All Forum Posts by: J. Martin

@Brie Schmidt,

I might join you for the shark diving :) Napa wine tasting will be fun too. Who else is coming out from Chicago? Try to come with no casts/broken limbs this year!
Glad you enjoyed the networking last time too. I'm planning some more coordinated networking for this time :)
Who else is coming out from Chicago? @Danny Duran, you going to make it out to get some more questions answered?

@Albert Bui, 

Glad you can make it out from Seattle. I saw you and @Account Closed, 

Get your sh*t together and get out here before the ticket prices go up! I promise you some nice photos this year ;) I'm not sure if there's anyone from Newport Beach coming up yet, but we had some folks from San Diego and Orange County last time. 

We'll of course have lots of folks from San Francisco , Oakland , Berkeley  , Richmond , Albany , Pittsburgh , Marin , San Rafael , Peninsula , Walnut Creek , Antioch , Pleasanton , San Jose, Milpitas, Sunnyvale, Fremont, Palo Alto, Santa Clara, Mountain View, Gilroy, Santa Cruz, and Monterey too. 

Looking forward to seeing everyone there!

www.sfbaysummit.com

@Will Barnard, 

"@J. Martin I am excited about the event, excited about the future possibilities of a real estate downturn (where I can really make some money), and concerned about finding new deals to flip (they are hard to find)"

We'll have to hit on the economic cycle at the Summit, as it's especially compelling to myself and others at this point in the game. I refreshed some unemployment data this morning, and the CA Unemployment Rate is already lower than it ever got in 2006/2007, and on par the dot com boom. There's usually a recession not long after the CA unemployment rate gets to or goes below 5.0%. So the clock looks like it's ticking! 

@Lane Kawaoka,

Glad you had fun last year, but you're right, I didn't do a good enough job publicizing the pictures for the event. I hired an event planner this year, and we'll make sure we do better about sharing the pics. I will post many more pictures on this forum, I posted a picture I found of you below, and just PM'd you a google drive of a bunch of pics from the event for you to enjoy :)  Thanks for coming out Lane, and email [email protected] if you'd like some more pics. 

@Peter Mckernan, 

I'll talk to our photographer, Rika, about specifically getting pictures of you this year! :)

@Mel Jeffrey,

"I can't wait to attend I heard so many good things."

Mel, that's great to hear! Who you were you talking to? Or just in general on BP? 
The least expensive pre-sale tickets are on sale now at:

www.sfbaysummit.com

So excited to see everyone again and meet some of these awesome investors and speakers I've never met in person yet! Hard to do all in one place ;)

@Will Barnard,

We're stoked to have you out this year! You've been on my list of speakers to get out since the first Summit back in 2014 when I was working a w2 job! 
What's most on your mind right now Will? Anything you're excited or concerned about? 

@Brie Schmidt,

Welcome back out (again!). Always happy to have you out :) Anyone else want to go diving with great whites before the Summit? (full refund if you become shark bait ;) What did you enjoy about last time? 

@Chris Mason,

I just LOVE that building!!!

Great audio. 2 stages. 

Plenty of other space to network.

The big balcony overlooking Lake Merritt. 

Can't go wrong!!! What did you think of it last time? Tag some folks who might want to come :)

@Jeff Pollack 

It's going to kick *** again! As usual, we'll be having a couple happy hours, even more time for networking, better organized, and a better food situation. (on top of course all the great speakers and everything else we always do). Anyone you know who might want to come this time?  What did you like most about last time? 

We had an awesome time last year! What did you all think? Are you going to be able to make it out again? Tag a friend or two!

@Igor Zaytsev @Neil Evangelista @Ganesh S. @Stan K. @Tim Kunz @Lisa Miller @Bing Lee @Raimondo F.  @Brandon Foken @Debby Chen @Ofer Dallal @Doug Chinn @Jeff Pollack @Matt Mason @Omi C. @Nawien Sharma @Tony Rishell @Account Closed

Last year, we had speakers and attendees from more than 12 different states, and all over the SF Bay Area, including San Jose, San Francisco, Oakland, Vallejo, Gilroy, Monterey, up and down California from San Diego to Los Angeles up to Sacramento. 

Out of state folks came from Phoenix, Denver, Chicago, Philadelphia, Seattle, and as far as Anchorage Alaska!! 

We're looking forward to a diverse set of investors to network with this year also! You don't know what you don't know ;)

@Nick C.,

There is a special box to check that "Dogs are on the property", so people searching know.

I would also include that in the summary description. 

As @Krystallin Baker and @Michael Greenberg said, it's just about being upfront. You also may want to include a saved message you can send to people when they inquire, if you're worried about it. 
Here's a little link w/ tips for hosts w/ pets also.. 
http://learnairbnb.com/host-pets/

Different question.. will YOU allow guests to bring dogs? 

It's a really big draw, as there aren't a lot of dog-friendly places on Airbnb. 

But not sure if they would fight. 

