Question for my friends on house rental

Milovan

Milovan

Well-Known Member
I have a concern and I would like to get your opinion on
my dilemma.
Although I am 1/2 owner of a house in Burbank, Cali that is paid for and clear
that I am renting out I might have to move out of the rental I've been at for
the past 20 years in N.Hollywood, Cali. The house I'm in is going up for sale
tomorrow and I'm hoping to be able to stay here instead of moving.
The last 3 owners kept me here as a rental and now I hope the next will also keep
me here as a rental. I love my home I've been renting for 20 years now and I don't
want to move but if I have to, do you think it will be hard for me to find a rental house
I could move in? I have 20 years of rent paid here and 9 years at a previous place.
I also have income from my house I'm renting in Burbank and I have savings plus
29 years of rental history and 0 evictions. My 2 roommates have good consistent jobs
that will move with me if we have to move. I don't want to live in my house I'm renting in Burbank cause
Burbank is very strict on growing pot plants.
With my great rental history and good income do you think I will have a hard time finding a
house to rent or not? :-?
This is a big concern (and should it be?) and I would appreciate your input. Thank you.
 
oldtimer54

oldtimer54

Well-Known Member
I would think that the future owners would like to have a Tenant such as yourself if they plan on keeping everything as is but you'd be remiss if you didn't have a backup plan. I don't know the rules on landlord tenant relations.......how much notice they are required to give you prior
to asking you to move but one thing is for sure if they want you out you'll be finding out soon.
I feel for you brother not a good situation to be in but on the bright side the transition may happen and the only change you notice is who you pay your rent to
Good luck !
 
Milovan

Milovan

Well-Known Member
Wow, you guys sure do know how to make a guy feel better
and I very much appreciate your honest input. Thank you!
 
heckler73

heckler73

Well-Known Member
I'd say you have a lucky streak. Every time in my life where the owner has sold, I am the first to go. The problem here is renovators who think they can get more rent beyond the limits imposed by gov't (rental increases are tied to provincial CPI for the year) through kicking people out, touching up some superficial shit and cranking the rent up an extra $200/mth.

So you might want to ask prospective buyers what their intentions are, if you get the chance. If they say anything about "touching it up" or renovating, might as well start packing IMO, because there is a strong probability they are either going to flip the place, or jack the rent. If not, they should have no problem signing a contract stating as such.
 
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