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What Will YOUR Apartments be Worth in 2021? – Episode 3

San Gabriel Valley, Inland Empire, 710 Corridor & 605 Corridor
Current Multi-Family Property Values & Rental Rates!

Today on The Apartment Dealer Show we conclude our Annual Multi-Family Market Forecast and review property values, rental rates, and market fundamentals in YOUR city!

Today we dive into:
• Overall Sales Volume in 2020 versus 2019 (Can we identify a trend moving forward?)
• What Are Multi-Family Properties Selling for in Each Corridor Based on Price Per Unit/CAP Rate?
• Tenants Are Vacating From 1-Bedroom Apartments and it is Taking a Toll on Rental Rates & Landlord Income
• Where Do You Put Your Money in 2021?

WATCH NOW because this market insight will allow you to position yourself ahead of the average investor in 2021, and beyond!

2021- Buy, Sell or Hold – Watch This First! with Costar – Episode 2

Today on The Apartment Dealer Show we move on to Part 2 of our 3-Part Series as we review 2020 multi-family sales, rental trends, and market analytics, and more importantly, take a look at our Multi-Family Market Forecast for 2021 and Beyond.

To help with our market forecast I interviewed Steve Basham, Managing Analyst with the CoStar Group. If you are not familiar with CoStar, they track over 5,100,000 data points and 6,000,000 properties on a daily basis making them the leading authority when it comes to multi-family analytics in the nation. What that means to you is reliable, concrete data, with no bias or emotion, to reflect on as you contemplate your investment strategy for the new year.

2021: Here is Your Multi-Family Market Forecast with Costar – Episode 1

If you had to guess, what direction is the Multi-Family market headed in 2021? Will Rental Payments Continue to Slow?.. Will Vacancies Continue to Increase?.. And What Will Your Properties Be Worth in The End?

Today on The Apartment Dealer Show we start our new 3-Part Series as we tackle these questions as well as take a look at our Annual Multi-Family Market Update & Forecast. To help with our market update I interviewed Steve Basham, Managing Analyst with the CoStar Group. If you are not familiar with CoStar, they track over 5,100,000 data points and 6,000,000 properties on a daily basis making them the leading authority when it comes to multi-family analytics in the nation. What that means to you is reliable, concrete data, with no bias or emotion, to reflect on as you contemplate your investment strategy for the new year.

WATCH NOW as Steve and I break down what has taken place over the last 12 months in Multi-Family, and what direction the market is headed in 2021.

Collecting Late Fees, Tenant COVID Declarations & Other Restrictions

Today we bring you the FINAL Episode of our video series with Mike Brennan, Eviction Attorney Extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. If you’ve missed any previous episodes of this series, CLICK HERE [https://bit.ly/novbrennaninterviewseries] to watch those episodes now.

On today’s episode we dive into:
• Late Fees – Can you (and should you) charge the tenant at this time?
• Do current moratoriums prevent you from charging the tenant; Pass Throughs, SCEP Fees, RSO Fees, etc.
• Your tenant did not return the Tenant Declaration within 15 Days, can you evict now?
• Is Statewide Rent Control likely to be rolled back in the future?

Tenant Did Not Pay Rent, Did Not Claim COVID…Now What?

Today we bring you Episode 5 of our new video series with Mike Brennan, Eviction Attorney Extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. If you’ve missed any previous episodes of this series, CLICK HERE [https://bit.ly/novbrennaninterviewseries] to watch those episodes now.

On today’s episode we dive into:
• What to do when a tenant does not pay rent, but does not claim COVID
• If you have a current eviction case what is the timeline and process to see the judge
• Your tenant did not pay the rent, should you pay the utilities?
• If you had an eviction case prior to moratoriums, how do you finally get your judgment?

WATCH NOW as Mr. Brennan and I discuss the most difficult issues facing landlords today, and discover the winning strategies you need to implement when it comes to the day-to-day management of your investment properties.

2021: More Eviction Moratoriums and Delayed Rental Payments?

Today we bring you Episode 4 of our new video series with Mike Brennan, Eviction Attorney Extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. If you’ve missed any previous episodes of this series, CLICK HERE [https://bit.ly/novbrennaninterviewseries] to watch those episodes now.

On today’s episode we dive into:
• Why You Should Not Sign a 1 Year Lease…Ever
• CA’s Conflicting Eviction Moratoriums, Rent Deferment Plans, and The Conflicting Timelines of Collecting Past Due Rent
• 2021 – What to Anticipate As a Landlord When it Comes to Processing Evictions and FINALLY Collecting Past Due Rent..or Maybe Not!

WATCH NOW as Mr. Brennan and I discuss the most difficult issues facing you as a landlord today and learn the winning strategies you need to deal with the day-to-day management of your investment properties.

How to Take Back Your Rental Unit… Now!

Today we bring you Episode 3 of our new video series with Mike Brennan, Eviction Attorney Extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. If you’ve missed any previous episodes of this series, CLICK HERE [https://bit.ly/novbrennaninterviewseries] to watch those episodes now.

On today’s episode we dive into:
• How to Raise Rents Beyond The Limits of Rent Control
• How to Have Your Tenant Vacate in 60 Days or Less After 1/31/2021
• Cash For Keys – Have Your Tenant Vacate in 30 Days!
• You Suspect a Tenant is Dealing Drugs on Your Property, Now What Do You Do

WATCH NOW as Mr. Brennan and I discuss real strategies to take back your rental units, leverage the law to raise rents now, and protect your investments from tenants who refuse to follow the rules!

How to Identify Problem Tenants Before You Rent to Them!

Today we bring you Episode 2 of our new video series with Mike Brennan, Eviction Attorney Extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. If you missed Episode 1, which was released last week, CLICK HERE [https://youtu.be/ZTSvHHrKK1s] to watch now.

