All Forum Posts by: J. Martin

@Chris Mason and @Andrew Wong,

This is definitely a trial and error for me. This is what I've learned, and it's not quite pleasant IMO. This is my sole opinions, and it has nothing to do with J's operation.

1) The location of the building/house has to be right IMO. Otherwise, your neighbors will complain. How do you like living next to a house that has different people coming in and out every several months? Did I mention there's a chance that your tenant MAY throw Airbnb guests when there's a one or two week gap between his/her corporate rental turnovers?

2) Noise issue - Sometimes, they have too many guests in a unit. This create noise issue. If you can cure it quick enough, your long-term tenants may use this as an excuse to break the lease, or they will move when their lease ends. You will only find out after the fact.

3) Safety issue - Your building is now operating like a hotel/motel/transient place rather than a "home". Your long-term tenants no longer feel safe because they don't know who lives next to them. If they want to break the lease, you have to let them out, or they move out when their lease ends. Again, you will only find out after the fact.

4) Does this mean you should run all of your units as corporate rentals or none? If all, the turnovers would be quite a bit. This goes back to the location of the building has to be right.

5) For 5+ unit buildings, our lender doesn't lend to furnished rentals. How do you plan to refinance when the loan is ballooned?

That's what I've learned so far...I hope there's nothing more to come.

ATTENDEES, LET'S SEE YOUR HAVE'S AND WANTS BELOW!
And what speakers are you most looking forward to?

@Aaron Henretty, @Adrian Sherman, @Alan Yuen, @Alex Kholodenko, @Alice K., @Amar Sandhu, @Andrew Cabello, @Andy Kaufman, @Angelo Wong, @Account Closed, @Annelyse Finley, @Ashok Bhojwani, @Avineet Garg, @Bernie Baker, @Bill Ganci, @Brian Larson, @Charles Ma, @Charlie Brown, @Chris Chia, @Chris Mason, @Daniel Cota, @Danny Duran, @David Faulkner, @David Poulsen, @Deepika Tandon, @Dina Eisenberg, @Enrique Saucedo, @Eric Z., Wong, @Eva Poon, @Faiz Sadeq, @Gabriel Baltierra, @Harper Sharma, @Henry Fuerte, @Janae Lacey, @Janet Voss, @Jason Hsiao, @Account Closed, @Jennifer Anderson, @Jeremy Geng, @Jessica Yau, @Jimmy Ho, @Jody Ryden, @Johnny Wow, @Jonathan Wu, @Juan Valle, @Justin Louie, @Kali Braunschweig, @Karen L., @Kathy Kalaba, @Katie P., @Kenneth Hynes, @Kimberly Stofan, @Lane Kawaoka, @Lindsey Haines, @Mai Vo, @Mano Chidambaram, @Mary Ann Casey, @Merced Fityan, @Michael Merritt, @Michael Ryan, @Mick Harvey, @Morgan Moore, @Myo Thien, @Nghi Le, @Nicholas Lohr, @Nischal Belthangady....

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J Martin
Have's:

1) Lots of Connections in the SF Bay Area in wholesaling, flipping, multifamily, etc.
2) Knowledge about furnished rentals, corporate rentals, Airbnb, etc
3) Knowledge about rent control in Oakland & San Francisco
4) Connections & knowledge about lending
5) and this !
6) Economic Research & Speculation

Wants:

1) Pay you market rent for your apartment in the SF Bay Area, and put awesome high-quality corporate renters in.
2) Land in Santa Cruz County
3) Interesting investing opportunities everywhere
4) Travel the world!

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Have's and Wants! Put 'em here! See above..

Attendees... Continued!

@Ori Skloot, @Patrick Bawer, @Peggy Liu, @Penn Viengxay, @Perry Z., @Peter Jun, @Peter Mateja, @Peter Mckernan, @Rachel Bier, @Rahul Bhatt, @Rajesh Patel, @Raman Bindlish, @Raymond Yeung, @Richard Townsend, @Rizalene Acosta, @Ruben Guerrero, @Ryan Arth, @Ryan Landis, @Sandeep Arora, @Sandeep S., @Scott Bohrer, @Scott Malkin, @Scott Sewell, @Account Closed, @Sergey Tkachev, @Sim Peyron, @Srinivas Swarnapuri, @Stephanie Gupte, @Stephanie Long, @Tim Garcia, @Timothy Tooker, @Timothy Farrell, @Victor Meng, @Warren Tseng, @William Yu, @Zach Shepard,

And some of the meetup leaders and moderators..

@Arlen Chou, @Account Closed, @Jay Orlauski, @David Oldenburg, @Shane Pearlman, @Troy Fisher, @Daniel Graff, @Bill Tan, @Barry Jekowsky, @Lenska Bracknell, @Bobby Sharma,

@Jelani Young one of the best opportunities to meet people and get connected is coming up in your old stomping grounds.  @J. Martin will be having his big summit on the 27th and 28th.  You can check out the line up and sign up at www.sfbaysummit.com.  There will be 20 BP podcast interviewees speaking at the event and hundreds of local and national investors and industry professionals.  No hard selling at the event, so it is a great relaxed way to gain some knowledge and meet some great people.

Hope to see you there!

-Arlen

Can't be in Kauai and CA at the same time, sorry @J. Martin!

Hello Everyone!

I am flying in from NYC for the event and I can't wait.  I've only been on BP for a few months but the connections I've made and the knowledge I've gained thus far have been invaluable.  I can't wait to meet and network with everyone.

I'd love to link up with anyone investing or interested in investing in New York, New Jersey and Connecticut. I've mainly invested in commercial value add multi-family, either through JV's or via Syndication over the last 6-years.

Currently I am grappling with the decision of going from third party property manager to hiring an in-house property manager.  If any of you out there have made that transition and don't mind sharing some words of wisdon I'd love to buy you a cup of coffee or drink.

Lastly, I am going to be doing some flipping with my brother in-law in the Atlanta area.  Would be great to connect with any ATL folks in attendance.