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All Forum Posts by: Susan O.

Susan O. has started 69 posts and replied 547 times.

Originally posted by @Jeff B.:

1989 SF Earthquake is an example WHY this is necessary.

and this will become just like the one above :sigh:

 Yes but WHO should pay this cost? if mandated

There's too much of this anti gentrification stuff going around, with rent control then they force landlords to spend $100-150k on retrofitting their buildings?

https://mises.org/blog/why-special-interests-sacri...

http://www.msn.com/en-ca/news/other/wynne-liberals...

Post: berkeley rent control

Susan O.Posted
  • Fresno, CA
  • Posts 552
  • Votes 181

Brian you might want to check this out as well about the rent control expansions

http://www.eastbaytimes.com/2017/03/28/alameda-let...

I really like the way Amanda thinks-- looking to take advantage of the majority of tax benefits for us landlords.

Hey does anyone have a kind of How to book on setting up an S corp and or LLC and how to maintain them in California? I was thinking of the Nolo one

Post: Do I need a just cause to give notice to tenant?

Susan O.Posted
  • Fresno, CA
  • Posts 552
  • Votes 181
Originally posted by @Adam London:

I've read that in Oakland you can do an owner move in once every 3 years yourself. Of course there are creative ways to do that especially if you have a partner. But you have to live in the unit for 1 year after at least. @Calvin Kwan I read that for units 3 or less if the owner moves in and there are no "protected tenants" meaning tenants with disabilities and such you can actually increase rents to market rates. I'm still learning about that option. If anyone else knows more about it please share or point to a previous post that does highlight this. 

Side note: I'm looking for a good contractor/handyman for kitchen, flooring, and bathroom updates and instalations in the Oakland area. Please DM me if you have any suggestions. Also looking for a RE Lawyer in the East bay for tenant laws and Owner Move Ins. 

Oakland is really reversing their rennasaince they experienced on the backs of a lot of developers-flipper types, investors etc .

http://www.eastbaytimes.com/2017/03/28/alameda-let...

Originally posted by @Takako Smith:

Hi Daniel,

Wonder which area of OC you are worrying about................

Santa Ana, Garden Grove, even Seal Beach has had discussions.  But Huntington had a lot of discussions and has a few active tenant advocacy groups that are pushing for 'grass roots' renters rights type groups.  They are sponstored by TenantsTogether.org but are manned by student volunteers mainly.

https://mises.org/blog/rent-control-makes-good-pol...

Here's another article I was forwarded about Good Politics vs Bad Economics of Rent Control

AB 1506

http://www.eastbaytimes.com/2017/03/28/alameda-let...

Rent Control Politicians attempting to expand California STATE WIDE

In California they have the AB 1506 going on to massively expand rent control (unless us homeowner/ landlords/ investors stop it)  This is from an LA group

 Another group with rent control -- Universal rent control in mind

Portland Tenants trying to get free room and board

Post: Rent control clarification

Susan O.Posted
  • Fresno, CA
  • Posts 552
  • Votes 181
Originally posted by @Brian Garlington:

@Armand Farr  @Susan O.  @Ryan Scott Isacksen  @Robert Marston

Consult an attorney to verify, but this is whai I found after a few hours research...... the "solution" is simple IF you are willing to do the following

Owner Occupy a FOURPLEX.....in Oakland that you buy..... .not a duplex or triplex.............AND

Rent to Section 8 Tenants........

Helpful Links................In the first line it says Section 8 Tenants are NOT COVERED by the Oakland Rent Control Ordinance

https://www.tobenerlaw.com/oakland-rent-control/

http://www.tenantsunion.org/en/rights/section/subsidized-housing-section-8

In the above it states thatHUD Housing and Section 8 Housing is considered Government Subsidized Housing and is therefore considered EXEMPT from Oakland Rent Adjustment Program!!!!!

Therefore you can can raise rent by up to 10% a year!!!!!!!!!

Now let's say you buy a FOURPLEX......again....not a duplex or triplex, but a Fourplex and you OWNER Occupy it.....it appears you can evict the tenants (and put your own tenants in) if they (have been living there less than 5 years, are not over 60, are not disabled, and are not catastrophically sick.

In section F on page 3 of the following link it states that Just Cause Protection Applies to the following..........

file:///C:/Users/bgarlington/Downloads/OAK036393%20(2).pdf

A rental unit in a residential property that is divided into a maximum of three units, one of which is occupied by the owner of record as his or her principal residence.

Again.....check with your attorney,...but THIS Sounds like Owner Occupying a Fourplex in Oakland AND renting to section 8 tenants is a legal way to raise rents by up to 10% in Oakland AND if you want to NOT deal with inheriting tenants and you want to put your own tenants in your FOURPLEX you can do so. 

Thanks

As long as they don't change it with the AB 1506 ruling next year

http://www.latimes.com/business/la-fi-costa-hawkin...

If you live in California write your local politicians

Post: Los Angeles City Rent Control

Susan O.Posted
  • Fresno, CA
  • Posts 552
  • Votes 181
Originally posted by @Tyler Vance:

And on a side note, rent control is shocking and do not understand how it does not violate the taking clause of the 5th amendment of the constitution. But that's a whole different issue for another day. Thanks in advance! 

 I agree with that Tyler  but also it's bad for economies in long run 

http://www.businessinsider.com/does-rent-control-w...

It actually reduces the housing stock.

They will be voting on increasing rent controls in a year in the state legislature, also on ellis act and are attempting to repeal prop 13 if we don't get active. prop 13

http://www.dailynews.com/opinion/20170407/in-pover...

more on economics of rent control:

http://www.seattletimes.com/opinion/there-is-never...

Any suggestions on "how to" for book keeping for landlords.  You mention in the book to monthly check accounts and book keeping and using quickbooks.  Any suggestions on how to implement it or the set up?