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Sep 02
2010

Real Property Management & Re/Max Join Forces to Dominate!

Posted by edgar in SANTA MONICA , RPM RE/MAX , Rent , REMAX REAL ESTATE , Real Property Management , Los Angeles  , JOIN FORCES , HUGE ALLIANCE , Beverly Hills

Real Estate and Property Management Leaders Form Strategic Alliance

September 1st 2010 by RE/MAX

Denver, CO - August 13, 2010 - (RealEstateRama) — For the first time, a major real estate franchisor and the country’s largest property management franchisor are joining forces to assist renters, distressed homeowners and investors.  The historic alliance is a two-way strategy that allows industry power houses, Real Property Management (RPM) and RE/MAX, to efficiently exchange property and client referrals.

As the housing market continues a gradual recovery, more investors are taking advantage of a growing inventory of distressed properties, while some cautious consumers are choosing to rent a home before they buy.   Through the new agreement, RPM will connect RE/MAX agents with investors ready to sell and, in turn, RE/MAX agents will recommend clients to RPM who are ready to rent.  RE/MAX agents may also refer properties to RPM for management.

“Record numbers of foreclosures, high unemployment and stricter lending practices have resulted in lower homeownership rates,” said RE/MAX Chairman and Co-Founder Dave Liniger during opening remarks Monday at the annual RE/MAX Broker Owner Conference in Denver this week.  “RE/MAX agents need to provide the best solution for each of their clients and, for many, home ownership may still be a few years away.”

Distressed properties account for nearly half of today’s U.S. home sales,   and investors represent a fifth of current buyers.  That means trained real estate professionals need to redirect their marketing efforts to address the needs of a changing homebuyer demographic.

“This cooperative agreement has significant benefits for consumers, investors, loan servicers, renters, RE/MAX agents and our franchisees,” said Kirk McGary, President of Real Property Management.  “RE/MAX and RPM are joining forces to offer the highest quality of service to consumers, while providing an effective solution to the increasing number of distressed properties on the market.”

Based in Layton, Utah, RPM doubled in size in 2010 to more than 200 offices that manage tens of thousands of properties for national loan servicers numerous banks, private lenders and individual investors.

RE/MAX and its internationally acclaimed RE/MAX University will create customized training and communications programs to ensure that participating professionals are equipped to provide their clients with the highest quality service.

“The technical capability to simultaneously connect with thousands of franchisees within both organizations is a tremendous advantage,” said Mike Ryan, Senior Vice President of Media and Training at RE/MAX.  “Also, real-time updates will provide transparency and offer an invaluable resource to lenders and servicers.”

To facilitate the implementation of the new alliance and deliver the most efficient service, RPM has created an interactive online portal where agents and property managers can make their referrals and track the progress of all transactions.

About Real Property Management:
Real Property Management has a refreshing and unique approach to property management.  Our model includes web-based property management systems, cost effective practices, streamlined operational procedures and comprehensive marketing strategies that get results.

What started out in 1986 as a single property management office in Layton, Utah has become the national leader in the property management industry.  Currently with over 200 locations throughout the US and Canada, RPM continues its rapid growth and is opening new locations each week.  We currently manage over tens of thousands of properties in over 40 different states.

For information on Real Property Management, please visit:  www.realpropertymgt.com

RPM-RE/MAX is set to dominate the future of Real Estate. Contact us your local Southern California, Real Property Management, located in Beverly Hills, 468 N. Camden Dr. 2nd Floor, Beverly Hills, Ca. 90210 call mon-fri 9-5pm 310.858.5514 or www.rpmwestside.com

About The RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger.  From a single office in Denver, Colorado, it has grown into a global network of nearly 100,000 Sales Associates in more than 75 countries, an international presence greater than any of its competitors.  Nobody in the world sells more real estate than RE/MAX.

RE/MAX has been recognized as the leading real estate franchise in the “2009 Franchise Times Top 200,” and has also been honored as the top real estate franchise for nine of the last 11 years in “The Franchise 500 Survey,” published by Entrepreneur magazine.   Today, all U.S. home listings in thousands of cities and towns can be found at www.remax.com, the most visited real estate franchise web site. (Compete.com, Hitwise, ComScore for 6-month period through April 2010)

RE/MAX is proud of its Premier Community Citizenship, which has raised over $100 million for deserving organizations like Susan G. Komen for the Cure®, Children’s Miracle Network and The Sentinels of Freedom Foundation.

