[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I wrote a long letter detailing my objections to the Bear Stearns bailout to my representative, Brian Bilbray. What did you do about it? (BESIDES bitch on an internet forum?)

[blue_sky]

I’d stick it out.

The key is to protect yourself. You do not want to be forced into a sale / bankruptcy here. This means some things:

1. Try to stay in town. Managing property remotely will increase your costs substantially.

2. Make sure you have a cash cushion.

3. Price your rental slightly low. This may not make sense at first, but here’s why: You CAN’T afford much vacancy or a bad tenant that damages your unit. By pricing slightly low and advertising right (and treating your tenant right) you will be able to select the best tenant you can, which minimizes the risk of: Bounced checks, disappearing tenants, damaged unit, etc. I’ve had all of them. And when you have > 20 units it’s part of life. YOU have all your eggs in one basket, so guard the basket! Good tenants are out there, but they have their choice of rentals and you must compete.

[blue_sky]

I’d stick it out.

The key is to protect yourself. You do not want to be forced into a sale / bankruptcy here. This means some things:

1. Try to stay in town. Managing property remotely will increase your costs substantially.

2. Make sure you have a cash cushion.

3. Price your rental slightly low. This may not make sense at first, but here’s why: You CAN’T afford much vacancy or a bad tenant that damages your unit. By pricing slightly low and advertising right (and treating your tenant right) you will be able to select the best tenant you can, which minimizes the risk of: Bounced checks, disappearing tenants, damaged unit, etc. I’ve had all of them. And when you have > 20 units it’s part of life. YOU have all your eggs in one basket, so guard the basket! Good tenants are out there, but they have their choice of rentals and you must compete.

[blue_sky]

I’d stick it out.

The key is to protect yourself. You do not want to be forced into a sale / bankruptcy here. This means some things:

1. Try to stay in town. Managing property remotely will increase your costs substantially.

2. Make sure you have a cash cushion.

3. Price your rental slightly low. This may not make sense at first, but here’s why: You CAN’T afford much vacancy or a bad tenant that damages your unit. By pricing slightly low and advertising right (and treating your tenant right) you will be able to select the best tenant you can, which minimizes the risk of: Bounced checks, disappearing tenants, damaged unit, etc. I’ve had all of them. And when you have > 20 units it’s part of life. YOU have all your eggs in one basket, so guard the basket! Good tenants are out there, but they have their choice of rentals and you must compete.

[blue_sky]

I’d stick it out.

The key is to protect yourself. You do not want to be forced into a sale / bankruptcy here. This means some things:

1. Try to stay in town. Managing property remotely will increase your costs substantially.

2. Make sure you have a cash cushion.

3. Price your rental slightly low. This may not make sense at first, but here’s why: You CAN’T afford much vacancy or a bad tenant that damages your unit. By pricing slightly low and advertising right (and treating your tenant right) you will be able to select the best tenant you can, which minimizes the risk of: Bounced checks, disappearing tenants, damaged unit, etc. I’ve had all of them. And when you have > 20 units it’s part of life. YOU have all your eggs in one basket, so guard the basket! Good tenants are out there, but they have their choice of rentals and you must compete.

[blue_sky]

I’d stick it out.

The key is to protect yourself. You do not want to be forced into a sale / bankruptcy here. This means some things:

1. Try to stay in town. Managing property remotely will increase your costs substantially.

2. Make sure you have a cash cushion.

3. Price your rental slightly low. This may not make sense at first, but here’s why: You CAN’T afford much vacancy or a bad tenant that damages your unit. By pricing slightly low and advertising right (and treating your tenant right) you will be able to select the best tenant you can, which minimizes the risk of: Bounced checks, disappearing tenants, damaged unit, etc. I’ve had all of them. And when you have > 20 units it’s part of life. YOU have all your eggs in one basket, so guard the basket! Good tenants are out there, but they have their choice of rentals and you must compete.

[blue_sky]

From http://fairhousingoc.org/landlord.html

Q. Is a landlord obligated to make repairs in a rental unit?


A. The California Civil Code, section 1941, makes a landlord responsible for maintaining a rental unit in livable condition, unless the tenant caused the damage.


