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All Forum Posts by: Jc M.

Jc M. has started 8 posts and replied 70 times.

Post: Where to house hack Las Vegas

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60
Quote from @Andrew Postell:

@Jc M. I feel like this is the perfect question for a real estate agent.  Do you know any in the Vegas area?


 Yup, spoke with one and trying to get in contact with others. It's a crapshoot.

Post: Where to house hack Las Vegas

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60

@Bill Brandt we have kids and yeah, schools are a mixed bag. Point taken on parking.

Post: House Hacking in Bay Area

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60

Abe, good luck with your house hack. Been there, done that. SF, Oakland, Berkeley and San Jose may have more restrictive rent controls and eviction protections than those those mandated by California, but many Bay Area cities are following that trend. Again, those controls and protections now exist Statewide to some degree. If you go into a three or four unit then tenants will receive those controls and protections. If a SFH or owner occ/tenanted duplex and depending on use and other factors, the rental unit may not be subject to rent control and enjoy less restrictive forms of eviction protection. Also, be aware that a traditional tenancy can differ from that of a boarder i.e. a roommate. These things matter because being a California landlord carries a huge burden and ignorance of tenant and housing laws can spell big trouble. Some BP members may throw out installing an ADU since we are under a checkbox approval regime until 2026. But again, understand how an ADU may affect your property ownership, use and control. IMO, you would do best to find a single family home and rent out rooms. Assuming Costa Hawkins holds up a while longer, they provide the greatest control over your property when renting it whole or selling. For the East Bay, I'd look in and around Hayward and Concord if good schools aren't important. If you can defray 50-75% of your total costs while house hacking The Bay, you've won assuming the long-game pencils out.

Post: Where to house hack Las Vegas

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60

Hey guys, looking to fully occupy then eventually house hack a SFH in Las Vegas. We've been eyeballing parts of SW i.e. Spring Valley, Summerlin as well as Green Valley from afar. Targeting $400k-425k; +4 bd, +2.5ba built within past 15 years; in solid middle class community with good assigned schools K-12. No workforce housing. Any suggestions on specific neighborhoods or planned communities?

Post: Why Stay in San Francisco

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60

Maybe, if you came here, you'd know why.

Post: Why Stay in San Francisco

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60

What cultural challenges? Do you mean crime or culture, or a culture of crime? San Francisco is a great town with great culture, but bad laws and leadership have allowed a big uptick in crime and quality of life issues. Buy here for appreciation not for cashflow.

Post: San Francisco old house kitchen remodel - need advice

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60
Quote from @Wen Chuang:

@Luka Milicevic: Thanks for your feedback.

We have seen some big houses here in SF that are still getting good rent by renting to tech working professionals (singles), like communal living. However, for this house, we have never done that before. Have anyone here on this forum done that in the SF rental market, and if so can you please share your experiences (especially about what these working professional tech renters are looking for)? Thanks!


 They want everything new. What other markets might consider luxury finishes are standard here. Been there, done that. Hope it worked out for you.

Post: Cleveland Property Management

Jc M.Posted
  • Rental Property Investor
  • Posts 71
  • Votes 60
Quote from @Bob Stevens:
Quote from @Bob Stevens:
Quote from @Rob D.:
Quote from @Bob Stevens:
Quote from @Julie Mistretta:

Hi! Looking for some advice from fellow investors in Cleveland. 

I have been having a hard time over the last 2 years finding a decent property manager. My previous property management kept inaccurate books, was unreliable with owner draw, and placed an unqualified tenant that has taken me a year + to get evicted (still an ongoing process). I finally switched to a new company in Jan 2023. Im getting several red flags, poor communication, took 3 weeks to post a 3 day eviction and then another 4 weeks to file paperwork with the court. I am paying for landscaping services and my long term tenant was reached out to me to let me know the PM has never been to the property for landscaping etc, etc... 

Cleveland has been a rough go for us in terms of finding good help; but I still believe in the potential of this property. I have feelers out on Realty Now and Cleveland Property Management group as potential new PMs. 

Any suggestions of reliable PM in the area? Duplex is located in the Euclid area. 

Thanks!

Julie 


 I know them all. I am aware of who to stay away from as well. I have extensive experience out there doing about 500 deals over 10 years. Nothing I do not know about the Cleveland markets,  Happy to recommend. 


 Can you please post your recommendations publicly?  If no, why not?


against BP rules, 

All the best 

Happy to help i know them all  


 Hey Bob, we have several properties in Cleveland and would appreciate any PM referrals you can provide. Please PM me. If there's something I can do to return the favor, just say the word.

@James Wise, yup feels a crap shoot. Lesson learned.

Update: so, after the crappy appraisal and the lender dropping my loan since it went sub <$50k I found another. The new bank appraisal came in at $92k and they'll be cutting us a check for $65k (less fees) after we sign tomorrow. I'm pleased to recover the purchase price one year later. Like @James Wise said, maybe difficult to comp North Collinwood, but hard to believe the latest appraisal came in 39% higher than the one prior. All turned out well!