Should Landlords Form an LLC for Rental Property?

One of the most common topics of discussion I hear in the landlord world is whether or not to create a landlord LLC (or Limited Liability Company) for their rental properties. I think it’s important to point out that the reason this comes up so frequently is that it stretches across the two main issues landlords face: • Legal liability • Tax liability Note: LLCs do not create any tax advantages for landlords but more on that later… Read More

Cities in the Crosshairs—Is a Housing Crisis Ahead?

Many American cities may be in danger of a housing crisis, according to a study from GOBankingRates. Using data from Zillow and the Census Bureau’s 2017 American Community Survey, GOBankingRates compiled a list of 175 largest U.S. cities by the number of households,.... Read More

14 Reasons Why Someone Would Sell an Investment Property

No matter how much you may dislike the idea of needing to learn more about eviction procedures, knowing what to when it comes to an eviction situation is one of the best ways to protect yourself from an unnecessarily long case. Even landlords who spend weeks vetting and selecting tenants may find themselves needing to file for eviction for one reason or another, and knowing the procedure is very helpful at.... Read More

Where Rent Is Pricing People Out

High rental costs are a burden in many metro areas, and for many who live in the 50 largest metros, average incomes cannot match up with the average rent costs. In a report, Freddie Mac takes a look at not necessarily where rents are highest, but where rents are unaffordable for the average person..... Read More

Do Asking Prices Matter?

As a seller of an apartment building – you’ve typically three goals – to dispose of your property for the most possible dollars, in the shortest period of time, with the fewest contingencies. Simple, right? Yes, very. However, the execution – AKA “the devil’s in the details” is not so easy. Let’s start with the asking price – shall we? Some.... Read More

Apartment Occupancy Tightens in February, Rent Growth Remains Solid

Rent growth across the U.S. remained strong in February, while occupancy ticked up for the first time since last year’s peak leasing season. Annual rent growth across the 150 largest apartment markets landed at 3.2% in February, up from the 2.7% rate seen 12 months earlier..... Read More

Read the Tea Leaves to Sell Your Apartment Building

How to tell what, if anything needs to be done to get your property sold once your property is placed on the market. You’ve carefully scrutinized every active and sold listing. You’re up to speed on your competition – you’ve driven by each building with which you compete. You understand the tax impact of a sale. All that’s left is to produce that glossy brochure, place the listings info on multiple websites, call the neighbors, and publish in the multiple listing service. Now the fun begins! You must interpret the market signals... Read More

Multifamily Growth: No Signs of Slowing

30,300 new and resale home transactions closed escrow in California during December 2018. The number of homes sold was 20% lower than a year earlier, amounting to 7,400 fewer sales in the single month of December. This continues the trend of falling year-over-year sales volume, leaving total annual sales volume 4% below 2018. 2018 ended with 442,000 home sales in California. This is 19,900 fewer sales than took place in 2017, amounting to a decrease of 4.3%. For ... Read More

What To Do If The Deposit Doesn’t Cover The Damage Or Unpaid Rent

You did the right thing in collecting a security deposit. But what happens when that deposit isn’t enough to cover damages or unpaid rent? Most landlords collect a security deposit equal to one month’s rent at move-in time to cover any damages or unpaid rent at move-out time. But if there were extensive damages to the property or if the tenant left without paying last month’s rent and there were damages, you’re out some money, and... Read More

Economist on the Housing Market: “A Complete Wreck”

“Why is it so hard to find a starter home in today’s real estate market?” asked Elliot Eisenberg, President and Chief Economist at Graphsandlaughs.net., during an economic summit hosted by the Fredericksburg Area Association of Realtors and the Fredericksburg Area Builders Association. According to an article in fredericksburg.com, ... Read More