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paramount
ParticipantIf the US Fed goes negative, does that mean we get charged to deposit money?
ParticipantThe feds could move to fight deflation in a similar way.
June 6, 2014 at 1:54 PM in reply to: What is resonable amount a landlord can deduct from a deposit? #774802Participant[quote=yoyo] I normally charged carpet clean and moving out cleaning done by a professional company and deduct from the deposit and give the tenant the receipt. In this case, it is probably not enough to get rid of the smoking odor and carpet damage by the dog. My question is what I need to do to get rid of the smoking odor and how much can I charge them for it? My carpet is old but we keep it in good condition. I would like to change the whole flooring. Should I even ask them to have the carpet cleaned and charge them for the pet damage? I know there are a lot of landlords on this forum and your advice will be greatly appreciated.
Thanks![/quote]
How old is the carpet?
Depending on rental demand, it’s likely the carpet will have to be replaced. Per California law, carpet charges are pro rated based on the age of the carpet.
When my last tenant vacated, I followed the law exactly (I’m dumb that way…).
I would review this:
http://www.dca.ca.gov/publications/landlordbook/sec-deposit.shtml
Participant[quote=spdrun]Why exactly are we gloating over the eviction of people who never hurt the OP and which provides no financial advantage to anyone here? What happened?[/quote]
Oh no, I was hurt. Hurt bad.
They were absolutely out of control – think Lindsay Lohan.
I think the one thing that pushed it over the edge was when the police found an individual unresponsive on said property.
ParticipantAnd the eviction just completed today….
As in GONE! Good Bye!
Hasta la Vista, Baby.
Participant[quote=CA renter]I’ve seen kids who were born pure evil, and no amount of parenting or psychiatry would be able to save them. But I think that this type of entitlement mentality — including the belief that one is entitled to sex with beautiful women — is largely learned. But that learning can come from the parents, peers, the media, the larger social network, etc.
Asperger’s certainly didn’t help his cause, either.
One thing I will say is that his videos, the calls from his mother and psychiatrist, etc. should have warranted a bit more than a visit from police. They should have made sure that he didn’t have access to guns at that point (though he killed a number of people without a gun, too…something to keep in mind).[/quote]
Couldn’t agree more.
One thing I wonder though; how common are these type of crimes in other 1st world countries?
Participant2.99 as of Friday 5/23
Participant[quote=AN]Days like these is when I’m even more glad it only takes me 5-10 minutes to get home.[/quote]
The drive I can deal with…
ParticipantTook Bear Valley to S6 to 76 – made it in 2 hours (RB-> Tem)
ParticipantLatest news: no structures lost/damaged, no injuries.
Participant[quote=flu]I think the OP is just venting frustration that happens every so often with a rental property, especially when one is starting out…
[/quote]
Frustration. Exactly.
I am but a microcosm of the struggles business faces in California – runaway govt addicted to wealth redistribution via taxes and fees.
As the public employee unions (excessive and bankrupt pensions) and welfare kings/queens continue to bankrupt the state, you better believe California will become more and more aggressive in taxing the rich.
And by rich I mean anyone with a decent private sector job.
Participant[quote=Blogstar]Nice irony, the “takers” are after your money so innocent parties rent goes up on that basis. A chain of takers.
[/quote]
At least I’m pulling for kashkari.
ParticipantTo me even .01 is a liability, this is the explanation I got from WF:
Currently, we are collecting the following monthly amounts:
Real Estate Taxes: $209.78
Property Insurance: $54.58Beginning June 1, 2014 we will start collecting the following monthly
amounts:
Real Estate Taxes: $247.79
Property Insurance: $57.33Your escrow account also has a minimum balance requirement equal to two
months’ base escrow. Base escrow is the amount of money collected each
month for the future payment of taxes and insurance, as indicated in the
figures above. Because the base escrow amount has increased to $304.12,
your minimum balance requirement has increased to $607.24.At the time of the analysis, we reviewed a twelve-month forecast of
anticipated escrow activity. This forecast indicates your projected
escrow balance over the course of the upcoming year. In March 2015, the
projected escrow balance would be -$18.59, which is $624.83 short of the
minimum required balance. In order to maintain the minimum balance
requirement, a deposit must be made in the amount of $624.83. Therefore,
I have provided the details regarding the two options for repayment of
your shortage below.The shortage may be spread over twelve months and paid in monthly
installments of $52.99 beginning June 1, 2014. With this option, your
new payment breakdown would be as follows:Principal and Interest: $1,183.75
Real Estate Taxes: $247.79
Property Insurance: $57.33
Shortage Adjustment: $52.99
Total: $1,538.86If you were to instead pay the shortage in full prior to June 1, 2014,
your new monthly payment would exclude the monthly shortage collection
of $52.99. With this option, your new monthly payment amount would be
$1,486.87.****************************************************
Adding in the $100 HOA this property is now a liability.
Participant[quote=spdrun]G-d bless you, I like your way of thinking. May there be many more people who think like you in SD in the upcoming year![/quote]
If a property is a liability, why keep it?
Tax benefits? The only significant tax benefits in my experience come from depreciation. All depreciation does is defer tax liability.
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