Tag Archives: San Diego 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.

We Buy Fugly Houses Buys Fixers in San Diego and Nationwide

If you have a house or condo that needs updating, remodeling or serious repair – you should contact We Buy Fugly Houses. We Buy Fugly Houses will pay fast cash for your property in San Diego regardless of condition. You will get top dollar, a quick, painless closing and will not have to do a… Continue Reading

A New Day Real Estate Now Hosted by SiteGround

A New Day Real Estate Now Hosted by SiteGround

It is with special pleasure that I get to announce that SiteGround is now the web host for A New Day Real Estate and ANewDayRealEstate.com. With SiteGround, A New Day Real Estate has a fully reliable web hosting service, with great customer service and really fair pricing. A New Day Real Estate can now have… Continue Reading

Toddler Car Seat Stolen at Del Mar Villas February 8, 2018

I seriously cannot believe it, but someone stole my 17 month old daughter‘s car seat from our carport in the Del Mar Villas.  It was a Mini Mouse themed car seat which works as both rear-facing and front-facing.  Not super expensive – but it was our only one …. To whomever stole the MiniMouse car… Continue Reading

At Del Mar Villas: Signs, Signs, Everywhere There’s Signs

If there is one thing that Del Mar Villas management is good at, it would have to be putting up signs.  Signs of all kinds – some of them are printed, but many of them are handwritten …  The latest sign, er ‘signs’ (there’s 4 copies taped to the walls and doors within 20 feet… Continue Reading

Sign Up for the New Del Mar Villas E-Newsletter!

All residents and condo owners at Del Mar Villas are invited to sign up for the all new (and unofficial) Del Mar Villas e-newsletter at DelMarVillas.re, which will include hyper-local news, classifieds and maybe even some events. Everyone is invited to submit news,  information or free classified ads – including units for sale or rent.… Continue Reading

Del Mar Villas Condo Owners Association Annual Meeting September 6, 2017 (Updated)

Del Mar Villas Condo Owners Association Annual Meeting September 6, 2017 (Updated)

Del Mar Villas Condo Owners Association Annual Meeting to Be Held September 6, 2017 There has been a notice posted around the Del Mar Villas complex saying that the Del Mar Villas Condo Owners Association Annual meeting will be held on Wednesday September 6, 2017 starting with Phil’s BBQ dinner from 5:30-6:30 pm at the… Continue Reading

Don’t Bother Getting Your Car Washed if You Live at Del Mar Villas

If you live at the Del Mar Villas, don’t bother getting your car washed – the maintenance guys will make sure to blow dirt over it the next day …. I’ve complained about this several times, but still the same, they continue to blow all the parking lot dirt all over freshly washed cars.  #thissucks… Continue Reading