Be it investors, potential investors or general public who is looking to start investing, everyone gets excited the minute they have extra cash on their hands and one of the usual plans is to invest it for quick profits. People want to start making their money work for them and that’s a very understandable and…
We currently live in a time where convenience has become the driving factor in people’s decisions. People prefer shopping online instead of in-store, phones come equipped with facial recognition, and driving services like Uber and Lyft have taken over the transportation industry. Though automation is a current trend, there are still tasks that automation and…
Investment real estate owners often hear about “NNN”, or “triple net” properties. Real estate brokers or other advisors may recommend NNN properties as an alternative to apartments for 1031 exchanges or direct investments which include: Hands-free management Name brand tenants. Long-term leases Pinch me, I must be dreaming! But what are NNNs, exactly? What follows…
Early Lease Termination If a tenant vacates during the lease term, this person is responsible for the remaining portion of the lease. A landlord must attempt to mitigate damages by attempting to lease the premises to another person. Once the premises have been leased, the original tenant’s obligation is cut off. There is an exception.…
Few Low-Rent Units with Rent Control The concept of shadow markets offers a reasonable explanation of why the results of rent controls are so perverse and why they lead to a sense of helplessness and panic in a rent-controlled population. Although rent controls are widely believed to lower rents, data I have collected from eighteen…
When considering a Delaware Statutory Trust (DST) property for a 1031 exchange, investors and their CPAs must also consider the tax treatment of DST properties. This article gives a brief overview of the various Delaware Statutory Trust tax treatment and DST taxation topics that investors should understand and go over with their CPA and tax attorney prior…
The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away an iPad and 5-day cruises. The show will be held on Thursday, October 25th at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa!
As an owner of small properties and a fee manager of other small property owners, I have become aware of the special hazards that can devour a small owner. When property management is not your full-time occupation, it can be very difficult to keep up with all the details that can affect your property. I…
[AOA: The following will not happen to you when we defeat Proposition 10!] One afternoon, a few years ago, I received a call from a guy inquiring about my company’s property management services. His said his name was Will Wright (name changed for privacy reasons) and that he owned a fourplex in Santa Monica, CA…