All Forum Posts by: Roberto Cordero

@Craig T. Feel free to reach out I can connect you with great property managers...however if you are local you may not really need it. 

Hey Twana, I would like to get the contact of the PM company. I own a rental in Gaslamp which I'm managing myself, but I moved to Indiana and is kinda difficult to manage it from here. I'm looking for a Property Manager to take charge of it. Thank you.

What kind of advice is your realtor giving you?

This isn't because of the VA loan- please don't put that out there. VA loans are awesome and we need to to give vets a fair shake at getting properties. A certified VA appraiser isn't going to appraise the house for less simply because it's a VA loan, that's just not the case.

With as competitive as the market is right now, your P&S should have some protections written in for you regarding the appraisal and your realtor should be guiding you through that process.

One other thing to keep in mind- an appraiser is just one person taking a guess at value. The lender obviously REALLY cares about their opinion, but it's an opinion none the less. You could have another appraiser out there tomorrow who gives you an appraisal $200k higher. Happens all of the time. 

Best of luck!

@Roberto Cordero Downtown San Diego is a completely different market than the rest of San Diego. I've seen multiple individuals sell for same price or less than what they paid for a downtown condo couple of years later.

Hopefully comps were given to appraiser if you feel that appraisal should have been much higher.  It is important to stay on top of the appraiser and provide comps, show up the day of the appraisal inspection and briefly discuss the comps sent over to make sure you don't end up with surprise like you did.

Good Luck!