All Forum Posts by: Dinh Gia Phung

Hi Jason, do you sign the lease first, acquiring the property and then apply and submit city permits in order to list it on Airbnb? How long do you wait for city permit to get approved before you can list your property and start making profit?

Thank you for sharing your post!

Thank you for your feedback! I currently own a 3-bedroom primary residence and would like to rent it out to a family since my neighborhood is very family oriented, so renting by the room might not be ideal.  My goal is to rent it out by this summer and purchase another property and do house hacking in a college area.  I would continue to purchase one house hacking property per year, meanwhile also investing affordable rental properties out of state areas.  I live in an expensive market between LA & Orange County. 

Another question is, "Is it legal to offer the right of refusal on a rental property?"  I just want to be sure that I'm not violating the Fair Housing laws.  I want to offer my neighbor friend my property for rent first before publishing it to public.

Your expertise is greatly appreciated!  Thank you!

Since it's ideal to approve a rental applicant with income 3 times the rent, I wonder if combined income of multiple applicants over 18 who will be living in the unit qualifies this requirement?  Or is it best to have at least one applicant to meet this income requirement (3 times the rent)?  What happens if one of the 3 rental applicants who will be living in the units have bad credits or have other bad judgments but the other 2 applicants are exceptional and meet all the requirements, should I still approve the rental anyway?  

Your feedback is greatly appreciated!