I remember it like it was yesterday … A gentleman walked into my real estate office and stated, “I heard you worked with real estate investors.” After acknowledging that yes, indeed I did, his next comment was, “Great, I want you to teach me everything you know about real estate investing.”
Just this year, Bill Nye, the Science Guy, made a bold statement saying that the “greatest generation” has arrived. But have you heard of them? At 75.4 million strong, they are now the largest living generation in the U.S. Born between 1982 and 1995, Millennials (also known as Generation Y) are around the ages of…
DetailsAs real estate investors retire, many choose to reposition their assets out of management-intensive investments (such as apartments, office buildings, storage, and mobile home parks) and into lower maintenance single-tenant NNN investments.
5 Tips for Attracting Great (Better) Residents Good residents come to you not by accident, but by design. There are good residents in every price range and in every neighborhood. A professional landlord will attract quality residents. An unprofessional landlord will attract troublesome residents. Your rental property is only as secure as the residents who…
DetailsHaving a written criteria list for your rental applicants is pertinent in your rental business and serves several purposes. By attaching a copy of your rental criteria to each blank application form, you are informing your applicant of a list of conditions that must be met for them to be considered as a future tenant…
DetailsRoof coatings became popular in the 1970’s and 80’s, along with the “Bee Gees”, and they have been around ever since. Coatings are applied over an existing hot tar roof in an effort to “extend” the life of the roof and to add reflective qualities to the system. This is sound thinking, however, in many…
DetailsHello everybody. Regular AOA readers of this column know that my most passionate recommendation to owners and management companies who employ resident managers is have their managers sign a written employment agreement setting forth the terms and conditions of the hiring.
The bad news for landlords is that BASTA is still going strong and appears to be growing. Recently, I was in the Downtown L.A. courthouse in Department 94, where all evictions are heard. There was a calendar of 54 unlawful detainer cases and of those 54 cases, BASTA represented 15 of the defendants. That means…
DetailsContinued from Part 12: The incentives broke out thusly: If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D.…
DetailsIn a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes. In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection:…
Details