All Forum Posts by: Gene Hacker

I have rentals in California.  Tenant law and the direction it is heading is very concerning.  It seems like yearly, there is some new law that favors tenants. A few years ago it was rent control, this summer it is dropping the deposit amount. And if there is a conflict the court system will bend over backwards for a dead beat tenant or squatter and hold landlords to a entirely different standard. It feels like a slippery slope.  If I was starting over, I would build my team in a different state that is more even keeled.  

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

My rentals are in easter kern county so I don't have personal experience with having Oildale properties managed but if I need a manager in Oildale, I would turn to Sanjeev Advani. I have known him for years and I always enjoy talking with him and what he has going on in Bakersfield. 

Hi Hector, I would start here: https://www.biggerpockets.com/guides/real-estate-market-anal...

That guide gives you a road map to dig into the data on both areas.  

Most people that will chime in to pick one area over another either are personally, emotionally, or finiancially tied to one of the two markets.  It dosn't mean what they push about thier market is wrong, but ultimately you should do your own data driven comparison.

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone who could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

I changed my STRs to Long-term rentals because of the falling nightly rates and demand in the Kernville/Lake Isabella area. Long-term rent is up enough to close the gap over STR profits. It can still make sense for someone who wants a vacation home and wants to help with the bills. I think it is important to look at current data and not put much weight into the numbers people were seeing during the covid frenzie.

I have run STRs in the Kern River Valley near Bakersfield.  They did bring in more revenue than LTRs but I am in the process of converting them back to LTRs because the added hassles didn't justify the revenue difference for me.  I worked hard to systemize and make the process as automated and deligated as possible but there were still dramatically more hassle than LTRS.  

Bakersfield could be good for one-night travelers but often the cleaning fees/expense makes hotels a better value for travelers than one-night STRs.  

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone who could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

There are active meetups in both Bakersfield and Fresno that can be a great resource for networking and meeting other local real estate investors.  

Just a quick reminder to all Bakersfield and Kern County investors that this meetup is tonight.