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All Forum Posts by: Aaron K.

Aaron K. has started 4 posts and replied 6009 times.

Post: Getting owners on the phone

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

What are you asking for? higher quality of numbers or more time on the phone?  There is no way to force an owner to talk to you, and most of the paid phone lists aren't going to have much better quality.

Post: Insurance is killing my rentals

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

@Emanuel Ohunwu American National through an independent agent.

Post: Where do I find Neighborhood classifications

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

@Steven Skarupa no there is no official classification it is really fairly subjective, the same way you would determine what is an A list TV show or movie vs a D list TV Show or movie, sure everyone agrees that Shawshank Redemption is A tier but some are a bit more of a gray area.

Post: A little clarity anyone?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

Because they are probably all a bit wrong, you need to run your own comps for a true value.  They have different methods of value, Zillow for some reason seems to like incorporating the tax assessor and working from there, which is often a bad idea I don't know about the others though.

Post: Insurance is killing my rentals

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

@Hobart King that is insane but I don't know what is normal in your area in CA where houses face little danger from wind, hail, flooding etc. I'm at like $450 annually for $375k house, in TX I'm at like $650 annually for $175k house so I'd shop around because that is crazy.

Post: What about the inspection money?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

@Account Closed you don't

Post: How to get ahold of the current owner?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

The county will have the mailing address where the taxes go, that is where you start, either someone is paying the property taxes or you buy this at the county auction in another couple years.

Post: Do I need to be a realtor?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

Certainly not a must, it really helps most if you are investing locally, already know the area and plan on conducting more than 1 transaction per year.  If you don't meet those criteria it probably isn't worth it.

Post: Template for Income/expenses?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

Stessa is pretty good for out of the box, my own excel spreadsheet is for taxes so it doesn't focus on cashflow but rather all the income and deductible expenses, follow the Schedule E categories as a good guide and break everything out by property.

Post: Are big cities going to rebound?

Aaron K.Posted
  • Specialist
  • Riverside, CA
  • Posts 6,241
  • Votes 3,802

Prices aren't dropping in most cities, so it is a difficult question, but I don't think you'll see an exodus from cities, perhaps more suburban sprawl though.