RPM-RE/MAX is set to dominate the future of Real Estate. Contact us your local Southern California, Real Property Management, located in Beverly Hills, 468 N. Camden Dr. 2nd Floor, Beverly Hills, Ca. 90210 call mon-fri 9-5pm 310.858.5514 or www.rpmwestside.com

Jul 19
2010

Credit Scores sink to new lows

Posted by edgar in Real Property Management , Property Mangement News , LA Times , Good Credit , Fico , Credit Scores , Bad Credit

Credit scores sink to new lows

About 25.5% of Americans had credit scores below 600 in April, according to FICO Inc. Historically, only about 15% of consumers have had scores below that level.

By Shan Li, Los Angeles Times

July 12, 2010 | 3:44 p.m.

Battered by unemployment and tighter lending standards, the credit scores of millions of Americans are sinking to new lows. About 25.5% of consumers — or 43.4 million people — had credit scores below 600 in April, according to FICO Inc. Historically, only about 15% of consumers — or 25.5 million — have had scores below that level, FICO said.

Consumers with low credit scores will have increased difficulty obtaining credit cards and other loans, said Christian deRitis, director of credit analytics at Moody's Analytics.
A high national unemployment rate — 9.5% in June — has helped drive down scores, DeRitis said. "Delinquencies are on the rise. People out of work are not making payments on debts, and that negatively impacts their scores," he said.

Many people also have high credit balances when compared with the total amount of credit available to them, DeRitis said. This trend, when combined with an inability to acquire more credit, has served as a "double-edged sword" for the economy, he said
Those in the middle of the spectrum have also declined. Moderate credit scores, between 650 and 699, fell to 11.9% from a historical average of 15%.

The distribution of credit scores tends to shift during recessions, said Craig Watts, spokesman for FICO Inc. "Our experience has been that when a two-income family turns into a one-income family, people have to prioritize which bills to pay, and some bills aren't paid," Watts said.
As consumers have had difficulty getting more credit, the pace of the economic recovery has slowed."It's a bit of a vicious cycle," DeRitis said. "The threshold of good and bad credit has been raised as lenders rush to safety. That depresses spending, which negatively impacts the economy overall."

On a bright note, the percentage of consumers with high scores of 800 or above has risen. Those with pristine records are at 17.9%, well above the historical average of 13%, although slightly down from the 18.7% in April 2008.The economic downturn has made people more aware of how important it is to lower personal debt, DeRitis said. Those who are still employed and receiving regular paychecks have decreased spending and paid down loans, he said. This trend will ultimately have long-term benefits for the economy, but short-term recovery will be sluggish.

"In the long run, it's best to have consumers who are managing debts in a sustainable way," DeRitis said, "unlike the boom-and-bust cycle we've seen in the past." But as unemployment nationwide continues to hover near 10% and unemployment insurance benefits run out for those out of work, the immediate outlook is gloomy."Until the labor market turns around, people will remain unable to pay bills," DeRitis said. "Lowered consumption will only add extra friction to the economy." The calculation for FICO scores considers two factors: how consistently bills are paid and how much available credit is in use. Slow or delinquent payments and high amounts of debt result in lowered scores.

shan.li@latimes.com

Copyright © 2010, The Los Angeles Times

Jun 12
2010

LA's local Farmers Markets

Posted by edgar in West LA , Real Property Management , Los Angeles Farmers Market , Local Farmers Market , Farmers Market , blog



Fresh From Your Farmers' Market

Why you should support your local Farmers’ Markets:

1) Many of the farms use sustainable agricultural practices.

2) Money goes back in to your community.

3) The food is organic, thus pesticide free.

4) The produce is super fresh.

5) Less packaging is involved.

