Meet Local Housing Providers – Vuong & Truc

vuong-truc-phi-01

“Our given skill sets and unique life
experiences have allowed us to provide
housing with a personal touch—a liberty
that inspires me and which I treasure.”

Name: Vuong & Truc

How long have you owned rental property? 30 years

How many units do you own? 10

Owner/occupied? No

What do you like most about owning property in Oakland?  Its diversity.  I arrived in the United States as an 18-year-old foreign exchange student in the fall of 1970. Although it was hard to leave my homeland of Vietnam, I can never underestimate how lucky I was to escape war and strife for a fruitful American education. The corruption and classism that I witnessed from Communist Vietnam has always driven me to strive for balance, stability, and service within my community.

When entering the US, I had a choice to accept a scholarship to Louisiana State University in Agricultural Engineering, but instead I declined the scholarship to pursue my Bachelor’s degree in Mechanical Engineering at San Francisco State University.

It was there in San Francisco where I married my husband of over 40 years, graduated with my Bachelor’s, and mothered my only son. My husband, Truc, is a licensed architect and together we have always enjoyed the craft of building and renovating living spaces for the community that we are a part of.

In 1992, we entered the real estate business and have since found much success combining our expertise to the projects at hand and providing residential services to our communities that we hold dear to our hearts. Our given skill sets and unique life experiences have allowed us to provide housing with a personal touch—a liberty that inspires me and which I treasure.

How would you describe your relationship with your renters? Excellent

What concerns you most about the renter-proposed initiatives being considered in Oakland? The expenses. I love my new country for the freedom that we have. However, with rent control, Measure EE and all restrictions imposing on rental property owners, I feel like we are simulating the Communist policies of developing countries, punishing the people who work so hard to provide housing needs to the community.

What is the most difficult part about being a property owner in the city?  Maintaining a good environment for the neighbors and dealing with unfair ordinances.  Expenses are up but incomes are limited.

Any other comments? Are we living in a free or biased country?