The multifamily apartment industry is never boring. Multifamily stats in 2018 are yo-yo-ing on a month-to-month basis but overall numbers and trends are positive for much more product on the market. Industry watchers attribute confidence in the development sector to the healthy state of the economy, with labor shortages leading to modest gains in pay…
DetailsThe below is an open letter, written by Attorney Michael Millman. [AOA: The following will not happen when we defeat Proposition 10!] Dear Members and Friends: Over the last 40 years, studies conducted by the Rand Corporation, and most recently, Stanford University, have confirmed and verified that RENT CONTROL IS NOT THE SOLUTION FOR PROMOTING…
DetailsThe crippled lad clung to the millionaire’s leg. The American had gently put the young man into the gifted wheelchair and expected to move on to the next needy Bosnian child. The youngster would not let go.
Everyone loves an open house. Realtors have portfolios with hundreds of homes for sale. A simple phone call can arrange an appointment for a home tour. Placing a sign in the front yard announcing OPEN HOUSE TODAY, creates interest. The results are significantly different than the inquiries generated by the HOME FOR SALE sign.
VOTE NO ON PROPOSITION 10 – Repeal of 1995 Costa Hawkins Fair Housing Act The below is an open letter, written by Attorney Michael Millman. [AOA: The following will not happen when we defeat Proposition 10!]
DetailsMany savvy investors from the “Baby Boomer” generation own highly-appreciated real estate assets and income properties. However, as they enter retirement, some of these real estate investors would prefer to not deal with day-to-day property management – from maintenance problems, and tenant issues to juggling rent checks and leases. Below you’ll learn why a Delaware…
Detailsent Control and Vacancy Rates There can be no doubt that rent control creates housing shortages. For almost 20 years, national vacancy rates have been at or above seven percent – a figure generally considered normal. Cities such as Dallas, Houston and Phoenix, where development is welcomed, have often had vacancy rates above 15 percent. …
DetailsMultifamily property managers are often caught in a pot crossfire between state and federal laws when it comes to marijuana use in apartments, especially in states where marijuana use is legal.
If you’ve missed some of the basic articles, guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 35: Consumables vs. Assets, Part 2 Businesses: Generally, because of low barriers to entry consumables tend to be price sensitive. Commodities are a type of consumable that competes only on…
DetailsHello everybody. In several previous articles I authored for AOA members over the years I discussed the concept of “usury.” Usury can be informally defined as charging a rate of interest on a loan that is greater than applicable law allows.