Financing Your Property in 7 Steps By – Nick Schoch

As a lender, I underwrote numerous properties. The easiest loans are permanent mortgages on stabilized multifamily properties especially if it is a low leverage request (loan-to-value no greater than 60% and debt service coverage of at least 1.30x). If your loan request looks like that, lenders will be eager to lend on your property. This…

Love Thy Neighbor? By – Zachary Lawrence JD

The King James Bible states…”Thy shalt love thy neighbor as thyself”. The Ten Commandments states:  “Thou shall not bear false witness against thy neighbor”. Perhaps the more practical maxim is …”Love thy neighbor, unless they interfere with your use and enjoyment of the property”.  California Civil Code section 3479 states: “Anything which is injurious to…

Top Five Apartment Mailbox Upgrade Mistakes By – Jim McBurney

Few apartment owners or property managers realize that it’s not possible to replace their mailboxes by searching online for equipment [that looks like what’s there now] and ordering and installing it. This is because the mailboxes installed before 1999 are probably illegal, not security-compliant, not-repairable and may even be owned by the Post Office that…