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
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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
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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
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The Apartment Dealer: The Benefits of an ADU #realestate #apartmentinvestor #adus

The Benefits of an ADU #realestate #apartmentinvestor #adus
The Benefits of an ADU. Upgrading Old Systems vs. Building New.

Investing in the future! 🛠️ Upgrading older properties means replacing outdated systems like plumbing and electricals. With ADUs, you can create separate units that don’t always require extensive upgrades to the main property. These new units boost property value and generate reliable cash flow. Ready to modernize and maximize your investments? Let’s discuss strategic property upgrades today! 💡💰

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

#RealEstateInvesting #PropertyUpgrades #CashFlow #InvestmentStrategy
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The Apartment Dealer: What is an ADU? #realestate #apartmentinvestor #adus

What is an ADU? #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 YouTube 

Landlord-Tenant Radio: Zoom Landlord Tenant Talk Radio 6-15-24

Zoom Landlord Tenant Talk Radio 6-15-24
Topic Discussed:
1. Increasing rents
2. Requesting a tenant to do the gardening
3. Tenant suing landlord regarding an illegal unit
4. Suing tenant in small claims court for Covid rent
5. Tenant vacates without notice
6. Raising rent and owner wants to occupy the unit
7. Family member wants to occupy an unit
8. Obtaining a security deposit from an existing tenant
9. Requesting a tenant to sign a rental agreement
10. Correcting a mistake in an eviction lawsuit
11. Renovate or owner move-in. Which one?
12. Terminating a Section 8 tenant for economic reasons
13. Rent notice is required to exceed the fair market value
14. Owner desires to occupy unit located in Glendale
15. Tenant owes rent- Start the eviction
16. Late charges
17. Major repairs required and tenant will remain in possession
18. Raising rent for a Section 8 tenant
19. Tenant owes rent
20. Relocation needs to be paid where an owner wants to occupy a unit.
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The Apartment Dealer: Maximize Your Multifamily Profits: Why Every Investor Should Consider Building ADUs

Maximize Your Multifamily Profits: Why Every Investor Should Consider Building ADUs
Welcome back to The Apartment Dealer Show! In today’s episode, we’re diving into a game-changing strategy for multifamily property owners-Accessory Dwelling Units (ADUs). We’re joined by Adam Stewart from Backyard Estates, an expert in ADU development, to explore the substantial financial benefits and strategic considerations of adding ADUs to your properties.

🔑 In this episode, you’ll learn:

• What are ADUs and how they can enhance your multifamily property
• The financial gains from ADUs, including increased cash flow and property value
• How to navigate the complexities of local building codes and regulations
• Real-world success stories demonstrating the transformative impact of ADUs

Adam brings years of experience to the table, providing valuable insights into the planning, permitting, and construction processes of ADU development. Whether you’re looking to expand your existing property or enhance its value, this episode equips you with the knowledge to make informed, profitable decisions about your real estate investments.

📺 Watch now to learn how ADUs can revolutionize your investment strategy!

If you found this video helpful, please give it a thumbs up and subscribe to our channel for more expert insights and tips on real estate investing. Don’t forget to hit the notification bell so you never miss an update!

Have questions or need further assistance? Feel free to reach out in the comments or contact us directly. We’re here to help you achieve greater success in your real estate endeavors!

CONTACT
Adam Stewart
Backyard Estates
(949) 662-4884
https://ift.tt/sORCJiA

Chapters
0:00 – Introduction
2:48 – What is an ADU?
3:24 – Benefits of ADUs
5:38 – Navigating Regulations
7:19 – Planning and Construction Process
11:46 – Real-World Success Stories
15:54 – Cost Considerations
19:09 – Challenges and Pitfalls
21:56 – Tips for Selecting a Contractor
33:18 – Opportunities on Different Sized Properties
36:09 – Conclusion and Final Tips
38:27 – Outro

#RealEstateInvesting #MultifamilyProperties #ADUs #PropertyManagement #ApartmentDealerShow
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Landlord-Tenant Radio: Zoom Landlord Tenant Talk Radio 6-8-2024

Zoom Landlord Tenant Talk Radio 6-8-2024
Topics Discussed:

1. Change of ownership or managment
2. Allowing a friend to occupy your unit
3. Holdover damages
4. Non payment of rent for a storage unit
5. Serving a second 3-Day notice to pay rent
6. Premises appear to be abandoned
7. Tenant retaliation for a rent increase
8. Cash for keys
9. Utilities charges included in a notice to pay rent or quit
10. Proving the Los Angeles cover sheet was properly filed with the city
11. Tenant cancels after signing a rental agreement
12. Serving a new change of ownership/management notice
13. Preparing a rent increase notice
14. Counting days when a 3 day notice will expire
15. Evicting your boarder
16. Illegally converted garage-relocation required to be paid
17. Storing items in the common areas
18. Landlord is sued for failing to repair the jacuzzi
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REACTING To NY/LA Squatters Rights Cases

In this latest installment of Local Broker Reacts, I react to a couple of Squatter cases that made national news. For those of us in the industry, this is nothing new. For others, this came as a shock.

How did this happen in the first place?

Watch this episode of The Andres Segovia Show to get some context to the Squatting issue.

Landlord-Tenant Radio: Zoom Landlord Tenant Talk Radio 6-1-24

Zoom Landlord Tenant Talk Radio 6-1-24
Topics Discussed:

1. Landlords forced to take Section 8 tenants
2. 3-Day Notice to Quit vs e-Day Notice to Perform or Quit
3. Provision in lease agreement prohibiting jury trials
4. LA single-family residence exempt from rent limitation but good cause required to evict
5. Laundry lease
6. Los Angeles County rent control does not impact incorporated cities
7. Illegal unit
8. Proper person to serve a lawsuit
9. Proposed bill to force landlords to accept pets
10. Removing a parking space to construct an ADU
11. Tenant refusing an inspection
12. Visitors creating a nuisance
13. Boarders in your house
14. Condominium not subject to rent limitations
15. Tenant wasting water
16. Tenant vacates without notice
17. No pet policy
18. Terminating a Section 8 tenant
19. Friend moving into the unit for only 30 days
via YouTube