On today’s episode we dive into:
• Discrimination Based on Income Source – You Can Be Sued
• Meet Your New Favorite Tenant – The Essential Worker
• How to Know if Your Tenant May be Laid Off In the Event of Another Lockdown
• Should You Rent to a Tenant That Gets Paid in Ca$h
• Properly Documenting Tenant’s Breach of Contract to Win in Eviction Court
• Retaliation – The Newest Trap Tenants Are Setting for Landlords

As I have said before, unfortunately, many tenant management problems are self-induced by the landlords themselves. Not being selective in picking the right tenants, not screening potential tenants properly, poorly written rental contracts, etc… WATCH NOW as Mr. Brennan and I lay out the best practices for dealing with potential tenants/current tenants and you will not only save yourself wasted time dealing with difficult tenants, but will also avoid unnecessary headaches along the way!

The NEW Rules of Screening Tenants & Filling Vacant Units

I could not think of a better way to say thank you to our clients and viewers than to begin a new video series with Mike Brennan, Eviction Attorney extraordinaire on the 15 Most Common Questions Landlords Are Asking Today. Over the coming weeks we will discuss:

• Best practices when screening tenants given recent eviction and rent collection regulations
• Can You evict a tenant due to substantial improvements right now
• What reasons can you use to evict your tenant… today
• The Federal Government, the State, and some Counties have their own eviction regulations, which ones do you follow

Today we dive into screening new tenants when filling a vacancy. As tenants vacate rental units running from obligations with a past landlord, you need to make sure you are not taking on someone else’s non-paying tenant! But how do you do that if the previous landlord is not helpful? How do you verify employment and consistency of work hours given COVID? Basically, how do you ensure your cash-flow does not miss a beat?

Building a Financial Legacy in Multi-Family Properties – Pillars Summary

Are Your Multi-Family Investments Ready for 2021 & Beyond? As we launch into 2021, and as you continue to build your Financial Legacy in real estate, I encourage you to outline a plan of action that is centered around growth and increased cash-flow. If you are unsure how to do this, or are reluctant given rent control and all the new regulations that have been put in place this past year, this is where information is key.
  
I personally have experienced the financial rewards of apartment ownership, and I believe it should not encompass the usual tenant headaches or strain on your personal time. Additionally, I have worked with some of Southern California’s largest apartment investors and have had the rare opportunity to gain insight as to how they approach real estate investing. Not to mention the hands-on experience I have had over the last 15 years helping numerous investors amass a fortune by advising them through the 1031-Exchange process and other investment strategies.

Building a Financial Legacy in Multi-Family Properties – Pillar 3

Today on The Apartment Dealer Show we discuss the final pillar of the 3 Pillars of building your multi-family financial legacy, Preparing for Tomorrow. We tackle one of the most frequently asked questions when it comes to real estate ownership, “How does an investor exit real estate with the least amount of tax exposure?” We also discuss an equally tough topic, which is, the important questions you need to discuss with your heirs in order to avoid a war among your children (heirs,) when it comes to the distribution of your properties, and the subsequent cash-flow.

Whether you are in your “golden years” of investing or currently hold the first, of what you plan to be many properties in the coming years, the old adage applies, Begin With The End in Mind! A time awaits when our heirs will inherit our properties, or, the day is approaching when we will “hang it up” and ride off into the sunset…and there are various avenues and strategies available to ensure we do so efficiently and remain financially sound.

Building a Financial Legacy in Multi-Family Properties – Pillar 2

Today on The Apartment Dealer Show we will discuss the 2nd of the 3 Pillars when it comes to building your financial legacy in multi-family investments…I am talking about Growth. Growing Your Portfolio Size, Growing Your True Net Income, and Growing Your Appreciation, all while not investing any more money, or any more time!

Let’s be honest for a moment, we all want more of the good stuff that comes from owning multi-family properties, like Cash-Flow, Tax Savings, etc! If not, then why would we risk our money, or invest our time? The question is, how do we get more of the good stuff without exposing ourselves to risk or loss?

If up to this point your “real estate plan” has simply been based on knowing more money is coming in, than is going out, or if you have held onto a particular property because you believe “no other property (or tenants) are like mine,” or if you catch yourself saying things like “you can not make money in this market,” or “1031-Exchanges are too risky,” or even worse, “even if my situation is not ideal I’d rather not hassle with change,” then today’s episode if for YOU!

Building a Financial Legacy in Multi-Family Properties – Pillar 1

Today on The Apartment Dealer Show we will discuss the 1st of the 3 Pillars when it comes to building your financial legacy in multi-family investments…I am talking about Maximization. Maximizing your Rental Rates, Maximizing the growth of Appreciation in your properties, and Maximizing your Tax Deductions.

In light of the current challenges of owning investment real estate, the majority of the questions I receive from investors like you go something like:
• With rent control now the law of the land, how do you increase your yearly net-income?
• How do landlords eliminate the complexity and risk of growing their real estate portfolio?
• Given an imminent shift in the real estate market, how do investors protect your current equity?
• Essentially…How do you ensure you are fully maximizing your potential as a real estate investor?

It all boils down to addressing what I call: 3 Pillars of a Financial Legacy

By the time you finish watching this video, you will better understand how to increase your monthly cash-flow, increase the value of your properties, and take advantage of more tax savings along the way!

California Multi-Family / Apartment Market 2020 Update

What direction is the multi-family market headed in California? With Rental Payments Slowing, Vacancies Rising, and New Legislation in Place Hindering Landlords from Collecting Back Due Rent, rough waters are ahead for investors.

To help give investors and landlords insight as to what is currently taking place in the California apartment market 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 commercial market analytics throughout the nation as they track 5,100,000 data points, and 6,000,000 commercial properties on a daily basis.

