All Forum Posts by: Prachi Metha

Started looking into Citrus Height, not the new house but a house in the range of mid 400. How is the rental market in that area? Looks too far from downtown Sacramento so wanted to know what kind of rental are attracted to this area. Please advice.

Also, is anyone having a short-term rental in this area?

1 Vote

Sacramento, California

@Mike Malyy @Michael Hyun Thank you so much for the wonderful info. I was actually talking MTR (3 to 6 months lease) not really a Airbnb or VRBO kind. Again not sure if it will be successful so might have to convert it into LTR. So I might want to look at the areas which will work in both MTR and LTR situations. Are there particular areas that I should focus on?

0 Votes

@Michael Hyun Thank you so much for the detailed response. My husband has a job in Sacramento and has to travel there for few times a month. He plans to stay there a few times a month so we want to get an STR furnished and rent by the room or rent out the whole place depending on the situation. Eventually, we plan to convert it to a Long term rental and hold it. We are not looking for a major positive cash flow but certainly cannot afford a negative cash flow.

0 Votes

@Michael Hyun I am planning to do something similar with SFH or multi-family that I want to invest in. I am planning to rent it out as a furnished rental to travel nurse. Are there any particular area that are better than other?

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Hi All,

I have been on and off looking into getting an investment property in the Sacramento area. I am planning to get a NON-HOA single-family or multifamily in the Sacramento area (open to Elk grove, Arden-arcadia, South natomas). I have two queries: Has anyone recently done this or is aware of any permit etc needed for the short term rental? Secondly, are there any better areas than others like South Natomas or any for that matter.

1 Vote

Hi All Pool Owners,

We have a play pool at our property in the Phoenix suburbs that needs a major overhaul. Pool pump is leaking and the pool surface is toward the end of life. For the pool pump, we want to get it replace completely and for the pool surface, we want to get pebble tec. We are trying to define SOW for contractors and need to understand all things that we need to add. This is our first time owning a pool so need to understand are different options for pool pumps and pool resurfaces? if you have any ballpark cost analysis and recommendation please pour in.

0 Votes

Originally posted by @Jeremy Brown:

From what I've seen in the last year, you'll have more competition trying to buy a single family. If you aren't paying cash, forget it. Some duplexes may be possible. What size down payment do you plan to make? If 20% down, you'll have a hard time getting an offer accepted and you will have a hard time making any cashflow.

Newer homes will be worse for cashflow than older. I don't know your exact criteria, but you'll have a hard time finding any newer home in your price range unless it's a condo.

Thank you for your response, I am planning to pay around 20% to 25% of down payment.

0 Votes

Sacramento, California

Hi Experts,

I have been looking into purchasing a single-family house in Sacramento below $425K. With current market conditions does it make sense to invest in Single-family or Multi family houses in Sacramento? I know cash flow is not going to really work here but I am not looking to have negative cash flow so anything that can break even should work. I am looking into holding this property for 10+ years so looking for appreciation.

Also when it comes to investment does it make sense to invest in a newer house in a newer community where HOA etc exist or any older house.

Some insights will be really helpful.

2 Votes

Sacramento, California

This was very helpful.

Originally posted by @Joshua Strickland:

Check the locals trends link on Airbnb. It will show you how many days out the average guest is booking. If that date is less than whenever your first availability is, then you might have your answer.

0 Votes

Originally posted by @Colleen F.:

It is summer in Phoenix so make sure your listing reflects summer prices. You blocked until July 25th so you are looking at august bookings when it is even hotter so maybe it is the time of year. If there are venues close to you mention them. If there are events close mention them too... Steps to the xyz festival. close to x park. I would also describe the neighborhood and maybe put a more set back house picture. ...Quiet street, also it is a small point but "we love to travel so we furnished our home with travelers in mind" might be rephrased as Furnished with everything the busy traveler might need including xyz. Maybe listing those things like pool toys etc that are sometimes missing in your travels. You want them to connect with the house, not you. The other thing is it could be anywhere, you don't have any southwest flavor and travelers may lean more towards a local flavor when traveling. You could just do some southwest pictures, southwest bowls on top of the cabinets instead of the baskets, outdoor decorations. The vibe is good its just doesn't say welcome to phoenix. overall though it may be the season.

If you want a review you might give a couple of nights discounted to someone you know for the promise of a review. They would have to be reliable of course. I would say though it may be the season.

Thank you so @Colleen F your insights are super helpful. I will implements some of them immediately.

Colleen F.:

0 Votes

All Forum Posts by: Prachi Metha

Prachi Metha has started 37 posts and replied 64 times.

Post: Investment property in Citrus Height/ Carmichael Area

Post: Short Term Rental Sacramento Area

Post: Short Term Rental Sacramento Area

Post: Short Term Rental Sacramento Area

Post: Short Term Rental Sacramento Area

Post: Pool Owners Queries. Please Advice.

Post: Multifamily Vs Single Family Sacramento Suburbs

Post: Multifamily Vs Single Family Sacramento Suburbs

Post: Airbnb and VRBO Receiving no traffic

Post: Airbnb and VRBO Receiving no traffic