by Rick Thornton | Apr 8, 2021 | Asset Management, Investing in Apartments, Maintenance & Construction, Multi-Family Market, Property Management
Our in-house maintenance team offers a wide variety of advantages to owners of investment real estate. This is an alphabetical list of those benefits and an in-depth understanding of how and what we do for you: Approval Limit Each Owner designates an approval...
by Rick Thornton | Feb 19, 2019 | Investing in Apartments, Multi-Family Market, Property Management
The vast majority of apartments built in San Diego County qualify as luxury apartments and the asking rents are at the high end depending on the specific project. 4500 units is 1000 more than last years total. The largest project is One Paseo in Carmel Valley with 608...
by Rick Thornton | Jan 9, 2019 | Asset Management, Investing in Apartments, Multi-Family Market
Great article in the Wall St Journal about why housing is so expensive in the “Rich Cities”. It cites the main four: LA, SF, Boston & New York, but San Diego is next tier. This effects rental rates, the value of rental properties how we manage San...
by Rick Thornton | Nov 21, 2018 | Investing in Apartments, Legal Update, California, Multi-Family Market, Property Management
Prop 10 – Local Rent Control Initiative Loses 60% to 40% Proposition 10 would have repealed the 1995 Costa -Hawkins Rental Housing Act. The actual text is here: Prop 10 Rent Control 2018 Text Costa-Hawkins prohibited rent control on newly construction...
by Rick Thornton | Nov 20, 2018 | Investing in Apartments, Multi-Family Market
In the spring of 1999 I wrote, “The early phase of a bull market in real estate presents a great opportunity to trade your current property up into a property of higher value.” This was and is sound advice. Here we are in 2020 and there are even more great reasons to...
by Rick Thornton | Apr 9, 2018 | Investing in Apartments, Property Management
This article was written in 1999. I will be updating it this year 2019. Often the most daunting task we face as property managers is increasing rents. I am not referring to the increases two and three years ago that all owner and managers enacted after the market...
