All Forum Posts by: Noah Laker

Hey Todd,

I am a real estate broker here in Sacramento and I own 7 doors / manage over 100 STR, MTR, and some LTR properties.

I am in escrow right now with a client from here on BP doing a very similar strategy, living in one bedroom of a SFR and "Airbnbing" the other rooms.

Love to connect!

As a young professional, I started in property management as a leasing agent working for various firms. The experience I gained as a leasing and PM professional was invaluable and I use that experience every day as a broker, investor, and independent PM. 

Highly recommend if you have no experience and want to get some real experience while working. Hope this helps! :)

(The job title you'd be applying for is "Leasing Consultant" or "Leasing Agent." Just look on Indeed in your area.)

Short answer: Not well!

Hey Brett, I'm a real estate broker, investor, and I manage over 100 STR/MTR properties and some LTR. I am NOT a lawyer or CPA and this is just my opinion, as I've done similar partnerships myself.

Basically, if you're 50/50 on the deal, then you'll treat everything 50/50 as owners. Then you need to mentally separate that relationship from the secondary tenant/landlord relationship. 

You and your partner will negotiate with any tenants on rent / utilities. So don't overcomplicate this idea. If he is going to be a tenant, then negotiate the terms the same way you would any other tenant. Unless he is providing more than you in terms of scope of work or capital, then he should not get special treatment as a tenant. 

I really hope this helps and please consider me a resource if you want to discuss this type of arrangement in more detail. 

Welcome to the family, Miesha! This blog is a great resource for all things investment and real estate. I've made great relationships on this site and wish you the same. 

I'm a broker and investor up in Sacramento, CA and I manage over 100 STR/MTR/LTR properties. Happy to be a resource for all things Airbnb.

Hey Vickie :)

I'm a real estate broker, investor, and manager of 100+ STR and LTR properties, but I am NOT a CPA or a lawyer and you should consult both...

Rehab is usually classified as Capital Expenditure (my CPA informed me that the "Safe Harbor Threshold" is about $2500... meaning MORE than $2500 would be Capex, less than $2500 would be supplies...)

The value add presumably will increase the sales price and therefore the capital gains, which you'll roll into your new property so it's a net zero...

Hopefully this answers your question. I have a close friend who is the senior VP at IPX 1031, biggest QI firm in the world backed by Vanguard. Let me know if you have any further questions about this!

Logistically you can manage these the same way you would any other rental, with management software such as Buildium. Just treat each room as an individual unit and be sure to disclose the nature of the rental household. 

With that being said, certainly the work compounds quickly. If you're an owner, the money can be worth it. If you're a property manager, you'd better charge a high fee and have strong liability protection in your Mgt Agreement. 

Hey Nicholas, I'm a real estate broker and I manage over 100 STR properties. Based in Sacramento but we also service SD.

San Diego is essentially on a lottery system, although it varies by jurisdiction. My agent Keith Mintz is from there and understands the different areas. If you're looking to invest in STR, Sacramento is very friendly, but San Diego is doable if you're prepared to deal with a tougher regulatory environment.

Monterey is also popular, but the annual fee is exorbitant ($3500 or $6500). 

Hey KM, I'm a real estate broker and investor here in Sacramento and I manage over 100 STR/MTR properties. We use Airbnb, VRBO, FurnishedFinder, and Craigslist + Facebook for our primary listings. We also have relationships with national relocation providers which give us a lot of business for MTR in Sacramento.

Airbnb/VRBO/FurnishedFinder are probably all you need. 

Hi Max, I'm a real estate broker, investor, and property manager here in Sac. Right now I manage 100+ STR and very little LTR, but my background in multifamily involved a lot of section 8.

My experience was generally NOT GOOD, both with the tenants and trying to deal with the housing authority. However, the Section 8 will often overpay if you know how to select comps, so from a purely financial perspective it can make sense depending on the property.

Also, most landlords in CA don't know that they are REQUIRED to accept section 8 under SB329, and much less how to navigate the system. 

What exactly would you like to know? Happy to help.