All Forum Posts by: Kalen Jordan

@Rick Santasiere - got it thanks.  Almost seems like the recession was close to a net positive for the rental market.

And yes, I was actually one of those people that put their hand on the stove and got burnt!  Bought our first primary home (in California) in 2007 :)  Knew absolutely nothing about the market.  Managed to hold onto the property through blood sweat and tears but then ended up selling it after 8 years and not really minding being a renter for a while now :)  

Even though I want to own rental properties I'm hesitant to get into an (expensive) property for ourselves as it's just a lot to bite off and risk.

Thanks @Juan Carlos Quiroz Zolezzi - makes sense!  Already learning a *ton* from just reading these forums and the podcasts.

@Michael Boyer that's really interesting!  Thanks so much for the first-hand insight!  Very interesting bit about the good quality renters that came out of it - unintended consequences.

@Lila Matessino got it - interesting!

@Dawn Brenengen - wow, that's incredible.  My hunch was that good cash flow rentals with solid fundamentals wouldn't be affected that heavily, so this definitely reinfornces that.

@Carrie Giordano thanks Carrie.  Yeah I don't have markets isolated yet - I want to try to find a good turnkey company to start with.  Trying to do some good research on that.

@Jeff Greenberg, yeah makes sense. I feel the same way.

@Ali Boone, I actually liked the types of properties you were describing in the podcast episode on turnkeys. I like the idea of properties that are probably in B or B+ areas - maybe something in the $80k to $100k purcahse price range.

Don't have any specific cities isolated yet.

@Larry K., thanks Larry I appreciate the feedback. Maybe once I get my feet wet I'll think about handling management but for now I want to keep things as low maintenance as humanly possible.

@Dawn Brenengen, gotcha makes sense. Yeah I definitely want to stay in the B territory. Maybe eventually I'll find that I can manage on my own if I have solid renters - we'll see

I'm curious to hear from people who had cash flow rental properties during the 2007 recession how they performed. 

Is it easy to find historical charts on unemployment rates and vacancy rates?

@Brandon Hall - got it thanks Brandon :)  I wish everything could be a biz expense!

@Elizabeth Colegrove - interesting - you seem like the type of person that would love to be (and enjoy being) a property manager!  I don't think that's me :)

Definitely see what you mean about finding a good renter.  I had a friend say that their dad sub'd out the rental process to an agency and the rental agency got a really bad tenant in there. So definitely if you have a bad PM that gets bad renters in there it will be more headache in the end than doing it yourself and doing it properly.

@George P. thanks makes sense!  Definitely sounds like a lot of work to me!

@Matthew King - gotcha makes sense!

Thanks @Chris Dawson - makes sense!  The BP calculator that I since discovered seems awesome.

Thanks Ali.  I'm not sure if you'd care to share, but I'd be curious to know how many units you have and what kinds of returns you've seen over the years.