All Forum Posts by: Cameron Lam

I love this layout and information you have presented. It was an interesting read and I hope I can show this kind of success in the near future to share with you. Have you ever considered investing out of state at all?

Hi Cameron, 

Great post, very informative and inspiring! Thank you for that. If you don't mind I would like to ask you for some advice. I currently have my first rental property that I'm actually living in at the moment. It's a 3 bedroom, 2 bath home in Florida; the garage is also converted into a large room with laundry room attached w/ exit door to the backyard. The "master bedroom" used to be an old Florida room (large room located in at the back of the house with exit doors to the backyard), and large bath with dual sinks and walk in shower. Well, that is currently being rented as an "efficiency room," the tenant has no access to the house. Tenant pays a flat rate which includes W/D access, cable, electric, and water. 

I'd like to rent the front half of the house out: 2 bedrooms, 1 bath, plus garage room space. One of the rooms having an additional door to exit to the backyard with paved area for exterior pleasures. 

In your professional opinion - what is the best way to work the bills? I feel like It's not fair to split the bills in half and I also cannot ask the back rental to randomly start paying for an additional bill. I'm extremely nervous about including the water and electric into the rent and having the tenants carelessly use electric and water being they do not pay any additional fees. 

Should I not include the bills into the monthly rent? Hope this all makes sense! 

I look forward to hearing back from you! Thank you for your time, 

Jessica Marques 

Your story is very inspirational. Sounds like you put in alot of time and effort and are seeing the rewards. I'm in Toronto with 4 properties, where property values are skyrocketing. Next to impossible to make the 1% rule work here. I've sent your story to a few friends and subscribed to your blog. Looking forward to future posts!

Wow you made it sound so easy! Inspired me for sure. Thank you for sharing your journey. If I ever try to invest in AZ in the future, may I ask for your advice there someday? :) Congrats on all your success & good luck in 2020! 

@Cameron Lam

Great story! The details are valuable.

PS “How much can one spend on alcohol, clubbing, and coffee?” I know the question was rhetorical, but sadly, it can be A LOT! (Especially if one lives in Singapore, as I did!) LOL

@Cameron Lam. I have a couple of questions.

1) Are your rooms rented to separate individuals as a separate lease for each? If so, is that considered a boarding house and are there special requirements for that?

2) Do you have enough parking for all of the room renters? Or do they mostly not have cars?

@Cameron Lam

Just wanted to say that cozy might be a better way to manage your rent collection than venmo. I started several months ago and love it.

@Cameron Lam

I am in Phx too, and did an initial look on Zillow for local properties that would meet the 1% rule, and I did not see anything anywhere near those numbers! Am I missing something? Thanks for your valuable story...