AB 1506 DEFEATED! It was the Biggest Threat to Small Property Owners Since Rent Control Itself! – by Noni Richen

[Editor’s Note:  Great news for the multifamily housing industry! Last month, Assembly Bill 1506, to repeal the Costa-Hawkins Rental Housing Act of 1995 was defeated!  At the Housing and Community Development Committee meeting, (a five member committee) – two of the members were in favor, two were against, and member, Ed Chau, abstained; therefore, preventing the…

The Future of Apartment Rent – by Dylan Simon

Want to know where the highest apartment rental rates are?  Where can you expect the most vibrant commercial real estate development in our region’s future?  You better familiarize yourself with Transit Oriented Development (TOD). If you have your pulse on commercial real estate development, then you’re familiar with TOD.  The concept is simple – orient…

Legal Q & A – by Attorney Richard Beckman

Question 1: When is a pet not a service animal? How do I verify that I can’t charge more for the pet? Answer 1: A service animal means any dog that is individually trained to do work or perform tasks for the benefit of an individual with a disability, including a physical, sensory, psychiatric, intellectual,…

Building Wealth at Your Pace: San Diego Apartment Investment Strategies – (Part 1 of 4) – by Terry Moore CCIM

A mentor, who has helped 100 households become financially independent, confides “There are a million ways to make a million dollars!” Wise investors select the strategy most fitting their personalities, capacities, and goals. This four-part series describes proven paths for investors who have progressed beyond single-family rentals. These ideas are demonstrative, not all inclusive. The…

Legal Q & A – by Franco Simone, Esq.

Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent trying…

Multifamily Sector’s Top Five “Buy” and “Sell” Markets – by Ten-X Commercial

Ten –X Commercial, the nation’s leading online real estate digital marketplace, released the latest U.S. Multifamily Market Outlook including the top five “Buy and Sell” markets for multifamily real estate assets.  The report shows that while fundamentals have begun to soften, demand across the apartment market remains strong due to positive demographic trends that continue…

Beware of the Prepayment Penalty – by Cliff Hockley

I have been counseling clients for a long time to be careful of prepayment penalties that lurk everywhere in today’s mortgage environment. I don’t like prepayment penalties because they limit your flexibility as an investor (as both Buyer and Seller) in real estate, but they are hard to avoid, and my clients have had many…