[Coronita]

With my old house that was also under a HOA, yes technically you were only allowed to paint your exterior with one of the color schemes in the community. And if you wanted to change your color scheme (like I wanted to), yes, you did need to submit the color scheme you wanted to the hoa board along with a letter with all your neighbors signing saying they know about your change (they don’t have to agree to it, but at least they would know about the plan and could file grievances)…

That said, my HOA was really loose, and they never really enforced it. I know a bunch of houses that just ended up painting whatever the hell they wanted and no one in the neigbhorhood cared (or if they did, they didnt try to pull a Karen and give anyone a hard time)

Sounds to me you have an anal retentive neighbor that happens to also be on the hoa board. I’m sorry. What is the name of your HOA if you don’t mind me asking?

[Coronita]

[quote=sunny88][quote=sdrealtor]How many in Sky ranch?[/quote]

None. Most of them in Mira Mesa and Scripps Ranch.[/quote]

Good for you. That’s awesome.

[Coronita]

[quote=svelte][quote=42nate1]
Zillow is wonderful. It does the applications, credit check, background check & collects rent. I do chose my tenants carefully.
[/quote]

Wow so Zillow may be an even better tool for renters/landlords than buyers/sellers. I didn’t know that![/quote]

it’s way better than Craigslist

[Coronita]

[quote=42nate1]I’ve replaced 3 tenants in the last 12 months.

-had to file an eviction & tenant left in January & new tenant moved in early February before COVID. No rent price change. Did lose a month rent & some damage. Very lucky to get that tenant out just before COVID.

-tenant got divorced. Moved out in March. I had a huge volume of interest during COVID and was able to increased rent $200. Surprisingly very easy.

-Tenant lost job due to COVID & left San Diego in August. I listed on Zillow after he gave notice. Received maybe 50-60 inquiries within days, and 12 applications without any tours. Tenant left on Tuesday, cleaned Wednesday, and new tenant moved in on Thursday. This was a long-term tenant & I increased rent $600.

Lack of adequate supply in SD means demand is strong. We were really unsure how long the house would be vacant with the divorced tenant.

Zillow is wonderful. It does the applications, credit check, background check & collects rent. I do chose my tenants carefully.

All tenants have paid every month during COVID.
We will see what the fall/winter brings as we move into traditional flu season.[/quote]

So even with adversity, most tenants were not an asshole about things during covid, despite what some politicians paint the picture to be. My faith in Americans has been restored.

[Coronita]

[quote=ltsddd][quote=Escoguy]So far, every time I have one open up, I have a strong qualified tenant with a good solid job come in within days. I may have to make a minor compromise and allow a dog but we know how to deal with that.
[/quote]

Escoguy,
Do you manage the rentals or do you use an agent? What do you think a 5/3 @3500sf SFH in 4S would go for? Thanks.

BTW., my 4/2s in MM are rented out so cheap (at 2300 or less) that I don’t think the tenants would want to prove that they are the bigger idiots than the landlord (me) by making a fuss about payments.[/quote]

4/2 in Mira Mesa is ridiculously cheap. I have a 2/1 and it’s close to $2k lol.

So.. no massive rent strike to speak of. I think this was probably exaggerated in as much people who took forbearances. st least here in SD.

[Coronita]

Plenty of people are doing fine without being given a silver spoon , a far more impressive feat. I mean as the saying goes the best way to make $1million is to be given $990,0000 first hardly impressive or a challenge…how many toys can you possibly get before one wakes up and realize it’s a big game and a big joke…Far better people who started with a lot less making a much bigger impact on this world. Elon Musk is awesome.What a remarkable accomplished person…..and the great thing about this country . Rich or poor, eventually everyone ends up the same way … Dead….

[Coronita]

So basically , despite the fear of a rent strike, no one here so far has had to deal with a non paying tenant.

That or folks that have don’t want to talk about it

[Coronita]

So far, all 4 properties here have made full rent payments.

3 condos are under $2000/month.
1 sfh@ $4300/month

knock on wood

[Coronita]

have you had any tenants not pay you during covid?

Just curious.

anyone have any tenants not pay full amount? Also curious

[Coronita]

Every so often, Volkswagen Audi Group designs an otherwise decent car that is very advance. But then rather than dot their i’s and cross their t’s, at the last 1% of the car, they decide to save a few dollars and do something totally cheap-ass that makes anyone scratch their head.

I can more readily understand if they did this on a Volkswagen Jetta. But an Audi S6? I mean, I dont know, If I was going sell a $80k car, I wouldn’t try to save a few pennies and put in a fake exhaust tip rather than have a real exhaust that exits the back. Or better yet, just don’t design a bumper with an exhaust opening in the back.

Typical VAG. That’s why friends don’t let friends buy a Volkswagen product.

[Coronita]

[quote=ltsddd]Margin Calls….Wait for it.[/quote]

funny I was just thinking the same thing.

The stock market is so easy to make money in…until it isn’t … lol…

[Coronita]

anyone else kinda happy all the Robinhood and Barstool Speculators are finally getting their asses kicked in the market? It’s about time

[Coronita]

Thanks to this thread, I learned from you JC and made sure over the weekend to jump on a plumbing issue shared between my condo and the owner above me.

[quote]
Me: Hey dude, my tenant told me the kitchen drain is plugged, and thinks the drain empties to a common drain pipe shared between our unit and he thinks he saw your tenant moving out and emptying shit down the sink. I had to dispatch my plumber.

