All Forum Posts by: Max Reynolds

@Lesley Cabrera I would highly recommend that you speak with a commercial real estate broker(s) who specializes in industrial properties for the market your property is in. While you might be able to sell the building to the tenant at X price, a specialist might tell you that the building is worth Y and it should be taken to market or shopped around to the top Buyers to achieve the highest sales price. In my professional opinion, appraisers don't know values as well as good brokers who are on the frontlines doing deals every day and a Broker Price Opinion (BPO) is more valuable in this scenario. Industrial is a small market, top brokers know who is looking for what and how much they are willing pay. BPO's can be done free when brokers are pitching a for sale listing or you can pay for one, which is typically around $1K. While you might pay a commission using a broker, the potential additional profit could be well worth it. If you would like any referrals, I am happy to provide contact info for top industrial brokers in SD or LA. I was in the commercial brokerage business for 8 years and know who the top dogs are.

0 Votes

Los Angeles County, California

Investors / Flippers - do you install wireless security systems at your projects during/after construction? Do you leave for Buyers or take with you to your next project? Any set recommendations? Thanks!

0 Votes

Looking to obtain my NJ RE sales license and wondering if anyone has a preferred online course they took? Thank you

1 Vote

Jersey City, New Jersey

Noah - I appreciate your reply. Yes, I know how it goes. I've had great success in SD with getting rent approved as long as it has been under the payment standard rate for that zipcode and wanted to see if dealing with the housing authority in Sac is the same? As long as you can justify your rental comps even if it is a premium

Quote from @Noah Laker:

Hi Max, I'm a real estate broker, investor, and property manager here in Sac. Right now I manage 100+ STR and very little LTR, but my background in multifamily involved a lot of section 8.

My experience was generally NOT GOOD, both with the tenants and trying to deal with the housing authority. However, the Section 8 will often overpay if you know how to select comps, so from a purely financial perspective it can make sense depending on the property.

Also, most landlords in CA don't know that they are REQUIRED to accept section 8 under SB329, and much less how to navigate the system.

What exactly would you like to know? Happy to help.

0 Votes

Sacramento, California

Looking to connect with someone who has had experience renting to Section 8 tenants and dealing with the housing authority in the Sacramento area. Thank you

5 Votes

Sacramento, California

@Ray Hage is spot on. This would rank as one of the most important attributes for me. There is so much more that you learn through the process of property ownership that will have you analyze and underwrite properties much differently than agents who do not own property will. It wasn't until I purchased my first rental property did I realize this.

1 Vote

San Diego, California