If you're an apartment owner, I know you have a lot of questions right now. Last year, they passed statewide rent control. This year due to COVID-19, they passed eviction moratoriums. The CPI just came out so the way that you could raise your rent has been changed as well. And so I know there's a lot of uncertainty. Can you raise your rent? Can you serve a three-day notice? Can you get your property back? And also, there's questions about ADUs and how that impacts whether you're exempt from rent control or not. So to help clarify this, we're going to sit down with Bruce Menke, one of the best well-known attorneys in Long Beach, and he's going to help bring some clarity to the questions that we all have.
The first half of the year has been none like ever before. We've had the COVID-19 pandemic, we've had high unemployment, business closures, no school, quarantine, masks, even more quarantine possibly coming. What does this all mean to your apartment building, your investment in the city of Long Beach? Today I'm going to give you a midyear review, explain what the numbers from Quarter 2 of 2020 are telling us, and how it's going to impact the value of your fourplex in Long Beach.
As your Long Beach fourplex market leader. We're going to give you an update on what is going on in the fourplex market. In this 2020 Quarter 2 Market Update, we will discuss:
• Number of Sales
• Days on Market
Are you an apartment owner that has been thinking about selling and you're considering a 1031-exchange? In exploring other options for a 1031-exchange, we had the pleasure of sitting down with Rich Gibson of PKS Investments to discuss Delaware Statutory Trusts (DTSs).
Many apartment owners have owned their units for over 30 years, they've been self-managing, they depend on the income, they want to sell because they're tired of the repairs and upkeep and all the laws that keep changing. Here we discuss an option for owners who want to sell a property without paying taxes.
As an apartment owner, you have worked hard to build wealth through real estate ownership. Many owners have spent countless hours to care for and maintain the properties that they own and are proud of. It is vital that you have a current estate plan in place, to ensure that your assets and wealth are protected to the fullest extent. In this episode, we had the pleasure to sit down with Attorney Christine Brown of South Bay Elder Law and Estate Planning to discuss the basics of estate planning, as well as specific actions and items that you need to consider as an apartment owner.
Are you a real estate investor, or just getting started in real estate investing, and want to know whether you are getting a good deal or overpaying for a property? Knowing how to analyze an investment property is the first step to making sound real estate investment decisions. We have put together an educational video so that you can learn how to analyze an apartment building.
At Sage Real Estate, your market leader in Long Beach fourplexes, we are dedicated to helping our clients buy and sell apartment buildings. We will be explaining how to analyze an investment property using our custom 5-2-1 formula.
As your market leader in Long Beach fourplexes, we are tracking statistics, trends, and important information affecting Long Beach 4-plexes. In this 2020 Quarter 1 Market Update, we will discuss:
- COVID-19 Rent Collection
- Increased Long Beach 4-plex Inventory
- Market Response to COVID-19
- Rent Repayment Forms for Owners
With California in the midst of a housing crisis, the State has taken several steps to encourage the creation of housing through the passage of several bills such as California Senate Bill 1069 and Assembly Bill 2299. More specifically, these bills allow property owners to build Accessory Dwelling Units, also known as ADUs. Here is everything you need to know about ADUs.
The city of Long Beach is booming, making it a great opportunity for those looking to invest in real estate. In this video, we had the pleasure of interviewing Sergio Ramirez, the Deputy Director of Economic and Property Development for the City of Long Beach. Sergio’s department is responsible for bringing employment, new jobs, and housing to the City of Long Beach.
If you are an apartment owner in Long Beach, an active apartment buyer, or someone thinking of investing in multifamily units, it is essential to have the necessary information to make the best investment decisions. More specifically, the market intelligence and statistics that we have compiled for you are vital in determining whether you should buy, sell, hold, or refinance. This information is not available anywhere else, and we are the ONLY firm that has these metrics, as our team of in-house analysts have generated these statistics from the ground up.
Statewide rent control is here. Many owners are unaware of the new rent control law, what it entails, and how it affects their property values and management methods. For buyers, this new law will change the way that they forecast future rents and initial investment. This information and these resources are extremely important for all owners and investors to understand.