All Forum Posts by: Chris Tryling

Looking for an agent to show us the area for a weekend visit, in order to get to know the community before we invest.

We are in need of an inspector for San Fernando Valley property in Los Angeles (Sun Valley, 91352).

We are considering a SFR with limited crawl space under the house which will probably require specialty equipment. CAN YOU DO IT? KNOW SOMEONE WHO CAN? Please help!

@Jason Taliaferro

Great question. As you’ve already seen in previous posts, but possibly not in so many words: it depends...

Everything makes sense with the right numbers.

If you are buying a lake house from profits from other rentals at 20-30% down, and it's a super desirable whole home STR, then it will be a no brainer.

We have 6 listings total across a few arenas and here’s what I can you:

Example:

Our Los Angeles master bedroom only (no access to the rest of the home—but with a private restroom and kitchenette inside) 10 min from universal city stays occupied. Close to 100% occupancy rate. It’s a money maker.

Another example:

A 4/2 home that is right next to the hospital district in Fort Worth. We use that property to visit family frequently but keep all 4 bedrooms in rotation including whole home. Even considering our visits, and the lawn maintenance and cleaning and security system etc... we still cash flow a few percent. It’s nice to have a place we use make us money while away.

LOCATION is always key. We mostly have doctors and nurses in rotation for weeks at a time at the Fort Worth home.

It is DEFINITELY more work with STR's but the hidden beauty behind those that nobody has seemed to touch on is that....

People staying in STR's don't have a problem telling you if there is a problem. I.E. leaky faucet? You'll know right away with STR's. They don't mind telling you. Long lease rentals? You might not know until 12 months to.... years?...

Anyway, even for the effort, we enjoy our STR's

Until there are too many to handle...

Hope that helps :)

Thank you for the response. I'll message you about it, Priscilla.

Hi! And thanks for reading!

My wife and I need a lender who can work with us to purchase a primary residence in the San Fernando Valley where we currently rent an apartment. We would like an experienced VA lender. We have a "primary residence" mortgage in another state but have been using this property for short term room rentals and have all the expenses and revenues of that property going through one of our LLC's. We are looking for some creative ways to offload/not-show this mortgage/debt to maximize our potential here in the valley.

If you've recently worked with someone in this area on a VA loan, please advise us.

OR, if you are a lender who is competent in VA lending, then kindly sell yourself to us.

I work in California. And I reside there most of the time. I have a condo in California and have one of the bedrooms listed an Airbnb. I have a primary residence/mortgage in Texas and rent the rooms in that house with long term leases AND Airbnb’s. I need to set up an LLC (or two) to for tax deductions, and security purposes. Finding a CPA who handles both states and does not charge a $5000 retainer (annually) has been hard to find. My typical accountant fees (disregarding rental properties thus far, and considering two-state residences and multiple state and federal tax returns) is only around $700. But I have had trouble with communication with this CPA. (EXTREMELY difficult to get on the phone or email—Only concerned with my business during tax season.) SURELY there are good CPA’s somewhere in between the big shots and the H&R Block’s. Please help. Referrals needed!