Results for ‘Uncategorized’ category

Why you need to request estoppels on every apartment deal

Section 9C of the current California Association of Realtors Residential Income Purchase Agreement (“RIPA”) contains a check box which the buyer must check in order to require the seller to provide tenant estoppels as part of the sale process. Make sure you check it. (And if your broker doesn’t check it for you, get a

Echo Park rent survey – May 2012

Just completed our semi-regular rent survey for Echo Park north of the 101, and the results are pretty interesting: Median asking rents for 1 bed / 1 bath apartments was $1,450, up a whopping 26% since February Median asking rents for 2 bed apartments was $1,995, down by 15% compared to February Median asking rents

When to refuse rent from a tenant

You might think that your job, as a Los Angeles landlord, is always to get your tenants to pay rent. And you’d be wrong. There is one situation where you absolutely do not want to accept rent from your tenant under any circumstances: When you have a tenant you want to get rid of and

One phrase you want to include in all apartment offers

Almost all contracts for the purchase and sale of apartment buildings in Los Angeles are created using the standard California Association of Realtors (CAR) form. Overall, I believe the terms of this standard contract are pretty fair for both buyers and sellers (with the exception of the seller’s ability to tie up the buyer’s deposit

Why choosing a good listing broker matters

Some people have the impression that who your listing (selling) broker is doesn’t matter that much. After all, whoever it is is going to put the property up on the MLS, maybe have an open house or two, and then collect offers. Who cares how knowledgeable that person is? Why not just hire your cousin

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