All Forum Posts by: Nhi Nguyen

@Michael Myers

Thanks for reaching out. I originally got some long distant rentals but were inexperienced after college so it was bad for me. Now I’m only doing locally within this area.

What I have is a main house of 3/2 with a detached 1/1 ADU in Pleasant Hill. What's your thoughts?

@John Underwood

Thanks for the input.

Last project we did, it was 16k for water meter, $26k for underground electric meter. We dug the trench within property line (from sidewalk to garage). 😁

I have a some properties in the Bay Area - CA (Hayward, San Leandro, and Pleasant Hill) that I’m leaning heavily towards MTR instead of LTR. All of them are very close to hospitals (2-10 mins max).

Some are ready right away, some in 3-6 months.

I’ve been self managing my small portfolio of LTR but I’d like to be hand off more so I can scale.

My options are to either let someone arbitrate my properties, or hire PM companies to manage them for me.

Please share your thoughts. I don’t have any experience doing either yet, nor I’ve done any “quick numbers” to compare. It’s in the planning phrase so inputs are highly appreciated.

Thanks.

Have anyone used their system for sub metering the utilities?

Any feedback on quality and the software?

We look around and theirs seems to be a complete system with free software access that users can customize and send bills to tenants using emails and/or text messages.

We plan to install a couple systems for ourselves and clients this week.

Hello all.

We’ve been self managing our small portfolio of rentals for close-to-home units.

We have a property with an ADU in Pleasant Hill we'd like to use a PM company to start scaling.

Please give some recommendations

Thanks much.

Hello BP.

Hope all are pocketing your big pockets nicely for the new year. 😁

We’re marketing our new purchase in the Bay Area (CA) for rent and have some questions about wording the description.

It's a SFH and previous owner converted garage to add extra bedroom and bathroom, with room for laundry setup. So main house now is a 4/3, ~1470 sqft.

They configured the back of the house to be a 2/1 attached ADU of about 750 sqft.

So to me, it’s a duplex set up. I plan to write something along this line but I’m not great at writing:

Front house:

- Main house is duplex-style (attached ADU in the back - NOT included) with 4 beds 3 baths, 2 outside parking spaces, no backyard access. Etc…

Please give me some ideas. Thanks in advance.

Hi @Luis De Jesus

Nice house. Have you had any luck signing up a contract yet?

I like your 3D tour and floor plan.

Which 3D setup you’re using?

Best of luck.

Nhi

I have a couple of SFHs in Hayward, right around 1200-1500 sqft (3/2), single story, dated.

Options are:

1) convert the existing room addition (and add some more) to turn it into an ADU in the back (~550 sqft for 1/1)

2) keep the existing room addition but convert the garage into ADU (350 sqft of 1/1)

3) remodel the existing addition as a forth bed room & 3rd bathroom

Rent for a 3/2 of ~1200 sqft around this neighborhood is ranging from $2800-$3200 depending on quality and layout, with the garage. I think 4/3 is about $3500-$3600.

Rent for 1/1 is about $1500-$1800.

I know the ADU will bring in more $ in total.

Concerns I have are regarding to the complexity of multiple tenants within the SFH zone: will there be problems with parking, disputes, noise (because of shared wall), sharing yard, etc.

Other concern is about the resale value. I’ve built multiple ADUs for my clients. But I’ve never sold one for myself. Would the $/sqft be the same as if it’s just part of the house?

Any other insights about this are appreciated.

Yes it’s 3 years for CA for disclosure. And yes I understand about cases related to AIDS, Down syndrome, etc. CA considers deaths that need to be disclosed as defects to the properties.

What I’d like to know from those who’ve dealt with these before is: if you’re a buyer, would you offer less, and by how much? If you’re a seller, did it cause any negative impact, and in what way?

Also, would you look at deaths caused by accidents (not a crime, but things like a fire, tree fall, etc…) any differently than natural causes?

Thanks.

Hello BPers.

For me, buying properties with natural death is not a problem.

What about other causes/accidents like fire or tree falling, etc …, assuming no foul play or crime?

Would you buy (either for holding or flipping) it? If you would, how much discount you’d anticipate if flipping within the 3 years of the death?

I know it would definitely affect the pool of buyers. But I’m not sure about pricing. I’m guessing I’d plan for accepting offers at 5-10% lower than usual.

Thoughts?