Owner Upstairs: (no response for a few hours)

Me: Hey dude again, my plumber says that the drain was clogged when he took part of the drain hose off that runs from your condo upstairs to mine below. He ended up needing to snake the drain 15 feet below and after a few hours was able to get it cleared. This is the 4th plumbing issue, could we split the bill. The bill is $135

Owner Upstairs: oh, thanks but no, it’s not my tenants fault.

Me: Well it’s a common drain, my tenant says they were moving out as you were preparing the condo for sale. I was being nice and offered to split the bill with you. It was $135 total, so your portion would be $67.50

Owner Upstairs: I don’t think it’s my tenants fault, so no.

Me: Well, ok that’s fine. If you would rather me take it up with your prospective buyer while they are in escrow, that’s fine. I don’t mind asking the would be new buyer if they plan on paying for the unsettled plumbing bill. By the way, this is the 4th plumbing issue I had with your unit in 2 years. I guess since we are talking about plumbing issues, you have plans to disclose of these issues to your new buyer, right? I don’t want to approach your buyer and be the messenger of all the plumbing issues you’ve had with your unit. The last thing I would hate would be what I need to say to your new buyer would potentially delay escrow or cause a transaction to fall out of escrow, as I’m sure I will check with your listing agent if all the plumbing issues that I’m aware of has been properly disclosed and ensure all potential buyers that I or my tenant ends up talking to were aware of the major 4 plumbing incidents that happened over the past 2 years.

(Considering this guy has a history of trying to get out of paying for water damage his unit does to mine and trying to doing the cheapest thing, I’m pretty sure he’s not going to disclose of the previous 3 plumbing issues that caused water damage to my unit)….

Owner Upstair: wow FLU, you would fuck up escrow over $67.50? Send me your plumber’s info so I can confirm
(Sent this morning at 545am since he’s over in Texas a remote owner)

Me: No, it’s not my intention to fuck up escrow over $67.50. But considering you are trying to sell the condo for $300k+, I thought you were being penny wise, pound foolish for giving me a hard time over something that was $135 split by 2…especially considering the history of plumbing issues we’ve had from the 2nd floor…again…Check your text again. I tried to reason with you about splitting the bill. You said no, it wasn’t your problem, you don’t give a shit. I think if you were in my situation, you would have asked your property manager what to do, and your property manager would have said told you to do the same thing. Go after the amount from the new prospective buyer. And if it “fucks up” escrow, it’s not your problem, the same way that when a common drain issue occurs, how he thinks its “not his problem”

I dont know, I were in your situation, when the irate owner of the unit below you is contacting you out of the blue for yet another plumbing issue (the 4th one) and hasn’t contacted you for a long time for anything other than a real issue, I probably would have said “oh, a common plumbing issue… ok, would you mind sending me your plumber so I can confirm, and if this is really a shared drain line, yes I would be happy to split the cost of the work your plumber did to clear both our drains…because I wouldn’t want the drain to be plugged impacting your current tenant that is still living there and my potential new buyer while they are doing a home inspection since it’s the same common drain…. And since it’s $135, half of that isn’t a big deal…”… But this is the 4th plumbing issue. And once again, rather that trying to hear what I was trying to rationalizing explain to you, you basically blew me off again and said, “not my problem”..So I was prepared to get my property manager to reach out to your listing agent to ensure that the message got through to you, and to ensure you were properly disclosing a 4 major plumbing issues you’ve had in the past that affected my unit and caused some damage and that there was an unsettled plumbing bill outstanding.

Owner Upstairs: I think you had a misunderstanding of what I said.

Me: If it’s a misunderstanding, you have nothing to worry about then… I’ll send you a scan bill after it’s 8am here. My plumber isn’t up yet anyway since it’s 541am here still.

[/quote]

As the saying goes. For some people, you give them an inch, they’ll try to take a mile. I don’t even give people an inch, when they have a history of being an unreasonable cheap ass. It’s not the $67.50 that really matters, it’s the principle and history of dealing with this guy. He and his insurance didn’t want to pay for a $7000 water claim. I ended up trying to sue him and his insurance for $25k for loss of wages loss of earnings, trip charges etc. We settled for $15k from his insurance. You would think after that, and a two other plumbing issues he tried to get out of also, that on the 4th one that happened right now during escrow, he would just say how much and what happened and cut the check no questions asked… Go figure.

Thank you JC for sharing your unfortunate experience. I learned a lot from reading this thread, and I’ve learned to be a big asshole if there’s an issue over a shared plumbing, especially if the other party(ies) consistently try to ignore the shared responsibility portion.

[Coronita]

huh?

[Coronita]

[quote=svelte][quote=scaredyclassic]im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. [/quote]

that doesn’t sound like a scaredy cat…has this site affected your outlook?

I’m at the age where I just want to pay off everything and cruise into retirement. I’m paying down my cars, my mortgage, electricity is now free. I don’t have any kids to support, my wife lets me do whatever the f I want when I want to do it. What else could I ask for?

I can now look forward to retirement in a few years where all I do is pay my various taxes, my insurance, buy a bit of food and live worry free. I’ll sleep when i want, eat when I want, get intoxicated when I want, travel when I want, answer to no one.

The day is coming up fast and I am ready.[/quote]

I dont miss making mortgage payments, but with rates this low, if I still had one, I would definitely be refinancing.

I thought about refinancing with a cashout so I can buy more properties. I guess I’m getting lazy and going back and forth on whether I want to destabilize things and take on more risk. I like having a very positive cash flow despite still working, and work has never been a drag for me, so maybe I’ll try to work for a few more years and wait to see if we have a correction in the housing market. I want to pick up at least 2 more properties and then I will be done.

I have 3 more years of accumulating in the 529k account, and kid should be set for a 4 year bachelor’s in the worst case scenario at a private school.

[Author]

Posts