Customer service. It’s the secret sauce that can turn a prospect from potential to SOLD! And while there are many factors to consider in the rental sales process, if you allow subpar customer service to persist at your properties, you’ll soon find yourself on a slippery slope of declining sales, lost revenue and a beleaguered reputation. In…
DetailsOne of the most common questions I’m asked is if there is a way to sell an investment property, keep the money and defer taxes. If you’re like some of my clients, you’re ready to enjoy the fruits of the wealth you’ve amassed and you don’t want to pay the government a large capital gains…
DetailsThe Section 8 Department will implement Small Area Fair Market Rents (SAFMRs) for applicants and participating families in the Housing Choice Voucher Program (HCVP). SAFMRs are defined based on the U.S. Postal Service ZIP code areas. They reflect rents at the ZIP code level with the goal to improve tenant outcomes. They have been shown to be…
DetailsPRESS RELEASE Alhambra, CA — On May 22, 2023, the Alhambra City Council approved “Tenant Protection Ordinances.” Both an urgency Ordinance and the first reading of a non-urgency Ordinance imposing a temporary moratorium on no fault, substantial remodel evictions for certain residential tenancies in Alhambra were approved. The Ordinances passed with a 5-0 vote to…
DetailsIn February of this year, State Sen. María Elena Durazo, (D-Los Angeles), announced a measure that strengthens the 2019 Tenant Protection Act bill capping rent hikes at 10 percent and prevents landlords from evicting tenants with no legal reason. On April 25, 2023, the committee passed the bill pending some amendments, after which it will…
DetailsNote from AOA: “Keep in mind that the following article also applies to tenant welfare, (i.e. rent control), moratoriums and other disgusting things that politicians pass to punish rental housing owners.” Today, we turn our heads, looking back…trying to learn from our experience in Argentina. But we begin by noticing changes in America. TIME Magazine,…
DetailsHow has tenant screening in California changed in 2023? For starters, the maximum allowable rental application fee that a housing provider can charge is now up to $59.67, thanks to inflation related to the CPI. The mystery shoppers are back out on the job, looking for landlords who might discriminate against applicants with Section 8…
DetailsIn March 2020, a motion was brought forward to the Los Angeles County Board of Supervisors (BOS) to establish a temporary eviction moratorium in response to the COVID-19 pandemic. The moratorium prohibited landlords from evicting tenants for non-payment of rent if the tenant could demonstrate financial hardship related to the pandemic. The BOS also supported…
DetailsThe below information was obtained from SVN’s Economic Outlook dated April 28, 2023. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. A majority (51%) of apartment…
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