Q. What is a livable (tenantable) condition?


A. A rental unity is NOT livable if it substantially lacks any of the following:
– Roof, walls and windows that do not leak
– Working plumbing or gas facilities
– Water supply of hot and cold running water connected to a sewage disposal system
– Heating system that works
– Electrical lighting and wiring in working order
– Building and grounds kept clean, sanitary, and free from garbage, rodents, and vermin
– Adequate number of garbage cans or dumpsters in good repair
– Floors, stairways and railing in good repair

While I’m not sure your mice are enough to get over the hurdle of ‘substantially lacking’, you could drop ‘Section 1941 violation’ in your next conversation and see what happens.

[blue_sky]

From http://fairhousingoc.org/landlord.html

Q. Is a landlord obligated to make repairs in a rental unit?


A. The California Civil Code, section 1941, makes a landlord responsible for maintaining a rental unit in livable condition, unless the tenant caused the damage.


Q. What is a livable (tenantable) condition?


A. A rental unity is NOT livable if it substantially lacks any of the following:
– Roof, walls and windows that do not leak
– Working plumbing or gas facilities
– Water supply of hot and cold running water connected to a sewage disposal system
– Heating system that works
– Electrical lighting and wiring in working order
– Building and grounds kept clean, sanitary, and free from garbage, rodents, and vermin
– Adequate number of garbage cans or dumpsters in good repair
– Floors, stairways and railing in good repair

While I’m not sure your mice are enough to get over the hurdle of ‘substantially lacking’, you could drop ‘Section 1941 violation’ in your next conversation and see what happens.

[blue_sky]

From http://fairhousingoc.org/landlord.html

Q. Is a landlord obligated to make repairs in a rental unit?


A. The California Civil Code, section 1941, makes a landlord responsible for maintaining a rental unit in livable condition, unless the tenant caused the damage.


Q. What is a livable (tenantable) condition?


A. A rental unity is NOT livable if it substantially lacks any of the following:
– Roof, walls and windows that do not leak
– Working plumbing or gas facilities
– Water supply of hot and cold running water connected to a sewage disposal system
– Heating system that works
– Electrical lighting and wiring in working order
– Building and grounds kept clean, sanitary, and free from garbage, rodents, and vermin
– Adequate number of garbage cans or dumpsters in good repair
– Floors, stairways and railing in good repair

While I’m not sure your mice are enough to get over the hurdle of ‘substantially lacking’, you could drop ‘Section 1941 violation’ in your next conversation and see what happens.

[blue_sky]

From http://fairhousingoc.org/landlord.html

Q. Is a landlord obligated to make repairs in a rental unit?


A. The California Civil Code, section 1941, makes a landlord responsible for maintaining a rental unit in livable condition, unless the tenant caused the damage.


Q. What is a livable (tenantable) condition?


A. A rental unity is NOT livable if it substantially lacks any of the following:
– Roof, walls and windows that do not leak
– Working plumbing or gas facilities
– Water supply of hot and cold running water connected to a sewage disposal system
– Heating system that works
– Electrical lighting and wiring in working order
– Building and grounds kept clean, sanitary, and free from garbage, rodents, and vermin
– Adequate number of garbage cans or dumpsters in good repair
– Floors, stairways and railing in good repair

While I’m not sure your mice are enough to get over the hurdle of ‘substantially lacking’, you could drop ‘Section 1941 violation’ in your next conversation and see what happens.

[blue_sky]

From http://fairhousingoc.org/landlord.html

Q. Is a landlord obligated to make repairs in a rental unit?


A. The California Civil Code, section 1941, makes a landlord responsible for maintaining a rental unit in livable condition, unless the tenant caused the damage.


Q. What is a livable (tenantable) condition?


A. A rental unity is NOT livable if it substantially lacks any of the following:
– Roof, walls and windows that do not leak
– Working plumbing or gas facilities
– Water supply of hot and cold running water connected to a sewage disposal system
– Heating system that works
– Electrical lighting and wiring in working order
– Building and grounds kept clean, sanitary, and free from garbage, rodents, and vermin
– Adequate number of garbage cans or dumpsters in good repair
– Floors, stairways and railing in good repair

While I’m not sure your mice are enough to get over the hurdle of ‘substantially lacking’, you could drop ‘Section 1941 violation’ in your next conversation and see what happens.

[Author]

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