As we kick off 2021 we're going to be highlighting the 12 most beautiful 4- Plexes in Long Beach. These apartments are currently not for sale, but we want to highlight Owners who are doing it right.
In the beautiful neighborhood of Bluff Heights, we find the Coronado apartments. Built in 1927, this charming Spanish Colonial Revival style 4-plex is composed of a highly desirable unit mix of four two bedroom, one bath units.
Laws pertaining to rental housing are established to protect both parties of the landlord-tenant relationship. Knowledge of and compliance with federal, state and local regulations is crucial for both landlords and tenants. Rental property owners want to run a profitable business and protect their investment. Tenants want to live peacefully in a rental home and protect their personal rights. Since the rental housing laws proposed in August, we've got plenty of updates. There are more answers to the industry’s most pressing questions surrounding the CDC’s eviction moratorium, and there are new state-specific changes regarding unlawful detainer forms, eviction appeals, and more.
There’s a lot of uncertainty right now when it comes to real estate investing and apartment owners trying to decide whether it's the right time to sell their multifamily properties. Luckily we have the answers for you. As your Long Beach fourplex market leader, we're going to keep you up to date on what is going on in the fourplex market.
It’s important to stay on top of emerging real estate trends, especially when owning rental properties that are subject to everchanging laws and restrictions. Today I will discuss the Pros and Cons of selling your multifamily property during this uncertain time and how to get the best return on your real estate investment.
When you look for a renter, you look extensively for the best fit resident; you do your due diligence and screen the applicants to find the best fit for your ideal tenant. Now, you want them to stick around, so does that mean you give them a yearly lease, or a month to month and hope they stay? We will give you the pros and cons of a month to month lease and explain why a month to month lease works best for you.
As an apartment owner, you may have thought, "How do I determine who will be the most reliable renters?" Or you might be wondering, "Why do I need to choose the best tenants?" Well, choosing the right tenants will give you peace of mind that they will pay on time, respect your time and property, and be honest with you about everything. We've created criteria to choose the perfect multifamily tenant by properly assessing an applicant.
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.