Start Your New Year’s Success : Do You Know Your Building’s Financials? – By Cliff Hockley

“The biggest mistake many investors make is to ignore the numbers generated by their properties.” Financial Statements Let’s start with financial statements, or lack of them. Many real estate investors only track the results of their real estate investments at tax time. Instead investors should be reviewing their results by reading their financials on a…

Airbnb Wars Continue: Supervisors Seek Hard 60-Day Cap on Short-Term Rentals – by Gideon Kramer, Editor, SPOSFI News

Regulations adopted in 2014—the so-called “Airbnb Law”—formally legalizing short-term rentals under 30 days for the first time, are not achieving the desired compliance goals. According to the city’s Office of Short-Term Rentals, 2,207 hosting applications have been received, but only 1,717 have been approved. That’s a small percentage of the estimated 7,000 to 10,000 hosts…