Just pull the trigger and make the landscaping decent. I am always amazed how many apartment buildings have ZERO curb appeal. Who wants to live in a place that looks like a dump from the curb?
Category: Real Estate Brokerage (Apartment Buildings)
Magnesite… Don’t be cheap.
Magnesite is the decking material used on stairs and second story walkways. Many buildings in Los Angeles were built in the 1960s that were stucco framed with a magnesite stair case and landing. For some reason, many landlords have tried…
Where do I put my money? Low Income Apartments Are Money Makers!
In college at UC Davis, I began to get interested in investing and making money. I read books about the stock market and specifically became fascinated with Warren Buffet and Berkshire Hathaway. I admired Buffet’s basic approach to investing. He…
Apartment Building Valuation Approaches: Gross Rent Multiplier (GRM) and Capitalization
Apartment buildings are commonly described as “income properties.” Unlike single family homes, apartment buildings (a sub-set of the multi-family property category) are almost exclusively valued based on the amount of income generated on a per-month basis. Appreciation is a factor,…
What is REAP (Rent Escrow Account Program) and How Can I Avoid It?
REAP (Rent Escrow Account Program) is a program managed by the Los Angeles Housing Department (LAHD). REAP is an enforcement tool created to ensure that Los Angeles property owners maintain their properties in a safe and habitable condition. A property…
What is “Attorney-Brokerage”?
Negotiating properties is more than just buying, selling or leasing bricks and mortar. One must consider, for instance, the ability of a property to produce cash flow, and that ability is tied into a bundle of legal rights. Analysis of…
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