All Forum Posts by: Ami Son

 Hi Mark, we were definitely not going to going to get the solar panels out of our pocket. We were working with Sunburn to have them installed at no cost and having no ownership over. Our benefit is that the electricity bills would be significantly lower, as we are lending them the space to have the panels and by putting the power back on the grid. We have gone through with the Sunburn on our other rental property and it has been beneficial (we had new leases, so no problem there) but has not changed anything on this specific property, as our cashflow increased from the tenant turnovers.

 I had a couple tenants move out and we had them renovated and brought them back up to the market value, so we are cash flowing well. And we have not changed the utilities system!

I have purchased a 4plex in San Diego a couple years ago. It is currently barely cash flowing, but the rents with the current tenants that came with the property are so below the market value. I have been raising the rent every year with the maximum amount allowed, but it is no where near reaching an appropriate amount.

The tenants have lived there for years and now on a month to month. In the original lease, the utilities of water and trash are included and tenants pay for electricity and gas. I am in the process of installing solar panels and my end goal is to take over all their “electrical bills” and charging a separate utilities fee.

My question is..

Is that allowed? Since they are on a month to month, could I make changes to the way that the utilities are being paid?

And since I am increasing the rent to the maximum allowed amount, would charging a new separate amount of utilities interfere??

Thank you so much in advance!!

Hi everyone!

Im a newish veteran investor in San Diego.

My boyfriend and I currently have a condo that we live in and two 4plexs that we purchased within last 2 years that are projected to cashflow total $6K when the last renovation is completed and rented out this summer.

We have both recently separated from active duty and since we no longer have the consistent paychecks to get more loans approved, we are seeking other creative ways to fund our next acquisition! I am very interested in learning how to attract or find and work with private/hard money lenders and hearing about personal experiences of it.

Thank you everyone, and I would also love to connect and serve any other investors or real estate related professionals in San Diego area!

Hello everyone! I am in the process of getting my first rental, a 4plex. I definitely would like to open a separate bank account for all income/expenses/deposits for the rental. Because I am such a beginner, even though I learned about the benefits of starting a LLC and opening a business bank accounts, I don't think I want to do that just yet. It seems like too many new things, I don't know much about it, and I am scared..! I am considering opening another PERSONAL bank account for the rental just for the organization purposes.. Is there anyone who is doing this? and which bank do you recommend? If you really really think I am missing out by not starting a LLC, please fill me in with more benefits and informations as I would still love to learn about it! Thank you.

I am preparing for my first multi unit property. How do you organize all your files and paperwork physically and online? What methods have you found that have worked or not worked? Please share in details. Thank you!