All Forum Posts by: Sam Shueh

In many states tenants are still being protected from Covid, some are reluctant to seek employments using tenant protection as reason. They get rent for free, utilities and food aid. If employed, it is cash or unreported. Some of them have not paid full rent since 2020. One west coast county with 10.1m population mandate it will be 2023 before court will review eviction cases.  

Multifamily means you have high probability dealing with these people. 

County recorders office or title company on liens.

The replacement anywhere in CA is going to be expensive.  What is the insurance cost a year?

Probably the salt material. Even they cleared and few will.  By the time you are ready to put it on the market you got the same thing again.    

You bet. They want at least all new appliances including wash machine and drier. They carry more weight than no appliances provided.

If I recall correctly 3 plex is not considered a multi family which requires a commercial mortgage. So just call your lender.

Talk to your CPA. If you are buying a lower priced investment property it is likely you will swallow some capital gain tax. It is sometimes talk to your CPA asking a min price if you want to defer the gain until sell of next property.

In CA most tenants have their own appliances.  Most appliances made these years are crap. They die after 2-3 years. Some landlord buys home warranty or extended warranty if provided.   

You as new landlord should keep the place safe. I will buy the programmable combination lock put in place so you can change the combo as needed. 

That is about right. MY CPA reports even less than that.  Not much passive losses in residential rentals.