College Student Working for a Real Estate Startup

[Nicholas Ball]

Hello everyone,

I am a third-year college student at UC Irvine and I major in business administration and finance. At the moment I am working for a small real estate startup in the San Francisco Bay Area. It currently does not hold any properties, but we are looking through websites like Zillow and evaluating different single-family homes. We eventually hope to buy one and lease it out.

If anyone has any experience with single-family homes, or even real estate tips in general, then I would love to hear from you. We have some concerns with considering expenses in our model, specifically with replacement reserves in comparison to general maintenance, how much to set aside for reserves, etc.

Thank you!

Nicholas Ball