All Forum Posts by: Dennis Maynard

Not in VC, but great area. Any licensed Architect in the area of LA VC and SB should be able to help.  They usually have a list of consultants that they work with so no need to hunt unless you are looking for something specific.

Zillow, MLS, and Apartments.com. Those are the big dogs.

If you are not an attorney, you start with your sales license.  A sales associate works for a broker.  All of this is gone over in your initial course work that you are required to do. I'm happy to discuss with you further.  Reach out with questions.

Ask for a larger deposit.  You are allowed up to 2X the rent in California.  Make a judgement call on your gut.  

I would consult with an estate attorney and accountant. 

Sophie, all great questions. It depends on your time horizon. In the past, LA real estate has been high demand for rentals. We are in the Covid period for a while in which we are seeing a trend towards suburbs and SFR. Rentals are under pressure across the board with the eviction moratoriums. With this in mind, I like LBC. I would say that a long term hold is not a bad consideration. You will need to be able to hold it through the ups and downs. There is a lot of growth in that area. Let me know if you have further questions. Happy to discuss.

Did you require that they have renters insurance?

Having rented many units that were pet friendly, I would offer the tenants the option between pet rent and pet deposit.  In LA we would do $250 / pet or $20 / month per pet (Deposit / 12 months).  @Aaron Hunt  @Dustin Allen. I'm not seeing any mention of familial status in his comments.  I do see the number of proposed tenants which absolutely is a consideration in letting a property.  To further the point if there were 4 people letting the property then one could consider the number of tenants as for increase utilities and passing through in the form of rent to the tenant, and consider whether the number of people in the unit might create a disturbance or nuisance, and / or excessive wear and tear to the property.  Again, I see no mention of familial status, race, sexual orientation, or the like in his statement.  If I am missing something, please feel free to comment.

At this point we should look at how feasible the numbers are vs your goal. After doing quick math you are capping your purchase price at around $580,000 for an SFR. The next step would be to find deals that you can rent for that amount of money over the long term. At this purchase price, there is nothing on the westside or the immediate valley area such as Burbank, Studio City, or Sherman Oaks. You will have to look more to the West Valley which you already mentioned. You can also go farther north, south, or east. It seems you are in the data phase figuring out if it will work. I'm happy to answer questions.

Okay, as promised.  Here is the link to the Halloween Houses Video.  Hopefully BP won't take this down because it's not in the right spot.  Hope you enjoy.  Happy Halloween!