WATCH NOW as Steve and I discuss those items affecting CA Investment Real Estate values, and what you should be aware of as you contemplate your next real estate transaction.

AB 3088 Episode 4 Guidance & Tips for Landlords

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. (If you missed any of the first 3 segments Click Here to watch now.)

Today Mike and I discuss the remaining key points of the law that you need to be aware of:
• Unlawful Detainers – No Longer On Your Tenant’s Credit Report?
• Commercial Tenants – Do the Same Protections Apply?
• Proof of Income – Extremely Important to Win in Court!
• The Eviction Court Process As We Know May Never Be The Same

I hope all your tenants are behaving and paying, but with many predicting a downturn in the economy in the months ahead, tenants may find themselves in an economic hardship and we as landlords need to be prepared for worst case scenarios. Bottom line, owning and managing properties here in California has changed forever. Be proactive now and arm yourself with the information you need in the event you find yourself in eviction court. WATCH NOW!

AB 3088: Tenant Relief Act of 2020 – What You Need to Know Ep3

Today we continue our interview with Mike Brennan of the Brennan Law Firm and our discussion of AB 3088 otherwise known as the Tenant Relief Act of 2020. (If You Missed Segment 2 Click Here to watch now.) This is California’s newest attempt to but the financial burden of tenants on the backs of landlords.

Today we outline some of the most restrictive clauses of the new law such as:
• Tenants to delay ALL rental payments until 1/31/2021 (And then only pay you 25% of what is owed)
• How do you collect the remaining 75% of past due rent?
• On what grounds can you evict tenants TODAY?
• Landlords beware you can be found guilty for retaliation
• How to create a payment plan with your tenants on your terms

I hope your rent collections up to this point have been 100%, but new study finds that September was recorded nationally as having the lowest level of rent collection during the entire pandemic. Bottom line, tenant’s reserves and job prospects are fading. Be proactive now and arm yourself with the information you need in the event you find yourself in eviction court. WATCH NOW!

AB 3088: Tenant Relief Act of 2020 – What You Need to Know Ep2

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 Act of 2020. What’s in this new bill? A whole list of new provisions put in place to give tenants every opportunity to stay in your rental unit, in the event of non-payment of rent, up until February 1, 2021.

Watch Now As I Interview Eviction Specialist Mike Brennan. As if legislation in recent months has not been confusing enough, this new law only adds to that confusion.

How So?
• Tenant Declarations – New form required to be given to non-paying tenants that allows the tenant to serve as their own proof of economic hardship
• 15 Day Notices have now replaced 3 Day Notices and require completely new language to be used
• Non-paying tenants who make more than $100,000 still have an opportunity to not pay you your rent

Over the coming days Mike Brennan, eviction attorney extraordinaire, will continue to break down everything you need to know when it comes to dealing with tenants who have not paid rent, and will discuss how to increase your odds of a victory in eviction court.

Eviction Process Completely Changed By California Lawmakers

The long awaited Eviction Moratorium that was put in place in March of this year has expired, and with many other individual moratoriums expiring simultaneously, what do landlords do next? Unfortunately California lawmakers have passed a new law which makes it so that you may not see any back due rent until February 1, 2021…and your tenants may only pay 25% of the rent due from now until next year.

Watch Now As I Interview Eviction Specialist, Mike Brennan

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.

How So?

• The courts will now begin processing evictions for some tenants, but not others
• Landlords can now ask for proof of economic 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.

Today we begin our Video Series with Mike Brennan, of the Brennan Law Firm. Mike has been an eviction attorney for over a decade and brings his courtroom experience to the table as he and I unpack this new law. Over the coming days we will break down everything you need to know when it comes to dealing with tenants who have not paid rent, and how to increase your odds that you win in eviction court.

2021 – What Will Your Apartment Building Be Worth?

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.

Watch NOW and get the facts you need as you contemplate how to pivot your real estate portfolio in order to capitalize on the market cycle ahead.

We thank Steve and CoStar Group for being generous with their time, and for sharing their market insights typically reserved only for paid subscribers.

In the next 24 Months whether you plan to Buy, Sell, Exchange or Hold, my intent is that this information helps you to determine your next move based on facts, not emotion, or even worse, some broker’s sales pitch.

WATCH NOW as Steve and I discuss predictions for 2021 and what that means for the Multi-family Market.

Current Economy = HUGE Drop in Multi-Family Sales

CA Closes March 20th… Multi-Family Sales Volume Falls, Transactions Slow & Landlords Grow Tired

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 [http://bit.ly/2020costarinterviewseries] now to view.

CoStar is the leading authority when it comes to Multi-Family market analytics in the nation as they track 5,100,000 data points, and 6,000,000 properties on a daily basis. In other words, there is no better source of tracking the market if you own apartments!

Whether you plan to buy, sell, or hold, you need factual information, and not emotion, to determine your next move.

WATCH NOW as Steve 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.

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. WATCH NOW!

CoStar is the leading authority when it comes to Multi-Family market analytics in the nation as they track 5,100,000 data points, and 6,000,000 properties on a daily basis. In other words, there is no better source of tracking the market if you own apartments!

Whether you plan to buy, sell, or hold, you need factual information and not emotion to navigate this market.

WATCH NOW as Steve 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.

Let’s face it, in light of recent events life has changed as a Landlord.

Bottom Line – As Landlords, we need to know how to deal with the crisis at hand, design a game plan to mitigate our losses, and prepare for the opportunities that exist in the days ahead!

What Direction is Multi-Family Headed? No Vaccine In Sight, Rental Payments Slowing & Vacancies Rising?

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.

