All Forum Posts by: Matt K.

I didn't read the full doc yet, but was there any verbiage about a landlord having to participate/sign up for section 8?

Like as in, landlord does not participate in section 8 would be ok?

Might as well go through the exercise of seeing what you could likely walk away with...and then what you could do with that money.

If you can't hit a number that works, keep renting it...if you get the magic number sell it and move on.

Alameda could be a nice option, if work is close to the ferry... Alameda would be more expensive though but pretty diverse tenant pool between military and people who work in Oakland/SF

Maybe there's a path I'm overlooking, but at first glance...by the time a dumpster is involved so would be an agent for most people.

Normal people aren't getting a dumpster on their own...they'd do something like junk hauling.  Dumpster gets ordered by a contractor or similar or the active/experienced owner. 

Expanding on the idea though: 

lawn care, handyman, cleaning crews that do move out/in cleans, and junk removal companies might get you in before competing agents.

Quote from @Jagpreet Singh:

Hi All,

I live in NY but have family in the bay area. I'm looking to get a property in and around the Emeryville, California area. Would love to work with a knowledgable buyers agent. Any recommendations?

I'm very familiar with the area, feel free to reach out to me if you're interested.

One downside to that area can be parking, it'll be crowded often and annoying. The Alameda cops are also very strict with enforcing the speed limit and all the limits in Alameda are low haha.

As a rental you'll never really be able to compete with the old time landlords at low price points. As a primary I love Alameda and that area is pretty nice.

I used to live out there, feel free to message me with questions or you want more feedback 

It wasn't enforced at all for years... And then by the time things go serious there was no way to come into compliance in a timely manner.

i don't recall the exact outcome, but if I remember right there was talk about allowing an ameisty type period for people to go legit and then be grandfathered. Which then went to as long as it was permitted by a future date....then an arbitrary date on December....and then city canceled all pending applications and made it effective immediately.

I am curious though how this plays out for owners/tenants (with owners consent) in being able to register and operate. All the focus has been non resident owners lately...

I got brain cells to burn and am also in the east bay lol

Quote from @Dan Bitner:

@Matt K., I think it makes it tougher, but not impossible.  If the property's occupied units are already at or near market value you have a chance.  Certainly, if you live it in for a year and then vacate, you can list it at market value.  Example: https://www.redfin.com/CA/San-... the occupied 2 bed is at $3200/month and you can probably get $3500 for the second unit.  Rent control would be a 2-3% up charge per year so an extra $100/unit/month.  Depending on downpayment & purchase price, you could still get some modest cash flow (or at least I hope so)

That unit you linked is going to right near 9k mo to operate, not including any maintenance which these old buildings will need at some point.

so at current rates and situation, you're getting 3200 on side and you'd need 5800 for the other side.

if you bumped up rent on the other side you'd still not get the 4500 you need, you'd be a thousand short.

plus little upside for that property because it's already nice and you're only left with appreciation.

I am not saying your idea is bad, but you did pick a location that makes it almost impossible. From a inventory/rent perspective there's better locations outside of SF.

And again this assumes you're going the low down payment route...

Isn't rent control in SF is going to make this damn near impossible....