All Forum Posts by: David Robrecht

Are you trying to keep your zero eviction record intact? Start the process. It can be as simple as sending a notice to vacate letter. I umpire baseball and a saying amongst that community is the umpire who brags he never has ejected someone is the umpire who doesn't know he isn't in control. Not knowing anything about your tenant situation besides the three sentences you wrote, I doubt an eviction would really scare or pressure this young individual who doesn't pay her bills and has her car privileges controlled by her parents, but it would atleast get the ball rolling if she doesn't move out soon like you assume she will hopefully do.

@Thomas S. Not sure about your market, but in the San Diego beach market properties that are permitted to be used as vacation rentals go at a premium price. This is the reason why the HOA has no restrictions whatsoever in their CCR. You state to follow their unwritten rules and list it as a 1 year minimum rental restriction even though there are other owners who have tenants that rent for periods of only 3-6 months in the same building, same HOA, but different side of building so different neighbors.

my parents are at the point where they are fine with selling to get rid of the headache. The issue is these neighbors want no restrictions on paper but want to tell all potential buyers that there is a minimum year rental if anyone were to purchase this property. Essentially they want their cake and to eat it as well as they are keeping no restrictions in ccr for when they sell but making it so that anyone who views our property is informed that they will enforce a minimum 1 year lease rule which greatly devalues our property to potential investors.

so long story, but I will try to make it brief. Parents are retired and we're in the market for a condo in which they could live in for the winters and rent out via weekly/airbnb during summer. They found a nice condo by the beach in a small 10 unit building with no rental restrictions. After closing and moving in a new neighbor and them were talking and when informed of my parents plans, they informed them that her husband was on the HOA board and would never allow weekly rentals. Her and another neighbor then proceeded to mildly harass and bother them constantly about anything and everything I.e. Making noise when closing outside gate and coming out and just being nosy if they were eating on the common area patio amongst other little things. My parents decided to sell and just cut their losses rather than fight the board and deal with them. During an open house they had yesterday the neighbor came to it and informed the realtor that she's wants to tell all potential buyers that there Is a minimum 1 year rental restriction even thought ccr says none. Also unit on other side rents to traveling nurses who may only stay for a few months to 6 months at a time and when realtor stated that fact to lady she said yea but that's the the other side of the building (10 units, 5 on west, 5 on east separate common areas). My question is what is the best way for my parents to handle the situation? The HOA will never put a written rule on restrictions because it will decrease property value but they have enough power where if my parents were to fight it they may change ccr. Also what do we do about neighbor who feels she has a say on every thing that happens on her side of building? Thanks

I have sent emails to all that have reached out to me via this thread as well as all who messaged me. I have attached updated information for most recent property available with location, financing terms and numerous other details. If you have any other questions feel free to email me at [email protected] or reach out to me via message. If you are interested in receiving any information and have not yet reached out to me, leave your email and I will send you any information as it becomes available.

Thanks!

-David Robrecht

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emails have been sent. If you have any further questions feel free to reach out to me. If anyone else is interested give me your email and I will send information your way. Thanks!

Good morning,

I currently am anticipating having a couple of multi family properties become available within the next few months that will be for sale via seller financing with little or no money down and am looking to put together a list of interested investors. Properties, including one that will be available within the next week or so can yield as much as 500+ dollars a month in free cash flow after Payment, interest, taxes and insurance. If you are interested leave your email so that I may be able to forward you more information on any current properties and any future properties as they become available for sale. Thanks!

You are better off renting it as a monthly if you plan on keeping it. Vacation rental market is very tough in San Diego as there are a ton of properties and vacationers are very specific when it comes to location. You would basically have to underprice the market based on your location and even then you would be dealing with more browsers and casual interest emails then your time/additional potential profit is worth imo

That is an inaccurate statement. There is so much more to property value then market cap rate.

that link doesn't exist. The financials spreadsheet you listed shows 79 total monthly for hoa which is just not true.