In order to get the facts straight, today on Episode 1 of our 4 Part Series we dive into what was the trajectory of the market prior to the Pandemic. This will help lay the ground work for the rest of our discussion as we tackle Rental Rates, Vacancy Rates, Tenant Concessions, and Property Values.

Whether you plan to buy, sell, or hold, recent events will impact landlords of all sizes.

WATCH NOW as Steve 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.

How Do Savvy Investors Calculate Their Rate of Return Based on Purchase & Exit Price?

Welcome back to 5 Minute Multi-Family. Today we will discuss what Internal Rate of Return (IRR) is and how to calculate it. Internal Rate of Return is a tool used to calculate your overall return from the day you purchase an investment property, to the day you plan to sell that investment. Aside from calculating your yearly cash flow (very important), IRR will inform you of your overall rate of return as it also includes your estimated sales price at the end of your planned holding period. This is an advanced tool used by savvy investors to understand the overall picture when purchasing a Multi-Family Investment. Download the IRR Calculator here: http://bit.ly/irrcalculator 5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here [https://bit.ly/5minutemultifamily] to watch those videos now.

Is Your Rate of Return = To Your $$, Time & Energy Invested? How To Calculate Your Cash on Cash Return?

Top of the morning to you and welcome back to 5 Minute Multi-Family. Today we discuss my favorite topic when it comes to my own investment properties, calculating your Cash on Cash Return. Think of it like this, you have put up your hard earned capital to purchase an investment property, you take on the risk that comes with being a multi-family landlord, you have your time and energy invested managing the asset, so, how much are you really making at the end of the day? Let’s do the math and see what our true rate of return is.

5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here to watch those videos now.

In the coming weeks, we will continue to discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

Rental Rates & Security Deposits, do the Seller & The Tenants Agree on the Facts?

Welcome back to 5 Minute Multi-Family. Today we follow up on last week’s video where I discussed how to audit the rents on a prospective purchase (CLICK HERE TO WATCH THAT EPISODE NOW). Today we take it a step further to discuss the documentation you need as a buyer to confirm the tenants and the seller of the building you are looking to purchase agree on the rental rates and the security deposits.

5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here to watch those videos now.

In the coming weeks, we will continue to discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

Agent’s Inflated Marketing Package Vs. Seller’s Actual Unit Mix & Rent Roll
Can You Find The Discrepancies?

Thus far on 5 Minute Multi-Family, we have covered Capitalization Rate (CAP Rate), Gross Rent Multiplier (GRM), and Price/Unit & Price/ Square Foot. This week we move on to examining Unit Mix & Rent Roll (the bedroom/bathroom composition of a property with the corresponding rental rates). We also dive into discussing how to examine a rent roll versus the actual rental leases to identify any discrepancies.

5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here to watch those videos now.

In the coming weeks, we will continue to discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

Multi-Family: Calculating Price Per Unit & Price Per Square Foot

Price Per Unit & Price Per SqFt – Let’s Discuss The 2 Remaining Major Markers of Determining Your Property’s Value.

I hope you had an opportunity to watch our earlier installments of 5 Minute Multi-Family where thus far we have covered Capitalization Rate (CAP Rate) and Gross Rent Multiplier (GRM). This week I explain the remaining 2 markers of determining the value of a multi-family investment, Price Per Unit & Price Per Square Foot.

5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. If you missed a prior installment click here to watch those videos now.

In the coming weeks, we will continue to discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

How Investors Calculate Gross Rent Multiplier (GRM)

This week on 5 Minute Multi-Family my partner, Deepen Shah will break down for us what GRM is, and why it is important when analyzing an investment property. WATCH NOW as we break down for you once and for all how to calculate GRM.

5 Minute Multi-Family is a weekly video series where my team and I help you, the investor, understand the major markers of evaluating a multi-family asset. Last week we discussed Capitalization Rate (CAP Rate).

In the coming weeks, we will also discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

How Do You Calculate Cap Rate?

The only question I get asked more than, “Hey Kris can you cut your commission?” 😂 is “What is a CAP Rate?” You would think only novice investors are puzzled in calculating a CAP Rate but oftentimes that question is coming from a seasoned investor who either has been too embarrassed to ask someone along the way, or never took the time to find out for themselves.

So I was inspired to create 5 Minute Multi-Family, a weekly video series where my team and I are going to break down the major markers an investor would use to evaluate a multi-family asset. In the coming weeks, we will also discuss the most common questions we get when it comes to the day to day management of multi-family properties…and tenants!

WATCH NOW as I break down for you once and for all how to calculate a CAP Rate.

I hope you find this video informative and helpful! Be sure to forward this video to anyone that might benefit from the information (like that one child who doesn’t take an interest in the family business, but yet it paid for their college).

In a rent-controlled world, how do you collect above-market rental rates when the government has determined how much your rental increase should be? The truth is, you can’t…unless you vacate a unit legally by completing “substantial improvements.”

How do you determine if a rental unit warrants substantial improvement? Through the process of my own personal rehab project, I will answer that very question, and have video cataloged the whole process for you.

In this Week’s Video, we review the progress of my most recent rehab project which is 2 weeks from completion. I walk you through the layout, finish materials, and discuss which options yield the highest rental payouts!

This is the second installment in a 4 part series as I attempt to assist those landlords 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.

Is the Sun Setting on CA Apartment Values?

Is it a Buyer’s or Seller’s Market? What Direction is the Real Estate Market Headed? Corona Virus Round 2, New Rent Control Law on November Ballot, & Unemployment Expires in July

Are you aware we have 3 major milestones ahead of us:
1. Federal Unemployment Benefits Expires July 31
2. New Statewide Rent Control Bill on November Ballot calls for stricter provisions than current law
3. Corona Virus round 2 in the Fall (or earlier given recent reports)

– Here is the million-dollar question – What will this all mean to Apartment Values?

