Though there are plenty of firns from individuals to large statewide mgt. cos. working the HOA mgt.
space, how they shop for services varies depending on board members, and who there other advisors are. Many may be surprised at how little most directors know about management. Often
Boards are not trained, or not well trained. As you know, most people resist change, so that makes
it hard for any new vendor/service to get a chance to serve them.
If you haven't already checked out www.davis-stirling.com, and www.echo-ca.org, and other sites that serve HOAs, advertising there may help.... more
The best thing you can do is hire a professional to help you through the process. Trying to lean on the fly can be a very expensive mistake. If you don't know what you are doing, you have no business doing it.
My business partner Ksenia Jury and I are from Russia (we have connections in Moscow & St.Petersburg) and we would be happy to help you.
Please contact us at Ellie@ClimbSF.com or Ksenia@ClimbSF.com... more
This is really a question for a Financial Advisor; someone who know all the alternatives.
We can give you some ideas about Real Estate, but that certaining does not cover all the possibilities.
Historically, I am well founded in recommending Real Estate, except for the fact that we seem to be in a different period right now; we have a lot of things going for a recovery, but we have a few that are not.
What would I do if I were in your shoes? I would put some, but not all in Real Estate. Keeping some in cash for an emergency seems wise right now.
Las Vegas has the most attractive prices, but the ecconomic situation seems to be the worst in the West.
The Bay Area seems to be the most resiliant, but it is also the most expensive.
I am in the Fresno area; I like the prices and the leverage that you could enjoy.
This is one of the many bad things that can happen when people go through life not being on the up and up. There are many problems and pitfalls for you right now and really really the most important thing for you to do is contact an attorney. Try the rent board and see if they can help you but do not do anything eles till you get legal advice.
Next time have the landlord's permission to sublease or take on roommates. Then it becomes his responsibility to screen the tenant and they have a little recourse.... more
It sounds like you are doing a pretty good job. I might would pay an agent a little something to do a CMA(Comparative Market Analysis) for you. This will probably not be the last time you will be fighting the tax office. The real estate tax is where a lot of the government is trying to make up some extra money. They are raising your value not the tax rate. That way when you come and complain they can say well your value increased and we did not increase the rate. I read something the other day that said the government is planning to raise taxes by around 1.8 trillion dollars in the next 10 years. Which will pretty much double everything in the next 10 years on taxes. This is there plan for the money they have spent on this recession. So get ready you may have to do this again for the next 9 years. If you can find your old appraisal that might help to. They will say it is an old appraisal, but if you can get a real estate agent to give you or at least tell you what the appreciation rate has been since Feb 08 you might can use this. Hope this helped.... more
Yes you can. You should also get a pet deposit besides the security deposit. If you need help with a rental, I suggest you call Fay the rental queen. She specializes in rentals and screens them, runs their credit, and more importantly does a check list walk thru that is very impressive. www.Faytherentalqueen or Femarie@aol.com.
I have been in the leasing business for over 20 years here in Dallas, same applies here as a tenant agent, HOWEVER if you have a roommate most landlords PREFER NOT to lease roommates I own 25 properties shy away from a roommate suitation. YES PAYING MORE, higher deposits could work, however roommates are more transit vs. families who stay longer in a property. HOPE THAT HELPS, GREAT QUESTION.
http://www.lynn911.com http://www.homes-for-sale-dallas.com... more
I would suggest you go to the website of David Gellman, an attorney who specializes in real estate law. His website has a lot of information about TICs, condos and TIC conversions. You need to be quite careful about all of the laws. They are far too many and too lengthy to discuss in this small space. www.g3mh.com
I would also go to the Mayor's website - www.sfgov.org - and go to the information on rent control. With regard to short term rentals, you need to consult the TIC Agreement for your building. They may or may not allow them. Renter's have a ton of rights in San Francisco that they do not have elsewhere. Please be truly prepared when you purchase!