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Rental Basics in 95864 : Real Estate Advice

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  • Home Buying6
  • Home Selling2
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Activity 21
Sat Apr 2, 2016
Patrick O'Hare answered:
First question would be "were you a bad tenant"?
Assuming that your current landlord had contacted your previous landlord,
otherwise old landlord wouldn't know who to call, they would have been
responding to a request for a reference. Obviously your old landlord can
report information as they see fit and your new landlord can take it into
consideration. Old landlord has a responsiblity to be accurate and not
inappropriatly retaliatory. Whether you are at a contractural point with
the new landlord that you have a contract established would depend on
what has transpired.
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0 votes 4 answers Share Flag
Tue Jun 26, 2012
Jamie Collins answered:
I will try to answer each question.

When purchasing a personal residence you will be stating that you will live in it for 12 months. Life does change, but it is the intent that is the most important. As for an investment purchase, yes you will need to put down more money. Typically 20-30%. Rates and/or cost will be sightly more (depending on down payments %) Banks will randomly check on houses to see if they are indeed owner occupied or not. Being approved for more or less, there are other factors that will go in to this. Do you have experience with being a Landlord.? Some banks will allow you to use the rents and some will not.

If you would like we could talk.

Call me at 916-257-3779

Thank you,

Jamie Collins
Real Estate / Mortgage Training / Insurance
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0 votes 10 answers Share Flag
Thu Jun 14, 2012
Patrick O'Hare answered:
Securing the money to purchase a property is the first order of business.
Are you pullling funds from your current home in order to pay cash for
the rental property? Financing rental purchases is definately different
than a personal residence. If you do not currently own rentals, lenders
are reluctant to give you anything close to full income value in qualifying
for the loan. Your borrowing power will influence what and where you
will be buying so you will need to know what you are working with.
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0 votes 6 answers Share Flag
Thu Jun 14, 2012
Bert Pope answered:
Think bigger picture with your rental property.
You can have both your personal space and a seperate rental side of your new home.
You dont have to be living with your tenants or just have a rental home that you dont live in.
Have other people paying your mortgage for your home.
But you dont have to own your own home first before you purchase a rental.
Good Luck.
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0 votes 6 answers Share Flag
Wed Jun 13, 2012
Heather Cox answered:
There are people needing rentals in those areas due to the fact a lot of people are unable to buy right now because of for closures or short sales.
If you need any help finding a home please contact me
Website www.hcox@golyon.com
Email hcox@golyon.com
phone # 916-745-2093
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0 votes 8 answers Share Flag
Fri Jun 15, 2012
Kylee Roe answered:
Sounds like a beautiful home! I have to admit, I am not a rent expert, but I do advise my investor clients to work off of a $1 per square foot formula and adjust from there. You are in an upside community so you will be looking at a slightly better rent--whereas someone in say, Del Paso Heights, might be looking at less rent.

I would advise seeing what other homes in the area are renting for, or contact a property management company, ask them what they could rent your home for. Don't hire them if you don't want to--they should be willing to give you some market value info over the phone.

Good luck!
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0 votes 3 answers Share Flag
Tue Apr 3, 2012
Chris Balestreri answered:
One of my clients has their rental home coming available on June 1st. The home is located in the private gated community of Riversgate. It is located off Garden Hwy and Gateway Oaks which is 10 minutes to downtown Sacramento. It is a 3 bedroom/ 2 bath, 1769 sq. ft. 2 car garage. Renting for $1700. Home was built in the mid 90's. Email me at chrisb960@comcast.net for the rental information. ... more
0 votes 3 answers Share Flag
Wed May 3, 2017
Jim Walker answered:
New landlord wants any information that helps to make a decision. On time rent being most important, but we care about other issues as well. Did the applicant comply with other terms of lease such as maintaining the property as agreed? If the subject you and old landlord discussed has nothing to do with your desirability (or not) as a tenant, it probably won't come up.

As far as what are they allowed to talk about. 1st amendment in the US constitution says just about anything. On the other hand, there is a narrow list of issues that might violate fair housing laws.

Other than statements that clearly violate fair housing law, I think they can talk about anything.
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0 votes 11 answers Share Flag
Tue Mar 6, 2012
Sue Archer Reynolds answered:
I normally answer this question from the landlord point of view in selecting a tenant. The reason is that the tenancy laws in California are very pro-tenant compared to most states.


On a lease, look for how much you need to bring in as a security deposit, first month's rent etc in order to secure the lease. How long you are committed for and what happens if you need to vacate the property earlier than the committed time. Of course, making sure the home is well maintained- heat and air work, windows secure properly, etc are all signs that the property has been well maintained and that the landlord cares to keep it that way. This may not be on the written lease, but understanding how to contact them when something doesn't work is important to you. Items like whether you can have pets, parking restrictions, etc should all be spelled out on a lease. You can find standard lease documents in most stationary stores to see the elements of a standard lease.

I hope that helps.
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0 votes 3 answers Share Flag
Thu Feb 23, 2012
Ed Favinger answered:
Hi there Blitz...

When you say "can you get listings from property management companies"... what are you trying to accomplish...?

Are you trying to compare rents in an area where you own a property, or are you looking to rent a property...or have someone manage your property...

