All Forum Posts by: Ernesto Hernandez

How long has each tenant been in place for? $125 a month is $1500 more a year. 

A vacant month, turnover costs, paying your PM to fill the unit. 

Isn't worth it to me. A moderate increase is fine but don't be in such a rush to get too dollar. It doesn't come free.

Ok Ken.

I was simply providing you a second example besides arbitrage itself. 

If it's not for you, that's fine. I don't see why you're so worked up and opposed to it. 

To Matthew's point, you generate revenue in the short term and hope it works out long term. 

Reputation, time, lost opportunity, downturns ... are you anti traditional flipping too? 

Open minded to ... different methods that generate actually work really well for a lot of people depending on their ability to seize on an opportunity.

https://www.rentcafe.com/blog/renting/states-best-...

Rentcafe rankings

It's actually a great strategy but every property is different. Just like owner occupied. Just like buy and hold. As such, it's being done all over the world. 

With the co host model you're in for basically $0 and cash flowing hundreds of dollars a month. No risk.

Be a little open minded. 

Great post. 

Thank You. 

1. Mention it a couple of times in your automated messaging that you strive for a 5 star review experience

2. Always leave a review for them.

3. On your final follow up, mention that you already left them a review and that your business depends on their positive feedback. Don't be shy.

Great System Antonio. 

One Lease or multiple, there are pro's and cons to each. I know someone who does this in Austin with adult professionals and has a great system on multiple leases. 

The key is though, there has to be a system/process and consistent adherence to it.

OP finds himself in a situation where his lease agreement was violated. So many variables as to what can be done. Me being in the Bay Area, literally every city could be different.

You're right. I apologize. 

So they violated the lease. How yours is written, the laws in your municipality and what the cost of going after them is all need to be considered. Not sure there's enough to help you. 

"Which I thought was the end of the story". In a non accusatory way, this is largely on you.

I would own it, accept the lesson and move on. Separate leases, clear terms, parents as co signers.