All Forum Posts by: Alon Maoz

Thanks everyone!

Good news - the tenant ended up leaving by themselves, and I got to keep my $3000 :)

Thanks for the great help guys.

Hi there!

I have a 3-unit property in Worcester, MA. We've recently finalized the court process of receiving the eviction execution letter by the judge, and are finally now able to legally evict the tenant.

The attorney I'm working with has told me that I need to pay $3000 deposit to the constable, to cover for - moving costs, 2 months storage unit, sheriff and a few other fees. I was also told that some of that amount could potentially be returned to me, in case it wasn't used for the eviction process eventually.

I live in CA and do not have the option to be physically present during the execution day, hence would never know what happened there. Also, the monthly rent for that apartment is $1400.

1. Can anyone here, that had a similar eviction happening in MA, comment about the costs I've mentioned here? Do these make any sense?

2. Given this deposit is worth more than 2 months of rent, would you recommend me to do anything else in this case? I've heard that maybe it's possible to wait 30 days since execution day and then (given the evicted tenant did not take out their stuff) simply throw all their stuff out, and save some money?

Any advice would be very much appreciated.

Thanks!

@Travis Rasmussen, I'm actually in a process of checking an Airbnb investment in Miami, FL.

@Travis Rasmussen

It took me a while to realize that myself :)

Nope, didn't end up moving forward on that one.. Was way too expensive and just too risky!

Hi Richard,

Thanks for sharing this valueable information from your experience!

I'm also looking for a very similar investment type like Alizee, however, I will not be living in the apartment. 

Given you said a condo would not be the most recommended way to go for a STR investment there, what other option would you recommend as a better alternative?

Thanks in advance!

Alon.

Hi guys,

Thanks a lot for everyone's great feedback. At this point I am indeed scared enough to make such purchase decision in SF, for all of the good reasons you (and others) have mentioned. 

I'll be looking for other alternatives that would allow me to sleep better at night :)

Thanks again!

Hi there! Relatively new to BP here, so many smart&experienced people here, someone must have a good answer to my question :) I'm thinking of buying a small studio apt in SF for to run as an Airbnb business. What mainly concerns me is the fact that I've heard about a few states (NY as an example) who have banned short term rentals, and the fact that it could possibly happen soon in CA (?), which will force me to long term rent it, which will not make financial sense anymore. Hence, would you think that it would be a risky move to purchase such an Airbnb property in SF then? Thanks in advance for everyone!