A new state law that allows denser housing development near major transit stops [went] into effect in July, opening the door to construction of more than one million new units in California’s urban centers. The law forces cities to approve taller apartment and condominium complexes around rail stops, ferry terminals and rapid transit bus stops,…
Marketing and branding are like a couple. They work hand in hand, so it’s important to build a brand around you and your business. Doing this makes all your marketing work so much better. The main thing I want you to see as we touch on branding is that this is not hard to do.…
The Challenge of Managing Properties from Far Away Buying rental properties in other states can be a great way to find better deals and build wealth. However, managing these properties from hundreds or thousands of miles away creates real headaches that need smart solutions. Remote property owners face tough challenges like finding trustworthy contractors without…
As a long-term experienced operator of a property management company, property management CEOs have been faced with increased operating expenses that include annual wage increases in the 5% – 7% range, not to say anything about increased health insurance and annual bonuses paid to keep existing experienced staff. If you include new taxes on gross income, new laws that…
Across Southern California, and for that matter much of the country, housing is unaffordable for many, whether someone is trying to buy a house or rent an apartment. In fact, voter concern over the nation’s cost of living, including housing, appears to have played a major role in returning Donald Trump to the White House.…
Real estate is an increasingly trendy investment. But why is it right for you? Do you know the right investing niche for you? Know Your Niche I like to capture all five principles, but not all investments will do this. For example, if you pay cash, you lose the leverage aspect. You also need to…
A Delaware Statutory Trust, or DST, is a commonly used structure for those accredited investors looking to fractionally invest in real estate. The primary draw to investing in a DST is that it is 1031 Exchange eligible, meaning that investors who are selling a property can defer paying capital gains tax by investing those proceeds…
Zillow recently made a big change to its home price forecast. Now it’s predicting that U.S. home prices will rise this year, with an increase of 3.5% between December 2023 and December 2024. If that prediction comes to fruition, it would mean that national home prices in 2024 would see almost identical home price growth…
This year, I expect modest gains all around: modest gains in housing starts, modest gains in sales, and modest gains in prices. A recession, by itself, would have a negative effect on housing. But there are so many other factors affecting housing that most economists think our sector will weather the economic storm. In terms of…
L.A. City Council Approves Rent Hikes Landlords, you can breathe again. After a lengthy discussion, the Los Angeles City Council approved rent increases on rent-stabilized units to 4% (or up to 6% if landlords cover gas and electric costs). Council members voted 10-2 last Tuesday night to move forward on the proposal, meant to limit…