All Forum Posts by: Elizabeth Cavanagh

Quote from @Michael Baum:

Hey @Elizabeth Cavanagh, so I don't doubt there will be some demand. I do believe that the tech industry has moved towards a remote work type strategy, but there will always be folks traveling to and from the area. Just not sure if they will stay 30+ days at a time.

When I was working I would travel to various sites to train or teach folks, work on demos etc but I rarely stayed more than 2 weeks at a time. That included the area you are talking about.

What is the average purchase price for a place there? I can't imagine there are many bargains. Have you calculated what you could expect for nightly rate for 30+ day stays?

@Michael Baum I think I could get around $2500/month for a 30+ day rental. Purchase price would be around $365k and I have calculated the other costs (HOA, property tax, insurance, maintenance...) - I'm trying to talk to someone who is in this space to see if the $2500/month for a 1 bed/1 bath is what's advertised as available or what investors are actually getting for rent from MTR.  And yes, you're right, there are very few bargains!  Thanks.

I'm interested in knowing if Walnut Creek is a good medium-term rental market for traveling nurses, digital nomads, etc.  I've identified 2-3 condo complexes that would allow MTRs, and they close to several hospitals.  I looked at the Furnished Finders stats and saw that the number of inquiries is pretty high, so it seems there's demand.  I just don't know if the price points I'd have to charge to make the numbers work actually reflect what folks are willing to pay for a MTR in this area.

If anyone's done this type of rental and would be willing to share their experiences, I'd greatly appreciate it!  I'm trying to avoid buying a condo, furnishing it and then finding that the actual demand is different.

@Mark Pedroza - thanks for the lead, I'll give her a call.

Peter S. - thanks so much for the info.  I'll definitely look into them.  

I am getting my real estate license and am looking for an Employing Broker in Northern California.

For the last two years I've been investing in real estate (four flips so far) and want to expand into other areas (buy, rehab, rent and hold). I am getting my license so I can be more educated in real estate, get access to MLS, and be able to see properties quickly.

I thought I should look for a Broker who is an investor so he/she could help guide me as I expand in the future.  And I've read that I should look for someone who would charge a minimal desk fee since I'll be more focused on investment properties.

Any advice as to how best to find someone?  Thanks so much in advance.

Thanks.

Elizabeth

Thanks Kathy - just sent you my email.  I appreciate your time.

Hi - I'm new to real estate investing and am looking for an attorney and/or accountant who specializes in real estate investing.  Any recommendations?  I'd like to meet with them in person, so ideally they'd be in the Walnut Creek, San Ramon, Orinda area.  Thanks so much.