All Forum Posts by: Nicole Masters

Hey Forrest! Theres a West Sac meetup that is the last Tuesday of every month, and a meetup in Roseville that I help run on the first Tuesday of every month. I'll post the meetup links here :)

Please let me know if you have any other questions about the events :)

West Sacramento Meetup

Roseville Meetup

We use Avail.co and use our state specific (California) lease. Avail allows you to have different units under one property, so each one of our bedrooms is unit #1, unit #2, and so on. We added specific house rules in there that apply to our house, like which bathroom the bedrooms are allowed to use, parking on the street, keeping common spaces clean, etc.

 We don't personally do this, but it's a good idea to avoid any future issues!

We always include our utilities, it's a lot easier than venmoing everyone $37.13 here, $7.59 there, $14.28 over there. You get the idea. If you have an idea of how much your utilities are then just include that in the rent, if you don't, you can call your city and sometimes they can give you a guesstimate of what they would be based on the size and area of your home. 

It also eliminates any potential animosity between roommates if one feels like they use less water/electricity than the others. 

Hey all! Sorry for not seeing your responses earlier! Yes I run a meetup in Roseville with my husband and another co-host of ours.

I'll send you all DM's with the link as well as post it here for anyone else interested :)

https://www.meetup.com/rei-con...

I have an update to this, I mis-spoke about the permitting. There's a difference between Sacramento city and Sacramento county laws, sooo it depends what jurisdiction the address falls in. A quick hack to find this out is, if the street sign is green it's in the city. You can also do a parcel search of a particular address to see where it falls. You could also call the city at 916-808-8500 ext. 2 with any questions.

Go to this link and type in the address then look for the jurisdiction. Sac County Assessor

Sacramento City allows you to use your property as a STVR for 90 days of the year, and then you can apply for a conditional use permit which makes exceptions to that rule allowing you to operate as an Airbnb without living there.

Hey Louie!

I househack and rent by the room, we do long term tenants in our rooms, but would do MTR if we were closer to hospitals. 

As far as good areas go, that really depends on your price point.

When it comes to SFH vs. multifamily, I would rather rent my rooms and share my personal space than be in a multi-family neighborhood. That's my personal opinion, but it doesn't necessarily align with other people's values (aka not wanting to share common areas). I really like the tenants we attract with single rooms in our B+ neighborhood.

Of course! We also hold a local REI meetup in Roseville on the first Tuesday of every month where you can always ask those kinds of questions to the group.

There's another one in West Sac the last Tuesday of every month. Let me know if you want the meetup links to either!

4 years ago. My husband and I had just started listening to BP and getting interested in educating ourselves in the space.

We were on a day trip to Tahoe and on the way back saw some super bad *** looking construction going on and decided to pull over and check it out (as one does when on a romantic date with their partner lol).

We ended up talking directly to the builder and received a private tour of one the only built models on the land. It was a GORGEOUS modern 4 bed/3 bath SFH with high end fixtures, appliances, and materials. They were almost all listed around $1,000,000 and in one of the only STR friendly areas in all of Tahoe. It was obvious even being a total newbie that this was an amazing price.

There was only one functioning house built on the development and the owner was currently renting it on Airbnb for $600+ per night. I found her on Airbnb and chatted with her about occupancy rates and how the area did. It did well.

For a $5,000 deposit we could have had one of those houses reserved for us, and figured out the money part later. 

But we didn't.

Less than 1 year later they were being resold for $2,000,000+. ONE YEAR LATER.

I strongly agree with the loan portion of this! My husband and I are both on our primary househack and both on our STR. I wish we had done one person on each loan (and both on title) as we are now looking at getting a 3rd loan, but I've since left my W-2 making it more difficult. If you can qualify with one person, absolutely pursue that route. If your lender isn't investor friendly or invests themselves, I strongly suggest you find one that does.

Also, most home insurance companies should be able to give you STR insurance and ours wasn't too much more expensive, I think only a few hundred bucks/year.