Published on caanet.org on March 6, 2023 | Mallory Homewood The California Apartment Association has published materials to help landlords abide by a new “just cause” for eviction ordinance in the city of Los Angeles. The new “just cause” ordinance applies to most units in the city that are not already regulated by the city’s …
The client had two 4-plexes in Riverside County that he had owned for over 30 years. The properties had significant deferred maintenance and rents were 40-50% below market. They were underleveraged and completely out of depreciation. Their blended return on equity was about 2%. The management company that the owner had been using neglected to …
“You have to go see the real estate.” Technological advancement is changing the management and evaluation of commercial real estate. The pictures in OM’s get prettier and prettier. Drone footage can give you a bird’s eye view of the surroundings, and if you are lucky, it’s not just still shots, but you are going to …
Are you aware of the legislative changes happening in your backyard? It’s hard to keep up with it all, especially in today’s post-COVID environment. It feels like every day there is a new proposed change announced that will directly affect California owners. We have suggestions on how to stay in the know and how to …
Originally published on caanet.org Extreme rent control and anti-housing activists are again planning a statewide voter initiative to take down the Costa-Hawkins Rental Housing Act, California’s most important landlord protection law. Last week, initiative proponents filed a “Request for Preparation of Title and Summary” with the California Attorney General’s Office for the “Justice For Renters …
Originally published on greenbergglusker.com As a result of the severe winter storms, flooding and mud slides that began in California on January 8, 2023, the IRS has issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange transactions. Here are key points and frequently asked questions about the extension. Who is eligible? …
As a team who has seen many properties, we know that there is more than what the surface shows. We take these steps for every property our clients are considering purchasing to make sure it is the best suited investment for their goals and needs. The photos may showcase a pristine condition or corporately guaranteed …
Jerry Hogg was in his mid 70’s and had been working in the service industry for 40 years. He was in need of very extensive back surgery and that was the catalyst for his retirement. He contacted us and said that he had a realtor come by his shop with an “offer” to purchase his …
Let us help you ring in a successful 2023! We have put together our recommendations to any owner to make sure that you are operating the happiest and most lucrative investments based on your current portfolio of assets. Here is a list of our best practices for a successful 2023: If you need assistance acquiring …
