In residential real estate, the three most important things are…What are the three most important things in apartment investing? If you said location, location, location unfortunately you’re wrong, wrong, wrong. This truth is a shock to most new rental owners. But if you understand why, you can make more profitable apartment investments.
DetailsI have always wanted to come to the rescue like John Wayne did in almost all his movies. It didn’t matter if he was saving settlers from the bad guys in the Wild West, saving Shinbone from Liberty Valance, fighting at the Alamo, the Civil War or World War II; he always gave it his…
DetailsHello everybody. This month, let’s discuss “back-up” offers as they frequently occur in connection with the sale of apartment buildings. Real estate purchase contracts often contain a provision that the seller may receive back-up offers even though the seller has an accepted offer with the buyer and may even be in escrow. Under real estate…
DetailsMany businesses employ independent contractors which can be somewhat risky on many levels. Regulations exist with both the IRS and Department of Labor (DOL) which determine how workers must meet certain criteria that distinguish them from employees. Get it wrong and you run the risk of having to pay back taxes, penalties, and possible certain civil…
DetailsHere is an update on last month’s Concord City Council meeting regarding city recommendations: Just Cause Defeated!
DetailsI watched with resignation the vote in the State Assembly on our own David Chiu’s AB 1482 that would bring statewide rent control to California. The pro-housing forces were quite successful in diluting some of the harm and there’s always a (slight) chance that the bill will be defeated in the State Senate.
In the management industry, tenants aren’t the only ones coming and going; owners commonly “move” their properties between different property management companies until they’re satisfied with a service. Bringing buildings and entire portfolios under new management is a process well worth proper preparation, so here are five steps I always take to ensure this all-important…
DetailsEnergy efficiency means doing more with less. By leveraging technology to meet consumer needs while using less energy, California is reducing the need for new electricity generation, which reduces air pollution and saves consumers money. Many energy efficiency strategies also create more comfortable homes and workspaces.
To avoid lawsuits for discrimination, every landlord should have a list of written rental criteria that describes your minimum acceptable rental qualifications. This list may or may not be shared with your rental applicants when you give them an application. However, by giving a prospective renter this list, it may save you time in processing…
DetailsGreat apartment investors differ from other investors. For a generation, I’ve served 200+ successful investors and 2000+ others who never closed any investment escrow. These five major differences set great apartment investors apart from the pack.