Fifield Companies, a well-known development firm headquartered in Chicago, has set its sights on the rapidly growing Inland Empire region. Recently, the firm acquired a 10-acre site in Riverside and is currently working to obtain entitlements for a 281-unit apartment complex. According to a statement released by Land Advisors Organization, the brokerage that represented both …
SB-567: Major renovations are one of the few reasons outlined in the 2019 Tenant Protection Act (AB 1482) that landlords in California can use to evict tenants who haven’t done anything wrong. The landmark legislation was designed to curb the impacts of rising rents and keep tenants in their homes. But housing advocates said the …
Originally published on therealdeal.com | A Sacramento lawmaker and former Los Angeles union boss seeks to further limit rent increases to help prevent tenants from becoming homeless. State Sen. María Elena Durazo, D-Los Angeles, announced a measure that would strengthen a 2019 bill capping rent hikes at 10 percent and preventing landlords from evicting tenants …
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 …
In this section, we discuss the common frustrations we see amongst property owners that can be avoided with some fine tuning of processes and other methods to ease your ownership headaches. Let us help you make your investments more massive while you turn your management more passive! HR professionals preach “hire slow, fire fast” and …
Owners of a high maintenance apartment building make a change to 46% more net cash flow. Families who have owned apartment buildings for long periods of time can often benefit from a quick analysis of their portfolio. Last year, we were lucky enough to work with a family who had owned a 12-unit apartment building …
In the fall of 2019, a client reached out to our Mid-Cities Multifamily Specialist Stelios Zoumberakis. He was weeks from selling a retail/multifamily mixed-use building in rent controlled Los Angeles, off-market, and was shopping for uplegs. It was a problem for him because he had no representation, and found himself in the unfamiliar world of …
