All Forum Posts by: Account Closed

News came out on Oct 2, 2017. 17 Bay Area cities rent shows continued increases. https://www.google.com/amp/www.mercurynews.com/2017/10/02/bay-area-housing-pressures-continue-rents-climb-again/amp/

It is very common. I do the same on my rental property because I don't want to waste time schedule with the tenants, then the buyer give me a low ball offer after look at the property. I would only schedule a showing with the tenants after I accept the offer price. The buyer can always back out the offer after look at the property.

Terry Lao , Don't want to handle section 8 paper work. My #1 goal is good tenants pay rent on time, #2 is cash flow, #3 is appreciation. Although the tenants who are late on rent in my current portfolio is only 5%, still feeling tire of chasing tenants for late rent who live paycheck by paycheck. Want to kick out the late payment tenants and look for new tenants with better income and financial situations. I think neighborhoods does matter with what type of tenants do we get.

There is a chance that, Your tenants could change the lock and your property manager lost the keys. Or your tenants lost the keys, the property manager is on vacation, and your property have severe water leaking flooding all over your property. You, Landlords didn't have a back-up key too? Then spend more money to hire a lock smith to open the door and change the lock.

Terry Lao , How are the tenants and area in Carriage Park 4-plex? Easy, difficult tenants? Middle-income, low income class tenants? Do you manage it yourself or hire a property manager? Thanks

Don't question the service animal, just accept it. If you say anything wrong and have done something improper accidentally about the service animal, you could be sued/fined for $50,000.00 by fair housing law. You can send a 30-days move out notice to the tenants for any reason that is not related to the service animal. you cannot kick the tenant out because of the service animal. Else, you may a big fine by the fair housing law. Google fair housing law yourself, and you will find more answer.

I am thinking about selling some class A condo in Henderson, to exchange an apartment building. But if it is not a good idea, I will keep my condo. Thank you :)

The main reason I want an apartment building is to get the experience on an apartment building. Is it worth to sell Class A properties, trade for a Class C apartment building, just because of the learning experience? Thanks

Hello, I have experience on SFH, townhouse, and condo; but I don't have any experience on apartment building yet. Many people said apartment building is a very good investment. It makes me want to buy (experience) an apartment building and try it too. Most of my properties are in Class A and Class B areas with good tenants. Using today market price valve, my class A properties have a return of 6.2% if purchase it using 100% cash. Since I have mortgages on my properties, the mortgage yield a higher return of 7.8% on my class A properties. The class C apartment buildings are selling at the price with 6.5% cap rate. With 30% down payment on the mortgage, the apartment can have a higher cap rate of 8.7%. Should I sell my class A properties (6.2% return), to buy a Class C apartment building (6.5% cap rate)?

To Mike H. , I define coming crash to be property price going down minimum of 20% or more (regardless rent price going down not). I was trying to assume a worse case scenario that both property and rent price drop 30%. To Andrew Johnson ...price go up 3% per year on average for the next 5 years, then crash back to 2017's level... I like your thought very much and feel the same way. Many people think today's housing price is expensive. However, today's housing price may be the next bottom of the housing price after this coming peak. You are right, in the real world, most of our bets are off and we won't be able to catch the exact perfect timing (to get back in or get out). If we plan ahead and revise our plans from time to time accordingly, it would be better than just do it randomly without any preparations.