6) The distance the food travels is exponentially less than the distance food travels to super markets:

According to an article titled, "Eat Locally and Ease Climate Change"
written by Lloyd Alter, on Planet Green: “A full tractor-trailer hauls about 32,000 pounds of produce. On average...this food travels about 1,750 miles from farm to market, in trucks that get about 5.5 miles per gallon. That's 320 gallons of fuel to transport 32,000 pounds, or about a gallon of fuel for every 100 pounds of food."

Side note: Do not be alarmed if you come across a stand or two (or even more) that do not have a “Certified Organic” sign hanging in their tent. It can be expensive getting certified so some farmers opt not to, but still practice organic and sustainable farming. You should, however, inquire if they use pesticides and such in their farming, just as a precaution.

Check out the guide (below) to find Farmers’ Markets around the L.A area:*

Mondays:

West Hollywood Monday Farmers’ Market
9am-2pm
Plummer Park - N. Vista and Fountain Ave
323-845-6535

Tuesdays:

Woodman Avenue Market
3pm-8:30pm
14006 Riverside Drive Sherman Oaks, CA 91423
(866) 966-9495

Made an impromptu stop here on my way home one day. Great selection of fresh/ripe veggies. Not as many fruit vendors as I would like, but there are lots of craft boutiques.

Culver City Certified Farmers’ Market
3pm-7pm
Main & Culver, Culver City
310-253-5775
http://www.downtownculvercity.com/newpages/farmersmarket.shtml

Wednesdays:

Santa Monica Wednesday Farmers’ Market
8:30am-1:30pm
Arizona Ave & 2nd Street
310-458-8712
http://www01.smgov.net/farmers_market/wednesday.htm

Northridge Farmers’ Market And Family
5pm-9pm (April-October)
Northridge Fashion Mall (between Macys and Borders)
9301 Tampa Ave
Northridge, CA 91324
805-643-6458

Hollywood Lemon Grove Farmers’ Market
10am-2:30pm
4959 Lemon Grove Ave @ Hobart Blvd.
323-463-3171

“The Hollywood Lemon Grove Farmers' Market is a certified farmers' market that opened on June 18, 2008. It is replacing the market formerly located in the Sears parking lot (known as the Hollywood-Sears Farmers' Market). The new market offers a variety of fruits and vegetables as well as nuts and dried fruits. In addition to a great selection of fresh produce, the market hosts events for children and adults including healthy cooking demonstrations, tastings, a salsa contest, Spring into Health activities, free raffles, live music, craft workshops and pumpkin carving for kids.

The market is open year round. The Hollywood Lemon Grove Farmers' Market proudly accepts EBT/Foodstamps and WIC/Senior FMNP coupons.”


Thursdays:

Westwood Farmers’ Market
12pm-6pm
Vets Garden, Westwood
310- 861-8188

“At the Westwood Farmers Market, at the Vet's Garden at the VA, the emphasis is on real farmers and on gourmet, hard to find foods. The market features more than thirty farmers and food vendors in a beautiful garden setting, plus plenty of shade, and lots of free parking! The market will serve farmers and consumers, and also the Vets Garden, which helps veterans with rehabilitation, training, and employment programs. Come to the garden to enjoy lunch or dinner, listen to music, and bring home your fruits and vegetables.”

Went here to buy food for my Green BBQ. The surroundings were quite pleasant: there is a garden to walk through and eat in while you listen to live music.

L.A. La Cienega Farmers’ Market
3pm-7pm
South La Cienega Blvd and West 18th Street, Los Angeles
562-495-1764

Century City Certified Farmers’ Market
11:30am-3pm
1800 Avenue of the Stars, Century City 90067
818-591-8161

Glendale Certified Farmers’ Market
9:30am-1pm
100 block of North Brand Blvd.
Between Broadway and Wilson
818-548-3155
http://www.downtownglendale.com/farmersmarket.html

“The Glendale Farmer's Market features everything from fresh-baked breads, farm-fresh vegetables and fruit, to honey, nuts, flowers, and plants. Some of the produce sellers offer organically grown produce so look for signs or ask the sellers for details about their growing methods.”

Fridays:

Venice Farmers’ Market
7am-11am
Venice Way & Venice Blvd
310-399-6690
http://www.venicefarmersmarket.com/

Echo Park Farmers’ Market
3pm-7pm
Parking Lot #663 on Logan Street, south of Sunset Boulevard
323-463-3171

“The Echo Park Farmers’ Market opened on October 13, 2006 and features quality locally grown seasonal fruits and vegetables.