Whether you plan to buy, sell, or hold real estate, the fact that is these current issues will impact landlords of all sizes.

In Today’s VIDEO, we have Bruce Norris, one of Southern California’s most notable real estate Market Forecasters and educators, to share his insights on:
• The current state of the California real estate market
• Why our state’s population is migrating elsewhere at a significant rate
• Why home values are suffering and what that means to apartment values
• And whether there are any signs of a positive market correction in the near future

Update: All Tenant Eviction & Rental Collection Rules

Market Update: Tenant Evictions, Rent Collection & Day to Day Tenant Interactions

Beginning in mid-March and up until this very day, our Governor, Mayors of various cities, individual City Municipalities, and not to mention, the Judicial Council, continue to change the rules on rent collection and tenant evictions. Currently, there is a NO EVICTION POLICY which prohibits tenant evictions for any reason starting 90 Days AFTER the Governor determines to end the current State of Emergency Order for the state. Trouble is, the order has no expiration date!

Additionally, there is currently proposed legislation that would give all tenants in California up to 15 months to pay back due rent, and other proposed legislation that would order commercial property owners to forgive early termination of leases. The madness just does not stop!

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.

Will This Remodel Yield Above Market Rents? The Real Life Pursuit of CASH-FLOW!

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 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.

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 And Much More…

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…

Achieve a 14+% Return in Multi-Family Investments…Learn How Today!

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.

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 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!!!

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 current health crisis, or the politicians who have issued a full assault against landlords. Either way, you still have to manage the day to day operations of being a landlord and this information will help you do just that!

In Today’s Show, both myself and Deepen Shah, Investment Associate here at The Apartment Dealer, continue answering your questions on all things multi-family. (If you missed Part 1 click here to watch now!)

In TODAY’S VIDEO we cover:
• Market Rent in a Post Pandemic Era?
• What Can You Do as an Investor That Your Future Self Will Thank You For 5, 10, and 15 Years From Now?
• How to Gain an Additional 60-120 Days in Addition to the Traditional 180 Days for Completing a 1031-Exchange
• Buy, Sell, Hold, Hide… What Are Multi-Family Investors Contemplating Right Now?
And Much More…

15 Multi-Family Insider Tips to Help Landlords Succeed Now! – Part 1

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 by the economic fallout of the current health crisis, or the politicians who have issued a full assault against landlords. Either way, you still have to manage the day to day operations of being a landlord and this information will help you do just that!

In Today’s Show, both myself and Deepen Shah, Investment Associate here at The Apartment Dealer, take your questions on all things multi-family. We have the same concerns every other landlord has, both for our clients, and for our personal investments. Being connected with some of the most successful investors in the multi-family business, coupled with the network of industry leading advisors whom we seek counsel from continuously, it’s with that insight that we address your questions today.

In TODAY’S VIDEO we cover:
• How Do You Manage Cash-Flow On Leveraged Properties During This Health Crisis?
• Creative Ways to Collect 100% of Your Rental Income
• Should You Fill Vacant Units or Wait for Executive Orders to be Lifted?
• Has the Market Been Impacted and Why?
And Much More…

Landlords Need Cash Reserves As Banks Tighten Lending
Cash is King & The Cure For Landlords Facing Issues From Corona Virus

Corona Virus Taking a Toll On Commercial Banks…and Indirectly Impacting Landlords of ALL sizes.

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 the fact the landscape for commercial loans has changed dramatically. Overnight many banks have increased their rates by 1%, cut loan amounts drastically, and changed the fundamentals of how much cash reserves they require a borrower to have in the bank.

How does that impact you if you are not in the market for a new loan?

It impacts the product you own and will force CAP Rates in an upward direction which means a hit to property values. Bottom line- whether you plan to buy, sell, or hold real estate, the commercial lending market impacts you as an owner of multi-family properties.

In today’s show, I interview Gil Figueroa, 30-year Commercial Broker Veteran, on all things multi-family. We cover everything from the new lending requirements, problems with forbearance agreements, to ensuring you maximize profits in these turbulent times. The next few minutes will empower you as a consumer, landlord, and investor.

In TODAY’S VIDEO we cover:
• Why have commercial banks increased their interest rates and what can that tell us about the economy
• How the new terms to qualify for a commercial loan will impact property values
• How much cash reserves you must have in the bank not only to qualify for a loan, but to ensure you can weather the storm ahead
• Why you should avoid forbearance agreements at all costs
And Much More…

Government Gives Away $3 Trillion Dollars – How Much of This $$$ Will Help You?

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 much, if any of this money will assist YOU?

In TODAY’S VIDEO, I interview Steve Hall who runs one of Southern California’s largest tax firms. Steve walks us through the possible loan scenarios you may qualify for included in the new Government Aid, and how to MAXIMIZE your tax savings in 2020.

We Discuss:
• CARES Act – Do Landlords Qualify for Government Loans & How Do You Apply?
• How to Utilize a Net Loss in 2020 to Get a TAX REFUND From Years 2015-2019!
• How to Restructure Your Stock Portfolio to pay 0% Gain When the Market Rebounds!
• Will Quantitative Easing Cause Hyperinflation for our Economy?
And Much More…

Let’s face it, in light of recent events life has changed as a Landlord. Tenants have suffered substantial job loss given the recent economic crisis, which in turn is causing a loss of rents for landlords. Not to mention all the various other items that will impact landlords such as no eviction policies, tumbling property values, and rising interest rates.

Bottom Line –  As Landlords, we need to know how to deal with the crisis at hand, design a game plan to mitigate our losses, and prepare for the opportunities that exist in the days ahead!

Courtrooms Say No Evictions Until September…Landlords Can You Wait 6-12 Months for Rent?

