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All Forum Posts by: Sherry T.

Sherry T. has started 3 posts and replied 13 times.

Post: SB 721 Deadline Extended: What California Property Owners Need to Know

Sherry T.
Posted
  • Posts 13
  • Votes 0
Quote from @Aaron Robertson:

California's SB 721, known as the Balcony Inspection Law, requires multifamily property owners to inspect exterior elevated elements (EEEs) like balconies and decks. This safety measure aims to prevent structural failures and ensure tenant safety.

Originally, the first inspections were due by January 1, 2025, but a recent update—AB 2579—has extended the deadline to January 1, 2026. This extra year gives property owners more time to schedule inspections and make necessary repairs.

Key Points:

  • Applies to multifamily properties with three or more units.
  • Covers balconies, decks, and elevated elements made of wood or similar materials.
  • Inspections must be completed by licensed professionals and repeated every six years.
  • Hazards identified must be repaired promptly.

With the extension, now’s the time to plan ahead. Schedule inspections early to avoid a last-minute rush and ensure compliance with California law. Staying proactive not only protects your tenants but also safeguards your investment.

Follow up question… if a seller had an Eee inspection and necessary repairs done before a sale, should I, as the new owner, have it re-inspected and obtain a clear report to be in compliance with the law? 

… or was it enough the repairs were made by a licensed contractor? 

Post: New realtor and investor.

Sherry T.
Posted
  • Posts 13
  • Votes 0
Quote from @Mary Huong Nguyen:

New realtor and investor in Sacramento, CA. Hope to connect and learn.


 Hi Mary! I’m also a new investor in Sacramento. Would be happy to share experiences and ideas. Feel free to DM me :) 

Post: Is all passive income treated the same?

Sherry T.
Posted
  • Posts 13
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Thank you @Ashish Acharya, @Basit Siddiqi@Michael Plaks and @Sean Graham for your helpful responses! 

Post: Have you used a rental property inspection service?

Sherry T.
Posted
  • Posts 13
  • Votes 0
Quote from @Richard Olshove:

So does noone have experience with this?  Even with a property manager I would like to see the condition of my property periodically in a nice property inspection report.  Here is an example of someone who does this in the Tampa FL area as an example.  https://www.onsightpros.com/se...


Did you ever resolve this? I’m interested in a similar solution… 

Post: Is all passive income treated the same?

Sherry T.
Posted
  • Posts 13
  • Votes 0

Wondering if losses from passive rental income (I.e. long distance property managed by third party) could offset capital gains from stocks? 

Post: Has anyone had success with STR in the Downtown Sacramento Market

Sherry T.
Posted
  • Posts 13
  • Votes 0
Quote from @Dan Sundberg:

I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses. The logistics are simpler since as you get 4-5 turns/year and it isn't affected by the city ordinance on STRs. Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy. However the medium term rental seems like a good option. Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com.

...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 


Hi! Just read your post and am curious… How has renting out your DT Sac ADU go been?

Post: Picking a local market in SoCal

Sherry T.
Posted
  • Posts 13
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Quote from @Andy Lanyi:

@Sherry Tsai

If you choose to self manage, it would be the one closest to where you live. You will have to go there once to twice a week to make sure that trash doesn’t get out of control. I live in Pasadena and have multifamily in Longbeach, and I hate the traffic to get there. Long Beach is so fringe oriented and prices are so high that it is pricing out the low income people out. So, my opinion is if you purchase in Longbeach, in a fringe area,the area will get better.

Hi @Andy Lanyi.  I’d be miserable if I had to drive in traffic to LB every week to clean trash. Riverside is a better commute because it’s against the flow of traffic. 

I’d I may ask, what kind of property do you have in Long Beach? And is there a neighbor or someone in the area you could pay to deal with the trash? 

Post: Picking a local market in SoCal

Sherry T.
Posted
  • Posts 13
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Quote from @Tim Ryan:

I was taught to buy "in your own back yard first" and I'm in Los Angeles. I bought two SFR is Desert Hot Springs (years ago). They were just barely decent investments. Held for 8 years and make a small amount. So I'm not sure it's the best advice anymore for us SoCal investors. I quickly found Chattanooga Tn in 2009 (very early) and made a killing. I'm now investing in WI. So, my advice for you is to go OOS as I've done far better than I would have here.

Thank you for sharing your experience. What kind of property do you invest in Chatanooga? Did you know the area well before going in? And how often do you go back to check on your properties? 

Post: Picking a local market in SoCal

Sherry T.
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  • Posts 13
  • Votes 0

@Jonathan Greene I appreciate your input. Unfortunately the ship may have sailed to invest in Davis, as she only has a year left before she graduates. 

Post: Picking a local market in SoCal

Sherry T.
Posted
  • Posts 13
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Quote from @Eric Gerakos:

My rental properties are all in Riverside county. Great appreciation and cashflow if you know where and how to buy.

Wow, that’s impressive to hear in today’s market. What kind of property and neighborhoods do you typically go for?