All Forum Posts by: Yuliany W.

@J. Martin How long have you been investing in Tuscon? What's the turnover like? Is it easy to find new tenant? I know that you mentioned you're a cash flow investor. However, I'm curious about appreciation. I'm also more focus on cash flow but if I can get appreciation at the same time, that will be great.

@J. Martin Nice to meet you. I mainly invest in Phoenix and Scottsdale. But my brothers invest in Tempe, Chandler, Mesa and Scottsdale. We are always looking for low maintenance MF. We are also open to partner up (the 3 of us) to buy something bigger.

@J. Martin which market are you interested in? I think there are many  investors that are interested in out of state as well.

@David Greene 

I hope this helps.

Hi, Johnson! I hope you had a nice vacation. Unfortunately, I can't attend this time since I'm going to be on vacation. it's my turn this time :)

Let's keep in touch!

sorry the tag didn't work @Johnson H. @J. Martin

Hi all, I was searching for this topic and found this old thread. One of my tenant has asked me the same question. She wanted to remodel the bathroom. She would like to take out the tub/shower and (at her expense) put in a roll-in shower with a built in shower bench and tile the whole shower. It’s about a $5,000.00 shower re-do. UNITED WAY is willing to do it for her, at no cost to me, BUT when she moves out it will NOT be restored to the tub/shower combo. They need my permission to put it in for her.

Do I have a choice in this situation? Am I obligated to allow this remodel? If I were to allow this, should there be some kind of agreement to be signed?

If you were in my position what would you decide?

Btw, my rental is in Phoenix AZ.

@Account Closed

Thank you

Hi Elie,

I generally avoid HOAs. Mainly because it can reduce your cash flow significantly and also the control factor that you mentioned. However, most of the multifamilies with HOA look nicer and well maintained.

If the HOA decided to raise their fee, more likely you will also have to raise rent to maintain your current cash flow. This might make it harder for you to rent out your units if you are competing with other units that don't have HOA and can keep their rent low.

There are definitely pros and cons with HOA. I have a friend who invest in Indiana and his condo has HOA but the HOA is very inexpensive so he is happy with it.

I was discussing about HOA with @Johnson H. a while back he might have something to add to this thread.

Hi @J. Martin ,

I'm interested as well, might be coming with my husband. Thank you for organizing. It's always a crowd when you are the host. You're like people magnet :)

oh no! @Thad Miller and @Dylan M. did you guys park on the parking lot or the street? So sorry to hear that.