Category: Blog

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The Apartment Dealer: Important Update on Substantial Improvement Rules #realestate #propertyinvestment #renovation

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 YouTube 

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Landlord-Tenant Radio: Zoom Landlord Tenant Talk Radio 7-6-2024

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 YouTube 

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The Apartment Dealer: 1031-Exchange: Insider Secrets & Avoiding Common Mistakes

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 YouTube 

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Landlord-Tenant Radio: Zoom Landlord-Tenant Talk Radio 6-29-24

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 YouTube 

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The Apartment Dealer: The Shocking Truth About Upgrading Rental Property

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

#MultifamilyInvestment #PropertyRenovation #RealEstateInvesting #RentalPropertyUpgrades #CapitalImprovements #RentalIncome #RealEstateTips #InvestmentProperty #ApartmentRenovation #RealEstateAdvice #LandlordLife #PropertyManagement #RentalRenovation #RealEstateStrategies #InvestmentReturns #RealEstateWealth #TenantImprovements #MaximizeROI #InvestmentRealEstate #RentalPropertyInvesting
via YouTube 

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CA Supreme Court Removes Taxpayer Protection Measure From November Ballot | Episode 312

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?

Links and resources are available in the show notes below:

CA Supreme Court Removes Taxpayer Protection Measure From November Ballot | Episode 312
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Landlord-Tenant Radio: Zoom Landlord Tenant Talk Radio 6-22-24

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

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The Apartment Dealer: How Long Will it Take to Build an ADU? #realestate #apartmentinvestor #adus #multifamilyinvesting

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

#ADUConstruction #RealEstateInvesting #PropertyDevelopment #InvestmentOpportunity #TimelyExecution #CityApprovals #SmoothProcess #WealthBuilding #SavvyInvestor #InvestmentSuccess
via YouTube

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The Apartment Dealer: Each City Has Its Own ADU Guidelines #realestate #apartmentinvestor #multifamilyinvesting #adus

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

#realestateinvesting #PropertyInvestment #CommercialRealEstate #InvestmentOpportunity #ValueAdd #RealEstateDevelopment #SavvyInvestor #WealthBuilding #PassiveIncome #InvestmentSuccess
via YouTube 

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The Apartment Dealer: Potential Challenges when Building ADU’s #realestate #apartmentinvestor #adus

Potential Challenges when Building ADU’s #realestate #apartmentinvestor #adus
Insights on Potential Challenges when Building ADU’s. With the Right Team, They Can Be a Breeze.

When diving into a new project, remember the three critical stages: Planning, Permitting, and Construction. Each stage brings its own challenges, especially with varying city regulations and unique property characteristics. Having the right team to navigate these complexities is essential. Ensure you partner with experts who have a keen eye for detail and a deep understanding of the process. This is how you secure your investment dollars and achieve the returns you’re aiming for! Ready to unlock your next value-add opportunity? Let’s make it happen! 💼💰🏡

Link to the full video: https://youtu.be/EUFtRXkqIHo

#RealEstateInvesting #PropertyInvestment #CommercialRealEstate #InvestmentOpportunity #ValueAdd #RealEstateDevelopment #SavvyInvestor #WealthBuilding #PassiveIncome #InvestmentSuccess
via YouTubeÂ