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Overview of Earthquake Retrofit Mandate in Los Angeles

By | 2017-07-19T06:12:57+00:00 July 19th, 2017|blog|

On October 2015, the mayor of Los Angeles signed a new law, (ordinance 183893) requiring retrofitting for apartment buildings with underground parking and units built above it. Owners will have one year from the date of issuance to comply with upgrades from the Department of Building and Safety. Within one year, owners must submit proof that [...]

Tenants Smoking Marijuana in Your Los Angeles Building

By | 2017-07-19T06:12:00+00:00 July 19th, 2017|blog|

The laws concerning marijuana use vary vastly from city to city and state to state. To complicate matters it is still considered illegal from a federal law perspective. Here in California, however, voters passed the medical marijuana initiative, making it legal for someone with a documented medical justification to consume small amounts of the drug in [...]

3 Difficult Issues When Managing Properties in Los Angeles

By | 2017-07-19T06:09:37+00:00 July 19th, 2017|blog|

There are 3 issues that could arise when managing or owning real estate in Los Angeles that often times, owners are unable to control but must control in effort to manage a property effectively. Graffiti As an owner or manager of a property – whether a commercial property, industrial, retail or residential, graffiti on your building [...]

Transitioning to a New Property Management Company in Los Angeles

By | 2017-07-19T06:08:35+00:00 July 19th, 2017|blog|

For many Los Angeles based property owners, changing property management companies can appear overwhelming. We hear often that owners have had the same management company in place for several years but the relationship has become strained for one reason or another. The idea of changing management companies has been keeping you up at night even though [...]

9 Ways of Making Money Syndicating Real Estate in Los Angeles Today

By | 2017-07-19T06:03:58+00:00 July 19th, 2017|blog|

The 9 Ways of Making Money by Syndicating Real Estate in Los Angeles Today The Real Estate market is cyclical. Historically, real estate rises and falls every 7 to 11 years. Every real estate cycle encompasses its own unique challenges and ways of making money. The current real estate cycle is challenged by increased property values, [...]

5 Aspects of Property Management in Los Angeles

By | 2017-07-19T06:02:42+00:00 July 19th, 2017|blog|

Often times, Owners ask us what is entailed in managing properties. Stated another way, what services do we provide as property managers? A simplistic response is – there are 5 Aspects to Property Management: Tenant Retention Aggressive marketing vacancies to qualified and quality tenants Controlling costs Document control Communication Tenant Retention Making sure our existing tenants [...]

Kid Proofing Your Los Angeles Income Property

By | 2017-07-19T06:00:45+00:00 July 19th, 2017|blog|

The toddler tenant found something new to play with! … Except it’s not a toy, it’s a sharp nail sticking out of the side gate. Owning income investment property is rewarding, but it is not without its risks and potential liabilities. While as owners and property managers, we cannot totally safeguard our properties such that we [...]

To Self Manage or Hire Professional Management, that is the Question

By | 2017-07-19T05:53:47+00:00 July 19th, 2017|blog|

The decision to self-manage or hire professional management can be a very daunting – especially if the owner is new to owning income properties. Not in all circumstances do we recommend hiring professional management – there are instances of when an owner is better positioned to self manage (this discussion is the topic of another post). [...]

3 Rules of Renting to Los Angeles Tenants

By | 2017-07-19T05:52:07+00:00 July 19th, 2017|blog|

The leases that we have our Los Angeles based tenants execute are quite lengthy. Our leases are drafted by very qualified real estate attorneys. Our leases are fully exhaustive and cover nearly every rental landlord/tenant scenario imaginable. With that said, more often than not, tenants do not read the terms of the lease prior executing it. [...]