The house-buying craze, [especially in Los Angeles], has lost momentum, in some cases forcing sellers to lower list prices, forget about bidding wars and multiple offers, and in certain scenarios, heaven forbid, cut commissions. Shouldered by the pandemic, the housing market was seeing homes sold at record prices, sometimes tens of thousands of dollars over…
If you are thinking about selling your rental property, a tax-deferred 1031 exchange may be a path to consider. The deferral of taxes resulting from the sale of investment property allows for investors to reposition investment real estate to help meet their objectives while preserving all of their equity so it continues to work for…
The below article was written by Roger Valdez with The Center for Housing Economics which advocates for small and large apartment owners on a national basis. The Ohio Legislature has passed and the Governor has signed legislation to preempt local government from implementing rent control. More than three years ago, I said that Ohio could lead the country…
When you’re a landlord or property manager, there are a lot of problems to deal with on a daily basis. There are regular things like maintenance issues, of course. But the most challenging problems of all are related to difficult or uncooperative tenants. What Kinds of Problems Can Uncooperative Tenants Give to Property Managers or…
Let’s be very clear, an attorney should always be consulted to determine a tenant’s rights in a specific eviction and to determine the best course of action. In California, you may be able to start an unlawful detainer (eviction) by giving notice. An unlawful detainer is a lawsuit to evict a tenant. In this type…
Time to Raise Rents Landlords cannot just sit back and allow their properties to manage themselves. Landlords need to be vigilant in protecting their income property. We have all seen the horrors of legislation, designed to protect tenants, which is shouldered on the backs of income property owners. This started with local jurisdictions, and then…
Everyone loves a good survivor story. Whether it is a group of 12 boys rescued from a cave in Thailand or the indomitable spirit of a soldier who endured more than two and a half years as a POW during World War II, these stories strike a chord with all of us. Naturally, we put…
Preventative maintenance is always better than waiting for a problem to arise and having to fix it in a panic. If you ignore the “check engine” light in your car for too long, you could end up stranded on the side of the road. If you do the same to your roof, you could be…
What a difference $1 billion makes. An estimated 3,800 more college students will soon have affordable campus housing after state lawmakers and Gov. Gavin Newsom agreed to pump a portion of California’s $300 billion budget into a student program to ease a residential crisis gripping the state’s public universities and community colleges. All told, $1.4…
If you are a California landlord thinking about selling your rental property this year, you are definitely not alone. While owning investment property in the Golden State has its appeal, several factors are motivating many landlords to sell their rental property in 2022: California now leads the nation in outward migration, and the state’s landlord-tenant…