If you have not heard, the Judicial Council of CA has stated no Eviction Cases will proceed in the courts until 90 Days AFTER the Governor ends our quarantine. Dennis Block, Eviction of 40+ Years has recommendations on how to deal with the situation at hand (and it does not include laying down and being pushed around.) In TODAY’S VIDEO Dennis and I Discuss:
• Should a Landlord Start an Eviction Proceeding For Non-Payment of Rent?
• How Do Landlords Collect Past Due Rent if the Government Says NO Payments Are Due for 6-12 Months?
• Given the Backlog in the Courtrooms, Could Landlords Go Up to A Year With No Cash-Flow?
• Thousands of Eviction Cases Are on Hold – How Do You Get Your Case to the Front of the Line?
• And Much More…

As if these times were not hard enough, now that many tenants have lost their jobs, the government wants to put the financial burden on the backs of landlords. Where is the government aid for Landlords?

Bottom Line – No one is coming to save your apartments.

Landlords need to get educated on how to deal with the crisis at hand, have a team of professionals that can assist them, and a game plan to implement now.

Last week the Judicial Council of California enacted a NO EVICTION POLICY which prohibits tenant evictions for any reason starting from today, until 90 Days from AFTER the Governor determines to end the stay at home order that is currently in place. (read the full article here). Meaning, if our Governor lifts the stay at home order on May 1st, NO Evictions will be processed until September 1st!

If that was not bad enough there currently is a proposed assembly bill, AB 828 (read the full bill here) which would allow judges to demand you lower your rental rates by 25%.

In Today’s Video, I interview Steven Spierer, Real Estate Attorney of 40 years and investor of 2,000+ multi-family units, to help us make sense of the assault that is being brought forth by politicians against Landlords. Today we discuss:
• How Do Landlords Proceed With an Eviction in Light of the New Judicial Order?
• How Do You Deal Legally & Ethically With Tenants Who Try To Use The No Eviction System Against You the Landlord?
• How Do You Communicate With Tenants, Service Vendors, and Rent Vacant Units Legally While There is a Social Distancing Rule in Place?
• Can a Landlord Get Sued if a Tenant Claims They Contracted The Corona Virus From a Property Amenity Such as the Laundry Room?
• And Much More…

We are technically only on Day 22 of the statewide “Stay at Home Order” and Landlords are already feeling the effects. In Today’s VIDEO, I discuss the current condition of the Multi-Family Market and share with you some Landlord Resources. Visit this link to access the resources.

Given the current economic crisis, I understand the next 2-3 months (hopefully not longer) will be rough for landlords as they compete to collect rent while their tenants may be out of work. As a landlord myself I am going through the same struggle, and today I give you access to the information and resources that are being shared with me from the leading authorities in the marketplace. 

Now more than ever factual market data, combined with a personalized investment game-plan, is key for landlords. In today’s video, I cover:
• What do Apartment Sales from the last 3 weeks tell us about Market Direction?
• State Of California Bans ALL Evictions (For Any Reason)
• Landlord Resources & Strategies to Protect Our Investments
• Tenant Resources (The More $ They Have The More Likely Your Rent is Paid)
• And Much More…

If Your Tenants Are Out of Work Until June 1st How Do You Collect Rent?

With the current hysteria surrounding the Corona Virus, and as supermarket shelves still struggle to stock everyday supplies, both the State and the Nation have made moves to protect tenants from evictions. Most recently the Governor of California, Gavin Newsom announced a 90 Day Ban on Evictions in effect Until June 1st. Read the full article here.

So the question is, what do landlords do with tenants who seek protection under this Moratorium and fail to pay rent? Now, of course, there are legal ramifications for tenants and last week I sent you videos from two real estate attorneys on how to tackle the legal side of this issue.

In Today’s VIDEO, I want to share some practical advice to ensure you do not go the next 2 months with no cash-flow. I explain what I am doing with my personal rental properties to make sure I collect at least 80% of the rent or more, and it actually has tenants paying rent early for April! Click here to download the letter.

2020 Apartment Owners’ Educational Luncheon
As the Corona Virus Pandemic began to overtake the nation, and as the State of California announced a 90 Day Moratorium Against Tenant Evictions, I brought together some of the brightest minds in the real estate industry to conduct a Live Educational Webinar to address the current economic crisis and to discuss all things relating to Multi-Family Ownership.

Our Panel of Presenters:

• Kris German – Multi-Family/Apartments Specialist
• Dennis Block – Real Estate Eviction Attorney (200,000+ Evictions)
• Steven Hall – Real Estate Tax Consultant & Investor  
• Steven Spierer – Real Estate Attorney, Radio Show Host & Investor
• Gil Figueroa – Commercial Mortgage Lender & Investor
• Bruce Norris – Market Forecaster and Investor

In 2008 many people were wiped out financially. They lacked the right information and made all the wrong decisions. They had fallen victim to the emotion in the market and put reason aside. In this Video Series we discuss what is the reality in the marketplace, fact vs fiction, how do you prepare, and what opportunities lie ahead. Our panel of experts have several decades of experience, in various real estate cycles, and they share their knowledge and insights with you in this video series.

2020 Apartment Owners’ Educational Luncheon
Landlords this is your survival guide amidst the current economic issues we face. In this video Dennis Block, Real Estate Attorney & Eviction Specialist offers his advice on how to deal with the issues that will surely rise on April 1st as a landlord to collect rent. Let’s face it, in light of recent events, life is going to change as a Landlord. Tenants are going to lose jobs given the recent economic crisis, which in turn is going to cause a loss of rents for landlords. Not to mention all the various other items that were already making apartment ownership difficult.

With the current hysteria surrounding the Corona Virus, and as supermarket shelves grow empty of everyday supplies, both the State and the Nation have made moves to protect tenants from evictions. Most recently the Governor of California, Gavin Newsom announced a 90 Day Moratorium on Evictions. Read the full article here. 

