The market for multifamily properties is continuously changing. In the light of major political, social, and economic developments, investors will have to look at the bigger picture. Adaptation is the key to success amid an uncertain landscape. Whether to resist or go with the flow will depend on what investors want to achieve in the…
Details“Take what you want but pay for it.” ~ Spanish proverb It would be wonderful if we didn’t have to pay the cost, if we could just take what we want. But the universe doesn’t work that way. That’s true for monetary costs and it’s also true for the trade-offs that come with every decision…
DetailsAs you likely know, the United Kingdom recently held a general election where Boris Johnson and his conservative Tory Party delivered, as the Brits would say, a thumping to the Liberal/Socialist Labour Party led by Jeremy Corbyn. What you may not know is why. The mainstream media would have us believe that the only reason…
DetailsI’ve written often about the importance of open communication between a property manager and the property owners they represent. Transparency is paramount in our industry, where owners ought to know exactly what they’re paying for, and managers ought not act on assumptions. In this article, I’ll present a comprehensive guide for positive and profitable interactions…
Details“The biggest mistake many investors make is to ignore the numbers generated by their properties.” Financial Statements Let’s start with financial statements, or lack of them. Many real estate investors only track the results of their real estate investments at tax time. Instead investors should be reviewing their results by reading their financials on a…
DetailsThere is little doubt that California taxpayers are under attack from all sides. Our elected leadership continues to burden both businesses and homeowners with an endless array of regulations and taxes. It is little wonder why there has been a significant uptick in outmigration by both businesses and individuals from California. That is why it…
Details“How do I know when it’s time to sell?” That’s a common question when I speak at a group of landlords or investors. The short answer is: “You can’t.” There’s no magic formula. You’ll never have perfect knowledge. You can never “know.” You must decide. Sometimes, the decision almost makes itself.
If you only know Kanye West from his music (or the Award Show Interruption Heard Round the World), you would be forgiven for being more than a little surprised by the headline above. But there are few things about Kanye West that aren’t surprising. This past summer, Kanye began work on a new housing community…
DetailsIf you suspect that documentation for assistance animals is suspicious, you may ask for more information. Recently, you may have noticed documentation coming from websites that offer assistance animal “certifications” for a fee, but they appear to provide this documentation without firsthand knowledge of a person’s disability or what assistance or support the animal provides.
DetailsHello everybody. My discussion this month addresses the question of whether an apartment owner must pay any portion of his/her manager’s cell phone bills if the manager uses a personal cell phone for work-related purposes. More broadly, do employers have to pay any part of their managers’ monthly cell phone bills? The answer depends…
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