Category Archives: Residential Real Estate

Rents Already Dropping Like a Rock, Home Values to Follow

Rents Already Dropping Like a Rock, Home Values to Follow

According to an article posted the other day on the Los Angeles Fox 11 newsite at FoxLA.com, rents are already dropping in the Los Angeles region due to the effects of the Corona Virus or Covid-19. Over two weeks ago, shortly after the first stay at home order, I predicted that both rents and property values would be dropping very quickly.

The last line in their article is extremely telling:

“But for now, if your rent is not going down, you may want to talk to your landlord or look around for a better deal, because you may get it.”

Over 10 days ago, I wrote my first email asking a landlord for either a suspension of rent or a reduced rate. They came back with a “COVID-19 Hardship Consideration” form, which was obviously drawn up by the attorneys for the Southern California Rental Housing Association (and revised or drawn up, the same day 3/31/20).

This Covid-19 Hardship Consideration form, makes zero concessions except for considering to provide ‘accommodations’ for reduced rent until the eviction moratorium is lifted at which time the full amount of the rent would be due or the tenant would face eviction. They fail to recognize that due to the Stay at Home Order, many people have lost their entire incomes and in many cases, their jobs.

What landlords need to realize is that their properties are not worth the rental income they were getting even one month ago …

They are going to be finding very quickly that they will not be able to continue to charge rents like they were in 2019 and beyond. Rents will be dropping FAST and landlords should be contacting their lending institutions to get their payments deferred or contracts renegotiated. Some may choose to walk away. Many will be hearing from their tenants who will be choosing to do the same.

If you are a tenant or a landlord who needs help negotiating and coming up with creative, mutually beneficial ways to get through this crisis and stay in your home, please give me a call. I can – and want to, help.

Houston’s Aliana Master-Planned Community Ranked Top 30 in US Sales

Houston’s Aliana Master-Planned Community Ranked Top 30 in US Sales

Aliana, a 2,000-acre master-planned community located in Richmond, TX announced today it has been ranked in the Top 30 in sales nationally for master-planned communities (MPCs) by real estate consulting firms RCLCo and John Burns. Aliana sold 430 new homes in 2018, ranking it fifth in the state in new home sales. Continue Reading

San Diego Start-Up We Buy Fugly Houses Seeks Fixers All Over San Diego County

We Buy Fugly Houses Breaks into San Diego Fix and Flip Real Estate Market We Buy Fugly Houses (online at www.WeBuyFuglyHouses.re), a San Diego-based real estate start-up, is building out a nationwide real estate investors network, beginning with a focus on buying, remodeling and flipping houses, condos and apartment buildings all over San Diego County. Continue Reading

Trumark’s Wallis Ranch Named “Master Planned Community Of The Year” At PCBC 2017 Gold Nugget Awards

Trumark Communities recently announced that Wallis Ranch, the 184-acre master planned community in Dublin, CA, was named “Master Planned Community of the Year” at the 54th Annual Gold Nugget Awards presented by PCBC, the largest annual homebuilding trade show in the Western United States.  The awards gala, held on Thursday, June 29, 2017, marks Trumark’s trifecta… Continue Reading

You Are a Powerhouse – Now Put It to Good Use

By Samantha DeBianachi  What do you do once you have broken the glass ceiling? Women everywhere are achieving far beyond what was thought possible not too long ago. For women, there is some work yet to be done, but in the business arena women are making names for themselves as serious power-players. Once you achieve… Continue Reading

Wounded Warrior Project Connects Veterans to Housing Benefit Resources

Real Estate Assistance Available for US Veterans Purchasing a house can be a daunting process, especially for those unsure about how to use home loan benefits from the Department of Veterans Affairs (VA). During a recent Wounded Warrior Project (WWP) program event, a group of injured veterans learned about getting the most from their benefits while… Continue Reading