All Forum Posts by: Rongsu Qi

Hi all, 

I'm a new landlord and would appreciate some advice and suggestions. 

I closed a duplex in Florida back in June. At the time of inspection, no mold was found. Now the second month in, one unit reported mold on bathroom wall and very small puddle of water on the floor outside the bathroom.  I've called a mold cleanup company to check it out, and it took the tenant 2 days to respond to the call from the cleanup company and finally set the appointment for the day after (he said he works 7am to sundown). 

My question is, can I charge the tenant for the cost of mold remediation, and how should I go about it? Since it's a result of tenant's negligence in maintenance, and failure to report leaks in time. Unfortunately, the company managing the property before I bought it didn't have tenant sign a mold addendum.  

Thank you so much!

BTW, does anyone know why so many government jobs are being added?

Which source to believe? Perhaps the State of California Employment Development Department is a more credible source?

http://www.labormarketinfo.edd.ca.gov/file/lfmonth...

http://www.labormarketinfo.edd.ca.gov/file/lfmonth...

Hi all,

Thanks so much for the awesome discussion in this thread! 

I'm a newbie thinking of starting house-hacking in the bay area. I've been looking at some duplexes near downtown San Jose and was shocked by the high demand.

Two questions to the more experienced investors here:

1. The announcement of Google campus seems to have sent prices in the area up ~10% in the past three months. Is this area still a good investment opportunity at these levels for house hacking, especially given the consensus that a correction is coming in the next 12-18 months?

2. What do you think the impact of foreign investors (especially Chinese investors) on the bay area RE during this coming recession/correction? I've heard more and more cash buyers from China are seeking safe heaven in the bay area because of the Chinese housing bubble and the 2015/2016 Chinese stock market crash. The thesis following, of course, is that these investors will keep demands and prices high even in a recession/correction.

Would love to hear your thoughts!