Thanksgiving Day Roundup: Headlines for Landlords
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
Prop 13 Overhaul: Signatures gathered to raise property tax on the top 8%
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
Landlords: Three Tips to Work Smarter, Not Harder
Market Update - Courtesy of Our Friends At Mortgage Capital Partners Whether a single home or multiple residential buildings, property management doesn’t have to be hard. In fact, I believe real estate investment is the key to financial freedom. This means learning to work smarter, not harder and making even more money! Practice Good Marketing: Make sure you’re working to fill your vacancies starting 90 days ahead of time. Click here to read our 90 day plan. Get Better Tenant
What's the Return on Investment for Your Property?
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,
