Buying a small condo in UTC as an investment?

[Scarlett]

4plex,that is why I am looking in UTC or maybe CV, because it would be within 20′ drive at most. I live in UTC and when I buy a SFR for me, it would be on the 56 corridor if not UTC. I meant that in case my sister buys, I’d probably deal with all those problems.

I now rent in a townhouse that is managed by a rental agency (out of town owner). I haven’t bothered to call the agent for every single thing that went wrong in the house. If I had spare, matching light bulbs, I replaced them. I figured out how to remove the sink stopper and remove all the crap the previous tenants left (yes, sinks were backing up like you said). I repainted 2 rooms on my own dime. I replaced the really old garden hose. I applied WD40 wherever necessary. Didn’t even bother to mentioned ahead of time all those little things to the agent (except for painting).I guess we are model renters. We did call the agent when the problem was too complex, too big or too time consuming or too expensive. The agent then sent in a handyman or whatever.

The agency is ReMax, BTW. Any experience with them?

[4plexowner]

no experience with ReMax

Scarlett – you are a landlord’s dream

I had a few good tenants in 8 years – overall, best tenants were military

I never had to do it but I knew that a few phone calls to the sailor’s / soldier’s base would get me to their chain-of-command – I believe (but could be wrong) that mis-treatment of a landlord by a sailor / soldier would not be tolerated by the chain-in-command

[4plexowner]

no experience with ReMax

Scarlett – you are a landlord’s dream

I had a few good tenants in 8 years – overall, best tenants were military

I never had to do it but I knew that a few phone calls to the sailor’s / soldier’s base would get me to their chain-of-command – I believe (but could be wrong) that mis-treatment of a landlord by a sailor / soldier would not be tolerated by the chain-in-command

[4plexowner]

no experience with ReMax

Scarlett – you are a landlord’s dream

I had a few good tenants in 8 years – overall, best tenants were military

I never had to do it but I knew that a few phone calls to the sailor’s / soldier’s base would get me to their chain-of-command – I believe (but could be wrong) that mis-treatment of a landlord by a sailor / soldier would not be tolerated by the chain-in-command

[4plexowner]

no experience with ReMax

Scarlett – you are a landlord’s dream

I had a few good tenants in 8 years – overall, best tenants were military

I never had to do it but I knew that a few phone calls to the sailor’s / soldier’s base would get me to their chain-of-command – I believe (but could be wrong) that mis-treatment of a landlord by a sailor / soldier would not be tolerated by the chain-in-command

[4plexowner]

no experience with ReMax

Scarlett – you are a landlord’s dream

I had a few good tenants in 8 years – overall, best tenants were military

I never had to do it but I knew that a few phone calls to the sailor’s / soldier’s base would get me to their chain-of-command – I believe (but could be wrong) that mis-treatment of a landlord by a sailor / soldier would not be tolerated by the chain-in-command

[sdnerd]

I’ll second the comment on UTC rentals getting softer.

A few months ago, units in my complex were rented almost immediately. They definitely appear to be taking longer to rent now, and I imagine prices are being lowered.

There’s (6) 2 bedroom units listed on CL right now from $1,500-$1,800. Doesn’t appear there are any 1 bedrooms on the market right now, which doesn’t surprise me too much. Fewer number, and the lower rent is attractive for students.

I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture.

[sdnerd]

I’ll second the comment on UTC rentals getting softer.

A few months ago, units in my complex were rented almost immediately. They definitely appear to be taking longer to rent now, and I imagine prices are being lowered.

There’s (6) 2 bedroom units listed on CL right now from $1,500-$1,800. Doesn’t appear there are any 1 bedrooms on the market right now, which doesn’t surprise me too much. Fewer number, and the lower rent is attractive for students.

I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture.

[sdnerd]

I’ll second the comment on UTC rentals getting softer.

A few months ago, units in my complex were rented almost immediately. They definitely appear to be taking longer to rent now, and I imagine prices are being lowered.

There’s (6) 2 bedroom units listed on CL right now from $1,500-$1,800. Doesn’t appear there are any 1 bedrooms on the market right now, which doesn’t surprise me too much. Fewer number, and the lower rent is attractive for students.

I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture.

[sdnerd]

I’ll second the comment on UTC rentals getting softer.

A few months ago, units in my complex were rented almost immediately. They definitely appear to be taking longer to rent now, and I imagine prices are being lowered.

There’s (6) 2 bedroom units listed on CL right now from $1,500-$1,800. Doesn’t appear there are any 1 bedrooms on the market right now, which doesn’t surprise me too much. Fewer number, and the lower rent is attractive for students.

I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture.

[sdnerd]

I’ll second the comment on UTC rentals getting softer.

A few months ago, units in my complex were rented almost immediately. They definitely appear to be taking longer to rent now, and I imagine prices are being lowered.

There’s (6) 2 bedroom units listed on CL right now from $1,500-$1,800. Doesn’t appear there are any 1 bedrooms on the market right now, which doesn’t surprise me too much. Fewer number, and the lower rent is attractive for students.

I’m not sure what impact the UCSD schedule has on the area. Summer is coming up, so maybe it’s that time of the year or something. I have seen a lot of moving trucks the last few weeks, and younger people & their parents carrying furniture.

[jpinpb]

I agree w/4plex. Be near the rental. I tried to hold on to the house I had when I moved to San Diego. I had rented it to an attorney. You would think that would be a responsible tenant. The place was trashed. I ended up selling it and it worked out in the end, but still a PITA.

You want to be not too far so you can check on it. You just never know. I think people would take care of the place b/c that’s what I would do, but that’s not reality.

[jpinpb]

I agree w/4plex. Be near the rental. I tried to hold on to the house I had when I moved to San Diego. I had rented it to an attorney. You would think that would be a responsible tenant. The place was trashed. I ended up selling it and it worked out in the end, but still a PITA.

You want to be not too far so you can check on it. You just never know. I think people would take care of the place b/c that’s what I would do, but that’s not reality.

[jpinpb]

I agree w/4plex. Be near the rental. I tried to hold on to the house I had when I moved to San Diego. I had rented it to an attorney. You would think that would be a responsible tenant. The place was trashed. I ended up selling it and it worked out in the end, but still a PITA.

You want to be not too far so you can check on it. You just never know. I think people would take care of the place b/c that’s what I would do, but that’s not reality.

[jpinpb]

I agree w/4plex. Be near the rental. I tried to hold on to the house I had when I moved to San Diego. I had rented it to an attorney. You would think that would be a responsible tenant. The place was trashed. I ended up selling it and it worked out in the end, but still a PITA.

You want to be not too far so you can check on it. You just never know. I think people would take care of the place b/c that’s what I would do, but that’s not reality.

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