All Forum Posts by: Noah Laker

Hey Rachelle, I'm a broker and investor up in Sacramento, and manage about 100 investment properties, almost all Airbnb / STR. There is so much free content out there that can teach you about guest services, software, vendor management, and so on.

Tahoe isn't ideal right now as the local community is vehemently anti-Airbnb and the permitting system is challenging to navigate. Sacramento metro by contrast is more friendly, and there are some areas we target here that do very well for STR. Recommend you take a look!

Hey Lauren, I'm a broker and investor up in Sacramento, and manage about 100 investment properties (mostly STR and LTR multifamily). Wishing you luck on your journey. We have a few markets we target outside of California, but obviously if you want to stay close to home, Sacramento would be an ideal choice. This market is growing rapidly, it's a state capitol, and we have two major universities. Highly recommend!

What's the rental value for the property? Will it pay the full PITI plus Capex, management fees, maintenance etc?

Why are you not amortizing over 30 years? Even with the balloon, this is more typical for owner finance. 

Thanks Alicia :)

The clients ultimately leased it to a company. Good deal for all. When we prepared the lease agreement, we were very explicit and essentially wrote it as a triple net. Good advice. 

I'm a broker and property manager in Sacramento with 100+ Airbnb properties in my portfolio. Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the community.

Managing a property for a client who divorced her domestic partner last year. Now she wants to sell the property, which is solely in her name. It is an investment property, and does not meet the qualifications of being her/their primary. 

They bought the property together and the client wants to share the sale proceeds with the ex-partner. She suggested she might have to add the ex to title before closing. This sounds like an unnecessary and potentially problematic step. What's the best way to proceed? Would the Title company be able to sort this out without doing any title work? 

Hey Nhan, welcome to BiggerPockets! I'm a broker and property manager here in Sacramento, I manage about 100 investment properties, multifamily LTR and STR.

Real estate investment can be incredibly rewarding, between the cashflow, appreciation, and tax benefits, it truly is the greatest wealth creation tool. 

There are a few specific area we target in Sacramento depending on your goals. Wishing you luck as you learn and grow in this industry!

Kings all day! Light the beam! Sacramento is decidedly NOT the land of GSW!

Helped my clients partner up and close on the property, then signed a net lease with a SL operator. Worked out nicely for all involved. 

Do you live in Sacramento? Come by my office sometime, I bet we could keep you busy. :)

 I got a job as a temporary leasing agent working for various property management companies at large apartment communities. Moved up from there and ultimately started my own PM company. Working for someone else is the best way to obtain these skills. 

Hey Khyree, is your intention to "wholesale" or are you trying to buy a fixer? What's the end goal?

Every property is different. Typically by the time it reaches the MLS, it is listed at retail value, and you're not going to get a screaming deal, although there are those diamonds in the rough and my team frequently does "fixer" deals off the MLS. It's simply a numbers game.

Working with a great broker can also help as they will know how best to represent your interests and play the game. You will never know the right number until you have a chance to inspect and get contractor bids, which will typically happen after an offer is accepted.