California homeowners, perhaps you have heard of The Justice For Renters Act. It is an initiative appearing on the November ballot this year to pave the way for state-wide rent control ordinances.
On this episode, I am joined the Apartment Owners Association President Jeff Faller. We discuss The Justice For Renters Act, aka Proposition 33, and how Associations like his provide vital resources for landlords.
Important Update on Substantial Improvement Rules #realestate #propertyinvestment #renovation 🏢 Attention Southern California Multifamily Investors! 🏢
🚨 Important Update on Substantial Improvement Rules 🚨
Starting April 1, 2024, California has new regulations for multifamily property improvements. 🛠️ Here’s what you need to know:
🔸 Old Rules: 60-day notice + return last month’s rent + security deposit. 🔸 New Rules: 60-day notice + pulled permits for work + detailed scope of work explaining why it takes over 30 days.
⚠️ Why It Matters: These changes make the process more complex, so stay informed to maximize your property value and rental income.
👉 Example: We’re currently working on a project that started before the new rules, so we’re sharing our experience and tips to help you navigate these changes smoothly.
🎥 Watch the full video on our YouTube channel for an in-depth guide and more valuable insights!
Contact: Kris German The Apartment Dealer (626) 427-0786
#MultifamilyInvesting #SouthernCaliforniaRealEstate #PropertyImprovement #LandlordTips #ApartmentRehab #RealEstateInvesting #InvestSmart #PropertyManagement via YouTubeÂ
Zoom Landlord Tenant Talk Radio 7-6-2024 Topics Discussed: 1. Strategies for raising rents 2. Serving a change of ownership 3. Exemptions from Statewide Rent Control 4. Unpermitted living space 5. Unauthorized pets and alterations 6. Tenant in dispute with adjoining property owner 7. Disabled tenant want to switch units 8. Ramifications to accepting an illegal rent 9. Unpermitted dog 10. Voluntary vacate agreement 11. Sheriff taking an inordinate amount of time to perform a lockout. 12. Permanent removal of a single-family residence 13. Notice requirements to terminate a fixed term lease 14. Accessing a unit 15. 10-day notice required for rental violations in Los Angeles County 16. Landlords force to accept a Section 8 tenant 17. Filling out an eviction form 18. Tenant taking over the common areas 19. Tenant has multiple violations of rental agreement 20. Evicting only one tenant from a unit via YouTubeÂ
1031-Exchange: Insider Secrets & Avoiding Common Mistakes Unlock the secrets of 1031 exchanges and maximize your multifamily investments in our latest video featuring industry expert Greg Burns from IPX1031 Exchange Services. Join us as we dive deep into the world of 1031 exchanges, discussing:
What 1031 exchanges are and how they work • The critical role of a qualified intermediary • The three pillars of real estate ownership: maximization, growth, and protection • Timing and the 45-day identification period • How to select the right accommodator to ensure your funds are secure • Creative uses of 1031 exchanges for estate planning and portfolio diversification • The risks and consequences of non-compliance
With over two decades of experience, Greg Burns provides invaluable insights and practical tips to • help you leverage 1031 exchanges to grow your portfolio and defer capital gains taxes. Whether you’re a seasoned investor or just starting, this video is packed with essential information to help you succeed in the multifamily market.
đź”” Subscribe to our channel for more expert insights and tips on multifamily investing.
đź‘Ť Like, Share, and Comment to let us know your thoughts and questions!
CONTACT Greg Burns Senior Vice President Investment Property Exchange Services, Inc. (IPX1031) (626) 233-2773 https://ift.tt/z3bhuHp
#RealEstateInvesting #1031Exchange #MultifamilyInvestments via YouTubeÂ
Zoom Landlord-Tenant Talk Radio 6-29-24 Topics Discussed: 1. Supreme Court dealt a blow to homeless encampments 2. Laws relating to security deposits 3. The property insurance crisis 4. Responsibility to repair a washer and dryer 5. Obtaining a securty deposit in excess of the law 6. Obligation to sign a new lease 7. Will a letter be sufficient in lieu of a witness 8. The phone number of a manager should be given to the tenants 9 Removing a unit permanently from rental housing use. 10. No increase in security deposits for furnished units 11. Combining properties in a LLC to obtain a higher security deposit 12. Unauthorized occupants 13. Removing the use of a garage to build an ADU 14. Illegal Unit 15. ADU consultant 16. Proper method of serving a termination notice 17. Tenant deposits cash into landlord’s account 18. Reasons to evict not required for some SFR 19. Proof of ownership 20. Security deposit does not need to be held in an escrow account 21. Interest on security deposits 22. Relocation funds required for substantial renovation 23. One tenant vacates leaving one remaining tenant 24. Co-signers 25. New owner to start an eviction for non-payment 26. Tenant refusing to relinquish unit after vacating 27. Good cause required to evict for unincorporated areas of Lo Angeles via YouTubeÂ
The Shocking Truth About Upgrading Rental Property Learn the true cost of upgrading a rental property in this video on investment real estate. From capital improvements to renovations, we cover all you need to know. Perfect for multifamily property owners looking to maximize their investments!
