All Forum Posts by: Sherry T.

New LL here... Just received first round of utility bills and WM billed $100 in extra fees that were hidden in the fine print… ugh

I’m researching the company Roadrunner WMas an alternative. It appears they contract with local haulers to provide services in my area.

They quoted 10% less than my WM bill, with annual increases capped at 5%. They offered to buy me out of my current 3-year contract with WM. They will also analyze trash flows to “right size” capacity and frequency for my multifamily.

It all sounds good but reviews are mixed online. Is anyone familiar with this Roadrunner WM? Is it worth changing trash companies for $600 annual savings?

@Myka Artis I am really inspired by how proactive your strategy is. I’m interested in what key words your VAs are using when searching for those key personnel who handle housing. 

@Brooke Roundy Nice to meet you! I really love the area too. Thanks for your encouragement, I’m definitely feel more validated that this is a strategy that can work. 

Thanks everyone for the generous advice and actionable steps I can take! 

@Claudia Buchegger, I appreciate your insight into the traveling nurse markets. It’s interesting to know that FF is not reflective of true vacancy. 
@Ken M. do you have a recommended method to look up this info? I quickly checked a big chain and it wasn’t very clear what the vacancy was. 
@Nick Maugeri You’re right, the financials have to make sense. I think I can reasonably get $1000 more per month with MTR but would incur $400 more utility expense per month. I’m a long distance investor so I’d need to figure out the logistics as well as my current PM only manages LTR. I’d probably first try out self managing with a single unit when there is a natural turnover, as @Miguel Del Mazo suggested. 

Hello all, I recently purchased a small multifamily  with six 1/1 units, located in Midtown Sacramento. It is fully rented out to long term tenants. This is a nice urban area with tree lined streets and very close to the CA capitol and several hospitals. 

I'm considering turning one unit into a furnished rental to potentially increase cash flow.

However looking on Furnished Finder, there appear to be around 100 MTR listings in a 2 mile radius with around 40% currently vacant. Is this a clear indicator that the market is saturated? 

Quote from @Sherry T.:

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? 

Just to follow up on my experience with the SB721 Balcony Law Inspection…

Recommended repairs from the initial EEE inspection were made by the seller.  After the sale, we reached out to the original inspection company, Good Life, to recheck and verify that all was up to code. 

Looking back, it would probably have been better to do the re-inspection prior to sale but luckily the report came back all clear. 

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? 

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 :) 

Thank you @Ashish Acharya, @Basit Siddiqi@Michael Plaks and @Sean Graham for your helpful responses! 

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… 

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