How to Hire a Winning Team in Property Management By David Crown

There’s an old sports adage that “your team is only as good as its weakest player.” This wisdom can be applied to any industry, but I’ve found it especially true of property management.  Successful property management requires a joining of professionals with vastly different skill sets all working toward the same goal: maximizing the quality…

Details

Negotiating an Ethical, Legal, and Enforceable Tenant Buyout Agreement

A tenant surrender of possession of agreement is a meeting of the minds that results in a tenant voluntarily moving out for compensation, a rent waiver, return of the security deposit, or any combination of carrots and sticks to motivate the tenant to leave the premises at their own volition. More than “cash for keys,”…

Details

What Could the ‘Mansion Tax’ Mean for Mansions and the Homeless? By Lloyd Segal, President of The Los Angeles County Real Estate Investors Association

The pandemic-induced high-end real estate bubble has been broken, especially in California, according to new data provided by the Wall Street Journal. After riding high following the pandemic, (when selling an upscale house nationwide suddenly meant fierce bidding wars and astronomical selling prices), the high-end market has fallen off a cliff. Some of the reason…

Details