As with all SEE-LA’s markets, WIC (Women, Infant, and Children) Farmers’ Market Nutrition Program checks and EBT/Food Stamps are accepted."


Saturdays:

Santa Monica Pico Farmers’ Market
8am-1pm
Virginia Ave. Park (Pico & Cloverfield Blvd)
310-458-8712
http://www01.smgov.net/farmers_market/pico.htm


Santa Monica Saturday Organic Farmers’ Market
8:30am-1pm
Arizona Ave & 3rd Street, Santa Monica
310-458-8712
http://www01.smgov.net/farmers_market/saturday.htm

Burbank Farmers’ Market
8am-12:30pm
3rd St & Orange Grove (City Hall Parking Lot)
626-308-0457
http://www.burbank.com/farmers-market.php

“For the freshest fruits, vegetables and flowers, visit the Farmer's Market in Downtown Burbank, California every Saturday morning. Whether you are looking for fresh produce or organic foods, the Burbank Farmer's Market has a huge assortment of great products grown and made locally.

With farmers representing areas throughout Southern California, you can pick anything up from the standard vegetables and fruits to flowers, honey, breads, nuts, herbs and many more great treats.”

Old Town Calabasas Certified Farmers’ Market
8am-1pm
23504 Calabasas Rd.
Woodland Hills, 91364
(Calabasas Road & Mulholland Drive)
818-591-8161
http://www.cityofcalabasas.com/farmersmarket.html

L.A. Silver Lake Certified Farmers’ Market
8am-1:30pm
3700 Sunset Blvd
Between Edgecliff Dr & Maltman Ave (intersection of Griffith Park Blvd)
323-661-7771
http://www.sunsetjunction.org/farmersmarket.html

“Get the freshest vegetables and fruits directly from the original growers! Most items are organic produce and non-sprayed. We have apples, oranges, Asian pears, berries, nectarines, peaches, grapes, plums, limes, avocadoes, pomegranates, spinach, tomatoes, cucumbers, chilies, cauliflower, potatoes, asparagus, lettuce, onions, baby lettuce, Asian vegetables, cabbage, eggs, plants, orchids, the best flowers and more.

We also have pita bread, French crepes & Shawarma, fresh bread, gourmet tamales, dried fruit, fresh imported roasted coffee, tropical fruit, fresh from the farm natural juice, pupusas, Fresh Farmers' Market made Salads, fish, cheese & olives, pies, flan & herbs, pre-packaged Korean foods, Pizza, Empanadas, and sugar-cane juice & coconuts.

The market also features Arts and Crafts, including jewelry, incense, clothing and more.”

Sundays:

Santa Monica Sunday Farmer’s Market
9:30am-1pm
2640 Main Street. (Ocean Park & Main St.)
310-458-8712

Pacific Palisades Farmers’ Market
8am-1pm
1037 Swarthmore Avenue
Pacific Palisades, 90272
(Between Sunset Blvd. and Monument)
818-591-8161

Beverly Hills Certified Farmers’ Market
9am-1pm
9300 block of Civic Center Drive, Beverly Hills
(310) 550-4796
http://www.beverlyhills.org/attractions/market/default.asp

“The Beverly Hills Farmers' Market is a weekly outdoor certified market which provides the community with the finest of California-grown, fresh and seasonal fruits and vegetables, juices, breads, specialty items and more in a festive outdoor street setting.”

Brentwood Certified Farmers’ Market
Gretna Green & San Vicente, Brentwood
9am-1pm
(818) 591-8161

Obviously a favorite of mine. See:
Pluots & Strawberries & Raspberries OH MY!

Melrose Place Certified Farmers’ Market
9am-2pm
Melrose Place & Croft, Los Angeles
818-591-8161

Studio City Certified Farmers’ Market
8am-1pm
Ventura Place & Ventura Blvd., Studio City
818-655-7744

West L.A. Certified Farmers’ Market
9am-2pm
1645 Corinth Ave., Los Angeles
310-281-7855

Encino Certified Farmers’ Market
8am-1pm
Victory Blvd & White Oak, Encino
818-708-6611

“Encino Farmers Market is a fun way for every one in the family to spend time together for shopping, food and fun! The market is open year round on Sundays from 8:00 a.m. until 1:00 p.m. at 17400 Victory Blvd. (between White Oak and Balboa) with plenty of convenient parking.

