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by callmeed 3846 days ago
Yes. Our family sold an ag property this year and I purchased 3 rental properties. Two of them are 3 bedroom condos that I rent to students at Cal Poly SLO. The third is a 3 bedroom home that is a family rental. It's been going smoothly so far. While student rentals seem risky on the surface, I like them because (a) most students (here, at least) are paying their rent with student loans or parents' money, so its fairly guaranteed, (b) turnover is easy to predict, (c) you'll have no guilt of evicting a young family who has fallen on hard times, (d) if you find serious STEM or grad students, they usually don't party too hard.

After the initial fixes and repairs we had to do during the purchase process (every home in California has termites), I've been working to automate as much as possible. Here's my "Landlord Stack":

1. Cozy for applications and rental payments (https://cozy.co/) (Price: free)

2. Rocket Lawyer for leases, other documents, and random law questions (https://www.rocketlawyer.com/) (Price: $50/mo)

3. Xero for accounting (https://www.xero.com/) (Price: $9/mo)

4. Trello for organizing information and to-dos (https://trello.com/) (Price: free)

5. We bank at Chase and use their online bill-pay to handle the few utilities we're responsible for.

So for I've had to unclog a couple toilets and fix a window screen. Other than that, smooth sailing so far. Email in profile if you want to get in touch.

1 comments

Awesome, I go there! Always cool to here from someone in the area, and interesting to see things from a landlord perspective
I go there too :) just went back to school after a long "hiatus" ... get in touch sometime