All Forum Posts by: Jason Chung

Hi, I'm moving to Connecticut and will be working between east of New Haven towards Guildford to Waterford/New London and up to Norwich. I'm looking for an investment property/house hack around those areas, preferably close to the water, and a multiplex. Do any of those areas (or surrounding areas) have a:

1. Good positive cash flow/appreciation?
2. Strong rental demand?

Any assistance and investor friendly realtor recommendations would be greatly appreciated.

Thanks Bob I'll DM you.

To the rest of the community, has anyone used RevaGlobal before? Thoughts?

Appreciate the response. I ended up passing since I was able to find a more qualified tenant :)

I currently manage a property in California doing room rentals. For the most part it's been pretty manageable. When it comes to re-leasing I have one of the existing tenants do a walk through with an incentive that if the new tenant ends up signing a lease the existing tenant would get a kick-back.

I would be looking for a VA to come in to take care of the day-2-day (i.e. any ad-hoc requests, fixes, cleaners), re-leasing and screening for new tenants, posting on rental websites when a room needs to be rented, etc.

Has anyone used any VAs for this purpose and any recommendations? Thank you in advance!

Title says it all. I have someone who reached out from livesmoves.org with a client  who is employed, but is currently living in a homeless shelter, and the past residence he was not named on the lease (i.e. it was on his ex-gfs), and has a credit score <450.

Lifemoves.org will cover 100% for the 1st 3 months, 75% months 3-6, 50% months 6-10, 25%, months 10-12 and provide their client with personal finance support, i.e. budgeting.

Should I even consider them?

I believe in 2nd chances, but at the same time all the mechanisms I use to vet a tenant don't apply here (i.e. I can't call past residences to see if they paid on time or if their were problems), and credit score is a red flag.

Thoughts?

First in line makes sense. I don't really see that as a concern as long as you specify what makes a qualified tenant without discriminating against one of the protected classes.

I always hear folks saying Seattle is not landlord friendly, so I should not buy an investment property in Seattle. But reading up on the tenant/landlord rules, I don't really see any concerns. What is everybody worried about?

There is no rent control. I can increase rent as long as 1) I give 60 days notice if its above 10%, and 2) it's on a month-to-month. 

I'm trying to understand the Kent, WA area, nearby the Kent Station Shopping Mall. What class area would this be considered? What would be considered good rents for a 2bed/2bath? What cap rates are places selling for in this area?

I found rents for a 2bed/2bath would go for $1700+

Appreciate the help!

I'm trying to understand the Kent, WA area, nearby the Kent Station Shopping Mall. What class area would this be considered? What would be considered good rents for a 2bed/2bath? What cap rates are places selling for in this area?

I found rents for a 2bed/2bath would go for $1700+

Appreciate the help!

I was talking to a real estate agent and they said my property tax will be based on the assessed value and not the price I bought it for. I thought that my purchase price would automatically be made the assessed value when I make the purchase. Is this not true?

If so, is it ~1% of my purchase price?