Multi Family/SF Investor in Bakersfield and Santa Barbara

[Jeff Minc]

Hello everybody,

I recently found this site and have found it very informative. I have been investing in RE for the past 3 years. I primarily have been buying multi-family in Bakersfield for the cash flow and because it is relatively close to where I live (Santa Barbara). I own a 4 unit condo complex and a duplex in the southwest area (Laurelglen & Quailridge). I try to stay as informed as possible but because I don't live in this area I feel a little out of touch. I have a couple questions for any Bakersfield locals and/or investors. 

1) Who do you use as a property manager and what has been your experience?

2) The duplex on Quailridge Rd near CSU Bakersfield has two free standing 3Bed/2bath houses in very good condition each with a two car garage and lawn. I currently charge $1,175 per unit. Each unit has long term tenants that have been great but I'd like to up the rent to at least $1,200. Do you think that is fair rent for the area? Can I go higher?

3) Any update on the local economy would be much appreciated. I know the oil crash has had an effect but I have not noticed it in terms of vacancies or a decrease in property value so I was just curious to hear other people's experience.

Thanks for your time, any insight is much appreciated.