Petaluma · Sonoma County · Marin
Income property, by the numbers.
Duplexes, triplexes and fourplexes across Sonoma County.
Start with the numbers.
A property with two to four units can often be financed with a residential loan, and some buyers live in one unit and rent the others. Luis helps you look at the numbers before you offer: rents, expenses, vacancy and the condition of each unit.
Luis has advised small-business owners on planning and financial projections since 2012. He looks at an income property the same way: rents, expenses and projections first.
What to look at before you offer.
Rents and leases
Current rents, lease terms and what each tenant pays for. Compare them with rents for similar units nearby.
Expenses and vacancy
Taxes, insurance, maintenance, the utilities you cover, and a realistic allowance for vacancy and repairs.
Condition of each unit
Inspect every unit, not only the one you are shown. Deferred work in one unit affects the whole building.
Sold homes
A recent purchase.
Commercial property.
Luis also represents buyers and sellers of commercial property through CENTURY 21 Commercial.
Let’s talk
Talk through a purchase.
Tell Luis what kind of property you have in mind and the numbers you are working with.