By George Pino
All too often I receive inquiries from a potential seller that wants to “get the highest price” for their property, but does not want to list it, or market the property. This seems counter intuitive, especially to the basic law of economics, supply and demand.
Read MoreThere are many reasons why someone would buy an investment property. Some of these reasons are for long-term capital growth, positive cash flow, or adding value. In this article, we will briefly discuss all three, and how to quickly analyze a property with potential to see if it is worth spending more time and energy on.
Read MoreA few weeks ago I wrote about the prospect of the repeal of Costa-Hawkins act in California. This measure is being pushed by tenant rights groups claiming it will help with affordable housing. Although I do believe there is an affordable housing crisis, I do believe that the repeal of Costa-Hawkins would only be a short term relief and significantly hurt affordable housing in the long term. So what can cities do to address the affordable housing crisis?
Read MoreThere has been much talk in the news of the tenant advocate groups receiving enough signatures to add a measure in this November’s ballot to repeal Costa-Hawkins. The Costa-Hawkins Rental Housing Act is a California state law enacted in 1995 that placed limits on local rent control ordinances. Costa-Hawkins did not outlaw rent control, but instead placed two main limits to municipalities that had/have rent control: 1) It exempted certain types of buildings from rent control (Single Family Residences, Condominiums and new construction), and 2) it instituted vacancy decontrol (whereby the rents of a unit subject to rent control could be brought up to market rate upon a resident moving out.
Read MoreAnother side of being a broker is when a client contacts you and asks how they can end a lease early. Typically speaking a company is bound to a commercial lease, and many times there might also be a personal guarantee from one of the owners of the company. The responsibility to make payments on the lease go hand in hand with the entire lease term, in some cases for many years. So what happens when a tenant can’t make their lease payments due to changing economic times?
Read MoreI often get asked how I first started investing in commercial real estate (“CRE”), and of course the next follow up question: “How do I start investing?” I think the most important facet to begin investing in CRE is to identify what your goals are. How much do you want to invest and why do you want to invest, is it to build equity; for cash flow purpose; or are you looking for larger future appreciation? CRE can provide an avenue of long-lasting income; it can help diversify your portfolio, it can offer tax benefits, and by using properly selected real estate strategies, it can produce the potential for appreciation, in addition to cash flow.
Read More
