All Forum Posts by: AJ Singh

@Dan H.

Riverside and San Bernadino counties are friendlier in Landlord protections. 

tenant protections are strict in LA and OC. 

@Michele Velazquez

At the current property prices in OOS, rental yields are quite similiar to local. Have you looked in Riverside or San Bernadino County. you can get similiar rental yields. Check out local markets before switching to OOS. 

Just let her stay till mid sep. She could have signed a one year lease and still moved out middle of the month.

You can have your PM do a pre move out inspection and that way you get an idea about turnover cost

Check on ZIllow and Rentometer to get an idea about market rent and make sure PM is not too far from that. Shelby county has raised property taxes and its a min $70 to $80 raise for investors who bought the properties a few years back. WE are raising $100 min on renewal to make up the tax increases....

@Mark S.

@Kewei Qu  15 percent overcharge on repairs is not typical.. Its the charge you have agreed to. 

@Mark S.

we have had four tenants get paid via this program. And tenants are current on payments after that

Evictions for non payment of rent are still taking 3 to 4 months. 

if you dont accept rental assistance, it will be be 3 to 4 months of no rent and then turnover rehab

@Evan L.

Cordova is a good neighborhood to have a rental. your tenant was not properly screened. 

One option is You can sell and move the money to a 3plex or a 4plex in riverside or san bernadino county as a1031 exchange

i would keep the rental and find a better PM. we have rentals in memphis since 2016 and cordova gives great rental yield and stabilized tenancy for our properties

Shoot me a DM if you want out PM referral

@Emma Pagoria

I would make sure your home inspector covered any other issues in the report. Since you mentioned" financial strain " due to AC repair/replacement, a new maintenance order from the prospective tenants could be a financial headache.

Whether the OC market appreciates or not, no one knows . Definitely, the increased mortgage rates have slowed down the sales side. 

Best of Luck !!

@Nancy Lim

check out riverside or san bernadino county for multi family investing, you can buy a couple of 4 unit buildings and cash flow easily.

The rental yields are better than LA or OC. 

@Todd Lansden

Memphis is a great cash flow market. Properties have appreciated considerably in the last four to five years.. A stable entry level SFR is at 140 to 150k price point. You can still acheive a 1% rental yield. Connect with a few investor focussed agents and learn the neighborhoods first

@Honor Dunn

You can invest locally in riverside or san bernadino counties. A 2 to 3 unit product could be available with your down payment. Check out the rental yields. 

i am not a fan of turnkey in out of state investing but once you nail a market down. FLY there and talk to 2 to 3 realtors about MLS properties. You will get a better deal and select your management company with their help.

Best of Luck !