All Forum Posts by: Malek Bohsali

 Love that idea

 Lighten the load is good advice. Sell the most problematic one first, see if that makes enough of a difference.  Be sure to screen your tenants, replace over time with higher quality ones. 

Yes, over 10 years you'll be kicking yourself.  Today timing might not be right for you - young kids and other responsibilities tie you up.  

anyone know what are the latest regs on STRs in San Marcus??  thnx

The answer is No

 Hi Ann, are you still seeking capital?

End result looks nice, maybe a little too nice for $220,000

I can’t wrap my head around not having visited the state much less the property. I hear lots of investors do so - here’s why I don’t:

To my mind, you can not fight human nature. When a freeze is forecast, service providers wrap their own home / property pipes first. If it’s getting late / dark, running out of supplies- will yours be taken care of?  
Unless they have cash / equity stake in your deals, property managers, agents, contractors have no skin in (the game) your assets. Yes, they ‘want’ to provide good services to grow/ maintain their businesses. But it’s a transaction. They lose you as a client, there’s no hit to/ cash out of their wallet - they chase / land other clients. Unless there’s an incentive structure I haven’t yet come across.  
I believe this is true for most folks, am not interested in scrambling to find and risking my judgement on those few providers who go above and beyond, especially far from my home base. 
I don’t have a solution for those needing to invest out of state other than public and private REITS. 
I’m a 3rd generation real estate investor and now developer. If I can’t put my hands on the asset, visit regularly I won’t touch it. 
Yes, severely limits my available pool of targets. 

I don’t wonder that the solar panel installer and my roofer would argue over who’s at fault for a leaking roof. New roof, no leaks…. Add solar panels, they need to attach them to the frame by puncturing the roof.  As an old civil engineer I’m not confident that all those penetrations through shingles and membrane would stay water tight.  
plus as others have posted, added $$ and who’s responsible for removing and reinstalling for each reroof?  I will not become wrapped around the axle on those issues. 
Lastly price of power here is only 9-10 cents/KwHr 

less than 12 months, that's ordinary income - but I'm no CPA!  free advice is usually worth what you've just paid