Friday, 27 December 2019
Question: “I plan to buy an investment property and am curious, do you recommend hiring a manager or doing it yourself?” Answer: Great question. And like many, it depends… Do you have the time to manage the property?You can go for long stretches where all you do is collect rent. But then you can have
Thursday, 28 August 2014
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
Tuesday, 01 July 2014
Question: “My property manager is licensed, so we’re going to go ahead and list our rental with her and…” Answer: Hey, did you hear the news about the Chargers?! This season quarterback Philip Rivers and tight end Antonio Gates are going to swap positions. Gates at QB and Rivers playing tight end. No big deal.
Sunday, 15 April 2012
My mom, who is 60, lives in OC and owns a townhome. She has a situation with the renters. She doesn’t know whether to just sell or continue renting it out. My mom has several health issues and feels this “rental” is causing her extra stress. I told her to make a pro’s and con’s
Tuesday, 20 March 2012
“I’m thinking about selling my La Jolla home. Should I sell my home vacant or with tenants there?” Answer: It depends on the occupants. In particular, how they keep the home and how cooperative they are. A well-kept home with beautiful furniture is a real plus. But a messy home with dated or ugly furniture
Tuesday, 07 February 2012
“I’ve owned San Diego real estate for 40 years and I’m tired. I’m 71 and want out of being a property manager. My wife and I own a 7-unit apartment complex in Normal Heights. Any ideas on how to sell it without paying a lot of tax?” Answer: Here are SIX ideas for you: 1.
Monday, 09 January 2012
“Hey Gary. We want to sell our parents’ old La Jolla home in the Muirlands area. The thing is it’s leased through the end of July. If we sell, what happens with the lease? Do you think a buyer will just take it over?” Answer: Leases “run with the property,” not the owner. That means
Saturday, 29 October 2011
“Hi Gary. We love your Q&A. Question: We want you to sell our rented La Jolla home in January. So my question is whether we should sell the house vacant or with the tenant in? What do you think?” Answer: Great question. The best answer is usually to sell it vacant, but the right answer