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All Forum Posts by: Anya Stewart

Anya Stewart has started 2 posts and replied 7 times.

Post: MTR / STR in Ventura county

Anya StewartPosted
  • Posts 7
  • Votes 2
Quote from @Bonnie Low:

Wherever you plan to set up shop I highly recommend you dig into their STR/MTR rules. You can find them online but I'd go one better and talk to someone in the permitting department. They can give you a lot of insight into how their agency views MTRs and STRs and whether or not there is any political "activity" brewing around the regulations. Better to know what the political climate is in your particular area before you pull the trigger.

Yeah, that's a good point. Better to know where the wind blows.

Post: MTR / STR in Ventura county

Anya StewartPosted
  • Posts 7
  • Votes 2
Quote from @Lauren Vogl:

I'm an agent in Ventura. Ojai is very strict with STR so don't expect to use that strategy there. I know people who are doing STR in Ventura and are successful. I don't know anyone doing MTR here. There are some wonky rules to be aware of in Ventura - you can find them on the City of Ventura's website, but the gist is that during the summer months you can only rent to one party per week, regardless of how long their stay is. So if they book a 2 night stay, you're not supposed to let someone else rent during the next 5 days until you're into the following week. If you go the beach house route, people do rent year round although summer is the most popular time. Two of my friends who have beach rentals in Hollywood Beach (Oxnard beaches next to Ventura) noticed this winter and spring were slower than usual. I know of someone else who has a midtown Ventura STR and is doing well. Those are cheaper than beach houses.


 Thank you Lauren. Interesting! Those feel like Covid rules, but maybe not.  

Post: MTR / STR in Ventura county

Anya StewartPosted
  • Posts 7
  • Votes 2
Quote from @Allen Duan:

Hi Anya, this isn't quite in Ventura county, but we manage a MTR in Van Nuys as well as many more in LA county. Our MTR rates are around 50-100% higher than LTR rates and I imagine that would be similar in Ventura county. In such a large urban area like SoCal, I believe MTRs are always a great strategy since there are some many different people needing flexible furnishing housing.


 Thank you Allen, I'm looking at the Valley as well. Just seems that LA County is a little more difficult to work with compared to Ventura county. 

Post: MTR / STR in Ventura county

Anya StewartPosted
  • Posts 7
  • Votes 2

Hi! 

Curious to hear about people's experiences with MTR /STR in Ventura county (Thousand Oaks, Oxnard, Ventura, Ojai, Camarillo, Simi Valley). The numbers seem to be decent according to Airdna (which I understand covers STRs, not MTR).

I'm moving to Thousand Oaks and thinking on investing in couple properties that I would take care of myself. 

Thank you!

Anya

Post: Creating Passive Income for Senior Parents through REI

Anya StewartPosted
  • Posts 7
  • Votes 2

@Darius Ogloza may I ask - what was the worst thing that happened with your REI?
Have you used a company like Rent to Retirement? 

I appreciate your comments! The goal of this is to create an income stream for senior parents, so I want to be very careful. 

Post: Creating Passive Income for Senior Parents through REI

Anya StewartPosted
  • Posts 7
  • Votes 2

@Darius Ogloza I'm hoping to spend some time setting it up and learning the ropes, so that eventually I can give it to my parents to manage. 

I already have some REIT, stocks, CDs, Fundrise and other things that are truly passive. I think this is a next step for me as an investor and also a next step towards diversifying.

Post: Creating Passive Income for Senior Parents through REI

Anya StewartPosted
  • Posts 7
  • Votes 2

Hi! So excited to be a part of this community. 

I am planning to move my parents to the US soon within the next 1-2 years. 

I have good chunk of cash to work with and I am trying to think of passive income strategies for them. Passive for them, because they will be adjusting to the life in new country and advancing their English (at beginner/intermediate level now). They are in their "young" 60s, I can see them working part-time eventually to integrate better and contribute to the local community. I live in LA, so I will be moving them somewhere here. It also has to be passive for me (eventually), because I actually like my current W-2 job and would want to stay with it. 

I have been doing a bunch of research and I realize that I need to focus on Multi-Family properties that could bring the highest cash-on-cash flow. Which is sadly impossible in California. Would that be the right to try and find something out of state in that case? 

I am a very beginner in real estate, I don't even own my own home. So I would want to start small first, let's say put down 30k, see how it all works and then buy more / pay down the loan. Hope to find smth with at least 10%Coc. 

I've been doing research on best states to invest, companies like Rent to Retirement, started talking to some realtors, but not set yet on the best way to proceed. 

Would love to hear any thoughts on this. 

Thank you, 

Anya