All Forum Posts by: Ivan Alvarado

I'm new to the buying-a-home experience and I'm curious if there are any unwritten rules of working with multiple realtors? I'm shopping for an investment property in a market I'm unfamiliar with and I'm working with a local realtor in the area that has proven to be very knowledgeable about the Airbnb laws for that county. They seem very experienced and knowledgeable and had really good reviews on Yelp, but I feel like they're lacking a bit. They aren't very responsive and they haven't sent me a lot of properties to sort from. Granted, I know this may be due to many factors (low-inventory, slow market, etc.). 

I've communicated to them my investment goals so that they keep them in mind when searching for properties, but I have notifications set on Realtor myself and I find properties myself. But, when I send my realtor what I've found, they quickly veto them for "x" reason.

I'm curious if it's ok to work with multiple realtors? Will it have a negative impact on my search? Should I try someone else? Any unwritten rules I should look out for?

Thanks!

Thank you for the valuable insight everyone. Spent the day reaching out to multiple property managers and the average rate is a whopping 30% of the booking revenue for the area I'm interested in! Granted, all are very invasive and handle EVERYTHING. They manage the listing on Airbnb, hire the cleaners, communicate with guests, work with contractors, restock household items, etc. The only communication between them and myself would be an invoice at the end of the month that itemizes all expenses and revenue.

I was hoping for something less invasive, like checking up on the property after every guests' stay and letting me know of the property's shape. I'm fine with dealing with the rest.

@Jimmy Woodard I sent you a request to connect so I can pick your brain on this!

Thanks again everyone!

I am currently shopping for an investment property that I plan to run as a Short-Term Rental on Airbnb from afar (2.5 hours driving distance) and I am currently investigating property managers/management companies for quotes. I'm wondering what should I be looking for in a property manager for this? For example, changing lock combinations, house inspections, communication with guests, etc. What can I punt to the property manager and what should I be handling? 

In addition, what are things I should be asking property managers when I'm vetting them for the job? For example, rates, availability, response time, etc.

Thank you for your responses!

I'm about to start "house-hacking" my home for the first time and I'd like to consult a licensed attorney that specializes in Housing Laws in California, specifically the Los Angeles area. I'd like to be as prepared as possible to make sure I don't violate any laws, since this is my first time doing this.

I'd like to network with attorneys in the area to make sure I have all the necessary legal documents to get started leasing part of my unit.

Are there any other resources I can utilize where I can become/stay informed of the latest Landlord-Tenant laws here in Los Angeles, CA? Any tip/suggestions with getting started are greatly appreciated!

Is anyone worried about Prop 10 and how it will affect landlords? I'm starting out with Rental Properties and, just my luck, California is trying to pass a Bill that will, from my understanding, put restrictions on how much a landlord can charge for Rent for their rental units because of the current ridiculous cost of living here.