All Forum Posts by: Ron Steckly

Doesn't have to be Oakland, pretty much anywhere in the Bay Area or towns around it.  I have a network of good subcontractors.  I'd be fine in East Oakland.

I don't know Spanish, but I could learn it if I have to (I speak French).

I just don't want to spend 3 years getting to 40 units if the market is saturated.  My goal would be to get 75 units in a year.

Also, it might be worthwhile to add, that I would have the goal of getting up to 75 properties, then hiring someone and adding up to 150.

Hi all,

I've been renting and managing properties for years (my own).  Recently, I was laid off from my corporate job and frankly really do not want to go back to cubicle life and having a single boss.

While I've read that property management is not very appealing to people, in my experience, many do not do it well.  I've had to parachute in with my own properties quite a bit over the years and have been astounded at the issues.  I have a lot of experience dealing with contractors, etc.

So, I was thinking it might make sense to start a property management business--especially with my experience as a small landlord.

I live in Oakland, Ca--which as many of you know--is a really high rental market, which I imagine attracts quite a bit of property managers.   I'm wondering how likely it is to break into that space, assuming I handled the credentialing issues.

Thanks,

Ron

Hi,

I've read that Indy is the country's emptiest city...is it really true that the city has vacancy rates up to 20%?

R

Hi,

I'm wondering if there is a good source for people to conduct market research about various real estate markets?

I would like to get some data about Indianapolis, Houston, etc.

I found:

http://www.localmarketmonitor.com/

https://www.reisreports.com/register/free-trial/?gclid=CLu9iOSSn7oCFdGDQgodNQIA6w

Anyone else have any good suggestions?

Thanks,

Ron

more to come....

Hi,

What is the 2% percent rule and the 50% percent rule?

Sorry for the dumb question.

Thanks,

Ron

The fair market values listed on the sheets seem to be significantly higher than Zillow or Trulia? How did you arrive at them?

Ron

Thanks Mike and Kerry!

I found this:

https://wholesale-houses.com/investment-news/entry/2013/01/29/a-few-neighborhoods-in-indianapolis-that-we-like

Would you say this is accurate?

Ron

Hi All,

I'm looking for neighborhoods in Indianapolis that is changing or moving up but that still has great cash flow.

Any thoughts?

Thanks,

Ron