I’m talking about damage that installation of a Satellite Antennae can cause.
If you haven’t experienced this issue, let me inform you the law provides that you must allow a tenant to install a Satellite Dish or Antennae if he or she wants to.
However, you as the Owner/Landlord have some rights.
You can dictate where they can put it and if the only area that you allow it to be installed does not give adequate reception, this is not your problem.
We recently had a tenant at one of our Esplanade condos here in Folsom install a Dish on the exterior wall of the building which caused him to bear the costs of removal and the HOA fine. He never got our permission to install it in the first place.
We had another tenant in a Single Family home here Folsom who decided to install a Satellite dish in the attic. The contractor/technician that installed it damaged a brand new HVAC system to the tune of $1,500. Guess who’s responsible for that…?
To eliminate any ambiguity as to who pays for the damage this issue might cause, we use the California Apartment Association’s ”Satellite Dish/Antennae Addendum” in all of our leases. Tenants “must” get our permission to install a Dish or Antennae.
Using this form will put the responsibility on the tenant to maintain your property and not let them off the hook if they damage it by the installation of a Dish.
Just one more reason to use a professional property management company…!
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR, CDPE favinger@rwnetwork.com 916-203-1260
If you don’t want a “fixer” this might be what you are looking for.
This Duplex just recently fell out of escrow. It’s a long story, but suffice it to say, it wasn’t the fault of the property. In fact, the Buyer’s appraisal came in at the List Price of $214,500.
The former Buyer made some mistakes in obtaining her loan on time. So when her time to close came and went with no loan approval, the Seller elected to withdraw from that contract and put it back on the market again.
So here’s your chance.
I’ve got a video below and if you want to see what the numbers look like, the “proforma cash flow” analysis is available if you CLICK HERE.
If you have any questions regarding this or any other Residential Investment Property in the Sacramento Region, drop me a note or call me.
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE favinger@rwentwork.com 916-203-1260
If you are looking for something besides a Duplex or a Single Family Home, maybe one of these will work for you.
I’m not a real big fan of 4 plexes in this area because most of them don’t have the “amenities” that Single Family homes or Duplexes offer to compete for quality tenants and optimum rents.
There are exceptions of course so I thought I’d point these out to you, because they’ve both just come on the market.
I’ve got estimated cash flow projections for both of them.
The Seven Unit Apartment building – 5925 Hilltop Drive, Carmichael, Ca. (6) 2 bedroom 1 bath units and (1) 3 bedroom “owner’s/manager’s unit - Click here for the estimated Cash Flow figures – While I don’t have interior pictures, I do have a brief exterior video of the premises so Click Here for that.
I hope you found the above informative. If you’d like to know more about getting into the small apartment market drop an email note my way or call me. My contact information is below.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR 916-203-1260 Favinger@rwnetwork.com
There are 3 separate homes on this .830 acre lot zoned R-5 (5 units per acre).
I had seen this property on the market last May prior to the listing being withdrawn but I never walked it until yesterday. When I drove by it last year it was a rainy day and I didn’t feel like going up this private drive with all the cars that I saw parked up there because at that time I think all the units were occupied.
So the bank takes it back, they put it on the market with an agent at $113,000. Mind you, the lot is worth more than that based upon recent comparable sales of vacant lots that I’m going to post here for you to see. None of those lots had the same Zoning as this one.
This goes to show you that there must be a pent up demand for great deals like this and I’m wondering how much it will finally sell for and what the plans are of the new buyer. I think this is a deal where you could keep the one occupied unit and work on building two newer units and possibly splitting them off.
I will stay on top of this one because I’m curious myself.
Anyway… Since they’ve already received 23 offers, there’s not much point now in putting one in, except I’d like to see where it winds up. As i pointed out earlier, I did go the property yesterday and did a video “walk through” of the property. I was able to get into all the units except for the one that is occupied.
I’d like to know what you think of this deal.
Make it a Great Day…
Ed Favinger, Broker CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
Landlord insurance ‘pays if tenants don’t’(simplelandlordsinsurance.com)
