Top Los Angeles Restaurants are closing to make way for the Frank Gehry-Designed 8150 Sunset Boulevard project in West Hollywood (rendering above) Landlord accused of illegally evicting people to rent their apartments on Airbnb A Los Angeles landlord illegally evicted tenants from their rent-controlled apartments and listed them on Airbnb, a lawsuit filed this month alleges. The suit accuses real estate developer Wiseman Management of tearing down rent-controlled housing to b

Image source: thebalance.com Earlier this month, supporters started gathering signatures to increase property taxes on commercial properties in Los Angeles, a measure expected to be on the 2020 ballot. If passed, taxes would rise almost immediately for every shopping mall, hotel, restaurant, office building, factory, warehouse, self-storage facility, car wash, parking structure, movie theater, sports stadium and supermarket. The taxes would only apply to commercial properties

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Have you ever wondered what the math is behind your Residential Income Property investment? Your ROI (return on investment) comes from two main places: 1. Regular income from rent or other income ie Laundry 2. Appreciation of the real estate over time. Now, this is somewhat simplistic but let’s say you buy a rental property for $1,000,000 in cash. Your annual net operating income (NOI) after expenses is $40,000. You hold the property for 10 years. For the sake of simplicity,