All Forum Posts by: Anthony Horner

@Jordan Graham

I like the approach of targeting people with essential status. Certainly will not discriminate during the tenant process, but wouldn’t hurt to have the tidbit of info used in my head while reviewing apps.

Regarding price, agree it will be higher prices in those locations. My goal with this method is to make those higher price points cash flow so the investment pays for itself while I get all the long term appreciation upside.

Thanks for the reply! Much appreciated!

@Trevor Jaye

Gotcha - makes sense re: roommates. Sounds like the house was rented more by professionals than students. That helps clarify for me. Thank you!

@Kenneth Donaghy

Really appreciate it! Sounds good to me!

@Matthew Hubbell

Love that! Encouraging to hear that the target demo is young professionals. I’m willing to exchange the additional management burden in exchange for a property near I live with positive cash flow and all the long teen appreciation upside an SD property offers. Thanks for your insights!

@Kenneth Donaghy

Thank you so much for the thoughtful tips!! Seriously appreciate it!!

@Adrian Alfaro

Nice! If you were to do this strategy closer to north county (I’m in Carlsbad now) - any neighborhood recommendations?

Any other tips you may have gleaned from your neighbors pulling this off now?

Thanks!

@Trevor Jaye

Nice! Granville makes sense. Do you find that proximity to SDSU drives tenant demand or is there a different renter profile that seems to be working?

Any tips you’ve got would be immensely helpful.

@Kenneth Donaghy

Encouraging to hear that people are making this strategy work in the local area here. Mind sharing what neighborhoods/sub markets they are making to model work within?

@Nicole Holcomb

I like that! Built in property manager with a simplistic model to land lord. Would your friend consider jumping on a phone call with me for a quick call (<15 mins) or maybe just some chatting via email?

Would love to get some insight from somebody waking the walk with this strategy.

If no, not biggie. Doesn’t hurt to ask! :)

@Dan Heuschele

Here’s my assumption, but honestly testing this assumption by getting opinions from folks like yourself.

I don't think it would be a premium to rent by room, but rather the client is somebody who can't or is unwilling to "get people together to rent an entire SFR". Also, one payment would cover all utilities and offer very predictable monthly expenses. That's two key parts of value prop is the thinking... but keep in mind this is all in concept since I've not actually done this yet.