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[quote=spdrun]Vermont. Liberal firearms laws (read: essentially no laws other than Federal), sparse population (but not so sparse they can’t work communally) relatively cheap land up north, proximity to a national border, relatively hard-working and civilized inhabitants.[/quote]

Interesting comment. I don’t see a lot of what I would call civility in urban/suburban areas of California.

What I see in California is a lot of desperation; people desperate for jobs, money, water, affordable housing and the list goes on and on.

Too many people, too much scarcity and desperation.

As a result of the desperation, people become less civil. They cheat, steal, lie, bully -> you name it you’ll find it overwhelmingly in California.

It does seem New England is more civil than California,. but then again I’d say the bar is pretty low.

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[quote=urbanrealtor][quote=paramount]

I’m selling it for a couple of reasons:

1. I’ve had enough of being a landlord.

2. For the last 6 months I’ve been losing close to $200/month on the rental due to tax/escrow increases over the years. I had long term tenants and did not increase the rent.

My current/primary house needs work. I bought it fairly cheap during the housing crisis years.

My plan was to sell both properties and buy a house that doesn’t need improvements. I’m also considering buying a house closer to work.

I do have enough equity to lower the price – and yet I’m not desperate to sell (yet).

A house very close to mine but 300+ sq ft smaller just sold in 5 days for 330k. It was a single story though.[/quote]

I know you and I have not seen eye-to-eye in the past but I say this out of genuine concern.

Get a property manager.

I have done more of that in the last 3 years and I have come to the conclusion that its actually more risky to manage your own rental than to manage your own purchase.

Waaaayy too many ways to get sued or lose a shit-ton of money based on seemingly innocuous or friendly decisions.

Good luck to you.[/quote]

Thanks I really appreciate yours (and all piggs) advice.

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After reducing the price substantially, I’m still seeing very little traffic.

I’m not convinced my market is a sellers market at all.

Pool of buyers is shrinking at this time of the year IMO, and the few buyers are looking for the deal of a lifetime.

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Pretty cool:

Dk2 Demo:

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[quote=FormerSanDiegan]What was your original reason for selling ?

What were you going to do with the proceeds.

The rent to price ratio seems to be pretty good for San Diego these days (assuming you can actually get 1750).

As far as “rental season”… while it’s true that you get more traffic in the spring/early summer, my experience in filling my rental house is that it doesn’t matter that much when you market it for rent, with the exception of November/December …

If your reasons for selling it are not valid with a lower price, and you are price-sensitive for your reason for selling, then I would continue to market it.[/quote]

I’m selling it for a couple of reasons:

1. I’ve had enough of being a landlord.

2. For the last 6 months I’ve been losing close to $200/month on the rental due to tax/escrow increases over the years. I had long term tenants and did not increase the rent.

My current/primary house needs work. I bought it fairly cheap during the housing crisis years.

My plan was to sell both properties and buy a house that doesn’t need improvements. I’m also considering buying a house closer to work.

I do have enough equity to lower the price – and yet I’m not desperate to sell (yet).

A house very close to mine but 300+ sq ft smaller just sold in 5 days for 330k. It was a single story though.

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[quote=flu][quote=paramount][quote=FlyerInHi]Doesn’t sound like he needs/really wants to sell.

I see nothing wrong with pricing it above market. Someone might bite. It only takes one buyer. It’s a seller’s market after all.[/quote]

That was my thought – I’m 5k over the zillow estimate.

What I’m runing up against is the active rental season. Once September hits (or school starts) it get harder and harder to find a tenant and I might have to lower the rent or standards.

I’m thinking of lowering the price 10k for the weekend to see what happens. After that on Monday it goes back on the rental market.[/quote]

I never understood why people price above market only to reduce it. Doesn’t that just send a bad message? It seems like it would be more effective to price at market, get a bunch of bids, and play them off each other.[/quote]

I had spoken to this supposedly superstar realtor a few weeks ago, and he said always price high (initially) to make an agent work to sell it. In the past I’ve done what you suggested, priced a little low – sort of the same strategy with a rental property.

It may be to late – maybe I should completely pull it off the market.

Keep in mind all I’ve been hearing is that sellers are in control, it’s a strong sellers market with low inventory.

I was originally planning on including an appraisal waiver addendum.

