A poignant cartoon shows two desperate shipwreck survivors in a life raft. We see the circling sharks, but not at the lifeboat’s other end. One says, “Look at them bail! It’s a shame there’s a hole in their end of the boat.” Every level of government has trillions of unfunded liabilities: debt, pension and healthcare…
Recent Rollbacks Nevertheless, rent control is proving vulnerable. On January 1, 1997, Boston, Cambridge, and Brookline became the first major American cities to abandon rent controls since 1950. The process was not altogether voluntary. The initiative came from a statewide campaign organized by Boston and Cambridge property owners, who put up a state ballot initiative…
Property managers of the future are focused on technology. This allows them to cater to the tech-savvy tenants of the world today and create an effortless process for multifamily owners. If you’re an owner or landlord and answer yes to any of the questions below, it’s time to hire a property manager of the future.
Excellent property management delivers the highest profits and superior care for your property. This is a clear and simple truth. But how can you really know when you’re getting great management?
Recently, a client in a 1031 Exchange with $4,000,000 of equity was working with another registered representative and talking to a sponsor directly. In talking with Kay Properties and Investments, they learned that we specialize in Delaware Statutory Trust (DST) 1031 Exchanges and that we have access to a variety of DST properties from many…
“Couldn’t find the problem, everything is ok.” Trust me if maintenance cannot resolve a problem in a residents apartment. Everything is not ok. The resident is looking for service and we are failing to provide it.
Since the modern-day version of the U.S. Internal Revenue Code (the “IRC”) Section 1031 was amended in 1954, real estate investors have used Section 1031 like-kind exchanges to defer gains on their sale of real property. Section 1031 exchanges allow sellers to exchange investment real property with other like-kind investment real property without the payment…
Question One: One of our rental properties is in a nice area of Encinitas, in San Diego County. Next door is another rental. Over the past four to five years, there have been numerous criminal activities in the neighboring unit. Police activity is so frequent that our tenants often cannot leave or gain access to…
Rent control has been in force in a number of major American cities for many decades. The best-known example is New York, which still retains rent controls from the temporary price controls imposed during World War II. But this policy, meant to assist poorer residents, harms far more citizens than it helps, benefits the better-off,…
In my readings recently, I stumbled upon an article concerning rent control – a subject pitting two economic groups squarely against one another. If you’re the owner of residential rental units, you object to a governmental agency dictating what price you may set on your property. If, however, you’re the traditional apartment dweller, you favor…