All Forum Posts by: Noah Laker

Hey Lance, I'm a real estate broker and investor here in Sacramento. I manage over 100 STR properties, and I have to tell you that Roseville is the least friendly place for STR in this metro. I would highly recommend looking elsewhere. (Reason being, when you eventually want to move out and rinse and repeat, you will no longer be able to do STR... it's primary residence only!)

Also, Roseville is a suburban market, meaning it's more about appreciation than cashflow. There are many neighborhoods in Sacramento where you can get a healthy mix of both, and also do STR without such govt interference.

I applaud you for going on this journey! Househacking is a perfect strategy for getting started. I'm personally living in a multifamily househack right now, which I purchased just over a year ago, and in escrow for the next one. 

Welcome to the community, Eunice!! :.) 

So good to see you jumping into the market. I am a local broker and investor, and I manage over 100 STR properties (Airbnb). Sacramento is the most balanced market in NorCal right now for appreciation + cashflow.

I own 6 doors here and in escrow to buy my 7th. Sacramento til I die, baby! 

Hi Joseph, I'm a local broker and investor and property manager in Sac. I specialize in Airbnb / STR (100+ listings!).

There is data on this, actually. One of the highest ROI renovations you can do is a new kitchen. Other examples are exterior facade work and landscaping. These can be relatively cheap upgrades while increasing your potential sales price (or rental rate) significantly, even just psychologically by making your home so much more attractive.

Your line of thought makes sense, you'll just need to decide if you want to keep your current residence as a rental, or do a transfer into something else for potential tax savings (I'm not a CPA nor qualified to make that determination). 

Happy to run through some scenarios with you any time :)

Hi Maria! I'm a local broker and property manager - over 100 Airbnb listings! 

Elk Grove has changed so much over the last few years. I actually really admire the City leadership for constantly innovation and attracting new businesses and residents to Elk Grove. 

For advertising your property to LTR tenants, the same old stuff still works. Zillow, Apartments.com, Craigslist, Facebook. Just look at a few comps to determine your pricing, and make sure you use good photos and a professional advert description. Don't think too hard. :)

Hey all, I am a broker and property manager in NorCal and I have a client who is interested in investing in Columbus Ohio STR... Any real estate professionals here who can 1) confirm if Columbus is still thriving for STR and 2) can help my client identify and acquire a viable property?

Thanks BP!

I'm a broker and investor up here in Sacramento, I host over 100 properties on Airbnb. I would NEVER touch SF or Oakland or any of these crazy Bay Area cities. Sacramento is much more friendly towards STR investment in my opinion.

 Hardware and software was an issue. For example, our smart lock solution worked great at 30 listings, but by the time we hit 50 units it was glitchy and unstable. We had to make a huge expensive transition but it ultimately saved our entire operation. 

Depends, is your home market a strong place for STR?

I live, work, and invest in Sacramento, CA. My company also serves Phx/Scottsdale, but I don't personally invest there because I consider it to be an unstable market. 

If you live in an expensive place, investing elsewhere is another good way to take advantage of the economics. 

 Hey Michael, first of all, we always to try pre-lease the property... meaning, we gather photos as much as possible during the preparation, and get the listing online early, even without professional photos etc. 

Discounting early reservations helps. PRO management companies know things that beginners simply don't, but still you should vet your vendor carefully and obtain multiple opinions!

Hey Max, it would probably be best to discuss this with a licensed CPA who understands the implications of international investment. I could recommend someone if you need help! 

I'm an investor and broker up in Sacramento, I saved a fortune on taxes last year through Cost Segregation ("bonus depreciation") and STR business capex...