2020 Apartment Owners’ Educational Luncheon
In this video Steven Spierer, Real Estate Attorney of 40 years and investor of 2,000+ multi-family units offers his advice on how to deal with the issues that will surely arise from the current economic situation such as:
• What if a Tenant sues you claiming the cleanliness of your property caused them to catch the Corona Virus?
• Can you use security deposits to cover lost rent during this timeframe?
• What if you started an eviction before the Eviction Moratorium, now what?
• And Much More…

2020 Apartment Owners’ Educational Luncheon
In today’s VIDEO, we have Bruce Norris, real estate market forecaster and investor of 4 decades, weigh in on the state of the market given the current pandemic.

In this video, Bruce offers insight regarding:
• Direction of the Market Given Capital Market Issues
• Will this be a minor setback in the economy or an economic Recession, or even worse, a Depression
• Interest Rates headed Up, Down, Sideways?
• And Much More…

2020 Apartment Owners’ Educational Luncheon
Last week the government injected a tremendous amount of cash into the economy, an effort not seen since 2008 when we experienced the Great Recession! So what is in the fine print for landlords?

In today’s VIDEO, we have Steve Hall, certified EA & CPA, who runs one of Southern California’s largest tax firms. Steve walks us through the implications for landlords of the government’s actions as well as:
• Extension of Tax Filing Deadlines
• How to Maximize Your Tax Savings From Losses in Your Stock Portfolio
• Will The Government Suspend Payroll Taxes
• Potential Carry Back of Net Losses
• And Everything Else You Need to Know about the “Trump” Tax Code Given today’s Economic Circumstances

2020 Apartment Owners’ Educational Luncheon
Whether you plan to buy, sell, or hold real estate, the fact that the government has stopped the entire economy for an extended period of time is going to impact landlords of all sizes. In today’s video, we have Gil Figueroa, commercial loan broker and capital market advisor of 3 decades, who weighs in on the state of the market given the current pandemic.

In this video Gil offers insight regarding:
• Direction of the Market Given Capital Market Issues
• Will this be a minor setback in the economy or an economic Recession, or even worse, a Depression
• Interest Rates headed Up, Down, Sideways?
• And Much More…

Park Remodel: Episode 3
In a rent-controlled world should you vacate tenants or be happy with the Rent Cap Increases? It depends on your target rental rate and your target tenant clientele. In this Week’s Video, I give you an update on the status of my most recent remodel project which consisted of vacating an entire apartment building! Sounds scary I know, and honestly a first for me as well, but the payout will be HUGE! This is the 3rd 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. 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 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!!!

Park Remodel: Episode 2
I Vacated ALL Units of a 5 Unit Multi-Family Complex Let Me Show You Why! In a rent-controlled world should you vacate tenants or be happy with the Rent Cap Increases? It depends on your target rental rate and your target tenant clientele. In this Week’s Video, I give you an update on the status of my most recent remodel project which consisted of vacating an entire apartment building! Sounds scary I know, and honestly a first for me as well, but the payout will be HUGE! This is the 2nd 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.

Park Remodel: Episode 1
New Rent Cap = 5% + CPI…Let Me Show You How to Beat That! I Refuse to Be a Victim of Rent Control…Will You Join Me? Landlords welcome to the world of limited rent increases. As of January 1, 2020, we now live in a rent-controlled state. Ridiculous I know, but rather than dwell on the negative, let’s beat the system! WATCH NOW as I walk you through one of my personal rehab projects of a multi-family property that I recently purchased. The tips I share not only allowed me to vacate ALL tenants legally (who were paying under market rent), but will also enable me to achieve as much rent as the market will bear…and then some!

Steven Spierer Esq. Weighs in on Landlord Challenges With New Rent Control Law & Much More.

This week I sit down with Steven Spierer, one of Southern California’s most renowned real estate attorneys to discuss:
• Best Practices to Not Become Victim to a Tenant Lawsuit
• #1 Rule to Follow if You Are Looking to Lose in the Courtroom
• It is Not a Matter if Rent Control Will Get Stricter, the Question is When and How to Prepare
• How to Successfully Grow Your Portfolio But Not Your Legal Troubles

WATCH NOW as Steve and I discuss those items currently affecting landlords, and what you should be aware of as you navigate the hostel environment of multi-family management.

Today I Interview Eviction Attorney Dennis Block With Respect to the Eviction Process Under the New Rent Control Law. Imagine this scenario…4 years from now you are subpoenaed and brought to court in a civil lawsuit because 2,3, or even 4 years prior you miscalculated a rental increase under the new Rent Control bill. What if you were only off by 1/2%? What if you calculated based on the wrong CPI index, or failed to roll back rents because you, or even your legal advisor misinterpreted the law?

One thing is for sure, this new rent control bill is ambiguous and unclear. So today I sit down and interview Dennis Block, Eviction Attorney extraordinaire. Dennis has been involved in more than 200,000 eviction cases and looks to shed light on:
• How to Follow the new Rent Control bill to the letter of the law
• The Eviction Process in light of Rent Control
• Common Mistakes Landlords Make & Why They Lose Evictions
• Penalties for Landlords Under the New Rent Control Law
• Late Fee Guidelines (Chances Are Your Rental Agreement is Illegal)

Straight Answers On the Current State of the Real Estate Market. If you had to guess which state is most friendly to business, has the greatest percentage of migration of the country’s population, and has the greatest influx of wealth per household? Here is a hint…NOT CALIFORNIA!

