All Forum Posts by: Jason Nevaril
Jason Nevaril has started 1 posts and replied 9 times.
Post: Property Management in Inland Empire
- Pomona, CA
- Posts 9
- Votes 2
Post: First time screening tenant, please help!
- Pomona, CA
- Posts 9
- Votes 2
I have a tenant, moved in with less than perfect credit, About 50% debt to income ratio and unstable job history. I took gamble needing to get the rent coming in and almost 4 years later they have been the best tenant. Hardly call, paid rent late twice (notified me 10 days prior) and take decent care of the home and yard. I couldn't been happier with them.
On the flip side, I have another tenant who makes 35% debt to income and stable rental and job history and they are late almost every other month on rent.
Gut told not to rent to the first one and to rent to the second, boy was I wrong and I worked full time in Real Estate Sales/Rentals. Follow your what you thing feels right and it should all work out just fine, of course, with clear expectations and a signed lease.
Post: Coin Operated Laundry or Car Wash? Question please.
- Pomona, CA
- Posts 9
- Votes 2
Hi Frank,
Thank you much for your quick reply. My email address is [REMOVED] The system would not let me PM you.
Looking forward to this potential investment, just wanted to make sure my bases are covered. Real Estate is my passion and expertise but looking to diversify and make a bit more with a little less upfront investment.
Thanks again, Cheers!
-Jason
Post: Coin Operated Laundry or Car Wash? Question please.
- Pomona, CA
- Posts 9
- Votes 2
Originally posted by @Michael X.:
I looked at a laundry mat about a year or so ago. I really liked the property and would have purchased if I had not move. What I really liked is that I was buying the business and the PROPERTY at the same time and it included a smaller separate building on the property that had a hair salon and auto repair shop renting. I would have been getting income from two rentals while running the laundry. This was very appealing.
I asked for 3 years of utilities so that I could see trends in how much they costed and whether I could save money. I was going to keep the current employees that they recommended and get replacements for the others. I wouldn't have changed much for the first few months.
If you want PM me your email and I'll send you the excel stuff I did. Nothing that great but it will give you an idea of what I was looking at and possibly a template for future due diligence.
I know that a lot of the posters above caution the purchase of a coin op laundry but they can, and many times are, sound investments.
Good luck.
Hello- Just came across this post. Do you still have those documents? I would love to take a look at them. I am currently looking to possibly invest in a laundromat.
Thank you in advance.
-Jason
Post: how does this deal look? 20 units.
- Pomona, CA
- Posts 9
- Votes 2
Post: Investor Friendly Broker in Southern California
- Pomona, CA
- Posts 9
- Votes 2
I'm looking for the same thing. I currently Live in the Claremont area. Have you found anyone?
Post: Hello from Sunny SoCal
- Pomona, CA
- Posts 9
- Votes 2
@brandon. After making an offer and waiting 10 months the short sale went through. Lucky for me and not so lucky for the bank, I walked in with approx 60k of equity because the market was quickly turning upwards in the area. It's been problem free with little repairs along the way for about a year now and I couldn't be happier.
@brian. I've also been contemplating out of state. Have friends and family in Arizona and also heard the market is decent in Vegas. I just always heard the rule if you can't drive by it don't buy it, so I have been hesitant what is your expirence with that?
Post: Good salary full time career and part time investor.
- Pomona, CA
- Posts 9
- Votes 2
I also work full time with varying schedule. I communicate with my tenant and real estate agent via text message often so that maximizes my time. Also have my contractors speak directly with my tenant as they choose to be at the property when something goes wrong. It's always going to be a time commitment but the benefit is the monthly positive cash flow.
Post: Hello from Sunny SoCal
- Pomona, CA
- Posts 9
- Votes 2
Hello, my name is Jason and after working in the industry for 4+ years and now working for a global hospitality I have recently purchased my first investment property In the next 5 to 10 years I would like to live solely off of my real estate investments. I am currently living, working and investing in the San Gabriel valley area of Southern California. Drop me a line if your in the area and would love to network and/or chat about real estate.