and I'm very concerned that our working class tenants, who live paycheck to paycheck, won't be able to go to work because of shutdowns and quarantines, and hence won't be able to pay the rent.  We're bracing for it.

Post: Deposit questions for a tenant that moved out.

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Give him back his entire deposit!  He left it broom clean.  I'm assuming he paid February rent.  How was he to know that the dishwasher was leaking in back and damaging the floor under the dishwasher?

Go half on the prep for the next tenant, when he left it broom clean?  Come on!  You want to be that schmuck of a LL who looks for every possible reason to keep the tenant's deposit?  You'll wind up in small claims court, paying damages.

And if he returned the unit, gave you the keys, and gave you a forwarding address, the clock started ticking on that day, not the end of the lease.

Post: Corna virus... should you be worried!?

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

I'm so glad that my summer rental is already rented and all money in, for the entire summer.  It's not a vacation client - it's a corporate client supporting scientific research labs, so I think I'm secure.  I'm more worried about my Class C rentals - if workers get laid off, they won't be able to pay rent almost immediately, since they live paycheck to paycheck.

Post: Class C landlords - better build up some cash reserves

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Once again, a warning.  We're going to have school closures soon here, a big economic slowdown.  Class C landlords, some of your tenants aren't going to be earning anything, won't be able to pay the rent.  Plan for this, build up cash reserves if possible.  If you're leveraged, and dependent upon the rent coming in to pay the mortgage, know that there's going to be a bump in the road and prepare for it.

I think maybe a quarter of our tenants are section 8.  THat's good - that money will come in.  The rest, I'd say at least half are at risk of not earning during a pandemic shut-down.  School bus drivers, school aides, school lunchladies - no money.  I figure that we will carry them along for two to three months even if they cannot pay (those who have been good steady tenants), and when it's over, have them pay 110 percent of their usual rent until they're caught up.  But we own all our buildings free and clear, no mortgages.  We can afford to get by on the Sec 8 tenants alone.  Now, if the government stops paying, that's gonna be another story....

Post: Landlord breaking a lease 6 days before im to move in.

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

If you and the LL have both signed the lease, and you have a copy of it, and you've given him the security deposit and the first month's rent, and you have the receipt for that, then he has to rent it to you.  You've got a legal contract.  Theoretically, if all that has been done, and he doesn't rent you the unit because your brother told him not to, you could sue him in small claims court for the cost of moving your possessions to storage and a hotel room.  And you'd win.

If you don't have a signed lease and/or you haven't given him the deposit and the rent, then you don't have a contract.  Let it go.

But.... considering the relationship between you and your brother, do you really want to move in there?  Clearly, your brother feels that he can interfere in a legal contract that you've made, and the LL also feels that the brother can interfere.  Why would you want to live in a unit that comes with those circumstances? 

I suggest you contact your current LL, ask to stay another month, and find another apartment.