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 …
