You might be wondering, "How can I increase the cash flow of a property?" or, "Why is increasing the cash flow of a property important?" Well, if you increase the cash flow of a property, you directly increase the value. By creating a better product, you will motivate tenants to want to rent the property and stay longer, saving you time and money. In the 18 years that I've invested in real estate and helped my clients buy and sell, I've developed 7 Pro Tips to increase the value of your investment property.
Are you someone who is asking "How can I buy my first investment property?" Do you want to learn about getting started in real estate investing to build passive income through multifamily real estate? During this podcast, we discuss and refute the three main objections to investing in the California real estate market and explain why none of them should deter an investor.
The top objections to California real estate that we counter are:
1. High barriers to entry
2. Low cap rates
3. Properties are too expensive
You might be wondering, "How rewarding is multifamily investing?" or "How do I start investing in the Multifamily market?" Investing in multifamily can be very rewarding if you devise the right plan to make the property work for you. To a seasoned investor such as myself, multifamily is to a large degree considered recession proof; simply put, people will always need a place to live. While businesses have options to close or relocate, and storefronts the option to start selling online, families don’t have that same luxury and will continue to need a place to stay, giving multifamily properties a distinct advantage over other investment categories. From someone who has invested in multifamily for many years now, here are a few tips new investors can follow to ensure success.
"We're the ones living here, why does cleanliness around the apartment matter to you as a landlord?" You may have heard something similar to this if you have ever had the tough conversation of asking a tenant to clean up their unit at your property. As a landlord, dealing with tenants at your apartment buildings is not always the easiest task. Cleaning up after your residents can be difficult, but with the right mindset and tactics, there are three steps that can help encourage residents to do their part and clean up.
Have you been keeping up with the changes to the California ADU law? Are you wondering how much you can increase the value of an apartment building by adding an ADU? This year, on January 1st, they passed Senate Bill 13 (SB-13), revising the ADU law which now provides property owners with options to legally add units to an apartment building.
How's the Long Beach multifamily market doing? You may be wondering: "How much is my property worth?" or "How long will it take for my property to sell?" This is your 2020 Quarter 3 Market Update on Long Beach fourplex sales. If you're a Long Beach apartment owner, you're probably thinking a few things. One, is it time to sell? Two, do I want to leave the state of California? Three, how much longer is this rent moratorium going to last? And four, interest rates are low, how long are they going to last? Today we're going to be looking at data specific to your Long Beach fourplex so that you can make the proper data-driven decisions on whether to buy, sell, or trade. At Sage Real Estate, we pride ourselves in being the only firm dedicated to following the trends of the fourplex market in the city of Long Beach.
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.