9 am to 6 pm
Monday to Friday
1221 S Hacienda Blvd
Hacienda Heights, CA 91745
1 626 427 0786
kris@theapartmentdealer.com
WATCH NOW as Bruce and I discuss those items affecting CA Real Estate values, and what you should be aware of as you contemplate your next real estate transaction.
In Today’s Video, I interview Mike Brennan, Real Estate Attorney & Eviction Specialist, to help us make sense of all the various changes that have taken place in the last 3 months, and to give landlords insight how to navigate these uncharted waters.
In a rent-controlled world, how do you collect above-market rental rates when there is a Rent Cap in place? The truth is, you can’t…unless you vacate a unit legally by completing “substantial improvements.” How do you determine if a unit warrants substantial improvement? We will discuss that very question over the course of these videos.
In this Week’s Video, I walk you through the beginning stages of my most recent remodel project. This project started just prior to the Pandemic, and that made the process that much more interesting.
This is the first installment in a 4 part series (WATCH NOW) as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how,” fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.
What is my goal? Bottom Line – I want to help landlords obtain maximum cash-flow (especially in a rent-controlled market). In my opinion, owning multi-family investments should be extremely financially rewarding, while at the same time not be overly consuming of your time. Second, by completing these types of improvements, when it is time to sell, a buyer will happily over-pay for your property because your rental rates & the condition of the property justifies above-market pricing!!!
Pray As if Everything Depended on God, and Work as Though Everything Depended on Man – St Augustine
In 2007 I went from being a pizza delivery boy to a multi-family real estate agent, and by 2009 became a multi-family investor. As a father of 7 children with 1 on the way (yes I know what causes it) I, like many of you have had to grind and sacrifice my time and my money to be able to provide the lifestyle of my choice for my family. Not to mention being able to serve hundreds of multi-family landlords as personal clients in that same amount of time. Today I share that story.
Two weeks ago I was interviewed on the Wild West Real Estate Podcast and shared more of my personal journey than I ever have in the past.
You can WATCH NOW as we Discuss:
• The Real Estate Market Past & Present
• My Investment Philosophy That Has Led to a 10+% Return on Investment for My Personal Properties
• Wisdom I Have Received From Some of Southern California’s Largest Multi-Family Owners
• Why Cash-Flow is King and Can Be Achieved Regardless of the Economic Cycle
In the middle of a health pandemic, a shifting real estate market, and with tightening lender requirements, can you not only complete a 1031-Exchange, but will you end up in a better financial position?
WATCH NOW as I interview a local apartment investor who just completed his 1031-Exchange 2 weeks ago, and from start to finish it took less than 2 months to complete. More impressive is the fact he found his new property (what we call the up-leg property) in the EXACT neighborhood he wanted (location), for under market value (right price) and increased his total number of units owned (exponential growth). That is how you create a Financial Legacy!
He and I discuss:
1. The exact step-by-step process to his success
2. How to structure a deal in light of the current health pandemic
3. How to be a proactive buyer that sellers want to work with
4. How to pick your team of advisors for the journey
And Much More…
In a rent-controlled world should you go through the energy and the expense of vacating tenants, or should you be happy with the regulated Rent Cap Increases? It depends on your target rental rate and your target tenant clientele.
In this Week’s Video, I give you the financial breakdown of my most recent remodel project which consisted of vacating an entire apartment building! Sounds scary I know, but the payout is HUGE!
This is the final installment in a 4 part series as I attempt to assist those owners who avoid extreme renovations because they assume the process is too much hassle, they do not have the “know-how”, fear that the process is too costly, or incorrectly assume the final payout does not justify the capital investment.
15 Multi-Family Insider Tips for the Changing Market – Part 2 https://www.youtube.com/watch?v=qdznxTFlDxo Today we wrap up answering YOUR Top 15 Questions given the current crisis of trying to manage rental properties amidst the pandemic. For nearly 2 months the way landlords manage their rental properties has been affected, either by the economic fallout of the […]
15 Multi-Family Insider Tips for the Changing Market – Part 1 https://www.youtube.com/watch?v=pS0bICpXuJg Today in Part 1 of our 2 Part Series, we address YOUR Top 15 Questions given the current crisis of trying to manage rental properties amidst the pandemic. For nearly 2 months the way landlords manage their rental properties has been affected, either […]
Corona Virus Taking a Toll On Commercial Banks…and Indirectly Impacting Landlords of ALL sizes. https://www.youtube.com/watch?v=Hq6-BbHEvgE With the slow down of the economy over the last 30 days landlords are being impacted in a number of ways from delayed rent payments to issues processing evictions. One issue also impacting landlords, but maybe not so obvious, is […]
Government Gives Away $3 Trillion DollarsHow Much of This $$$ Will Help You? https://www.youtube.com/watch?v=RdlmIsXqFKs Over the last month, the government has injected a tremendous amount of cash into the economy, an effort not seen since 2008 when we experienced the Great Recession. As multi-family investors struggle with non-payment of rents over the coming months, how […]