What does a property manager do, and why should you consider hiring one? Let’s face it: While managing a rental property can be an extremely lucrative endeavor, it will take up most of your time and energy. This can be extremely limiting, especially if you are planning to expand your income property or are currently…
Buying and Selling a House in 2018? Not so much. The numbers are in and it’s true. There were fewer homes sold in California in 2018 compared to previous years. This signifies the slowing down of the housing market. Some might even say that California is in a housing bubble which is about to burst.…
2018 is a Good Year for the Home Building Industry There is a housing shortage in San Diego and both politicians and San Diegans know this. Many people can’t find affordable housing in their target locations and some studies show that people are leaving California because of the housing crisis. With that in mind, it’s…
Why is Prop 10 Important? Only 4 more weeks left before election day, do you know what Proposition 10 (Prop 10) is? In simple terms, Prop 10 allows cities and counties to control how much a landlord can charge for rent. Some people like this proposition because it allows local governments (who understand local housing issues) to be in…
20 Years Later, Californians Reconsider Rent Control Laws Decades ago, due to the lack of affordable homes and high rents, the people of California voted to put into law the Costa-Hawkins Rental Housing Act. This law limited the ability of local governments (cities and counties) to make laws regarding how units are rented . In…
How much Does Property Management Cost in California? And what are you paying for? If you’re like most people, you’re probably vaguely aware that the cost varies by property type, region, company, and even services offered within companies, but let’s drill down into the pricing and services landscape to get a little more clarity. Unluckily,…
What Improvements Should I Make Before I Rent My Home? What Improvements Should I Make Before I Rent My Home? This is a very common question that prospective landlords ask as they first start the process of evaluating the readiness of their home to be rented. Here is the reader’s digest version: Generally speaking, “You…
How do Property Managers Handle Maintenance? This is an incredibly common question for property owners considering hiring a property manager, and it’s important to understand the various modes and factors at play. Almost all managers use one of these models: 1. The In-House Maintenance Team Model 2. The Maintenance Mark-Up Model 3. The 3rd Party…
How Long Does a Tenant Stay? (Or, more Importantly, what factors influence how long a tenant will stay in your property?) Well to start with, if you are wondering this, you are not alone. Really, this the core question at the heart of real estate investing, property management, ROI and more. If you can’t get…