I'm not sure exactly what information you need...
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0 votes 4 answers Share Flag
Wed May 17, 2017
Dot Chance answered:
Send me a message with the complete info, address and who you think the owner is and I will verify it for you

Dot Chance, Realtor®
Certified Distressed Property Expert – CDPE®
DRE License #01494182
Keller Williams Realty World Media Center
www.DotChance.com
818.339.7712

WHEN YOU THINK OF REAL ESTATE...Think DotChance.com! My business thrives from your referrals!
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0 votes 12 answers Share Flag
Tue Oct 4, 2011
Dave Griswold/ Lisa Payne-Griswold answered:
HI RG. It's hard to know just when someone will be able to purchase a foreclosure sometimes it's as logn as 6months before it's up for sale, in NJ anyway. We've seen them come right on the market but not often.
Best thing you can do is keep an eye on it. and perhaps send a letter to the address from time to time stating you'd like to rent.

All the Best
Dave & Lisa
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0 votes 3 answers Share Flag
Thu Apr 7, 2016
Shane Milne answered:
Usually your rental history is not reported to your credit report (unless you use a company like http://www.rentreporters.com - tip to anyone looking to build some credit scores using rental history), however when you default on your rental/lease agreement, you can be evicted, like you are asking about, and eventually the money (which is a debt) you owe could be sold to a collection agency, or the landlord could potentially file a eviction judgment against you, and that would appear on your credit report, but may not appear right away.

Now other items can happen to you to that will not appear on your credit report, one is that you could be put into a database such as CoreLogic's SafeRent - http://www.residentscreening.com - which landlords can enter you into and other landlords can cross reference.

The additional screening services aren't use as widely as checking a prospective tenant's credit, so if it at all possible I'd work with them on making sure it doesn't get reflected on your credit. Private landlords (vs. apartment complexes) are less likely to use screening services as well.

Just because you have an eviction on your credit report, or in a landlord/renter database, does not mean you cannot rent again, there are situations beyond your control and people are reasonable and will hear you out, so there is hope.
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Mon Jul 12, 2010
Dianne Hicks answered:
Same as it was before it was free and clear (lol)... sorry. there is no escaping Uncle Sam
0 votes 8 answers Share Flag
Sun Mar 7, 2010
Sscme asked:
Sun Sep 6, 2009
Rebecca Chambliss answered:
There is no right of recision for leases in California, so once you sign a lease, you are legally bound to it. I would suggest talking to the landlord and asking them if they would release you from the lease, possibly for a fee. While they could go after you for the entire amount of the lease, most landlords do not want someone in their property who does not want to be there.

Any legally binding contract is a serious thing and you really need to consider the implications before signing.
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0 votes 2 answers Share Flag
Sat Jul 25, 2009
Bill Eckler answered:
Pamela,

You are one of many looking for this option. and we're sorry to say in this arena the demand exceeds the supply.

But your best bet it to work with multip[le agents to identify these opportunities since mose are not advertised as such. The agent on the otherhand may have an understanding of the seller's level of motivation and what they are willing to do.

Good luck
The Eckelr team
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0 votes 6 answers Share Flag
Mon Jul 20, 2009
Ed Favinger answered:
What is your rental price range...?


We might work with you... go to: http://haven-properties.com/property-management/ and then you can down load a copy of the rental application... on page 5 of the application I think we have our scoring criteria.. you have to score 4 out of 6 to qualify... credit is one thing...

Job stability helps... so take a look and then drop us a note...

I hope this helps...

Make it a great day...
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0 votes 3 answers Share Flag
Mon Jul 20, 2009
Ed Favinger answered:
Julie....

You know many of us in the business have been warning others that these Loan Mod companies are basically a scam... I personally do not know of anyone who has benefited from them.

While I know that this doesn't help your folks.... in doing some research for some clients of mine, I discovered that Loan Modifications are also a "multi-level marketing" business... One such company is Certified Financial Protection Group LLC. http://pffsi.certifiedfinancialprotectiongroup.com/index.html

Here’s a copy of the Associate Program in a PDF format...

http://www.997dailyclub.com/filemanager/CFPG/CFPG%20-%20Associates%20Membership%20Agreement.pdf

They charged my client $3,500 each for two properties.. They tell their "associates" to charge what ever they want.. but they do have a "minimum"... So what happens is you get folks who are looking for a way to make a buck in a time of a lot of hurt for many people and we get rip offs like this.

I've written about this on my own blog to let people in my circle know that you don't need a loan modification company to do this work for you. The banks don't really want to talk to anyone but you... the person who took out the loan..!

You see....Loan companies want to keep you in your home if at all possible, so have your folks contact the lender directly... beause it may not be too late..... and yea... it will be a hassle but talk to them and maybe it will work out for them. Give it a shot and let us know what happens...


I hope this helps....

Make it a great day...
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0 votes 16 answers Share Flag
Wed Aug 8, 2012
Jim Walker answered:
Homepointe ( Web link below) shows a range of $675 to $995 for two bedroom apartments in those two zip codes: 95823 and 9824 The midpoint of that range is $835.

If the units are above average in condition, size and amenities they may be in the higher end of the range. If they are less desirable for some reason(s) then they would be in the lower part of that price range for rent.

Average units may rent for an amount near the midpoint.
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