We are a certified farmers market, featuring a great variety of California grown fruits, vegetables, fresh flowers, eggs and chicken, honey, mushrooms, plants, and more! During the peak months between May and November, about 40 farms from all over central and Southern California participate.”

Hollywood Farmers’ Market
8am-1pm
Ivar and Selma Avenue between Hollywood and Sunset Blvd.
323-463-3171
Parking: Cinerama Dome: $2 for first 2 hours with Market Validation (entrance at Ivar & Delongpre). Metered Parking: Check Parking Enforcement signs. Some meters FREE until 11AM on Sundays. Doolittle Theatre: Limited free parking. LA Film School: $2 parking; at NE corner of Ivar & Sunset

“The Hollywood Farmers' Market is a "certified" open-air street market with approximately 90 farmers, 30 local artisans, and 30 baked goods and prepared food vendors who sell their own products every Sunday. It is a direct-to-consumer marketplace with all produce and products from local, California vendors and growers.

Besides offering a fantastic variety of the freshest California-grown fruits and vegetables, the Hollywood Farmers' Market has increasingly become a destination shopping venue. Other products include honey, fish, free-range poultry and eggs, bison meat, gouda cheese, olives, mushrooms, sprouts, jams, jellies, fruit juices, specialty sauces and dips, dried fruit and nuts, an espresso cart, Mexican, Caribbean, Middle-Eastern and many other ethnic foods prepared at the market, hot crepes, breads, cookies, clothing, jewelry, gifts and so much more.

The Hollywood Farmers' Market also hosts street musicians every Sunday as well as local nonprofit community organizations and free special events for the community including chef demos, cookbook signings, tastings, children's craft workshops, and family-oriented festivals. Free helium balloons for children, recipes and other information in addition to Hollywood Farmers' Market t-shirts, aprons and bags are available at the Information Booth at Ivar and Selma Ave.

Accepts food stamp/EBT cards and WIC & Senior FMNP."

*Please note: the day, time and location for any given Farmers’ Market are subject to change.

Farmers' Market Information from:
http://www.farmernet.com/


Jun 01
2010

Water $8% More in L.A. ?

Posted by edgar in Water Tax , Property Management , Los Angeles  , LA Water , DWP , blog , 8%



L.A. water rates could rise by 8% this year, DWP manager says

June 1, 2010 |  5:18 pm

Customers of the Los Angeles Department of Water and Power could see water rate hikes of up to 8% in the coming year, the utility’s top executive said Tuesday.

DWP Interim General Manager Austin Beutner said his budget plan for the nation’s largest municipal utility would likely result in increases for the typical residential water customer of 4% to 6%. Those who use greater amounts could see rate hikes of 7% to 8%, he said.

Beutner, who also serves as Mayor Antonio Villaraigosa’s first deputy mayor and jobs czar, will ask the DWP board to approve his proposed budget when members meet June 15. At least a portion of the proposed water rate increases will be presented to the five-member board in October, with a vote by the City Council scheduled for the following month, according to a budget report.

The proposal comes a few months after Villaraigosa and the council engaged in a bruising standoff over proposed increases in electric rates. At one point, the mayor’s appointees at the DWP threatened to withhold $73.5 million from the city’s budget unless the council approved their package of rates.

 

Beutner said that the DWP would be able to make a $257-million transfer requested by the council as part of this year’s general fund budget. He also said money from the upcoming water rate increase would help the DWP comply with water quality regulations and pay for repairs to its aging equipment and buildings, such as trunk lines and pumping stations.

While those rates are expected to go up, Beutner said the utility is trying to scale back a proposed series of electricity rate hikes originally planned for the 2010-11 fiscal year.

In February, DWP officials said they would need four consecutive electric rate hikes –--between 21% and 22% for business customers and 9% and 28% for residential customers, depending on where they live and how much power they consume. Beutner said his plan for electric rate hikes would be unveiled in two weeks.

