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All Forum Posts by: J. Martin

J. Martin has started 162 posts and replied 3640 times.

Post: Newish from Oakland, CA

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925
Originally posted by @Osazee Edebiri:

Alissa Kronovet Welcome to BP,

Oakland Investor as fairly new as well, looking forward to seeing you at a meet up.

J. Martin would love to know when that meet up is, how do we get updates?

 Osazee, 

The meetup link is on my profile. Join the group, and you'll get the updates! :)
Looking forward to meeting you soon!

Post: Need referral for short term rentals

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

@Paolo Ruggieri,

I agree with others that it is a bit of a job. But I managed more than 10 of them myself while I was still working a full-time job. So it's doable. But as @Mark Graffagnino said, check rented.com (basically to connect homeowners with short term rental operators). Also, you can try searching on Craigslist or Google, then vet them. Airbnb said they will start allowing superhosts to manage other owners' listings for a %, but they haven't rolled it out in most cities yet. Just testing it. 

@Ariel Smith

Thanks for the shout out! Gotta keep your people happy :) I've been expanding .. Have more units in Mountain View, so hit me up!

Post: Tenant disappeared without informing me of problems

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925
Originally posted by @Xin L.:

haha a chemist.  so do you guys write the inspection terms into the lease or is it just enough to give a tenant 24 hours notice?  

Xin,

Is this in the Bay? Or somewhere else? 

DISAPPEARED
It's less typical here in the Bay Area, depending on tenant class, but have heard of people just taking off without saying anything in low-end areas and the midwest. Especially if the deposit is small and/or they are behind on rent. 

INSPECTIONS
In the standard California Association of Realtors lease that most CA landlords use,  there is a clause that allows for entry w/ 24 hour notification, including to inspect the unit for maintenance purposes. Typical areas of water intrusion might include below sinks, at windows etc. So you can reasonably see most of the unit.

I have cleaners that see the entire interior of my units on about a quarterly basis. I would not send them in that often for a long-term unfurnished rental. But have that ability in my businesses.

TENANT NOTIFICATION
By the way, a typical lease requires the tenant to notify you if there is something leaking or damaged. However, difficult to prove whether they knew or not, and difficult to enforce/get damages for them not having told you. Probably not worth the effort. 

CONTRACTOR
@Daniel S. is a contractor here on BP and a good guy :)

Post: Newish from Oakland, CA

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

@Alissa Kronovet

Welcome to getting more active!
Most of the meetups I go to are in the South Bay. I used to have a meetup every month in Oakland or SF, but have been in Asia for a few months, and lost my venue! Will have one soon. :) 

@Maya Clark

Same thing. Follow @Chris Mason and @Dave Visaya's advice on searching and keyword alerts. And come out and say hi at our next meetup too :)

I have a few properties in Oakland and Richmond and various other business interests around the East Bay and South Bay. Love Oakland!!! :)

Post: Summit at the Guild - On the Rise! Sacramento Region

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

@Jason Ong,

Send me a message on my profile phone number and let's meet up in Sacramento! You know any other locals who might want to make it out..? Tag 'em!

@Sergey Tkachev

Great to see you alive and kickin! I assume I'll see you there? 

@David Hays,

I love Spain! You're not gonna fly back from Europe for this? I'm flying back from Taiwan ;)
www.jmartintravels.com

@Anna Myers,

Looking forward to seeing you there! I'll buy you a drink :) Tag anyone else you think might want to go? 

@Chris Mason,

Gotta get the attention of anyone who might be interested.. You finance in Sacramento right? Are you gonna come up and rub elbows with the folks doing all the business up there? They could use a lender who steps up for their borrowers too ;)

Post: San Jose Meetup - Thursday 3/16/17

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

Hey @Johnson H.,

Been so long since I've been able to make your San Jose meetup!
I'm flying back from Taiwan on the night of the 15th, so assuming I sleep for less than 24 hours when I get back, I'll come out and say hello to everyone! 

www.jmartintravels.com

Haves: Lots of travel stories & advice, furnished rental / Airbnb experience, Oakland rent control / RAP, Section 8, probably doing 1st eviction soon, bought a foreclosure, wholesale deal back in the day, and interested in tiny homes and maybe look into mobile home parks.. And maybe hotel in the next downturn. 

