All Forum Posts by: Suhaib Rehman

Thanks to all of you. 
I did some research, the STR is not something I will consider as I am a bit far from the property, and it's just too much hassle. and the return barely meets the threshold if I use the airdna numbers.

The mid-term rentals are also an option. Keith mentioned co-living, which I couldn't get even after reading about it.  

I want to add that I bought this house so I can move there eventually but our plans have changed. It is in a great neighborhood with excellent schools.
I am looking for a means to close the gap between the cost and income from that house. What are the other options besides STR.

Hi everyone
I own a single-family home in Folsom CA. It is a 4 bed 2 bath house built in 1990. It has been rented out as a complete unit for 3 years now. 
My problem is that this house has a negative cash flow.  Mortgage is 3400 while rent is 3200. This excludes 800 a month in property tax. I have not included the insurance which is about 1500 a year.  As you can see, I lose an average of 1100 a month over this house.

I am wondering if a short-term rental could be a better choice for me.  The house is in a great school district. It is for this reason I bought the house but my family does not want to move there.  

How can I reliably calculate the potential income from the house if I switch to short-term rental?  

Thanks

 Hi Clayton
Many thanks for the kind offer, 
Since this is a rental property, my living home insurance(which is way less even though my living home is value about twice the rental property) does not cover landlord insurance.

 

Good day everyone,
I have a rental SFH in the Sacramento, CA area. I got a renewal bill for insurance and it is a little over double the amount i paid last year. There was a jump even last year, but I decided to stay with that insurance provider.
Can you suggest a few good insurance providers that operate in that market?
How effective is it to negotiate the insurance amount with the existing insurance provider?

Thanks

Suhaib

 Hi Alfath,

Would you be kind enough to share a list of the cities/counties/regions which in your experience are better suited for investment

Thanks

Suhaib

Good day everyone, 

I am a professional engineer with a strong passion for real estate. I’m seeking one or more partners to collaborate on market research, deal analysis, and networking to build a successful business in real estate investment.

I am good at working with numbers and can leverage my analytical skills.  I am based in SF California, though I will consider out-of-state properties (else central California) to enable us to start with less capital.

If you have valuable insights as an experienced investor, realtor, or in a related field, I would greatly appreciate your advice

Regards

Suhaib

Thanks. for all the feedback. The reason I posted this question is to see if any specific areas could be improved by technology that can help you be better at your business. 
we don't live in an ideal world, and sometimes the existing tools, may be useful as we are used to using it, but they arent very optimal.

The best way to look at it is to see if there are some problem areas that you think if addressed via technology will help you be more efficient and reduce your investment risks. 

Best

I selected Tampa Fl just for reference, but I am open to areas north and south of Tampa. 
I would prefer some green areas (but should be closer to beach) so that it still is attracted to STR.