Blog

Friday, December 17, 2021

People Making a Difference Locally Because Community Matters

If you think condominiums are somehow cold and uncaring places to live, we have a story for you.

At West Ocean, a condominium complex along the Ocean Corridor in Downtown Long Beach, they do something unique and special every holiday season.

It’s called the Giving Tree.

Back in 2010, a group of West Ocean residents organized by Rola Karam formed a social club to do something more for the local community around the holidays. It’s called Learn and Love Long Beach.

Each year, they research non-profit organizations near West Ocean, in Downtown Long Beach that... read more >>

Tuesday, December 14, 2021

Should I Buy Through the Listing Agent – Mike Explains

Imagine, if you will: A house you love just came on the market. You might want to make an offer: should you go through the “listing agent” or find your buyer representative? Your sister (an attorney) tells you to go through a separate agent. Your boss (the savvy real estate investor) recommends going through the listing agent.

What do you do now?

When a seller lists a home, they sign up with a broker to be their agent to represent them in the sale. This brokerage, referred to as the “listing agent”, has a fiduciary duty to look out after and act in the be... read more >>

Tuesday, November 9, 2021

Evictions and Rent Relief

The California Rent Relief program provides financial assistance for both income-eligible tenants and landlords who have been impacted by the COVID-19 pandemic.

Our team has been working diligently to remain current on both state and local COVID legislation. We are a trusted source to help navigate the pandemic-related challenges both owners and tenants have had to endure.

As a landlord with a tenant who is behind in their rent, here’s what you need to know:

  1. The word ‘eviction’ cannot and will not be considered in a court of law when a tenant has app... read more >>

Monday, October 25, 2021

Mike Explains: What if It Does Not Appraise?

Imagine if you will: after months of searching and bidding on multiple properties; you are finally in escrow on the home of your dreams. You were one of three offers but this time they went with you. You feel you have done everything right and have even started to tell your friends about the move.

Then, you get a call: the home does not appraise. You agreed to pay $1,000,000 with a 20% down payment, and the appraisal came in at $950,000. You are $50,000 off. What do you do?

In real estate, an appraisal is an opinion of value done by a state license appraisa... read more >>

Tuesday, September 21, 2021

Mike Explains: Contingencies

Imagine, if you will; you want to put an offer on a home that you like—you love it! But you aren’t sure how it will appraise, if you will qualify for the loan, you would like more details about the HOA, you want a professional home inspection, but you don’t want to spend the money if you don’t get the home.

What do you do? Don’t worry, contingency is a consumer-friendly tool. Modern real estate contracts are full of contingencies.

In real estate, contingency is a noun for the adjective “contingent”-which means subject to, depende... read more >>

Friday, August 27, 2021

Mike Explains: Listing Price Strategies

Imagine, if you will: you list your home in a hot seller’s market, and you expect a bidding war. But when it goes on the market, all you hear is crickets. Or worse, you get one offer at full asking price, yet you were counting on getting more.

You were advised to “list low and watch frantic buyers bid it up,” but now all you have is an offer at the asking price that is lower than you are willing to accept. That is a problem. What do you do now? 

To better understand sales pricing strategies, choosing a listing price is more than just picking the value. It ... read more >>

Tuesday, August 17, 2021

Mike Explains: Rental Scams (And How To Avoid Them)

Imagine, if you will: you pull up at your appointment to show a vacant home you have for lease. To your surprise, you find a strange car in the driveway. Then, someone is standing in the living room with their moving cardboard boxes. You have no idea who this stranger is but, they claim to have rented your home from someone else. What happens now, and how do you prevent this from happening again?

A fake rental scam is when a prospective tenant rents a home from someone who has no right to do it.

Rental scams happen all the time, and it is a huge problem. Scammer... read more >>

Monday, July 26, 2021

Mike Explains: Listing Price

Imagine, if you will: you are thinking of selling your condo, which you love but have outgrown. But then you hear all this talk from other sources about properties “selling over list.”

You wonder, what does “list” means? And other terms you might hear like “list price.” How it affects you? We explain this to you.

The listing price is the price that a property owner is asking for a property that is for sale.  It is also referred to as the asking price. 

When a property owner lists a property for sale, they ... read more >>

Thursday, July 15, 2021

Mike Explains: What Is Included in the HOA Dues?

Imagine, if you will: you find that perfect place and you are ready to make an offer. Then you see the homeowner’s association dues and they seem high. You wonder, what is included in those HOA dues?

One of the most common questions people ask real estate brokers is: What is included in the HOA dues?

HOA dues are periodic assessments, typically monthly, charged to the owners of common interest development to cover the common area expenses. The dues are the expenses that everybody shares who owns a property in that community.

HOA dues cover expenses b... read more >>

Friday, June 18, 2021

Mike Explains: Tenant HOA Violations

Imagine, if you will: you are happily receiving rent every month from the tenants leasing out your Ocean Blvd condo you used to live in. Everything seems great.

Then you receive a violation notice. Turns out your tenants threw a crazy party resulting in various noise violations and complaints.

Now the HOA board is asking YOU to show up to a hearing. After reading more closely you discover that you may subject to significant fines for something you did not personally do. Now it is your problem!

Tenant HOA Violations - Homeowners’ asso... read more >>


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