On November 4th, San Francisco voters, by a decisive 54% to 46% margin, said NO to Prop. G! The draconian so-called “anti-speculation law” would have added onto the current transfer tax
DetailsDespite intense pressure and advocacy from Mayor Bill de Blasio and other major New York City elected officials, the City Rent Guidelines Board (RGB) voted against a projected rent freeze and approved the lowest rent increases in City history at the RGB Final Vote in June.
Gerard Mulliez is often called the Sam Walton of France. The Mulliez (pronounced Mool-yay) family got started in textile manufacturing 200 years ago. By the 1950s, the textile industry in France had collapsed. So, Gerard boldly took the family out of textiles and invested what was left of the family fortune in
DetailsBuying a single-family investment as a real estate purchase has been a well-established financial strategy for thousands of years. You purchased or inherited a home or condominium and now you have to figure out how to get your arms around it. Perhaps you were transferred and don’t think it is time to sell
It’s no secret that the transaction market for multi-family product is the hottest in recent memory. The past few years of a zero Fed Funds Target rate has reduced the cost of capital significantly. This reduction of borrowing costs has helped
When you own rental property, one of your most important tasks is screening and selecting tenants. Because the process of screening tenants is time consuming, you need to have a system in place for doing it efficiently.
You’re about to discover the 10 commandments of property management. Every landlord should apply these simple principles. And although I read books and attended trainings on property management when I first got started, the bulk of these commandments came from over a decade in The School of Hard Knocks. Here are your 10
The phone call was from a frightened older woman in the Central Valley. “I can’t afford to pay my property taxes and I may lose my home by the end of the year if nothing is done in Sacramento.” While this call was eerily reminiscent of the years just prior to Prop 13’s enactment in…
DetailsThere is nothing more important in the life of a landlord than move-in day – the day you legally transfer ownership of your investment for the duration of the lease to a stranger. However well vetted this stranger may be,
Executive Summary: The investor faces four major risk scenarios, but they are not equally likely. Inflation is the most universal and is commonly addressed with higher interest rates. The least likely but most serious risk is deflation. Deflation is defined as an inflation rate of less than zero and characterizes a failing economy. It is…
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