All Forum Posts by: Nicole Masters

Hey Stephen! My buddy DJ Dawson does flips in the local area and is also a contractor taking on new work (I believe) 

You should reach out to him :)

 I grew up in a log cabin my entire childhood so I've been dying to get back to that every since!

 Wow! This is awesome to read about. We currently do rent by the room househacking in our primary residence, but it's all long term tenants. Our rooms make us about $800-$900 per room. I'm curious how long your stays are and what types of people you get coming through?

I second what Nick said, if you can (and I suggest doing almost anything to make it work) buy a house while you're still in college and rent out the rooms to other college students. My husband always wishes he had done this is college as he was already sharing a house with 6 other dudes anyway, so why not get paid for it! If saving up/qualifying for the loan is your biggest hurdle, there's plenty of people with money out there that would love to have a savvy young college student living in a college town renting out rooms and acting as an onsite property manager. Just start going to local in person meetups and keep telling people what you're looking to do, eventually, with enough face time and knowledge you'll be able to work something out.

Also, don't let your age ever be a deterrent, or make you feel like you don't belong in the space. Your young age is going to set you apart and other investors are going to admire you and your tenacity. You got this! :)

 You and me both lol. Our dream is an A Frame cabin in the woods! Not sure which woods, but some woods haha.

 Hey Tony! I'm pretty familiar with the area and with renting out units, I wouldn't be too worried about the amount of time it's been up. It takes me on average 2 - 4 weeks to fill a room with a quality tenant. My situation is a little different because I am renting out my bedrooms and I am in Roseville, but I've noticed it's been taking just a touch longer for quality tenants to apply in the past 6 months. October is known as the slow down of people buying houses and moving. 

South Natomas isn't quite as nice as North Natomas, but not a horrible neighborhood you shouldn't have a ton of trouble renting out. My only other suggestions (which you may have very well have already done) is make sure you have professional photos of your unit and that it's listed on as many sites as possible. I've noticed when I look at comps for rentals in the area 98% of houses have dingy blurry cell phone photos. You can make yourself stand out by having the nicest photos on the page. I have a few local real estate photographer suggestions if you're looking for any.

Also, congrats on the purchase! I know sometimes it can be daunting to enter the landlord world, and not all the comments on BP come across as friendly, but you're doing an awesome job and you'll do great! :) 

We bought a Yucca Valley STR 1 year ago and have been successfully getting mid term bookings, though that wasn't our initial intention. Our guests are just looking for temporary housing while they seek out a more permanent housing situation. I get really nervous as any of our mid term bookings start to come to an end because I'm not sure when we'll get another one. I don't necessarily regret our purchase there, but we are not looking to expand in that market by any means.

Wow! What a beautiful home! It's unique to find a place in the desert with an actual pool so you'll definitely be a rare find with that, great job!

What area is this in? And what are you asking for rent? I would consider possibly holding out for better tenants, how long have you had it posted for?

 This is some solid advice! I like the idea of driving an area after dark to see what you think of the area.