Friday, September 30, 2022

Mike Explains: Why a Handyman Costs More Than You Expect?

Imagine, if you will.

You get a bill from your Property Manager and see the hourly rate for a Maintenance Technician at $95 per hour. You may think it is excessive, or that a handyman equals cheap labor. You also may start to wonder if you should do it yourself, or find cheaper options.

You call your Property Manager, and they tell you that the $95 hourly rate is a preferred one for clients and that the true market rate may be higher than that.

How could that be?

Maintenance Technicians, or handymen are important in the real estate business. Nobody ever questions tha... read more >>

Monday, August 29, 2022

Reasons to Invest in Long Beach Real Estate

Are you looking to invest in Long Beach, California?

The real estate market in Long Beach, CA presents an amazing opportunity for rental property investors and primary homebuyers alike. Rental property is a desirable investment for both cash flow and as a hedge against inflation. If your “investment” happens to be your primary residence then there are countless other benefits. 

California is known for its “blue chip” real estate market and Long Beach is a g... read more >>

Friday, August 26, 2022

Mike Explains: The 1031 Exchange

Imagine, if you will.

You bought a property some years back, paid $500,000 for it, and paid the loan accordingly. Now, you owe nearly $200,000 on it. Feeling confident about the real estate market, you think: “it's worth a million now, what if I sell it and buy another place for $2,000,000?”

“Well, if we sell for $1,000,000 and pay off the loan of $200,000, forgetting fees, that leaves like $800,000, and it should be enough to buy a $2,000,000 property with, maybe, a little room to spare.”

Then, you go to your tax advisor for assessment, and the... read more >>

Thursday, August 11, 2022

Best Areas to Invest in Long Beach

Best Areas to Invest in Long Beach

It makes sense to be investing in Long Beach real estate.  It is Los Angeles County’s most southern beach city and directly borders Orange County.  It seems like a great place to invest but where do you start? 

Long Beach is more like a small county than a city.  It has several different neighborhoods although connected, have differing vibes and opportunities. You can find multiple neighborhoods with different types of high end, mid-range, and more affordable types of housing.  

...

Thursday, July 28, 2022

Mike Explains: Buying and Selling As-Is

Disclaimer: the contents of this blog post do not substitute professional legal advice.

Imagine, if you will: you have been looking for a (potentially) forever home. It’s on the Hill in Seal Beach, and it feels like they never come up for sale. With the advice of your real estate agent, you write a solid purchase offer. Then, you get a counteroffer that reads: “property sold as-is." This might be a dealbreaker for your agent.

Should you worry about this? What does this mean, and what are the risks of moving forward with this ‘as-is' transactio... read more >>

Tuesday, June 28, 2022

Top Tips When Buying Investment Property in Long Beach

Are you thinking of investing in the Long Beach, CA real estate market?  Who could blame you?
Long Beach and the surrounding area are right between Los Angeles and Orange Counties in the
heart of some of the best real estate opportunities on earth. 

Southern California isn’t just the perfect spot for vacationers year-round and is home to a booming
tourism industry. It is also a hub for a buzzing job market, an incredibly high demand for 
<...

Wednesday, May 4, 2022

Long Beach’s Heritage at the Bembridge House – Community Matters

In 1906, a banker named Stephen Green and his wife Josephine moved from Seattle and built an ornate Queen Anne Victorian residence in their new hometown of Long Beach, California. Now known as the Bembridge House, it sets on the National Register of Historic Places and the California Register of Historic Resources.

Walking through it today you can feel what they must have been like. This magnificent home is much more than a specimen of late Victorian architecture. It stands as an example of what a community can do working together in the name of local pride, preservation and heritage.... read more >>

Tuesday, April 19, 2022

A Guide to the Eviction Process in Long Beach, California

Just like tenants, California law, (CA Civil Code 1940-1954.05) gives landlords a bevy of rights., including those protected under the legal California eviction process. Key among them is the right to evict a tenant for lease violations. You never want to evict a tenant, but sometimes it's necessary. The following guidelines describe the eviction process in California under non-Covid circumstances.

Since the Covid epidemic, the state of California, and many local jurisdictions have enacted tenant pr... read more >>

Thursday, April 7, 2022

Breaking a Lease in Long Beach, California - Know the Laws

Not all tenants in California who sign a lease stay to the end. Unpredictable things can get in the way and the tenant may be forced to break their lease agreement. Now, depending on the reason for breaking the lease, a tenant may or may not be liable for penalties. Not being liable for penalties also means you can't make any deductions to the tenant's security deposit to try to cover lost rent.

Unjustified Reasons for Breaking a Lease in California

When your tenant doesn&rsqu...

Friday, March 25, 2022

Sell or Lease Your House | Mike Explains

Imagine, if you will. You got that great job offer in Nashville you were hoping for. However, you live in Long Beach, California. Moving out is a no-brainer, and you’re excited at the options you can afford.

But, what to do with the Long Beach home you own? Should you sell it? Should you keep it as an investment?

We get this question all the time. Especially in the Los Angeles/Orange County area. All concerns seem valid: the fear of not being able to afford a comeback, after selling your home. Two, your attachment and affection to your home. Or you consider renting out you... read more >>

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