All Forum Posts by: Noah Laker

To determine if a HELOC is feasible for your specific situation, I recommend reaching out to lenders near you and discussing the details with them - one MLO and one Bank or Credit Union. They can provide more information about the terms, interest rates, and requirements associated with opening a HELOC.

It's worth noting that while a HELOC can provide the necessary funds, it's important to consider the potential risks and responsibilities that come with taking on additional debt. Ensure you have a solid plan for renting the property and generating sufficient income to cover the costs of the HELOC and any other expenses associated with owning and managing the property.

Furthermore, exploring alternative financing options, such as personal loans, partnerships, or even seeking out potential investors, might be worth considering. Each option has its own advantages and considerations, so it's essential to evaluate them based on your specific circumstances.

Hey Cathy! I'm a broker and property manager in Sacramento, CA.

When it comes to the broken handle on the dishdrawer dishwasher, you can consider charging the tenant for the damage. Check your lease agreement to see if it mentions tenant responsibilities for repairs. If it doesn't, and the handles were already in poor condition before the tenant moved in, it might be difficult to hold them responsible. However, if the handles were in good condition initially and there's evidence the tenant caused the damage, you can charge them for the replacement cost of one handle.

Regarding the broken handle on the refrigerator/freezer, since the manufacturer doesn't offer a replacement part, you can try repairing it yourself using JB Weld and tightening the screws. It's reasonable to deduct the cost of materials from the tenant's deposit. Remember to document the repair process with receipts and photos to support your case.

Just a reminder, it's always a good idea to consult with a legal professional or your local landlord association to ensure you're following the appropriate guidelines in your area.

Roofstock is one of many marketplaces for SFR investment... Do your due diligence as always and focus on a region with prospect for future growth and appreciation.

I'm a broker / investor out in Sacramento, CA. We manage over 100 Airbnb / STR properties, so if you're thinking of going that route, give me a call!

Hey Angelo

I'm a real estate broker and investor up in Sacramento. We list over 100 Airbnb properties.

Have you ever been to Bakersfield? It's not very busy.

Have you considered Sacramento? The prices are still reasonable and our returns are more consistent (it's a state capitol, growing population, two major universities, NBA team, etc.)

I'm here to chat about NorCal real estate any day of the week!

What's up Vaghinak

I'm a broker and investor up in Sacramento. Welcome to BP.

If you're ever looking up North, you know who to call. We manage over 100 Airbnb properties and some LTR as well. 

As always, the answer is: 

If he meets your requirements, he's in. 

If not, he's out. 

What are your standard application criteria?

Hey Jeff, I am a broker and investor here in Sacramento, just a stones throw away. Almost all of my clients lately are from the Bay Area. 

Sacramento, unlike many other cities, is growing and remaining stable for STR / LTR investment. I manage over 100 properties, mostly Airbnb, and Sacramento is awesome. Much more stable than other states like TX and AZ.

Investing that far out of state is pretty ambitious, but it can be done and you can get things CHEAP... but remember there's a reason it's cheap! 

Moderate weather is the one thing nobody can change or control. That's why I love Sacramento. Just stay out of the flood zones and your property will last forever. 

Property manager is a good choice, but typically they're an Agent too and they want to get paid for this. Without using a licensed agent, I'd hope you have a great friend in the jurisdiction!

I am a licensed Broker in California (based in Sacramento). We manage over 100 properties, mostly Airbnb, and Sacramento is an awesome stable market. Hit me up if you want to chat about this region. 

For just a few units, without the fancy tenant portals and online payments, you can use Stessa - great for simply keeping track of your numbers and tenant files. 

I also use Buildium - I manage over 100 STRs but only a handful of LTRs. Buildium has everything you need as a small-midsize PM and pretty cheap. 

I host almost 100 properties in Arizona. It has never been this bad. Occupancy dropped like a rock after Q1.

We are managing to stay afloat through midterm rentals, direct bookings, student housing etc but Arizona attracted too much dumb money through a combination of good times and no barriers to entry.

My STRs in Northern California are performing MUCH better. So this "Airbnb Bust" is highly regional. I am still bullish and not going anywhere but this will weed out the weaker players. There's no more easy money in Arizona.