All Forum Posts by: Andrew Luong

Hey Team,

We previously had a Sacramento property manager that was good but not great, switched to self-managing this year to learn the intricacies and are now looking for a new property manager for the portfolio.  Any good recommendations?

Thanks & cheers,

Andrew

Hey @Zach Thomas - Exciting times y'all have ahead of you!

Quick background about myself -  I'm a real estate investor from the City with rentals in Sacramento + Houston and currently working in technology as well.

At this point, it sounds like Sacramento might be something that's exciting as well as making more financial sense for you and your wife which almost sounds like it'll be a win-win.  However, for myself personally, I love the City and wouldn't want to trade my career in tech as well as City living to move to Sacramento and instead continue to rent while using the surpluses to continue to invest elsewhere (helping to offset the cost of living here).  Just my personal standpoint but might help you think through the options!

+1 for @Account Closed - currently working with him and he's been taking good care of us.

Hey @Mindy Jensen - Great feedback here.  This is very much appreciated and happy to hear from a BP star!! :)

Hey @Kate Homme - this is the exact situation I'm going through - best of luck solving this!  I'm just hoping to get this home rented quickly so I could take down my ads.

Hey @Anny Ann -

Great discussion here and seconding what a lot have said before me.  Timing depends on your specific goals.

In regards to rental properties in Houston, we're definitely on the higher end of the economic cycle but who knows where the market will go next (experts can't predict this, how can we?).

That being said, RE trends have proven to continue rising in the long-run and if you're purchasing a property that cash flows with the intention of holding it long-term, you might lose some equity as a downturn hits but those are all paper losses and you'll be able to ride it out with the cash flow.

Cheers,

Andrew

@Carolina E. @Account Closed - Great input guys and it's playing out exactly as you described.  Pretty terrible situation and difficult for us to combat.

Hey Team -

Reaching out to you guys here as I have a new and interesting situation arise for a rental home listing in Sacramento.  At a high level, I had recently advertised my listing on a Zillow and a few sites but then was notified by two separate, potential residents that they had seen the home listed on Craigslist for cheaper.

I'm currently investigating (posing as a potential applicant) but am curious to see if someone else has seen this happen.  If so, what are possible repercussions?  Here are some thoughts - 

• Scamming people of hard earned money for an "application"
• Potentially breaking into my property
• False leases

Any other thoughts?

Thanks & cheers,

Andrew

Hey @Aries Li - I'm an investor from the Bay Area with property a bit outside of your location (south of the I-80) and find those properties to be a C class but with good returns.

Hey @Tony Castronovo - Great work here and love the numbers! We're currently working on #3 in via BRRR as well!