All Forum Posts by: Sanj Kumar

Hi Richard,

Let's catch up over a beer or a basketball game! Happy to share my experiences with Sac Rentals.

Cheers,

Jason

For the most part, i agree with all of the experiences and suggestions being posted here.  I was investing in Sac from Silicon Valley and realized the potential several years ago.  It took some personal sacrifice as i had to spend time away from my family, lots of saving (no $10/drinks at Santana Row with the boys), lots of hustling, weekend drives, self-management, investing in rough neighborhoods and a lot of failures for me to understand and appreciate where i am today.  I recently moved to the area and expanded my rental business while working full-time.  Sac has been an awesome place to work, live, play, invest and have great local craft beer!  I'm in this for the long haul and am looking forward to networking with Realtors who can connect me with wholesale properties, investors who want to grab a beer to network and buyers who are looking to partner on future potential deals.  Happy Hunting!

@Jo-Ann Lapin thanks for your reach out.  Nice to meet you as well.  

@Gordon Cuffe there are areas that are hit or miss.  I generally focus on areas with good schools.  Right now, your area is doing quite well (Roseville, Auburn, Rocklin). Folsom seems to have slowed down a bit recently.  Definitely looking forward to meeting quality people and learning from the folks who are FIRE.

@Matt Motil thank you, Sir!  

@Bryan Pham thanks for the reach out.  Sac is a great place to invest.  Prices have come up quite a bit the last few years, but the numbers make sense when compared to the Bay.

@Tobias Falzone I am not a part of any REIA groups. Just a small time investor enjoying my time in RE. Always open to networking and grabbing a coffee/beer.

Andrew, Property Management is the most important part of real estate investing. You can find the best deal and the most upgraded property only to have a crappy tenant selected by someone who has little to no vested interest in your future. I would take this as an opportunity to understand competitor units to see how they are being marketed, visit rentometer to see what others are charging for rent in the area and then add a personal fun twist to your free ad. I would also recommend getting a free google voice number matching the area code of where the property is located so that the tenants know you are accessible (assuming you are not local). Once the calls start coming in, I would take notes to gauge how qualified they are from a rental, employment and financial perspective. This is a people business. You are obviously concerned about the well being of your property, but the more time you spend upfront, the fewer calls you get while you are on a cruise with your family. Broadband is expensive on a cruise ship. :) Once you identify a tenant, take good care of them and they usually take good care of your property. Protect yourself from risk by increasing the deposit. Check your local state guidelines to ensure you are in compliance. Most importantly, fail. Fall on your face and learn. It is cheaper than college and you’ll make a hell of a lot more money from it! Best of luck!!

Hey Andrew, I just joined this site today and can relate to your situation. Hopefully, you opted to stay in Danville and pocketed another 150-200k since the initial post 3 years ago. Cali is unique. We left in 02 following the dotcom bubble and moved to Northern VA. We turned our savings into 16 units between Ohio and VA. Everything was perfect until the housing bubble hit. 7 figures in equity by age 30 disappeared immediately. In 06, we decided to move back to Cali. We read a piece that ranked San Jose as the number one place to save as a renter. After renting and saving for many years, we decided to move again and satisfy the lifestyle and investing itch. We’re now in the Sacramento suburbs. Wallet Hub has listed this area as the top place to raise a family in CA (2 years straight). We live minutes to the farmers market, Amazon Whole Foods, Trader Joe’s and Sprouts. The culture, weather, diversity, access to trails, Napa, lakes, and skiing is pretty awesome! We’re able to invest, work and play close to home whilst sending our children to some of the top public schools in the area. As a bonus, we have a thriving beer culture with awesome small local brewers who take the time to sit and have a beer with you that they recently released. And if you’re not completely sold just yet, Lifetime fitness is right around the corner. :) You don’t have to sacrifice your health to create wealth. Best of luck!!

I’m looking forward to learning from you all and will contribute whenever possible. Cheers, Sanj