All Forum Posts by: J. Martin

Hey @J. Martin

Take a look at running a "preference test" on Verify App http://verifyapp.com/tour/preference-test

I use them for the work I do A/B testing and conversion rate optimization, I'm in no way affiliated with them. 

Anyway, you can do a free trial, take the jpegs from 99 designs, and have complete strangers vote on which is best. I think that's a pretty good way of getting people's "visceral" gut reactions to it, if you're interested. 

Hope this helps man! :)

-Danny

This thread has been very useful and timely.  I was at the summit last weekend and like many was very fired up after hearingl, Al,  Kimberly and David speak on monthly rentals. 

I have been investing in Long term SFR for a while but because if these sessions I am now looking at short term in Hermosa Beach. The problem, only thing o buy that could CF is a condo and the HOA scares me.

Minh brings up some great thoughts on this so Thank you! 

Brian

@Jake Knight, @Andrew Wong, @David Kyo and @Kent Baltare,

Enough with the nuisances. So how do you find owners that would allow you to sublease their property? What does J Martin usually tell you guys? Network, network, network. Your network = your net worth. If he knew what he knows now, he would have network a lot sooner. Didn't he say that? It takes time and serious commitment to achieve what J has. If what you've been doing is not working, shouldn't it time to do something different?

As far as I know, J leases 11 out of 15 units through his networking with local BP property owners. Astounding isn't it? It takes time to build trust and relationship. He didn't get there over night. I know his mark up on my units are between $1,800-$1,850/month and his goal is to net at least $1k/mo/unit. He has a good team that takes care of furnishing and cleaning up the units between turnovers. He just left for another trip to Southeast Asia this afternoon. All I can say is that he got this biz figured out. It sure beats a W2. Well, maybe.

As a property owner, I don't see myself say yes to allowing someone to sublease my property. Put yourself in the owner's shoes and you'd understand why. Something to think about. As you dig more into this niche, I'm sure you'll find more obstacles as well as opportunities. 

Best of luck.

@Chris Mason and @Andrew Wong,

This is definitely a trial and error for me. This is what I've learned, and it's not quite pleasant IMO. This is my sole opinions, and it has nothing to do with J's operation.

1) The location of the building/house has to be right IMO. Otherwise, your neighbors will complain. How do you like living next to a house that has different people coming in and out every several months? Did I mention there's a chance that your tenant MAY throw Airbnb guests when there's a one or two week gap between his/her corporate rental turnovers?

2) Noise issue - Sometimes, they have too many guests in a unit. This create noise issue. If you can cure it quick enough, your long-term tenants may use this as an excuse to break the lease, or they will move when their lease ends. You will only find out after the fact.

3) Safety issue - Your building is now operating like a hotel/motel/transient place rather than a "home". Your long-term tenants no longer feel safe because they don't know who lives next to them. If they want to break the lease, you have to let them out, or they move out when their lease ends. Again, you will only find out after the fact.

4) Does this mean you should run all of your units as corporate rentals or none? If all, the turnovers would be quite a bit. This goes back to the location of the building has to be right.

5) For 5+ unit buildings, our lender doesn't lend to furnished rentals. How do you plan to refinance when the loan is ballooned?

That's what I've learned so far...I hope there's nothing more to come.

ATTENDEES, LET'S SEE YOUR HAVE'S AND WANTS BELOW!
And what speakers are you most looking forward to?

@Aaron Henretty, @Adrian Sherman, @Alan Yuen, @Alex Kholodenko, @Alice K., @Amar Sandhu, @Andrew Cabello, @Andy Kaufman, @Angelo Wong, @Account Closed, @Annelyse Finley, @Ashok Bhojwani, @Avineet Garg, @Bernie Baker, @Bill Ganci, @Brian Larson, @Charles Ma, @Charlie Brown, @Chris Chia, @Chris Mason, @Daniel Cota, @Danny Duran, @David Faulkner, @David Poulsen, @Deepika Tandon, @Dina Eisenberg, @Enrique Saucedo, @Eric Z., Wong, @Eva Poon, @Faiz Sadeq, @Gabriel Baltierra, @Harper Sharma, @Henry Fuerte, @Janae Lacey, @Janet Voss, @Jason Hsiao, @Account Closed, @Jennifer Anderson, @Jeremy Geng, @Jessica Yau, @Jimmy Ho, @Jody Ryden, @Johnny Wow, @Jonathan Wu, @Juan Valle, @Justin Louie, @Kali Braunschweig, @Karen L., @Kathy Kalaba, @Katie P., @Kenneth Hynes, @Kimberly Stofan, @Lane Kawaoka, @Lindsey Haines, @Mai Vo, @Mano Chidambaram, @Mary Ann Casey, @Merced Fityan, @Michael Merritt, @Michael Ryan, @Mick Harvey, @Morgan Moore, @Myo Thien, @Nghi Le, @Nicholas Lohr, @Nischal Belthangady....

**************************************************************

J Martin
Have's:

1) Lots of Connections in the SF Bay Area in wholesaling, flipping, multifamily, etc.
2) Knowledge about furnished rentals, corporate rentals, Airbnb, etc
3) Knowledge about rent control in Oakland & San Francisco
4) Connections & knowledge about lending
5) and this !
6) Economic Research & Speculation

Wants:

1) Pay you market rent for your apartment in the SF Bay Area, and put awesome high-quality corporate renters in.
2) Land in Santa Cruz County
3) Interesting investing opportunities everywhere
4) Travel the world!

***************************************************************************************

Have's and Wants! Put 'em here! See above..

Attendees... Continued!

@Ori Skloot, @Patrick Bawer, @Peggy Liu, @Penn Viengxay, @Perry Z., @Peter Jun, @Peter Mateja, @Peter Mckernan, @Rachel Bier, @Rahul Bhatt, @Rajesh Patel, @Raman Bindlish, @Raymond Yeung, @Richard Townsend, @Rizalene Acosta, @Ruben Guerrero, @Ryan Arth, @Ryan Landis, @Sandeep Arora, @Sandeep S., @Scott Bohrer, @Scott Malkin, @Scott Sewell, @Account Closed, @Sergey Tkachev, @Sim Peyron, @Srinivas Swarnapuri, @Stephanie Gupte, @Stephanie Long, @Tim Garcia, @Timothy Tooker, @Timothy Farrell, @Victor Meng, @Warren Tseng, @William Yu, @Zach Shepard,

And some of the meetup leaders and moderators..

@Arlen Chou, @Account Closed, @Jay Orlauski, @David Oldenburg, @Shane Pearlman, @Troy Fisher, @Daniel Graff, @Bill Tan, @Barry Jekowsky, @Lenska Bracknell, @Bobby Sharma,

@Jelani Young one of the best opportunities to meet people and get connected is coming up in your old stomping grounds.  @J. Martin will be having his big summit on the 27th and 28th.  You can check out the line up and sign up at www.sfbaysummit.com.  There will be 20 BP podcast interviewees speaking at the event and hundreds of local and national investors and industry professionals.  No hard selling at the event, so it is a great relaxed way to gain some knowledge and meet some great people.

Hope to see you there!

-Arlen