All Forum Posts by: Nicholas Schulte

Thanks for the guidance everyone, these posts are very helpful!

I have a 1 bedroom 1 bath guest house with a private yard and garage. I would like to find a manager to handle all aspects of property management including finding a tenant. It's a popular area and should be pretty easy to fill. I just don't have the time for it anymore. Does anyone have any suggestions? I tried googling local companies and have not been able to connect with any representatives.

Can anyone recommend a property management company/individual in the Los Angeles area, or specifically Pasadena? I have a two-unit property that I would like a manager to use for short term rentals. 

I'm currently living in one of the units but I'll be out of state for several months at a time. During that time I would like a manager to keep things running. I'm a new rental property owner and if anyone has advice on selecting a manager I would love to hear your thoughts. Thank you very much in advance.

@Ali Boone

Hi Ali, great to meet you! These are exactly the insights I'm trying to learn, thanks so much for sharing! I know there's a way to be successful in STR, I just need to keep researching and refining the strategy.

Do you know if there's a good way to find out what the STR restrictions are for different areas? When I was researching the west end of LA I couldn't find a clear answer. Technically there's a new law but it's not currently being enforced and only some of the STR owners register and Airbnb is dragging their feet about handing over their records to the city... The matter seemed a bit ambiguous to me. With other areas I might find articles about the city council discussing a ban but not a definitive answer.

Thank you everyone! These are very helpful suggestions.

@Will Barnard 

How do I find out more information about these local real estate gatherings? Attending is a great idea! I would love to connect with like-minded people nearby.

Hello BP community!

I live in Simi Valley, CA (northwest of Los Angeles). A friend suggested I join this site immediately when I expressed interest in real estate investing.

I am trained as a near eastern archaeologist and teach at UCLA. However, the combination of long work hours, little compensation, and minimal schedule flexibility have brought me to the realization that a change needs to be made. Real estate investing seems like a great solution. I am here to learn all I can (and I have a LOT to learn), network, and contribute to an exciting community that is focused on succeeding. The real estate areas I am interested in are house hacking and short term rentals.

My 2020 goals are to purchase a multi-family that will produce enough cash-flow to cover my mortgage payment and to develop a plan to become financially free by the time I turn 40 (8 years from now). I'm pretty good at learning on my feet and I'm excited about a job where hard work has the potential for massive payoffs. I am currently trying to figure out which neighborhoods north or west of Los Angeles would be best to rent in. Also, figuring out the specific short term rental regulations for each city. My immediate plan is to start by renting my primary residence through Airbnb while I am traveling and then look at turning an apartment rental into an Airbnb. I'm finding that there are a lot of legal constraints to understand first. Onward and upward! 

Looking forward to being apart of this exciting community!