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[quote=Jazzman]What is the asking price and rent?[/quote]

335k/1750

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[quote=FlyerInHi]Doesn’t sound like he needs/really wants to sell.

I see nothing wrong with pricing it above market. Someone might bite. It only takes one buyer. It’s a seller’s market after all.[/quote]

That was my thought – I’m 5k over the zillow estimate.

What I’m runing up against is the active rental season. Once September hits (or school starts) it get harder and harder to find a tenant and I might have to lower the rent or standards.

I’m thinking of lowering the price 10k for the weekend to see what happens. After that on Monday it goes back on the rental market.

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[quote=flu][quote=Hobie]http://ddmgaragedoors.com/index.php

This guy is great. He will sell you the springs and will even take your call if you have questions.

Changing these springs is not difficult. While you are at it, consider the Liftmaster jackshaft opener. Mounts on the side leaving more room in the center of your garage. Quiet too.[/quote]

Thanks. So I found out that the reason why most places don’t sell springs alone is because some people are have been seriously hurt when they tried to install it, so people don’t want the liability.

I’ll file this place for future reference.

I found these guys in Clairemont…
http://www.allproqgd.com/

I can’t get the pulleys to wind up correctly, so I need to redo things…Monday’s suck.[/quote]

I was going to say, garage spring replacement probably not a good do-it-yourself project.

The guy who replaced mine last fall was missing finger tips.

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[quote=flu][quote=paramount]Sounds like a miserable place to work (Q).

It’s a lesson taught all to often: if at all possible put yourself in a position where you can survive if you find yourself out of work. If you’re over 40 it can be very difficult to find similiar work, and if you do it will likely be at a considerably reduced rate or in crappy work conditions.

The 1st thing I would do is move to Texas.[/quote]

There’s no way in hell Q is a worse place to work than some of the defense companies that my colleagues worked at, one in particular in Rancho Bernardo. Just saying…[/quote]

And yet I know plenty who have returned after bad experiences working at qualcomm.

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Sounds like a miserable place to work (Q).

It’s a lesson taught all to often: if at all possible put yourself in a position where you can survive if you find yourself out of work. If you’re over 40 it can be very difficult to find similiar work, and if you do it will likely be at a considerably reduced rate or in crappy work conditions.

The 1st thing I would do is move to Texas.

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[quote=Reality][quote=paramount]
I put my house on the market for top $$ – I’m going to give it a few weeks. If I don’t get solid offers by Aug 1 I’ll place it back on the market for rent.[/quote]

Why? If you don’t get “top $$” then it’s not worth that.
Do you see some great appreciation in the future?

This place next to where I used to live was on the market for 515k in 2006. Owner got greedy back then and now will get less than that 515k a DECADE later. And this during another mini bubble.

http://www.sdlookup.com/MLS-150035301-4554_Acacia_Ave_La_Mesa_CA_91941%5B/quote%5D

I don’t see much appreciation in the next year or two. I’m looking for top dollar for these reasons:

1. I want the realtor to work hard to get top $$

2. It’s a commodity house -> reasonably priced house on a very quiet street/nice neighborhood 100 yards or so from a highly ranked elem school.

It’s move in ready, quick escrow.

I’m even going to ask for an appraisal waiver addendum when I get offers.

I’m asking 5k over the zillow zestimate.

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[quote=flu]I have before on the X5 and more on the 550, but I drive my cars to the ground, and I’m pretty handy. My biggest regret? Wish I just combinded both purchases and just bought an M5, though one ended up being a gift for my dad. Financially, does it make sense? Nope. Oh well.[/quote]

Flu, would you drop 55k or more on a Tahoe/Yukon? As mentioned, definitely a nice ride.

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[quote=spdrun] I want to sit nice and low, in the car, not in a raised bathtub.

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You made a ‘bathtub’ comment sometime ago (as I recall) about crossovers and it stuck with me. And I agree Crossovers for the most part do look like bathtubs, but not a Tahoe.

[img_assist|nid=25401|title=Tahoe|desc=|link=node|align=center|width=100|height=57]

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[quote=The-Shoveler]My Two cents,

If you going to sell and just be done with LL’ing or a property then I think now is not a bad time to do that.

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Yah, I’m done with the LL thing. It was purely an appreciation play – if I was making 500 bucks/month I might feel differently. I’m not. Not even close.

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