Santa Ana is a city with beautiful historical architecture and an emerging art district that is surrounded by trendy restaurants. In addition, there’s many great attractions such as the Bowers Museum, the Lyon Air Museum and the Discovery Cube Museum. Santa Ana has the advantage of being centrally located in Orange County and has a…
Photo by Anni Roenkae from Pexels Having a system in place for quick turnaround time when a tenant moves out is an essential part of effectively managing a rental property. Tenant turnover is a wildcard – there are a wide range of conditions that units are left in. Some renters stay for years, are hard on the…
The below article was written by Mercedes Shaffer, an agent with Pacific Sotheby’s International Realty. For the past year and a half, the eviction moratorium forced landlords to bear the burden of providing appropriate housing for tenants who, in turn, only had to pay little to none of their rent if they said they…
If you want to make sure a potential rental property has serious earning power, you’ve probably come across GRM, or the gross rent multiplier formula before. The GRM is used in real estate as a quick way to evaluate a property’s money-making potential. But what exactly is the gross rent multiplier, and how do you…
When selling, financing or re-financing a rental property the tenant estoppel often comes up during the due diligence phase of an acquisition or during the underwriting of a loan. What exactly is a tenant estoppel certificate and how does it work? Let’s dive in and take a closer look. What is a Tenant Estoppel? The legal definition…
I was recently on a road trip with my family up the California coast enjoying a much-needed change of scenery since all my vacation plans have been cancelled for the past year due to COVID-19. We travelled from town-to-town and booked all of our hotels ahead of time so that we could be assured that…
Can you sell a property when you have one or more tenants who aren’t paying rent due to COVID-19? The short answer is YES, it is just a matter of taking the right steps to ensure that you and your real estate agent understand and follow current laws regarding notices, disclosures, the eviction moratorium and…
The recent passage of Prop 19 eliminates the parent-child and grandparent-grandchild exclusion from reassessment for properties other than a “family home.” As of February 16, 2021, if you transfer your property to your children (or, grandchildren, if the parents are deceased), via any means (gifts, sale, hybrid, estate plan after your passing, etc.) that property…
To combat the statewide housing crisis, government officials in Sacramento have passed legislation to encourage property owners to add accessory dwelling units (ADUs) – small, secondary homes – to residential zoned single-family homes and multi-family buildings. The idea is that adding ADU’s will create more affordable housing in California. An ADU can be a stand-alone…
Is it a good idea to raise the rent every year, especially if you have a great tenant? So many landlords don’t raise the rent annually for a variety of reasons, so let’s explore the benefits and potential drawbacks. Don’t Want to Lose Your Tenant? One of the most common reasons a landlord doesn’t raise…