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4 April 2020 | 6 replies
I'm also in LA and would love a referral to a GC once you've chosen one!
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13 March 2020 | 2 replies
If you've chosen a solid market, know your cost to hold/maintain, know the market demand and resale history - let the self-doubt go.
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19 March 2020 | 3 replies
In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.
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22 March 2020 | 19 replies
I am glad to have chosen mainly REI instead of dumping a bunch of money in the stock market my money there has not fared well.
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14 April 2020 | 160 replies
Many landlords I've spoken with (and respect) have chosen to send a proactive email!
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22 March 2020 | 0 replies
Had the sewer scope inspection revealed the extent of the repairs required to ensure the property was inhabitable; I could have chosen not to pursue the purchase or negotiated with the seller with this very important information.
13 April 2020 | 3 replies
Hi Shayna,I see your cactus fell over, cactus's are tough it will probably be alright.Re the door (they won't fix it) maybe CALL AND ASK them if you can get small can of matching paint and make it look better yourself.
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16 April 2020 | 10 replies
You do the report through your chosen company, do not accept tenant provided reports.
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29 March 2020 | 17 replies
No change in points as we've chosen to add to the processing fee instead until capital markets come back.
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11 September 2020 | 328 replies
Not having this level of reserves is taking a risk, a risk the LL has chosen (which contrasts with the tenant that cannot build these reserves).