Category Archives: United States of America

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.

Washington State Reaches Milestone of 1k Active Winery Licenses

Washington State Reaches Milestone of 1k Active Winery Licenses

Major milestone for second largest wine producing state in the U.S. Washington state’s wine industry reached a major milestone by surpassing 1,000 active winery licenses, according to the Washington State Liquor and Cannabis Board (WSLCB). “To think about where we started and where we are today is absolutely thrilling,” said Steve Warner, President of Washington… Continue Reading

Apple to Build New Campus in Austin, Add Sites in Seattle, San Diego and Culver City

Apple to Build New Campus in Austin, Add Sites in Seattle, San Diego and Culver City

Major Expansion for Apple to Benefit Economies in Austin, Culver City, San Diego and Seattle:  Many Jobs to Be Added  Apple today announced a major expansion of its operations in Austin, including an investment of $1 billion to build a new campus in North Austin. The company also announced plans to establish new sites in… Continue Reading

Plastic Surgeons in Bellevue to Be Contacted with Offering of Social Media Services: Who Will Get BestPlasticSurgeryBellevue.com?

Starting in the next few days, we will be sending out the following email to a growing list of cosmetic surgeons in Bellevue, Washington.  Stacia would like to teach them the benefits of video marketing, specifically YouTube video marketing.  She is really good at coaching them along and in this project, we already have a… Continue Reading

Eastside Business Woman Named Finalist in 15th Annual Stevie® Awards for Women in Business

Seattle, WA – Oct. 4 – Whitney DeBerry is a Finalist for Employee of the Year – Business category in the 15th Annual Stevie® Awards for Women in Business. Ms. DeBerry, Digital Marketing Manager at Tresemer Group of Kirkland, WA, will ultimately be a Gold, Silver, or Bronze Stevie Award winner. The Stevie Awards for Women… Continue Reading

Colocation Northwest Expands Bellevue Data Center to One Megawatt

Bellevue’s Only Public Colocation Data Center Undergoes Significant Upgrade for Multi-Billion Dollar Video Game Publisher Colocation Northwest, a division of IsoFusion, a provider of Internet access and IT services in the Puget Sound region, announced today it has completed upgrades to its Bellevue data center to allow for one megawatt of service capacity.  The data… Continue Reading

White Bike Memorial in Del Mar for LA Detective Brian R Villa

White Bike Memorial in Del Mar for LA Detective Brian R Villa

White Bike Memorial on Torrey Pines for LA Detective Brian R Villa This morning while walking home from a nice long beach walk between Del Mar and Torrey Pines State Beach, Ava Kalea and I came across a white bicycle chained to a pole on the side of the bike lane heading south on Camino… Continue Reading

Core Inflation Slows to 0.1 Percent in August

Core Inflation Slows to 0.1 Percent in August

The core inflation rate slowed to 0.1 percent in August, its lowest rate since April. This brought the year-over-year inflation rate in the core index to 2.2 percent. A 1.9 percent jump in energy prices brought the overall rate to 0.2 percent in August and 2.7 percent over the last year. Core Inflation Slows to… Continue Reading

Cultural Conversations New Season

Cultural Conversations New Season

The new season of the city’s “Cultural Conversations” will kick off next Tuesday, Sept. 18, from 1 – 2:30 p.m. at the Crossroads Community Center located at 16000 NE 10th St. Cultural Conversations New Season The ninth season’s debut program is part of Bellevue’s “Welcoming America Week” celebration, a non-partisan nationwide initiative being held across… Continue Reading