Many investors recoil at the thought of selling a piece of investment property. And they usually have a good reason, whether it’s missing out on future appreciation, having to pay a massive tax bill or some other factor. Yet it can often make good sense to sell your property, thanks to a real estate investment…
DetailsIf you’re a professional property manager, you may have noticed a new type of owner in the market. This class of owner is confident in every aspect of their investments. They don’t have to stress the minutia of day-to-day work on their properties. They live in a state of certainty regarding the direction of their…
DetailsChallenge: Completing Tasks I have the perfect tenant. They pay their rent on time; they don’t call me for any repairs, and they never complain about anything. I can finally relax! When my students announce this in class, it brings up a red flag. As a homeowner or even as a renter, at least once…
DetailsKeeping a resolution is difficult and so is making an accurate prediction about the year ahead; I tend to avoid doing both at the New Year. But I have a prediction about housing. The United States may see the nationalization of private rental housing by the end of this decade. Through apparently disparate and incremental steps,…
DetailsQ: I served my residential tenant with a 60-day notice to quit with cause and he called me during the notice period to tell me he moved out and I could take back possession of the property. He left the keys in the mailbox and he left a significant amount of his stuff behind. What…
DetailsQuestion One: Do you think it is a wise idea to allow tenants to make direct deposits into my bank account? This would sure make it simpler for me, as I would not have to collect the rent and then make a deposit. My only concern would be that the tenants would have my bank…
DetailsDear Mayor Liccardo and City Council: The Diridon Affordable Housing Implementation plan contains several recommendations to assist in meeting the demand for housing. However, there are other recommendations that the Housing Department is pushing forward without any outreach or feedback from housing providers like me – and we will be the ones impacted by it. I…
DetailsRegardless of the price, your roof is not affordable if it leaks each time it rains. That’ll of course be long after the contractor is gone, and you’ll be stranded in the rainy season to fend for yourself while your tenants scream at you about water damage. Maximizing value is about selecting the best roofing…
DetailsWe can increase the occupancy at our apartment community simply with the conversations we have with local businesses. Word of Mouth Referrals We can create word of mouth referrals. Referrals are consistently the highest contributor identified as the source of visiting traffic at an apartment community. The days of depending on advertisements to be your leading…
DetailsHello everybody. On July 1, 2021, resident manager laws will change in many cities in California. Fortunately, the resident manager laws promulgated by the state of California will not change again in any significant fashion until January 1, 2022. My column this month will address a number of the 2021 changes of city laws and remind…
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