Q: Nick, I would like some ideas on how to avoid losing a month’s rent between tenants. Even my good tenants do not leave the place in move-in condition. It needs painting, cleaning, and minor repairs. Do you have any suggestions? J.P. Cleveland, OH
On September 17, 2018 California Governor Jerry Brown signed into law SB 721 – “The Balcony Inspection Bill”. The bill arises in response to the tragic deaths of six UC Berkeley students in 2015 at a downtown apartment complex due to the collapse of a balcony. Owners of multifamily apartment buildings with three or more…Details
The New Year Brings New Challenges for Taxpayers By – Jon Coupal, President of Howard Jarvis Taxpayers Association
“There are better things ahead than any we leave behind,” wrote author C.S. Lewis, one of the many thoughts about how a New Year brings hope. As great as Lewis was, he wasn’t a California taxpayer in 2019.
The Danger of Adding Debt in a 1031 DST Exchange: A Hypothetical Case Study by Steve Haskell, Vice President – Kay Properties and Investments
Below is a hypothetical example of a 1031 exchange investor that purchased DSTs with loans on them. It exemplifies the risk of debt, and the potential benefits of remaining as debt-free as possible when investing in DSTs.
Multifamily investing in 2019 and the market for multifamily properties is continuously changing, so here are seven expectations and predictions for the year ahead. On account of major political, social, and economic developments, investors will have to look at the bigger picture.Details
Q: I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to a rent…Details
If you believe building code mandates always end up costing you more money, you’ve got a pleasant surprise coming with California’s new solar requirements for multi-family homes. Starting January 1, 2020, all new residential buildings in the state under three stories tall must include solar panels. New updates to Title 24 of the state’s Building Energy…Details
In over thirty years as a property manager, we have been faced with numerous challenges with our vendors. Let me give you a few examples: A sewage pump failed over the weekend, so we called a vendor who wanted $5,000 to replace the sump pump. The pump cost was $1,000. We needed it replaced, but…Details
In this article, I’ll lay out five practices that the best property managers turn into longstanding habits. I’ve returned to them consistently throughout my career, and they apply to the management of all forms of real estate, from retail to residential, office to industrial. When managing, organization is of the utmost importance. You’ll find that…Details
Rent Control: It’s a Mirage, Hurts Low-Income Families, Means Higher Costs for Renters By – the California Association of Realtors®
The following is an excerpt from a position paper by C.A.R.’s Center for California Real Estate. It details the consequences of rent control policies, which have been used in certain California jurisdictions to attempt to increase access to rental housing. The complete position paper can be downloaded at http://centerforcaliforniarealestate.org/publications/CCRE_Rent_Control_report.pdf.