All Forum Posts by: Sabrina Mouavangsou

@Sabrina Mouavangsou, yes the group is on FB! https://www.facebook.com/group...

@Sabrina Mouavangsou, thankfully no real horror stories here.  In my duplex, I got it rehabbed, but didn't market it well for lease.  Just a sign in the yard and one near the corner of the main road.  As such, even with a good unit, for a good price, in a great neighborhood, I wasn't getting a lot of traction.  I did end up finding an older, widowed woman and her grown niece to each take a unit.  They both signed two year leases.  The nice (about 45 at the time) had a bankruptcy from 4 or 5 years ago, that she attributed to her divorce.  Well after about 8 months into the lease, she lost her job and was going to be filing bankruptcy again and moving out.  She let me know ahead of time, and she left the place in good condition, but definitely made me think twice about bankruptcies, even with a seemingly valid excuse and solid income job.

Her aunt was a whole other issue. Generally, she was fine, but I don't believe she had ever rented until my unit.  As such, she put in requests (and threatened to report me to the Council of Aged People and the BBB) because I wouldn't add an overhead light in the middle of her living room, or more outlets in the hallway.  Additionally, when she moved out, she did hire a contractor to come in and do some repairs.  She did not repair all the holes in the walls that she put in the walls from her pictures.  I withheld the cost to repair and supplied all documentation, but got some nasty voicemails about how I am stealing from the elderly, and this is how I make money, etc.

The lesson here: I really prefer not to rent to people who haven't rented in the past.  And if I am not seeing a rental history on the application, I am more direct in what types of things they can/should call me about and what is their responsibility.  I also make it very clear, that the expectation is that I get the property back in the same condition I lease it in.  If there are no holes in walls, I expect no holes when they move out.

Hi! I am located in northern CA but have been looking into the Fresno/Clovis area for small multifamily because we want a place that is somewhat close by but with better prices than the Bay. Bought a condo in Vegas last year but ready to take that next step. Would love to connect to hear your guys' plans and thoughts about the market there.

Hi Benjamin Wow there must have been a lot of regulations changed in the program for that many people to leave. So had no say in what stays or goes in the program? Like a section 8 housing?

When you talked about furnishing another property did you do it on your own? How did you get into that? Could you elaborate on that more?

The ROI sounds great! what did you end up walking away with? @Benjamin Aaker