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Archive for September, 2018

Why Vote No on Prop 10

Posted on 12. Sep, 2018 by .

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Top 7 Things to Consider Before You Start Investing By – Linda Terrill

Posted on 01. Sep, 2018 by .

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Be it investors, potential investors or general public who is looking to start investing, everyone gets excited the minute they have extra cash on their hands and one of the usual plans is to invest it for quick profits. People want to start making their money work for them and that’s a very understandable and rational thought but sure enough one needs to be practical about their finances as well. There is a lot of due diligence and groundwork that goes into understanding the financial markets before one must start investing and it’s for their best as well! [...]

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4 Ways a Property Manager Can Make and Save You Money By – Taryn Spiller

Posted on 01. Sep, 2018 by .

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We currently live in a time where convenience has become the driving factor in people’s decisions. People prefer shopping online instead of in-store, phones come equipped with facial recognition, and driving services like Uber and Lyft have taken over the transportation industry. Though automation is a current trend, there are still tasks that automation and technology can’t fully replace. Multifamily property owners should avoid self-managing their assets because owners are less likely to collect additional income. Hiring a third-party property manager not only saves you money, but it can put more cash in your pocket and increase the value of your property. [...]

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NNN Properties: Safe Investments or Real Estate Time Bombs? By – Adam J. Bryan

Posted on 01. Sep, 2018 by .

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Investment real estate owners often hear about “NNN”, or “triple net” properties.  Real estate brokers or other advisors may recommend NNN properties as an alternative to apartments for 1031 exchanges or direct investments which include:

  • Hands-free management
  • Name brand tenants.
  • Long-term leases

Pinch me, I must be dreaming! But what are NNNs, exactly? What follows is a quick primer on what NNNs are, and perhaps more importantly, what they are not[...]

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DID YOU KNOW by Dennis Block

Posted on 01. Sep, 2018 by .

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Early Lease Termination

If a tenant vacates during the lease term, this person is responsible for the remaining portion of the lease. A landlord must attempt to mitigate damages by attempting to lease the premises to another person. Once the premises have been leased, the original tenant’s obligation is cut off. There is an exception. If you have another similar unit in your building which is vacant, it is permissible to attempt to lease that unit first. [...]

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How Rent Control Drives Out Affordable Housing – Part III By William Tucker

Posted on 01. Sep, 2018 by .

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Few Low-Rent Units with Rent Control

The concept of shadow markets offers a reasonable explanation of why the results of rent controls are so perverse and why they lead to a sense of helplessness and panic in a rent-controlled population. Although rent controls are widely believed to lower rents, data I have collected from eighteen North American cities show that the advertised rents of available apartments in rent-regulated cities are dramatically higher than they are in cities without rent control. In cities without rent control, the available units are almost evenly distributed above and below the census median. In rent-controlled cities most available units are priced well above the median. [...]

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Delaware Statutory Trust Tax Treatment, Taxation and Tax Returns By- Dwight Kay

Posted on 01. Sep, 2018 by .

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When considering a Delaware Statutory Trust (DST) property for a 1031 exchange, investors and their CPAs must also consider the tax treatment of DST properties. This article gives a brief overview of the various Delaware Statutory Trust tax treatment and DST taxation topics that investors should understand and go over with their CPA and tax attorney prior to making any investment decisions. [...]

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Coming Next Month – The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. Sep, 2018 by .

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The Big Show

You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away an iPad and 5-day cruises.  The show will be held on Thursday, October 25th at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa! [...]

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Six Rules for Survival for Small Owners By – Larry Duncan, CPM

Posted on 01. Sep, 2018 by .

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As an owner of small properties and a fee manager of other small property owners, I have become aware of the special hazards that can devour a small owner. When property management is not your full-time occupation, it can be very difficult to keep up with all the details that can affect your property.  I am going to share six simple but powerful rules. Six areas that, given a little extra attention, can make a cost-effective difference in your operation. Without that attention, they can cost you everything.  [...]

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Rent Control: A Cautionary Tale by – Dean Sherry, President of Duke Property Management

Posted on 01. Sep, 2018 by .

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[AOA:  The following will not happen to you when we defeat Proposition 10!]

 One afternoon, a few years ago, I received a call from a guy inquiring about my company’s property management services. His said his name was Will Wright (name changed for privacy reasons) and that he owned a fourplex in Santa Monica, CA near Santa Monica College (SMC). He lived in one of the units and each unit was comprised of a one bedroom/one bath mix with all the fixings, including washer/dryer combos, central HVAC, modern appliances and parking!  He’d been saving up money to travel and wanted a management company to look after his property. [...]

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