All Forum Posts by: Abhishek Joshi

Hello all,

I was looking at hiring someone to rent my property in Clovis, CA as a LTR. A few questions:

1. Can folks provide recommendations on agents willing to do so ?

2. Do I get to be part of the process, in terms of vetting out potential tenants ? Or is this path fully outsourced till the contract is signed ?

Hello,

I am looking at renting out my SFH in Clovis. I have been self-managing my other property for the past decade, with the caveat of it being 30 miles from where I live.

Now, I plan to do so with this property, albeit from a distance of 200 odd miles. I had the following questions:

1. Any suggestions on pros/cons to doing so ?

2. I understand a good handyman is needed. Anything else I need to be aware of ?

3. How about marketing the property ? With me being far away, I was thinking of hiring a management company to rent the property out. Any thoughts on tenant screening, and what I could be doing to make sure I get good longterm tenants ?

Thanks for your time!

Hello All,

I have been looking at buying a STR or MTR in the city of Roseville. Target is SFH <3 bed 2 bath>. I had the following questions:

1. How is the STR or MTR market in that city ?  Is one type recommended over another ?

2. Are there any regulations to be aware of ?

3. Are there any recommendations for realtors that specifically focus on this category ?

4. Are there any particular areas in Roseville that make more sense than others, for STR or MTR purposes ?

Thanks!

AJ

Hello,

We were considering buying MF unit <4plex ideally > and were considering Arizona or Nevada as potential options. I wanted to see if this group had opinions on:

1. Which is the stronger market, with a relatively attractive price point for entry.

2. Are there any particular areas folks would recommend ?

3. Any referrals given we would be out of state, and would need to depend on a partner for both buying as well as PM services.

Thanks a lot for your time and inputs!

@Carlos Ptriawan ty for your insights! Any comments on San Bruno or Berkeley ?

@Danielle Davenport our primary goal is long term appreciation. Cash flow in the short term sounds pretty much impossible, unless you tell me otherwise :)

I have been scouting following areas:

1. South Bay <SC and Sunnyvale primarily>

2. North peninsula <San Bruno, Millbrae, Daly City>

3. East Bay <Berkeley, Piedmont>

4. TriValley <Dublin>

Any comments on the above ?

Hey @Andrew Postell, sorry I might have not clarified. My specific thought was:

1. Unless I buy a property all cash, the current traditional lending routes at 7% odd are expensive to justify a loan.

2. If 1 is true, are there any other ways to finance at lower rates ?

3. To the above point, HYSAs give you 5% odd, so how do you buy property and make the numbers work ?

4. Of course there are other vehicles like stocks, MFs, but that might not work for me for diversification purposes.

 Thank you for your response!

Hello all,

I am a newbie to this site, and wanted some guidance as I navigate potentially buying a 1-1.25 million rental SFH property. Here's my situation:

1. Paid off primary SF home in the bay area

2. 1 rental condo in the bay area <paid off>

As I look at buying the next property, the high interest rates on conventional rental property loans or a HELOC make it tough to justify buying. Any advice here on how/if this makes sense in the current env. I can make a significant down payment <50% +>, but am unsure if that is the best use of those funds, and whether they are providing max leverage.

I'd really appreciate if the seasoned folks here can guide me. Thanks a lot for your time!

Thanks for the response @Jake Andronico. I wanted to self manage, and hence was thinking of focusing on the areas close to where we live.