The DWP has 1.4 million electricity customers and nearly 666,000 water customers.

Beutner’s proposed budget trims expenses by $263 million, with some of the savings coming from a reduction in construction contracts and energy efficiency programs, as well as a hiring freeze on nonessential employees.

“None of the cuts will impact the reliability, safety or the quality of the service,” Beutner said.

Beutner said he is also looking for ways of selling, leasing or developing some of its vast real estate holdings over the coming years.

-- David Zahniser at Los Angeles City Hall

*Note to property owners this could cut into your bottom line if you pay for water and trash services on your rentals & investment propertys.

May 31
2010

Thank you, Memorial Day!

Posted by edgar in Thank you , Memorial Day , Happy Memorial Day


THANK YOU!

May 22
2010

White House Home Improvements Cost $376 Million!?

Posted by edgar in The White House , Remodel of the century , Real Property Management , Home Improvements , blog , 376 million

Home Improvement at the White House: $376 Milion

Updated: Saturday, 22 May 2010, 12:34 PM PDT
Published : Saturday, 22 May 2010, 12:34 PM PDT

NEWSCORE - The White House welcomed construction crews early Saturday morning local time to launch a $376 million, four-year renovation project, the largest improvement plans on the executive mansion in more than 50 years, Bloomberg News reported.

"This is the biggest upgrade since the complete renovation of the executive mansion in the Truman era," Bob Peck of the General Services Administration told Bloomberg News Friday.

Upgrades will include a new heating, cooling, electrical and fire-alarm systems for the East and West Wings.

The price tag is more than 100 times the total cost of building the White House in the 1790s, Bloomberg reported. Congress approved funding for the project in 2008.

May 09
2010

L.A. Doesnt want to pay for sidewalks

Posted by edgar in taxes , sidewalks , Los Angeles  , LA Sidewalks




L.A. May Push Sidewalk Repairs On Residents

LOS ANGELES (AP)

Los Angeles could soon end its policy of repairing sidewalks and driveways warped and mangled by tree roots, leaving the work and cost to homeowners.
 
The City Council this month will consider ending the ordinance passed in 1974 that made the city responsible for the damages. The policy was initiated because of a federal grant that is long spent, and the cash-poor city says it can't continue. "We have no ability to perform these repairs," Councilman Bernard C. Parks, chairman of the council's budget and finance committee, told the Los Angeles Times for a story published Sunday.
 
"The money ran out in the mid-1970s, yet the city has continued to hold itself responsible." The city has spent about $95 million to replace 550 miles of sidewalks since 2000. It also spends between $3 million and $5 million annually to settle lawsuits from those who are hurt on damaged sidewalks, and that liability could also fall partly to property owners. The real estate industry and many homeowners are planning to fight the move. "It is patently unfair for the (city) to push this forward," said Mel Wilson, housing advocate for the Southland Regional Association of Realtors. "This has not been given a full airing, and people are going to be upset." Before the ordinance passed, the city would cite homeowners whose sidewalks were twisted or crumbling, and if the repairs weren't promptly made would do the work themselves and bill the residents. The city used federal funds for the work from 1974 until 1978, when the grant ran out. In 2005 the city began a cost-share program where residents willing to foot half the bill could move to the front of the line for repairs, but funds for that program ran out last year. The proposal under consideration suggests that the city wait a year between noting damaged sidewalks and compelling homeowners to fix them to ease the burden, but the ordinance could still prove hard to sell to homeowners. Palms resident Ahnjel Ali said she shouldn't be responsible for the magnolia tree that has made her sidewalk buckle. "I didn't put the tree there," she said. "I shouldn't be footing that bill."

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

May 07
2010

To Rent Control or Not

Posted by edgar in Rent Increases , Rent Control , LA Weekly

L.A. Council Moves To Cap Increases On Rent-Controlled Apartments

Thumbnail image for dingbat apartment.jpg


The Los Angeles City Council on Friday voted to move forward with a three-month cap on rate hikes for those who live in rent-controlled apartments. The 8-6 vote sends the ordinance to the City Attorney's office for drafting, with a final vote expected in two weeks.

