All Forum Posts by: Sunny D.

Thanks all for the quick responses. I made a few mistakes as I felt guilty that I was not around to help so was more than accommodating for additional perks (pest service contract, allowed reimbursement for spoil food when refrigerator has issues, professional carpet cleaning at lease renewal and a few more). And unfortunately did not have the investor mindset that every dollar counts and as long as rent was more than my costs to keep the place did not push back hard. 

Tenant sends rent on time and is otherwise good other than  the extra time I need to deal with their requests, hence wanted a property management company. I used home warranty and though I felt had to spend a extra 500-700$ to deal with extra requests per year, I weighed it against their long term tenancy and had accommodated most of their requests.

Neighborhood is A , Folsom and in a nice location. The lease ends end of Feb. If I tell him that I am not extending lease though I had indicated by email few weeks back that I am willing to extend, will that be a issue. Also all correspondence has been by email than written letters. Should I let the property manager sort this out including letting them know I am not renewing the lease.

Thanks

Hello

I finally decided that I dont want to go through the hassle of dealing with my tenant who is very demanding when there is a problem. So I signed up for a property management company service based in Sacramento. The issue is

* Tenant is not keen on giving appointment to property manager for initial house inspection and starting the process

* Tenant sent me a email saying the property manager has been rude and their took the house assuming that we will directly manage it and wants to take legal opinion.

--

I have been very nice and accommodating to the tenants and dealing with a professional management company is obviously going to be more stricter. The tenant has been with us for 4 years, Any suggestions on what I should do. The lease ends at end of Feb and he is thinking about renewing

Thanks

Crowd funding - realtymogul/ifunding/patchofland seems simpler, I can diversify and also have some one else deal with the property . 

Same here , I had my pic, but I just decided to anonymize myself (hid last name and uploaded a dummy pic) , feels safer this way :) with the way social media is these days.

Hi

I joined BP recently and wanted to introduce myself.

Moved to bay area in 2014 from NYC and bought a  home for primary residence . Based on recent sales prices , it appears that our property has appreciated about 250K and it doesn't feel as stressful now about putting all of my savings into this purchase.

The other property that I have is a single family rental in the Sacramento area that we bought in early 2012 when the market was still down and looks like it has appreciated about 150K appreciation.

Monthly rent: ~$2000 (cashflow positive after mortgages, taxes and other maintenance expenses by $100 /month)

I have another 150K in various real estate crowd funding deals that are giving me 10-15 % returns.

I am looking to understand more about real estate investing and  opportunities for buy and hold rental properties with moderate risk.  

Cheers

Sunny