All Forum Posts by: Joe Cox

Happy Thursday BP Enthusiasts.

Thank you to all respondents.

Some respondents seem to key on direct tenant contact ie eviction re my “Landlord friendly” inquiry.

To me a Landlord Friendly environment looks more like a market that allows me as  landlord to accept the best qualified tenant based on the interview, credit check, rental reference check, employment reference check, and income verification.
 In California there is a move afoot to force landlords to accept Sec 8 voucher holders (a federally voluntary program).  Rent Control is now statewide at 5% + CPI 3% this year.  Who knows next year.

LA County is getting ready to levy fees on landlords to be applied to a legal fees fund to assist tenants in fighting evictions so all landlords will be forced to fund adverse legal action regardless of whether they are good landlords or slum lords.

I’ve been in business 10 yrs in my area managing 40 properties currently, mostly sfr & a couple small multi family.  Have only evicted for non payment of rent a few times.  Have great relationships with both my owners and tenants.  Many tenants are long term.  I have developed a great tradesman network that typically respond faster than home warranty companies. 

I’m not liking where my market is going.

I read David Greene’s “Long Distance Real Estate Investing” .  MIND BLOWN

Ken Mc Elroy is another inspiration.  

Why tough it out in a resistant market when there are supportive markets.

I aspire to become financially independent in 5 years so I can enjoy time off when my wife retires.

I will be researching the markets in the areas you guys have enthused about.

Hope to have good news for you in the semi-near future.

Thank you!!

Wow!  That’s interesting!  Great advise.  I use Legal Shield for a lot of my questions as well a a local RE Attny for specific simple questions.  A good apartment owners association can answer some questions as well.

👍 excellent!!  Looking forward to any tips for a growth landlord friendly market.!!

Thank you,

Craig, Erik, John, Dan, Greg & Evan!!

I greatly appreciate you taking the time to respond.  Your insights are very insightful!!  My interest in a landlord friendly environment springs from my residing and operating my property management company in Southern California.  Ca is in the process of making it extremely difficult and costly to evict a bad tenant and has joined Oregon & Washington instituting state wide rent control.  I’ve only evicted for non payment of rent and that can take in excess of 2 months uncontested, if contested it can last longer.  

Thank You!!

How can a newbie investor find the most landlord friendly states, cities to buy small multi-family buildings (4-10 units)?