All Forum Posts by: Smitha Sandasani

:( thanks for getting back

Hi @Jared Bestebreur, do you know if the feature is availble on zillow rental manager? thanks!

Fresno is growing a lot imo, happy with a recent sfh investment there. 
Six flags or some big amusement park coming there in near future. 
brentwood is a hot market so as Antioch. Both sales and rental market.

Good luck.

Congratulations Tom! Just curious how is the cap rate for the triplex, and if you are finding new tenants or existing tenants continue.

 @Dustin Peters we self manage our property. I found oak tree property management and Grubb Reality that we inquired last year. Both seem reasonable, quality information.

Yue, Dustin - its nice to see Fesrno investors on BP!

nice to see some interested folks on this topic.

1) working with a realtor already.

2) preapproval letter submitted and the offer is in contract 

particularly interested in rent control laws and managing section 8 tenants. I usually go by the book and hope things sail smooth, but never know in the cities with rent control restrictions. Appreciate any insights Brian, or anyone who has experience in these cities if you can share.

Thanks in advance.

Hi BP friends,

BP has become my investment education :p and so thankful to this community!

we found a triplex in South West Berkeley and wondering how is the growth / neighborhoods there? Caprate is coming to barely 5% (somewhere around 4.9) with 25% down (inspection contingency likely but we are not sure in this market). This is our first time investing in multi family units, have 2 SFR in CA which we are managing ourselves, cash flowing perfectly. Want to get into multi units, rehabbing, renting them out. We plan to property manage ourselves if we get into multi units (leaning towards 2-4 unit properties only)

Good thing is the triplex has tenants living there and would like to continue, they are on month to month. Good or Bad, they are section 8 tenants. The house unit pics seem to be maintained ok, disclosures look ok. Rents are good too, in the market rents - could be better.

Questions, if someone in Oak / Berkeley / SF has explore or owned rentals there would appreciate if you can share insights...

1) Offer subject to inspection. So we can only see the unit(s) if our offer is accepted

2) Is it good to have section 8 tenants, does it mean the rents are deposited from the Housing Authority? what do we need to know pros - cons? Assuming with sec 8 there will be yearly inspections to ensure it is safe for tenants. And we are completely ok with that as this will also help upkeep the property and catch up with market rents.

3) Anyone had any bad stories in Berkeley area that would like to share? 

4) Is Berkeley better than Oakland? are they same pretty much in rents, cost of living, except Berkeley has the college town feeling. property is ~2 miles driving distance to UCB.

Appreciate and thank you in advance!

thanks @Hobie Day! we are workmates, will connect soon.

hi @Jeffrey

I'm exploring Lodi and Stockton areas, was told Lodi is a nicer place than Stockton rents are good and lots of good winners there, crime rate lower than Stockton. What is your experience with rentals there? How fast can you get home rented in 95242 area if you are familiar with the neighborhoods. Cap rate is coming 5-6%. Is Lodi considered good for buy and investment as that's what we are looking for at the moment. Thanks.

Just curious @Matthew Allen if you were able to purchase the Sanger property and how the rentals are in that area. I see Sanger is a developing town 10-12 miles from Fresno. We are exploring that area. Any insights would be helpful.