Chapters 0:00 – Introduction: Maximizing Your Rental Income 2:56 – Pre-Demolition: Evaluating the Unit’s Condition and Initial Plans 11:05 – Renovation Process: Step-by-Step Improvements and Upgrades 19:12 – Final Reveal: Showcasing the Completed Renovation 31:32 – Financial Breakdown: Detailed Cost Analysis 35:27 – Rental Rate Changes: Before and After Comparison 36:40 – The Strategy Behind Renovations: Long-Term Benefits and Goals 39:26 – Outro: Final Thoughts and Investor Advice
On June 20, 2024, the mostly Democrat Justices of The State Supreme Court, joined by a Republican In Name Only, robbed the people of the right to vote for taxes to be approved by The People. This is just the latest in the series of attacks on our Californians’ civil rights. With the continued onslaught of attacks on property rights and small business, can California survive the Gavin Newsom’s draconian measures much longer?
The CA Supreme Court has removed the Taxpayer Protection Act from the ballot at Newsom's request. This Proposition would have subjected any tax increase to a vote of the people.
Two of Newsom's top priorities – increasing taxes and silencing voters – just got a major boost.
Zoom Landlord Tenant Talk Radio 6-22-24
Topics Discussed
1. Avoiding the “Tenant From Hell” 2. Evicting only one co-tenant 3. Terminating a lease that automatically renews 4. What renter’s right does a person have when moving back into a unit 5. Raising rent triggers relocation 6. Change of Ownership Notice- methods of payment 7. 60 day notice to quit on a lodger 8. Substantial relocation 9. Owner occupancy for a duplex 10. Tenant assigning parking space to another tenant 11. Requiring children who became adults to sign a rental agreement 12. Establishing a rental rate without rquiring the tenant to pay this amount 13. Addendum to rental agreements 14. Unauthorized subtenants 15. Tenant establishes a day care business on your property 16. How do you do a credit check 17. Illegal unit 18. Requiring exemption language in rental agreement regarding Statewide Rent Control via YouTube
How Long Will it Take to Build an ADU? #realestate #apartmentinvestor #adus #multifamilyinvesting Timing is crucial when planning an ADU. The initial planning phase typically takes 1 to 2 months, provided all required plans are completed accurately upfront. Incomplete plans can result in back-and-forth exchanges between the city and your planners, significantly extending your timeline.
City approval processes vary widely. For multifamily lots, expect approvals to take between 3 to 7 months. Some cities, like Pico Rivera, require a sequential approval process, where you must get approval from one department before moving to the next. This leapfrog method can prolong timelines. Additionally, each department often sits on your plans for the first 30 to 60 days after submission. If your initial submission isn’t perfect, you might face 1 to 2 years in permitting due to necessary corrections and resubmissions.
Understanding and navigating these city-specific processes is key to saving time and avoiding headaches. Ready to streamline your ADU project and secure your investment? Let’s make it happen! 🏡🔑💼
Link to the full video: https://youtu.be/EUFtRXkqIHo
Each City Has Its Own ADU Guidelines #realestate #apartmentinvestor #multifamilyinvesting #adus Each City Has Its Own ADU Guidelines. A Professional with Experience Will Ease The Process.
Even if we’re looking at identical 10-plex properties in Azusa, Claremont, La Verne, or Downey, each location presents unique challenges. City requirements vary, and lot characteristics like utilities, drainage, and soil conditions play a crucial role in meeting those requirements. These factors significantly impact your project’s success. Partnering with a knowledgeable team ensures you navigate these complexities effectively and secure your investment returns. Ready to tackle your next venture with confidence? Let’s make it happen! 💼🏢🌟
Link to the full video: https://youtu.be/EUFtRXkqIHo
