All Forum Posts by: David Luu

That's a lot easier when you're local in the area and not out of state, etc. Otherwise, you'd have to get your tenants to assist in such effort, or the property manager. My property manager wouldn't do that, so maybe I should reconsider finding a different property manager.

Not sure how helpful my tenants are in requesting their assistance, still it goes through the property manager for communications.

fence replacement

Should you send it as certified mail first or as regular mail (with tracking or not), and then if no response resend as certified mail?

This is new to me, and it occurred to me, reading online, that recipient might be wary or suspicious to sign for certified mail, so I was wondering is that better sent first or as a second attempt if no response from recipient?

Would it be worse sending it first, as it alarms the recipient and they may refuse accepting the mail, and then if you send as regular mail later, they'll just throw it away without looking at it? Although if you send as regular mail first, also not sure if they'll look at it anyways.

What's the common practice for this type of communication for trying to contact neighbor or some property owner when you're not physically there to pay a visit?

This is new to me. But say you wanted to contact them to discuss things like repairing a shared fence. And to make things more complicated, we can assume the neighboring property could also be a rental, and the landlord is elsewhere.

What are ways to find contact information on the property owner of the neighboring properties? Would some of these methods require I go pay a visit to the city of my property just to get access to the contact information?

Just came across a mailing from ownwell.com that targeted a California property I own. First time I get one of these vs the several I've gotten for Texas. But good to know I come across one now.

Any details?

Maybe someone can clarify further, but I'm not sure if YieldStreet's offerings are available to other IRA custodians (to communicate/collaborate with YieldStreet on the asset purchase & later selling) unless you find good one, because it's a custom offering and not generic alternative assets.

I do know YieldStreet itself offers its own IRA program for you to invest in their funds. From when I asked YieldStreet about it, their response it seems was that you could supposedly use your own IRA custodian to work with the YieldStreet IRA for transferring funds and making purchase, etc. but you'd end up paying fees at your own custodian + YieldStreet IRA. The YieldStreet IRA has their own IRA fee. And that YieldStreet fee, depending on your alternative asset performance, doesn't seem like it is worthwhile investment.

If you can't invest in YieldStreets offerings outside of their IRA program, it's not worthwhile investment and better to invest with non-retirement money.

I just had to replace an electric glasstop stove recently, and decided to spend less for the rental property and go with coil burner type than another glasstop. But I just came to know about new feature by law in this type of stove and how it can be problematic instead of what it was supposed to do.

In fact, my tenant is complaining what appears to be this particular problem. I'm likely considering replacing the burners than to replace the stove.

But I just wanted to post here to pose 2 questions to the community:

* to see how widespread this problem is for landlords, as I can't possibly be the only one. For me the home is all electric so it's either this coil stove, or glasstop, or induction stove as choices. Also, in reading reviews for the stove where I bought from Lowes (after the fact, should have done more research), landlords gave positive reviews for this cheap stove, I wonder if their tenants ever complained, as the complains came for actual "users" of the stove.

* how informed are local appliance repair companies to know to how to replace sensi-temp burner coils with the old style ones without the sensors, since I'm remote and use a property manager, and don't expect the tenant to DIY. I'd rather avoid many trips going through vendors to replace the burner or hoping to avoid 2 trips, first to inspect burner then order the replacement part and come back to install it

I just recalled there are others with similar idea but they're targeted more for a single property ownership than spawning across multiple properties in different regions. But again, perhaps this is something you can pitch to those companies. I don't recall them specifically, but these other companies deal in co-ownership of a home (or co-home), like house-hacking but with room mates that actually own a share of the home than being your tenants.

Without altering the business model, what you desire could also be achieved with that co-home approach, if you look to buy more than one co-home assuming that's allowed from these companies, and whether you can afford it. You then just be part time use/owner of each of these co-homes you have. This only works where the co-home companies do business in though. These co-homes though I think are targeted at max of 4 owners probably, so the share cost would be heftier compared to Pacaso, except the homes themselves may less expensive on the other hand not being luxury homes.

One somewhat related offering is CloudCastles.io, it's Airbnb use type fractional ownership. Maybe you should pitch your idea to them as well as Pacaso, and worse case as you suggest we have folks build what's missing of such an offering.

What you suggest might be more of an ad-hoc private arrangement thing than something offered to the masses I think.