The 2017 SF Bay Real Estate Networking Summit is confirmed for Oct 7 & 8 in Oakland, CA!
www.SFBaySummit.com

For the third time, hundreds of real estate investors and experts will be gathering in the San Francisco Bay Area for a weekend of learning, networking, and joining forces to grow our real estate businesses!
This is NOT a Bigger Pockets event. But you'll recognize some familiar faces.

@Will Barnard, @Amanda Han, @J Scott, @Brie Schmidt, @Brian Burke, and many more will be out to share their experiences and answer your questions. 

Get your ticket (super early bird now!), a tax deduction, and seriously inspired!
www.SFBaySummit.com

"An exceedingly well-done conference, especially in terms of venue, speakers, vendors, info presented and opportunities for connection. What I learned and who I met will catapult me years forward in my abilities. Count me in for the next one!" - Erin A., Stockton, CA

Event: SF Bay Real Estate Networking Summit
Date: Sat & Sun, Oct 7 & 8, 2017
Location: Oakland, CA @ Oakland Scottish Rite

Get more info & Tickets here.. the earlier, the cheaper!
 www.sfbaysummit.com

@Cassie Kwok, 

**No good deed goes unpunished!**

There are points about not considering them tenants, but not sure if that will fly.. (will they leave voluntarily after having an honest conversation with them? Will you evict them if you have to?  @Robert Marston makes  a good point about tenancy. No written lease means nothing. No rent payment is up to interpretation. And this is Oakland.. But I disagree regarding the Cap-ex pass-through, when you are more likely exempt from rent control.. 

1) Rent Control
As @Account Closed said, it's most likely exempt from rent control if it's a single family home. However, it may not be exempt from Just Cause. So be careful about just giving notice. I agree, check with attorney. 
Here are the exemptions from the City of Oakland Rent Adjustment Program. 

http://rapwp.oaklandnet.com/issues/exemptions/

You should also file for a Certificate of Exemption from rent control with the city of Oakland to confirm. And that will you save you some time if push comes to shove. 

You can download the Property Owner Petition for Certificate of Exemption here:
http://rapwp.oaklandnet.com/petition-forms/

If you are not under rent control, CA law requires 60 days' notice for increases in rent over 10%. After that, is in effect. If the rent is then unpaid, you have just cause for eviction, and can move forward. 

2) Just Cause Eviction
The person may still be protected by "Just Cause Eviction," even if they are not under rent control. 

See legal advice. I am not a lawyer. I don't nuttin about nuttin.. 

3) Don't want do deal with it?

Cassie, if you end up going the long and hard route and don't want to deal with your family in that way, you can also hire a lawyer or service to do the eviction. Or you can sell the property at a discount, and let someone else deal with it. (I'll make you an offer if you want to sell it). I think you can deal with it yourself, but it's really a matter of perseverance and pain endurance - depending on your relationship and feelings towards them.. 

Without a kitchen, you pretty much need to be at a lower price point. But for short stays (and even some longer stays), it's not a big deal. Especially in a small place for one or two people. The bigger the place, with a bigger group, the more likely they may want to cook and save money. 

I'm not doing room rentals. Just entire apartments right now. But am going to test some room rentals and maybe shared bedroom at one of the properties I own. 

We use Guesty to automate most of our guests communications, track leads, and get fast response times. At 3% of revenue for the software only, I think it's worth it to save time and reduce errors. 

Stoked you'll be out to the Summit! Oct 7 & 8. Announcement coming shortly.. ;)

Happy to inspire ;)

Our minimum number of days vary based on property. Some are 30+. Some, we go lower. Depends on situation (geography, if I own it, etc.). Generally, you'll make more money breaking it into the smallest stay possible, with as many beds as possible, but that adds some work.. And haven't done as much of that myself yet. 

Corporate tenants rely heavily upon the concentration of nearby employers that have constant demand for longer-term rentals. Oakland has not produced that for us. I hope you crush it on corporate rentals out there, but I wouldn't call it prime time relative to other SF Bay locations for corporate rentals specifically, in my experience. 

I encourage you to dip your toe into the water and see how it feels, if you're in a position to do it. No risk, no reward. If you can't afford to experiment, then do it later..

We'll be talking about this at the Summit in Oakland this year in October also. But feel free to hit me up with questions ;)

 Jonathan, some of the players are:
Turo, GetAround, Drivy, Wheelz, DriveOn (luxury)

@Matt R., DriveOn is supposed to be the luxury model of peer to peer car renting, but you may have already seen that if you're looking into Porsche and Corvette. 

Of course, if you're not leasing the car, then taking a risk on repairs and the capex replacement, right? To me, leasing the car would be a true "total cost of ownership." But hopefully there's some good numbers in there anyway. Just have to see how the repair and replacement game works out over time.. 

I've considered putting one car at a property where I have 5 furnished rentals, as a sort of on-site zipcar they can rent when they want/need, as an amenity. But wasn't sure if it would be great stand-alone income.