All Forum Posts by: Bjorn Ahlblad

We have done it without success. If we do it again it will be by hiring a pro. We found the County folks to be very well prepared and we deserved what we got!🤣🤣 Value goes up and taxes follow.

You can go to the Airbnb website and 'host' properties and areas that will help you a lot with pricing and assumptions. Should give you guidelines for properties and business plans. All the best!

Congrats on the purchase! Lease and estoppel are two different documents. Estoppel indicates agreement between LL and tenant on financial facts like deposit and advance rent-say first and last.

Lease describes the relationship and conditions between the LL and tenant during the stay in the property as well as financial facts. I have provided a brief summary, for a wider description you can consult google etc. All the best!

Way, way too much of a rent reduction yet she can spend money on a letter to you from a lawyer!? No point in having them as a tenant. Out they go and the sooner the better! 

You need to check out your team better. Contractor needs to be licensed and insured. References and feed back needs verified. 
Give them too much money and you will never see them again.

One fall off a ladder can be your disaster!

You need to seriously consider ditching this person and replacing them with a pro!

The most money I ever made was on houses that cash flowed the least! And I am talking non trivial. Just sayin’!

Congrats on the list, and all returning cash!! To me interest rate is just another expense like insurance and tax. Instead look at the total return and rank them that way for a more comprehensive list of your properties. 

I am generally reluctant to sell a property, they have all taken some effort to get decent returns and why give that up unless it is going to be a dog moving forward.

All the best! 

I am not saying 'Do it'. Frankly analyzing CF alone may not tell the whole story. You are ignoring appreciation which you may get or not depending on when you sell, plus depreciation write off, and mortgage pay down-your tenant takes care of this. More to consider, not saying you should, or not. Get some decent tenants, and a good PM, Denver should be a solid market. Up to you!  

I moved to the US in the mid 1980's. In Silicon Valley REI was high and mortgage rates were 11-14%. It is what it is and if you don't have cash, you borrow. At least with REI what you do with the money is what counts, mortgage rate is just part of the transaction.

At the time-mid 80's-tenant's rights were no different in Ca than elsewhere and screening with no internet was a whole other story. Anyway we kept our properties through the ups and downs and eventually sold them at crazy gains when we moved to 2 hours south west of Seattle where we now live off the rentals we bought with our Ca money. Without REI I might be a cashier at Walmart!

Early this year my insurance rate got bumped from 7500 to 10K for a 12 unit, and I was told 2025 may not go at all. Turns out I offered to do electrical and plumbing inspections on an agreed upon punch list. 

Cost me 5k, the upgrades were not unreasonable, and the electrical work included safety improvements. Rate went back down to 7500 upon completion of the work and 2025 is a safe bet now. 

It is a very nice building and no, I did not consider skipping insurance, although I suppose I could have, it is paid off. 

The insurance company was pretty reasonable to work things out with even though it did not start out that way, and they did have my blood pressure up considerably!