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. Bruce Norris, one of Southern California’s most notable real estate Market Forecasters shares his insights on:
• The current state of the California real estate market
• Why our state’s population is migrating elsewhere at a significant rate
• Why Home Values Are Suffering
• And whether there are any signs of a market correction in the near future

New Bank Requirements I Interest Rates Change Direction I Do You Get Approved? Whether you buy, sell, or hold, the commercial lending market impacts you as an owner of multi-family properties. In today’s show I interview Gil Figueroa, a 25-year Commercial Broker Veteran, on all things multi-family. We cover everything from new bank requirements, to ensuring you maximize profits as an investor. The next few minutes will empower you as a consumer, landlord, and investor.

In Today’s Video, We Cover Everything You Need to Know About the 1031-Exchange Process. WATCH NOW as I interview Greg Burns of IPX 1031 Exchange Services. Greg has two decades of experience working with investors like you when in the exchange process. WATCH NOW as we discuss the common mistakes and misconceptions when it comes to the 1031-Exchange Process, how to properly plan a 1031-Exchange, and most importantly, how to grow your real estate portfolio and increase your income. Whether you have ever completed an exchange or not, I encourage you to tune in as we discuss:
• Common Mistakes Investors Make When in the Exchange Process
• How to Differentiate one Accommodator From Another To Protect Your $$$
• How to Plan the Exchange Process Properly
• Can You Extend the 45 Day Identification Period?
• The 3 Rules of Properly Identifying Your Next Investment
• How to Purchase Property For Your Children While in an Exchange
• Purchasing a Vacation Home As Your Exchange Property…and much more!

Maywood Remodel: Episode 3
I Increased my rental rate from $900 to $1,400 Per Month! How??? In this Week’s Video, I walk you through all the expenses associated with the remodel project I have been walking you through over the last couple of weeks. This is the final installment of our 3 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. 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 overly consuming of your personal 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 justify above-market pricing!!!

Maywood Remodel: Episode 2
I Increased my rental rate from $900 to $1,400 Per Month! How??? In this Week’s Video, I reveal the final product of the remodel project I have been walking you through over the last couple of weeks. This is the 2nd installment in a 3 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. 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 overly consuming of your personal 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 justify above-market pricing!!!

Maywood Remodel: Episode 1
I took My Rental Rate from $900 to $1,400, Here’s How… If you have attended one of my recent educational events you are familiar with the fact that I have discussed what improvements increase your rental rates by the greatest amount when completing a remodel. I have covered at length what tenant demographic pays the highest rent, and what amenities your unit should offer in order to attract these “customers.” Realizing many landlords are hesitant to spend what they perceive as an elaborate amount of money on a remodel, I have decided to walk you through the process on video as we initially estimate one of my own projects. Over the next couple weeks, we will go through the construction phase, and then I will give a final round-up of what the financials tell us about the final payout.

All Cities in CA Now Have Rent Control. Get Informed to Ensure You Are In Compliance! The state of California has implemented Rent Control in ALL cities. Under this new law (AB 1482) ALL Multi-Family (Apartment) properties are subject to Rent Control if built prior to 2004. As the current bill is drafted now, the items of most concern are:
• Rent Cap of 5% Annually + Cost of Living Index
• If you have raised your rents after March 15th, 2019 and the amount of that increase exceeded the proposed rent cap percentage, you must revert the tenants rent back to the rental rate that was in place on March 15th of this year, plus the proposed rent cap increase
• All evictions must fall under “Just Cause” which limits an owner’s ability to deal with troublesome tenants and is at a Judge’s discretion

If you have not heard by now AB 1482 (California’s statewide RENT CONTROL initiative) is moving along the political channels and is on its way to the Governor’s desk for approval…with no vote needed from you! This week I sit down with Steven Spierer, one of Southern California’s most renowned real estate attorneys to discuss:
• The Reality of Rent Control in California
• Rent Caps, Just Cause Evictions, What You Need to Know 
• Tenant Estoppels vs. Rental Contracts
• Problem Tenants, Tenant Damage, etc.

Which state is most business-friendly, has the greatest percentage of migration of the country’s population, has the greatest influx of wealth per household…NOT CALIFORNIA! Bruce Norris, one of Southern California’s most notable real estate Market Forecasters shares his insights on:
• The current state of the California real estate market
• Why our state’s population is migrating elsewhere at a significant rate
• What a recession could mean to real estate investors
• And whether there are any signs of a market correction in the near future

Whether you buy, sell, or hold, interest rates impact you as an owner of multi-family properties. In today’s short video I interview Gil Figueroa, 25-year Commercial Broker Veteran, on all things multi-family. These 10 minutes will empower you as a consumer, landlord, and investor.

Investor Sells For Nearly 3X’s Original Purchase Price in Just 3 Years of Owning! Here is how:
• $192,000 Per Unit!
• Comprised of (2) 2 Bed/1 Bath SFR & (3) 2 Bed/1 Bath Units
• Desirable Single-Story Construction Situated on a 36,000 SqFt Lot
• Seller Provided Private Financing
• Current Cash on Cash Return: 1.52%; Current GRM: 16.16 • Proforma Cash on Cash Return: 8.49%; Proforma GRM: 11.87
• Kris and Deepen Represented Both Buyer and Seller
• A true “win-win” scenario in which the seller was able to secure an aggressive price, all while maintaining a monthly income similar to his current income, plus relieving himself of all management headaches.

How to Sell Your Property For FULL PRICE! Let’s face it, seller’s still want top dollar regardless of market conditions. In the middle of a real estate market that is in transition, how do you sell for FULL PRICE? WATCH NOW as I interview a local apartment investor, who, after holding his multi-family property for two generations just sold for FULL PRICE. He and I discuss the “how to” on selling for top dollar, and controlling the sales price and terms of any deal.

Your Investment Results Are In! Your 2019 1st Quarter Market Update The First Quarter Results are in for the cities in which you own Multi-Family Investments and we are ready to share the results.