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Uncategorized Giving This Season-give by choosing where you eat On another note, it is the season of giving. Did you know that there are ways to give, just by choosing where your dollar goes? My favorite way to do this is to eat at Ocean Friendly restaurants. The Surfrider Foundation, an organization dedicated to the protection and enjoyment of the world’s ocean, waves, and […]
Uncategorized As We Wind Down the Year, Let’s Take a Look Back… As we navigate the thick of the holidays and we think about friends, family and the year or years we’ve had together, I want to also take this time to look back at some home trends from the past. HGTV did a really sweet article about some fun trends over the course of the last […]
Uncategorized CAR Affordability Update-Good News Here is the takeaway from the article:  More Californians can purchase a home in third-quarter 2025, compared to previous quarter and a year ago, C.A.R. reports Seventeen percent of California households could afford to purchase the $887,380 median-priced home in the third quarter of 2025, up from 15 percent in second-quarter 2025 and up from […]
Uncategorized Landlord Capital Expenditure Projects Projects that you might choose to sell your personal home can be drastically different from what you might choose to do in order to sell your rental property. For example, to sell a single family home, you might consider changing countertops, paint, flooring and hardware. However, if you’re selling a rental property, that might be […]
Uncategorized How to Get a Lower Rate than Everyone Else The big complaint since summer of 2022? Rates are higher than they were during COVID. Sure. We all anticipate that rates will come down, but by how much and how long do we need to wait for things and rates to get good? For awhile, the thing that made the most sense was a temporary […]
Uncategorized Rates are Dropping Tides are Changing, but Who is Changing with the Market? The answer? Investors!! They’ve been sitting on the sidelines waiting for a parting of the seas and they’re seeing it. For anyone who has had money invested in the stock market they have been enjoying a really strong bull market. Over the course of the last two years, the Nasdaq is up by over 80% […]
Uncategorized American Mobility is Becoming Prohibitive The Wall Street Journal recently had a spectacular instagram post that really succinctly captures the difficulties that we have faced within the real estate market: lack of mobility. Mortgage rates are nearly twice as high as they were during COVID. Employers are not fighting for new employees anymore. Quiet quitting is no longer a common […]
Uncategorized Not Increasing Rent. How Much Are You Losing? If you aren’t incrementally increasing rents, you could be losing more money every year that goes by. Your property taxes increase and wear and tear is a regular expense. Between property taxes and ongoing maintenance costs like water heaters, appliance repair and replacement, leak repair, etc, expenses with property ownership can grow. This doesn’t even […]
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Uncategorized Mid Year Market Update Can you believe it!! We’re already half way through 2025. Time to look at how our market has changed. As a point of reference, I’m going to include and highlight my notes regarding the subjects from the beginning of the year.   Rates Yes the fed has dropped the federal funds rate. However, according to […]
Uncategorized New Year, Market Changes It’s the beginning of a new year!! Time to look at how our market has changed over the course of the year.   Rates Yes the fed has dropped the federal funds rate. However, according to Mortgage News Daily , mortgage rates haven’t progressively decreased. As of right now, the expectation is for two more fed […]
Uncategorized Cooling Market, but…. It’s subtle, but the market is slowly cooling. We’re seeing less new inventory. The existing inventory is becoming stale. The number of escrows is down significantly. All of this being said, we still only have 4 months supply of inventory. That may suggest that we’re not in a buyers’ market yet. List price versus sale […]
Uncategorized Current Rents, Pro Forma Rents and Market Rents: How are they all different? When looking to acquire a multi family property, oftentimes there are two different rents advertised: current rents and pro forma rents. Just to complicate things further, there is also market rents and they can all vary wildly. It’s important to understand the difference. Here’s how to think about it.   Evaluating multi family properties can […]
Uncategorized Affordability Changes Affordability is a severely neglected topic. We talk plenty about interest rates and house prices, but talking about affordability and what that conjunctive picture looks like would provide some significant clarity. Affordability is the conjunction of your house price and your interest rate. If we include wages, that tells a story of what percentage of […]
Uncategorized August Mid Month Market Update Our market is demonstrating slowing demand and increasing inventory. Our days on market is increasing and for the first time in a long time, buyers are able to negotiate and homes are selling for 97% of their list price. I think many people have a tendency to look for signs of a slip in our […]
Uncategorized Changes in interest rates without Fed interference   In case you’ve been living under a rock, interest rates have ticked up. However, it has been over a year since we have incurred any rate hikes. What becomes even more interesting is when you stop and look at the significant changes in rates, despite Federal Reserve intervention. Why does this occur? There are […]
Uncategorized Market Update-Increasing Inventory, Decreasing Escrows I noted this last month and it’s roughly the same story: more inventory and fewer escrows. In contrast to last year, we have a nearly 17% increase in inventory, but a 10% decrease in the volume of escrows. This is another indicator that our market is slowing down. In contrast to the year before Covid, […]
Uncategorized My Family’s Perspective on Asset Management I got into the business of real estate managing my family’s portfolio of properties. I think the question most people have as to how things work for us is how and why do we decide to sell and purchase something else. First, I’m just going to pick one of their properties to use as an […]
Uncategorized New Proposal-Biden Unveils Plan to Cap Rent Hikes If you’re a landlord, you’ve already been navigating a monster amount of changes in the last 5 years. Here’s a list to start: Rent Cap Just Cause Eviction Eviction Notices Rent Increase Limits City Specific Eviction Proceedings Security Deposit Caps Insurance Policy Changes ADU Permits By no means, is landlording the same game as it […]
Uncategorized Upcoming ADU changes There is a new bill that is in the middle of approval that would increase the number of ADU’s on multi family properties. If this passes, this is welcome news for a lot of multi family owners and potential multi family buyers. It has been many years since it made any sense for developers to […]
Uncategorized Good Economy, Bad Sentiment. Why? It seems like every month the fed’s data is better than expected. This means that the economy is doing well. Why might this not feel so good though? Good economic data means less likelihood for rate cuts. With higher for longer rates, this means that borrowing costs will continue to be higher. Here’s the thing […]