A Seller’s Journey Through COVID

Today we interview the Handsel Family who recently sold their multi-family investment property in the city of Whittier. If you have ever had misunderstandings with your partners or siblings (or even your spouse) on what direction to go with your investment properties, you will relate.

In this short video we discuss the challenges they faced by both the inner workings of their family circle, as well as market induced problems such as COVID and Rent Control. We also discuss the creative tactics we took to secure a buyer and how we got all family members, who were previously at war with each other, on the same page and to the closing table.

AB 3088 – The Tenant Relief Act of 2020 – What You Need to Know – Episode 4

Today we share with you our final segment of our interview series with Mike Brennan of the Brennan Law Firm and our discussion of AB 3088 otherwise known as the Tenant Relief Act of 2020.

AB 3088 – The Tenant Relief Act of 2020 – What You Need to Know – Episode 3

Today in our second installment of my interview with Mike Brennan of the Brennan Law Firm we continue our discussion on the new AB 3088 otherwise known as the Tenant Relief Bill of 2020. What’s in this new bill? A whole list of new provisions such as: 3 Day Notices no longer are valid, tenants can pay as little as 25% of the rent between now and January 31, 2021, and non-paying tenants are broken into two classes depending on when your tenant initially failed to pay rent.

AB 3088 – The Tenant Relief Act of 2020 – What You Need to Know – Episode 2

Today in our second installment of my interview with Mike Brennan of the Brennan Law Firm we continue our discussion on the new AB 3088 otherwise known as the Tenant Relief Bill of 2020. What’s in this new bill? A whole list of new provisions such as: 3 Day Notices no longer are valid, tenants can pay as little as 25% of the rent between now and January 31, 2021, and non-paying tenants are broken into two classes depending on when your tenant initially failed to pay rent.

Eviction Process Completely Changed By California Lawmakers

The state of California has just passed AB 3088 also known as The Tenant Relief Act of 2020. As if legislation in recent months has not been confusing enough, this new law only adds to that confusion. You now can evict some tenants, but not others. You can ask for proof of hardship from tenants, but that comes with a pre-qualifier that they be deemed a “high income tenant,” and the real kicker…tenants can pay as little as 25% of their rent due for the coming months.

2021 – Why Apartment Values will Fall 10-15%

In our 4th and final segment of our interview with CoStar Group we discuss, what does the year 2021 (and beyond) mean for multi-family investors, multi-family values, and multi-family rental rates? While there are some turbulent times ahead, it is not what you might think.

Current Economy = HUGE Drop in Multi-Family Sales

In our 3rd segment of our interview with CoStar Group we get right to current sales volume and discuss sales transactions in your neighborhood over the last 3 months. If you missed the first 2 installments of this interview click here now to view.

UPDATE: Rental Rates Drop 11% in Parts of LA County!

In our 2nd segment of our interview with CoStar Group we discuss the sudden fall in asking rental rates, why landlords are starting to offer concessions (i.e. free rent) for the first time since 2010, and where tenants are migrating since the pandemic. Should one of your units become vacant in the coming days, strategy is key to obtaining the most aggressive rent possible, while at the same time being cautious not to give the unit away as you will have to tackle rent control restrictions going forward.

What Direction is Multi-Family Headed?

If you had to guess, what direction is our Multi-Family market headed? Are you Optimistic or Pessimistic about what the future holds for Landlords in CA? Today we answer the question of, what is exactly happening right now in the Multi-Family market, with real life facts and stats. No opinions! No emotions! With us today on The Apartment Dealer Show we have Steve Basham, Managing Analyst with the CoStar Group. CoStar is the leading authority when it comes to market analytics in the nation as they track 5,100,000 data points, and 6,000,000 properties on a daily basis. 

Pizza Delivery Boy Earns Big Return On Los Angeles Mutli-Family Investments

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