Recently I had a client ask what the rent control limits might apply to their property in Huntington Park. I knew Huntington Park was close to the some of the towns covered under the City of Los Angeles rent control laws. Knowing that the City of Los Angeles Rent Stabilization Ordinance (RSO) is the most […]
True Wealth – How to Avoid the Looming Retirement Crisis
June 15, 2020 By
Wealth vs. Saving – The Distinction There are many different definitions of wealth. For this purpose I will define wealth as “a durable and perpetual source of significant income”. If you are planning on retiring, income is what you need. Many would consider one million dollars in the bank as wealthy, but let’s think of […]
Buying With a Partner When All is NOT Equal
November 10, 2015 By
When you buy a home with a partner or spouse and everything is split 50/50, it is easy. But what happens when what you bring to the table is different? How do you make it equitable for both parties when contributions are not equal? This morning I spoke to a couple that are looking to […]
Tips for the New Landlord
August 18, 2012 By
Many moons ago, when I was 23 years old, I purchased my first duplex. The back unit was vacant and I was in a rush to get it rented. Being young and foolish, I just assumed that people were responsible and paid their bills. To make a long story short, one year and lots of […]
How to Evaluate a Rental Property Quickly (Video)
February 21, 2012 By
When scanning new listings I use quick rules of thumb. This enables me to know within 20 seconds or less whether a property has the potential to break even, or have a positive cash flow. Is the monthly rent around 75% of the Price (divided by 100)? If this is the case, or close to […]
Looking for Value in the Income Property Market
April 1, 2009 By
Last year, we began looking to purchase a piece of income property with a partner. Our search started with the 5+ unit category because this is traditionally where you find the best cash flow. After scouring the market for 6 months, we came across very little inventory, and even less attractive deals. If the Real […]