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Old 11-21-2014, 09:37 AM
 
Location: Pasadena, CA
363 posts, read 391,384 times
Reputation: 400

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Quote:
Originally Posted by JohnG72 View Post
How on earth do you dingbats have enough money to invest as a landlord, but not hire a REA or attorney who could easily and accurately advise you on these matters?

Or alternatively just read the advice already given in this thread.
LOL! Ok, so I probably would have put it more diplomatically, but I agree. Wouldn't the first thing you would have done prior to shopping for a property is find out of it's rent-controlled? Details like this are so obvious to me that I can't help but think this post is a troll.
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Old 11-21-2014, 11:32 AM
 
381 posts, read 268,603 times
Reputation: 1346
Quote:
Originally Posted by JohnG72 View Post
How on earth do you dingbats have enough money to invest as a landlord, but not hire a REA or attorney who could easily and accurately advise you on these matters?

Or alternatively just read the advice already given in this thread.
You don't understand these foreigner types. They'll do ANYTHING to save a buck. "Who needs a real estate agent when we can just ask online?!"
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Old 06-14-2015, 10:51 AM
 
1 posts, read 1,375 times
Reputation: 10
Yup, you know what kind of landlords these dingbat will be. Heard of that African woman who played the race card when she owns a few properties in California and does the scare tactic to evict and rent at higher price? Was in sf news a few weeks back.
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Old 06-15-2016, 12:55 PM
 
1 posts, read 1,189 times
Reputation: 10
i need to know if there is rent control in the city of bell california pls. if anyone can tell me
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Old 06-15-2016, 01:10 PM
 
Location: Los Angeles County
11,062 posts, read 8,980,576 times
Reputation: 28987
Bell is not under rent control according to this. And 15 minutes apparently.

Landlord/Tenant Book - California Department of Consumer Affairs
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Old 06-15-2016, 03:03 PM
 
1,308 posts, read 3,597,055 times
Reputation: 1097
I do not let rent control stop me from investing in an area, with 2 exceptions: West Hollywood and Santa Monica, The rules there are nutty and extremely anti-landlord. L.A. rent control is workable if you buy a property intelligently and can actually work in the landlords favor if you are smart.
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Old 06-15-2016, 03:49 PM
 
106 posts, read 73,506 times
Reputation: 156
holy ancient thread, batman!

I hope the OP's relative bought a boatload of apartments back in 2012, if so that was an absolute hum-dinger of an investment.
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Old 06-15-2016, 03:51 PM
 
106 posts, read 73,506 times
Reputation: 156
Quote:
Originally Posted by BennyPhoenix View Post
I do not let rent control stop me from investing in an area, with 2 exceptions: West Hollywood and Santa Monica, The rules there are nutty and extremely anti-landlord. L.A. rent control is workable if you buy a property intelligently and can actually work in the landlords favor if you are smart.
Absolutely correct. Rent controlled buildings in LA can be great investments if you know what you are doing.
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Old 06-15-2016, 04:15 PM
 
Location: Los Angeles (Native)
24,147 posts, read 13,668,407 times
Reputation: 11353
Quote:
Originally Posted by BennyPhoenix View Post
I do not let rent control stop me from investing in an area, with 2 exceptions: West Hollywood and Santa Monica, The rules there are nutty and extremely anti-landlord. L.A. rent control is workable if you buy a property intelligently and can actually work in the landlords favor if you are smart.
Do you mean in terms of buying out tenants or paying them out to leave?
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Old 06-15-2016, 05:49 PM
 
1,308 posts, read 3,597,055 times
Reputation: 1097
Quote:
Originally Posted by jm1982 View Post
Do you mean in terms of buying out tenants or paying them out to leave?
In terms of
1. the Housing dept doesn't protect tenants who don't abide by the law and can actually provide guidance on how to deal with them.
2. The HD will notify tenants of rent increases based on repairs and maintenance; makes it look official, which it is. The tenants NEVER question such a rent increase.
3. Will be a middleman on some issues. When I've needed the city it doesn't like it when the tenant is being a total jackazz, which is when I need the city. They don't like dealing with it and will come down matter of factly.
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