All Forum Posts by: Larswin Mendoza

In the 2008-2010 time I only had two rental units here locally, but did end up with lower lease rates by about 4% compared to pre-2008. Vacancy times didn't change. I would NOT extrapolate that out to the market, though - hardly a large enough sample size.

I have a feeling this is fairly neighborhood specific - some areas certainly behaved differently than others during and after the recession. I saw rent rates rebound (and go far higher much quicker) than the data below shows, so I don't know what to believe here in general:

Real Gross Rent History for San Diego

Date	US Median	California Median	San Diego, CA Median	San Diego, CA Average
2013	$905	$1,224	$1,289	$1,368
2012	$897	$1,218	$1,272	$1,351
2011	$900	$1,213	$1,278	$1,337
2010	$910	$1,238	$1,329	$1,395
2009	$909	$1,247	$1,321	$1,391
2008	$914	$1,260	$1,339	$1,403
2007	$875	$1,196	$1,296	$1,354
2006	$881	$1,189	$1,306	$1,360
2005	$862	$1,152	$1,269	$1,328

(http://www.deptofnumbers.com/rent/california/san-d...)

Great data, thanks for posting this! Please keep the replies coming.

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These questions are aimed at members here who survived as landlords during the most recent Meltdown post-2008. I'm primarily interested in SoCal anecdotes as mine is in San Diego, but would be grateful for ANY shared experience, regardless of location.

What happened to your occupancy rate?

Did your rent rates increase due to higher demand or did they decrease along with all other prices at the time?

Did you have to make any concessions?

Thanks in advance.

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It's a long shot at this point, but I currently own a 4-unit bldg here in San Diego, and am working on a possible 1031 exchange into a 14-unit building also here in San Diego.

Aside from the obvious differences in scale and financing, are there any laws, pitfalls, difficulties, etc that arise from owning commercial that aren't present with residential multi-family, particularly as it pertains to the People's Republic of California?

I'm new here and don't have much time to peruse the forum, but if this has been brought up before, can someone point out a link? Thanks in advance.

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Thanks for the input.

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Hello to all, I just got turned on to this site a month ago by a friend.

I started in REI with an SFR in Phoenix AZ in 2012, and bought another there in 2013. Last year I took the plunge on a couple of MFRs here in San Diego CA. As nice as those are, my emphasis is cash flow at this point in time, and given the dearth of reasonably-priced MFRs or SFRs in SD, I'm forced to look elsewhere.

My hard-money lender here has taken the plunge in Chattannooga, and my General Contractor on one of my San Diego MFRs is from Nashville and strongly recommended North Nashville.

I've seen posts here speak glowingly of both cities. For those in Chattannooga or North Nashville, what is the latest assessment of these areas? Thanks.

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All Forum Posts by: Larswin Mendoza

Larswin Mendoza has started 3 posts and replied 5 times.

Post: Apartment Ownership During a Recession?

Real Gross Rent History for San Diego

Post: Apartment Ownership During a Recession?

Post: Upgrading from Residential Multi-Family to Commercial Multi-Family

Post: Chattannooga and Nashville TN

Post: Chattannooga and Nashville TN