2021

Long Beach Water and Sewer Rate Increase – July 14, 2021

Good Afternoon, The Long Beach Water Department is proposing to increase water and sewer rates effective October 21st. You can protest if you are the owner of the account, which I assume many of you are. I think it is very bad timing to increase water and sewer rates when many of you haven't been able to collect your deferred rent owed due to your tenants having to high of income when applying to the...

Sage Real Estate Ranks Among the Top 1.5% Professionals in the Nation

Sage Real Estate Group Earns a spot in the esteemed RealTrends + Tom Ferry 2021 America’s Best Rankings. This award places them among the top 1.5% of all 1.4 million real estate professionals in the United States. Juan Huizar and his team of elite agents were presented with the prestigious America’s Best award on June 11th, 2021 for their successful closings, professionalism, knowledge, and...

2021 Mid-Year Update: Long Beach Multifamily Real Estate Market

https://youtu.be/XWdGb3WoYoo In this 2021 Mid-year Market Update, we will cover: How's the multifamily real estate market in Long Beach, California?Fourplex Market StatisticsNumber of SalesAverage Sales PriceAverage Days on MarketAverage Active InventoryAre mortgage interest rates going to remain low in 2021?When will the Eviction Moratorium end?Are we in a real estate bubble like 2007?Advice for...

Substantial Remodel Update – July 6, 2021

Good Afternoon and I hope everyone had a fun July 4th. As many of you are aware there is a city council meeting tomorrow night. Agenda item 35 is the substantial remodel moratorium. The item will likely be heard late into the evening as the council has a busy agenda. My opinion is that the moratorium will pass with five votes, but that doesn't mean the city council doesn't need to hear from us on the...

Investing in Multifamily Properties Using VA Loans – Everything You Need to Know

Have you been wondering, “Do I qualify for a VA loan?” or “What are the steps I need to take to obtain a VA loan? Today, we're going to talk about everything you need to know about VA loans. https://www.youtube.com/watch?v=_nExUSwRT1s Juan: If you're thinking about buying your first investment property, the very first step is actually not speaking with a real estate broker, but rather...

Substantial Remodel Update – June 28, 2021

Good Evening, I have attached Councilwoman Cindy Allen's agenda item for July 6th. Councilmembers Mary Zendejas, Suely Saro and Vice-Mayor Rex Richardson also signed on. This is a very damaging item to rental property owners that want to rehab their buildings. In addition, are the key words, "renovation administration program" which essentially means the formation of a new bureau or department and...

California Eviction Moratorium Update – June 26, 2021

Good Morning All, Recap from this past week: LA County Board of Supervisors passed the extension of the eviction moratorium 5-0 to September 30th. Confirmed that a substantial remodel moratorium agenda item coming July 6th. On the surface the agenda item is to fix a "loophole" in LB's Just Cause Ordinance under the substantial remodel language. However, there will be a request to city staff to come...

June 2021 Fourplex of the Month

In the neighborhood of Belmont Heights you will find the beautiful, fully restored, Euclid Apartments. Built in 1930, this Spanish Colonial Revival fourplex is a unique property that is one of a handful Spanish properties in Belmont Heights. With tile roofing, half round arches, doors, and windows, this property boasts the traditional architectural features with a new, renovated appeal. The Euclid...

California Eviction Moratorium Update – June 16, 2021

Good Afternoon, Two issues: Eviction Moratorium likely to be on the County Board of Supervisors agenda tomorrow and the discussion will be about extending the eviction moratorium 3 months. Again, if extended this moratorium will trump any language that LB has on the books including the provision in the LB just cause ordinance about substantial remodels and 60 day notices.Attached is the latest on...

How to Analyze the Accurate Price Value of a Rental Property: A Walk-through of Our Proven Process!

If you are an apartment owner curious about the value of your building or a real estate investor looking for a property to invest in, it is important that you know how to determine the value of an investment property. There are many factors that go into determining how much an investment property is worth and these include location, size and state of repair. In this blog post we will discuss all the...

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