All Forum Posts by: Sam G.

@David Ivy - thanks for sharing this data, it's quite interesting. It might be more relevant to put the price reduction trend in context... specifically looking at the # of active listings and average days on market for each of those weeks, not sure if we can get at this data. I'm curious to see if the reductions are a result of supply increase and aging, or a shift in the seller's expectations of pricing. Thanks!

@Ashlie Greising - I’m in the process of going just this right now. I found a handful of local banks that will do an revolving line of credit on investment properties. DM me and I can give you the contacts.

Ah - I'd missed that you hadn't lived in it for 2yrs yet. One other option could be to refi and use the proceeds to invest elsewhere; then sell once you've lived in it for 2yrs. 

@Ben Gradert You can't 1031 exchange a primary residence, this only applies to investment property. So you'd have to rent it out for ~2yrs first (to demonstrate intent to hold as investment). You can also claim upto $500k of capital gains tax free (if you're married filing jointly) - the is better than the tax deferred 1031 rule. Have you explored this option?

Hey @Simon C. - I'm considering something similar, and wonder if you did end up doing this project? How did it go, and would you recommend your plumber? Thanks!

We wanted to sign up for Cozy, but by then they'd been acquired - so we were only able to sign up for apartments.com. Seems to work ok for SFRs, but they're struggling with multi-unit properties. I've had a couple of major issues with apartments.com that are clear deal breakers:
- Unable to end leases and remove residents for one side of a duplex because the other side had a longer lease with overlapping term. Multiple calls / emails with apartments support and ended up setting this up as a new property. Not great.

- Double charging tenants who had auto-pay turned on during lease renewal. New lease and higher rent did not take effect for a couple months, but the system charged them both the current lease rent and new lease rent. No help from apartments support - other than to say cancel auto pay, pay manually and issue credits outside the system.

I'm looking into Zumper now - they seem to have a streamlined user experience (both tenant and landlord side), cover the full gamut (screening, leases, payments) and say they'll get payments cleared next day. Anyone else use Zumper, and have any feedback?

@Victor Steffen - this is interesting info, thanks for compiling and sharing! Couple of questions - does this include all property types (SFH, MFH, Condos etc)? Might be interesting to filter by property type or ratio of rent to price per bedroom. I'm also curious on what the spreads are between 25th percentile and 75th percentile of sold prices and rents - this could be an indicator of the likelihood of being able to turn a 25th percentile sale/purchase into a 75th percentile rent generator :).

@Allen L. - just checking, did you end up using Redfin Mortgage? If so, what was your experience?

@Michael Patrick - thanks for the heads up! Looks like they've got a couple listings in Austin and not sure if they'll end up making this one of their markets.

@Tony Paterno, @Kizzy Parks - we did not end up using Bungalow. We found our tenants sticking with traditional long term rental marketing (Zillow, similar websites) and based on this feedback, I'm glad we did!

@Surendra Chawla Foremost (https://www.foremost.com) does a lot of rental property policies. I use them. I’ve also heard others use Berkshire Hathaway Homestate companies.