How Much Do Property Managers Charge?

Thursday, 28 August 2014 by

Question: “I just inherited a couple of rental properties from my dad and don’t want to manage them myself. Can you give me an idea of what property managers charge?” Answer: Happy to. Depending on the property, managers usually charge 5-10% of the rent. Of course, that’s for their services only and doesn’t cover expenses

Question: “Does replacing grass with artificial turf increase property value or not?” Answer: Great question. I used to say absolutely not. Now I’ll soften that and say probably not. But, with this water shortage, shouldn’t artificial turf make a home more desirable and slightly more valuable? As I’ve said before, people buy on emotion and

Question: “I’ve never bought a home before. What do I look for on the walk through inspection? Is that when you hire a contractor to look at the home?” Answer: The walk-through inspection, or as it’s now called in our contracts, the “final verification of condition,” is the inspection you do right before closing. You

New Listing: 1838 32nd Street

Monday, 25 August 2014 by

Check out our new listing, a Pinterest-worthy house on 32nd Street in South Park! Its unique features include slate counters made from reclaimed billiard table, fir hardwood floors taken from a Boeing warehouse, and a “foodie” kitchen with a roll-up door opening onto a spacious deck. Interested? Give us a call today at (858) 457-5368.

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This week’s crazy building is Raja Gopura in Murudeshwara, India. A gopura is an ornate monument tower at the entrance to a temple. At 20 stories and a staggering 237 feet, Raja Gopura is one of the tallest on earth. Two life-size elephants guard the steps leading to its gateway. This is the entrance to

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Question: “I have several rentals and want to buy another property, perhaps a little house. I’d like to come up with as little cash as possible. What do I need to put down?” Answer: To buy a residential rental, you’ll need at least 20-25% down, plus closing costs of around 3%. But here’s a good

Question: “I’ll be selling my 1-bedroom condo that’s worth about 200K. At what point is it worth hiring a professional stager?” Answer: In my opinion, a good stager will return at least 3 and up to 10 times the fee, depending on the cost and the home price. Because your condo is small, it should

Question: “My wife and I want to buy a house. We don’t want to list our condo unless we have a house to buy. So we’ll have to buy contingent on selling our condo. How do homesellers look at contingent offers?” Answer: A bit cross-eyed. Homesellers do not love contingent offers because they must wait

This week’s crazy building is the Iceberg Apartments in Aarhus, Denmark. Called “Isbjerget” in their native Danish, these 7- and 8-story apartment buildings are the result of a competition-winning design from Dutch studio seARCH. If it wasn’t obvious from the name (and the picture), the buildings were inspired by the jagged shapes and pristine whites

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Question: “I have a tenant who’s not paying the rent. Do you think I should handle the eviction myself or hire a lawyer?” Answer: Hire an attorney. Landlord/tenant law in California is very much skewed in the tenant’s favor. If you try to handle the eviction and make the tiniest mistake, your entire eviction could

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