All Forum Posts by: Bob L.

The coaching for Jonathan's The Land Method is NOT substantially cheaper.  Their Gold Coaching program is $10K which is similar to most other land coaches.  They do have a la carte coaching options, but the price is not listed.

Prycd market estimates tend to underprice all lot sizes.  They only give estimates at the county level and sort it by acreage size.  For example, infill lots under 1 acre inside a city of a county are underpriced due to being averaged out with 1 acre lots outside of cities within the same county.

@Brad D. I agree with your post.  RE investor will see hard times coming.  There are new risks added into their business model when they see local government headlines such as "City Enacts a Halt to Evictions" or " San Jose Lawmakers Propose Suspending Rent.  Investors need to prepare with larger cash reserves.  This pandemic makes investing in real estate riskier and less desirable.   

Some industries (restaurants and entertainment) will decline and tenants will have to find new jobs in other industries.  

@Trevor Mauch for real estate investors new to internet marketing, is there info on which plan to start with?  Is the Core Plan a good start to try to get a few leads combined with Facebook Ads?  My free landing page is no longer free if I want to use FB Pixel.  So I am looking into paid website hosting since I will need to pay for a monthly domain name.

@Andrey Y, you do NOT make a good point.  I invest in one of the poor cash flow, appreciation markets - SF Bay Area.  The only landlords that does not have to worry much about Covid-19 economic disruption is the ones that does not have a mortgage or has enough equity to sell profitably in a market that has slowdown.

@Michael Quarles, I did a run of 1,500 direct mailers.   It cost me $.66 per mailer.  Do know you how much RVM is compared to DM?  How much would sending out 1,500 RVM cost?  

I looked into Zeus Living and their fee in TOTALl is more than other Property Management and leaves the home owner in a big disadvantage in the long run.  First, this is a quote from their FAQ.  "We require an annual free month plus a one-time 10-day onboarding period, which allows us to make any needed repairs or upgrades and furnish the home."

In addition from their website, home owners need to pay for utilities.  The only slight benefit I see is that Zeus has an in-house maintenance crew that will cover minor repairs. "Zeus will cover any resident damage at no cost to the owner. For issues caused by age, deferred maintenance, or Acts of God, Zeus will repair or oversee repairs at the expense of the owner."  But when you rent long term to tenants they are also responsible for accidental damages.

One point that leaves the home owner at a big disadvantage is that Zeus does not pay a security deposit.  It makes it a lot harder to get compensated for damages to the home.  When their employees do a walkthrough it is to their advantage to not notice damages or do a less detail inspection b/c Zeus needs to pay.  With other Prop Mgmt, the tenant will pay for damages.  Basically you need to do your own inspection and discover damages or Zeus gets away with it. 

@Account Closed how do you look for the dominating multifamily brokers in the Bay Area? For SFR agents, you can tell by how much they spend on marketing mailers and number of homes sold in a neighborhood. Is there an equivalent for multifamily brokers or just start with some of the larger brokers such as CBRE and Marcus & Millichap?

Do you know of anyone getting deals from the larger property managers?  Since in CA you need a real estate license to manage properties, I do notice some multifamily properties being listed by property management firms or agents. 

@Anil Bansal, I would be a keeper of CF properties in EPA for the long term.  You are surrounded by the highest property prices in the state in all 3 directions.  There will be people willing to living in EPA for the short commute to the large tech co.  There are also large tech companies moving in like Amazon.  It is more volatile, but it has higher appreciation rates because property prices are so much lower compared to the surrounding cities.

Did you hear of the water shortage/water rights issue in EPA?  There was a halt to larger residential developments because of water issues.  That could be a positive to existing property owners as housing growth is limited. 

@Sendhil Krishnan thank you for sharing your experience.  

To all the Senior Care Operators, would renovating a typical 3 Bedroom home to assisted living facility be worth the investment or would I need a more bedrooms to cover the cost?