All Forum Posts by: Armando Gomez
Armando Gomez has started 8 posts and replied 23 times.
Post: ale Solutions relocation company
- Posts 24
- Votes 6
Quote from @Hugo Luna:
I was also very skeptical, but they kept me engaged by the money they offered....money talks right? lol
I started doing my own research and pretty much found negative comments online, but thought I should research elsewhere. I started by calling the state of California to confirm the legitimacy of the company and everything cleared. Next, I asked to meet the family that was in need of the home. During the meet and greet I learned a lot about the family and felt more confident that what I was getting involved with was legit. Of course, I was still concerned about the possibility of late or missed rent but luckily I worked out a deal with ALE where they paid me 2x the security deposit along with 3 months rent pre-paid. This made the decision a no brainer.
As of today, I haven't had any issues with the tenants or the insurance company. The account is always pre-paid for 3 months which gives me peace of mind.
As long as you feel comfortable with the future tenants and negotiate a deal with little risk to you, I would say go for it. It is the easiest money I have ever made! This is definitely a lucrative niche in REI.
Let me know if you have any other questions!
What other insurance pay and have insurace for any repairs or do they do work and thru their insurace do the lease direct with insurace and what does a pay with all utilities or what covers
Post: Mid-Term Rental Issue - Insurance Relocation
- Posts 24
- Votes 6
List my home for an isurance company who has a relocation service department
Quote from @Bonnie Low:
If you haven't already read it, I'd recommend you pick up the book 30 Day Stay by Zeona McIntyre and Sarah D. Weaver. They literally wrote the book on midterm rentals and cover how to analyze markets. You also need to have a thorough understanding of who is traveling to your area and why so you can make sure your property is suitable for travelers.
OK, will read the book 30 stay by Zeona McIntyre and Sarah D Weaver
I am also looking for a midterm or if short turn is my area
Post: California Realtor need some help with Fire Insurance for Multiple SFR
- Posts 24
- Votes 6
Had Insurance thru Mercury a Commercial account with 6 sfr properties and have been canceled because of safety issue . and was fixed but not in the time frame they wanted. and they canceled me completely. no claims in the 15 yrs I been with them and they just dropped me like that. need to get insurance that won't cost me an arm and a leg. any help would be appreciated.
Post: I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
- Posts 24
- Votes 6
Quote from @Travis Biziorek:
Hey Miguel, I'm also in California but my rental portfolio is in Detroit (12-doors).
I'm a big advocate of that market and still believe it offers the best risk-adjusted returns today.
Lots of folks are still writing off Detroit but more and more are waking up to the opportunity there. The city is undergoing massive revitalization and investment.
Post: California Realtor need some help in renewing my LIc.
- Posts 24
- Votes 6
Hello California Real Estate agents, need some help with renewing lic. the Free C.A.R. is kicking my butt, any info on getting it done? appreciate it,
Have a Great Weekend!
Post: landlord help relief program
- Posts 24
- Votes 6
Have a problem from the landlord help program they made check to tenant instead of landlord .. tenant was paying partial and was supposed. to pay me with that relief program. Tenant lives in property paying the rent but not the arrears .. what is my course of action to collect the back rent owed.
Post: Eviction in California when can we start the process
- Posts 24
- Votes 6
@Joe Homs I have and no response from them left several messages. UNITED WAY is the one handling the program. Still waiting
Post: Eviction in California when can we start the process
- Posts 24
- Votes 6
Have a tenant who has not paid the full rent due to Covid-19.. Military family andHusband died early last year of heart complications. Veteran . Wife is also a Veteran with 3 kids one in College now . She has been renting over 3 yrs now. On rental contract states no pets. And now come to find out has like 4 or more cats on premises .. indoor cats. Found out when her AC went out and had it fixed. The property smelled like cat urine throughout the home. Can I evict them due to unhealthy situation. Also has late water bill and city wants to attach it to my Home thru a lien. ( water bill is aprox. $400)
She gave me a verbal notice that she was moving out June 2020. But supposedly due to Covid she did not. And now forward a 1yr+ and still has not moved out. Any suggestions