All Forum Posts by: Marcela Hoag
Marcela Hoag has started 5 posts and replied 59 times.
Post: Mike Yeung / Real Estate investor
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Hi Mike!
Welcome!
My husband and I are investors in the Greater Seattle area. Let me know if you have any questions about getting started!
Post: New Member Introduction
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Hi @Joshua Bruski-Hyland!
Welcome to BP! Also a Tacoma area investor here and have an agent license. Happy to answer any questions you have about tips & tricks about using the two together.
Post: Multi family with shared laundry
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Quote from @Marcela Hoag:
Hi Rey,
I live in WA, and it's a mixed bag. I think it could be a con if you're in a nice neighborhood and people are expecting more perks from their rental. Like others have mentioned, also depends on the size of the building. What areas and size of multi-family deals are you targeting?
Also, forgot to add, in-unit laundry could mean more maintenance for you, but shared laundry could also mean more inter-tenant issues that you have to deal with. Depends on which you prefer to take on.
Post: Multi family with shared laundry
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Hi Rey,
I live in WA, and it's a mixed bag. I think it could be a con if you're in a nice neighborhood and people are expecting more perks from their rental. Like others have mentioned, also depends on the size of the building. What areas and size of multi-family deals are you targeting?
Post: What's up People!
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Hi Will!
Welcome aboard! Are you sticking to strictly Seattle or neighboring cities as well?
Post: Real Estate Agent & Aspiring Investor
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Welcome aboard Ethan!
Post: Property management software for both STR and MTR?
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Hi Jennifer!
My husband and I do both STR and MTR with fully furnished units, and sometimes within the same unit. From our experience, it's not very difficult to switch from one to the other. E.g. Use STR to fill in vacancies between MTR, or during the summer when rates are highest.
I've listed some of the pros and cons below.
STR
Pros
- Higher rates, higher upside if fully occupied
- More flexibility to adjust rates depending on time of year
Cons
- More time consuming (both from filling vacancies and preparing for and onboarding new tenants)
- Potentially, more volatility in cashflow
MTR
Pros
- Less volatility, steadier cashflow
- Less time spent finding new tenants
- Attract different types of tenants like traveling nurses, who are high quality
Cons
- Can't command as high of rates as STR, but still higher than LTR
- Harder to take advantage of seasonal increases in rates during Seattle summers
Let me know if you have any other questions!
Post: Networking / Wholesaler
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
After you join that FB WAREI group, I suggest subscribing to a bunch of wholesaler mailing lists. You will find plenty of leads that way. :) Best of luck!
Post: WA State to Eliminate SF zoning?
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Quote from @Carlos Ptriawan:
Quote from @Account Closed:
Quote from @Jay Hinrichs:
I wonder how that works in practice IE water systems capacity sewer capacity and storm sewer .. not to mention power needs. I am sure there are plenty of areas where the utls are upsized to allow this but plenty where it will be the limiting factor on density. Just a thought.
The democratic-led city in the US going to be similar to Shanghai,Seoul, Bangkok and Jakarta within a decade. This is obviously fun to watch but the trend is soooooo predictable.
I bet in 2032 the gov. would come with other funky initiatives to make more affordable housing and rent lol
Ha, my husband used to live in Bangkok. Plenty of blackouts seem likely if we go in that direction.
Post: Intimidated / Trying to figure out which path to take
- Real Estate Broker
- Seattle, WA
- Posts 62
- Votes 33
Option A has my vote!