Wants: Bay Area apartment & home owners who want low-headache tenant who pays rent early ;) trade war stories, real estate advice, travel destinations, hotel & short term rental operators, and a drink! ;)

Hope to see some of the homies.. @Arlen Chou, @Account Closed, @David C. can you make it out? My first full day back in the States ;)

Post: Summit at the Guild - On the Rise! Sacramento Region

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

San Francisco Bay Area investors!!

Time to take a trip up to Sacramento!

I'll be flying back from Taiwan to attend Al's Summit, along with @Anthony Addessi
I think we'll be staying up there for at least a night to hang out and soak up some of the Sacramento atmosphere - maybe check out some properties. 

Who else is coming? @Anna Myers

What about others?

@Elijah Artman?

@Megan Faustman, are you going to make it? 

Who else from Bay Area in Vallejo? Napa? Sonoma? 
How about nearby Sac in Roseville? Davis? Elk Grove? Rancho Cordova? Folsom? Arden-Arcade? Citrus Heights? 

Looking forward to learning more about the Sacramento market, individual neighborhoods, and especially the short term rental/furnished market.

Thanks for putting the event on @Al Williamson! :)

Post: I don't understand when people refi and "get their money back"

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

Velocity of money..

If you're return on equity is higher than the loan rate, borrowing often makes more sense ;)

Post: A Story of Discovery

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925
Originally posted by @Account Closed:

@Rick Santasiere, nice going for putting that lease-to-own deal together.

@Zachary Sit, I have no idea who Stephen Covey is. Success for me means I get to spend my time anyway I want. I want to be able to drop my daughter off at school and pick her up everyday until my wife took that job away from me. :(

I just got a text from @J. Martin. For him, it's wake up late, wear flip flops and travel. Who says money doesn't buy happiness? Try to have some first. Then we'll talk. ;)

Making money is great, but being able to give back is such a nice feeling. I've been thinking of a way to sponsor an orphanage where I came from. J Martin just reached out to me and asked about it so he could donate some money. I'll get there. ;)

How do you determine a successful woman? A woman who makes more money than her man can spend. How do you determine a successful man? A man who can find such woman. Every time I tell this joke, people think I married into richness. It's semi-true. All my wife asked was that I stay home to take care of my daughter. Find one of those and you're set. I told J Martin this all the times, and he still thinks I'm kidding. LOL!

 Zachary Sit,

As Minh said above, I got tired of the "w2 life," waking up early, wearing suits and ties and shiny shoes, and playing diplomatically with all the execs in the sandbox. I wanted to wake up when I want, wear what I want, and travel the world.. The bigger goal is to be able to mentor and help others more, both in Real Estate, and those having a tougher time in life. Here is the orphanage Minh was talking about. I'm donating and will be raising some money to help those less fortunate..

http://www.ducsonorphans.org/

And your money goes a lot further in Vietnam... I think it's kind of like Maslow's hierarchy. Once you can provide for your basic needs, you can spend a lot more time focusing on helping others.. Real estate can do all that. Definitely find some smart folks that are more experienced than you in real estate and in life. Minh, @Arlen Chou, and others on this site have been a huge benefit to my life and investing. Arlen has another idea on helping vulnerable populations overseas.. but I'll let him share ;)

Ironically, I just arrived in Taipei from the Philippines! I went to the Tonghua night market last night and had some tasty dim sum, delicious balls of I don't know what, and some sweet jelly dessert! Yummy :) And everyone is so nice here :)  Sounds like you've spent a lot of time out here.. Have any Taiwanese friends that might want to go out to Karaoke or for a drink with me and my girl? (I'm buying ;) Always great to meet some locals..

Post: Huge RE Networking Summit! SF Bay 8/27 & 8/28/16 - 20 BP Greats!

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
Posted
  • Rental Property Investor
  • Oakland, CA
  • Posts 3,818
  • Votes 2,925

@Shawn Ackerman,

We had a lot of the BP Big Guns out in Oakland late last year, but @Joe Fairless is putting on this event in Denver this weekend. Fly out and check it out!

@Amit M., I think Joe named his show far before the Trump candidacy. So he should be asking Trump for some of that sweet royalty money ;)