October 2015 - Earth Shattering New LA Quake Retrofit Law!In a unanimous decision, the Los Angeles City Council voted to approve a bill mandating that thousands of older apartment buildings around the city get retrofitted by hold up during an earthquake. Mayor Eric Garcetti signed the...
It is unfortunate, but the reality is that nearly every landlord has experienced a loss due to non-payment by a tenant. As seasoned and novice landlords alike know, if a tenant is unable to pay their rent for whatever reason, a landlord is forced to...
New California Resident Manager Laws for 2015-16 Major changes are now on the books for California property owners and management companies. Amendments include a higher minimum wage, an increase in rents and adjustments to rent credits. The modifications to the California resident manager laws went into...
MW Real Estate Group Protects Client Checking Accounts with Positive Pay What is Positive Pay? Positive Pay is an automated fraud detection tool offered by the Cash Management Department of most banks. In its simplest form, it is a service that matches the account number, check number...
The North University Park Properties student housing properties, a 21 property USC student housing account, to its core management portfolio. The limited engagement helped ownership consolidate its portfolio with management review and subsequent brokerage services on the sale of 6 properties ( View marketing brochure). MW's first hand...
CAP Rate Calculations; The ROI Formula Lens of Lenders vs Investors After the 2007 market crash, CCIMs and other commercial real estate professionals were often asked, 'What is it worth?" With a paucity of sales from which to extract investment benchmarks, many of us were limited to guesswork,...
This example follows one strand of an MW managed investment portfolio from inception over 13 years and 4,516% equity growth. ...
2013 FEDERAL TAX CHANGES AND IMPACT ON COMMERCIAL REAL ESTATE By Wolf Baschung, CCIM, CPM 2013 tax changes rental property? What changes you make ask. CCIM Institute provides relevant legislative news and supporting resources to answer questions and protect members' businesses. Federal, state, and local laws impact...
By Wolf Baschung, CCIM, CPM From Los Angeles to New York, and Anchorage to Key West, RUBS utility reimbursement is taking hold. Properly allocated utility responsibility and cost is critical to apartment building operations. As utilities are supplied to a rental property, they are typically split-up,...
To all our housing and neighborhood development partners: The Mayor and City Council approved the dissolution of the Community Development Department (CDD) effective July 1, 2013 in line with efforts to simplify and consolidate the City’s economic development processes. All functions, programs and services provided by CDD will...