If passed, the move would keep rent-controlled units at their current rates from July 1 to Oct. 31. Some on the council had argued that the city's high unemployment and struggling economy made such hikes a burden for many working families.

City rent control applies to rental units built before 1978. As it is, landlords are allowed to raise rates a maximum of three percent each year. Those hikes, however, are outpacing the Consumer Price Index, which stands at about zero, meaning some rent-control tenants were seeing rent increases that were higher than the price hikes over most other consumer products.

The council on Friday pushed for an exemption for "mom-and-pop" buildings that have five or less units, although some critics said that loophole would lead to confusion and illegal increases. (Via: twitter.com/LAWeekly

May 04
2010

Tips For Your Rentals First Impression

Posted by edgar in Tips on cleaning , Rental first impression , How to clean , For Rent , For Lease , Clean Apartment , Bevelry Hills Property Management Company

Tips for pre-lease cleaning

By Steven (via www.rentals.com)

One of the first things most prospective tenants notice is how clean the rental home is, so don’t leave that first impression to chance. A clean rental home implies good maintenance and reliability on the part of the landlord and the tenants who’ve come before, setting a precedent to respect the property. Here are some tips on how to be sure you send the right message to your perspective tenants.

Hire a professional

Using a professional cleaning service is often a necessity for landlords with more than one property, but in any case, having someone else do the work is often an invaluable time saver. Always check references and get referrals from other property owners so that you hire a reputable service. Whether your previous tenants did a super cleaning job before they left or not, make sure to ensure the following areas are clean before you show your rental home to prospective tenants.

Floors

Dirty carpet can be an immediate turn off to a tenant, so have carpets cleaned by a service or with a rentable unit from a home improvement store. If tiles in the floor are cracked or missing, replace them and repair obvious hard wood damage. All uncarpeted floors should be thoroughly cleaned and swept.

Walls and ceilings

Dingy paint is another depressing sight for potential renters, so if it’s been a while since the walls have had a fresh coat, now is the time. Also be sure to repair any nail holes or gashes left by previous tenants.

Address any water stains in the ceiling by making repairs if necessary and painting over. Also make sure all ceiling bulbs are working and that light fixtures are dusted.

Windows

Clean all windows inside and out and make sure that the locks and screens all work properly. If your property comes with window treatments, they should be clean and in good working order.

Vents

Check the vents in each room to make sure they are working properly. Also, all intake and room vents should be free of dust.

Appliances

Do a thorough scrub of all kitchen appliances, including the oven and range, refrigerator and dishwasher if there is one. Also wipe down the exteriors of the washer/dryer if they are present.

Cupboards and closets

Make sure that all storage space is free of the previous tenant’s belongings and is wiped down, swept or vacuumed.

Tub and shower

Nothing says neglect like a mildewed bathroom. Be sure that all grout is scrubbed and reapplied, if necessary. Get the bathtub and shower as clean as possible, install a new shower curtain and consider replacing or resurfacing if needed. Toilets and sinks should also be thoroughly cleaned.

Outside

Even if yard maintenance will be the responsibility of your new tenant, start them off with a mowed lawn, clean porches and a carport/garage free of any extraneous items left by you or earlier tenants.

Be sure that your prospective tenant’s first experience with your rental property is one that leads to them to say, “I’ll take it!” Having a clean rental home is a major part of curbside appeal and lets your tenants know that you care about your house and expect them to do the same.

Apr 20
2010

The Westside Corridor

Posted by edgar in Real Property Management Westside , Real Property Management , LA Times , Beverly Hills Property Management , Bevelry Hills Property Management Company


Streets of gold: L.A.'s most desirable addresses

The Westside corridor from Beverly Hills to Malibu boasts one of the world's great concentrations of premier residential estates.

Call it A-List Los Angeles.

L.A. County has plenty of high-end neighborhoods, from Palos Verdes Estates to Pasadena. But when it comes to finding the best mansions in town, there's still nothing quite like the golden corridor from Beverly Hills to Malibu.

This Westside area boasts one of the world's great concentrations of premier residential estates. The highest-price home transaction ever in California took place in this territory: the 2000 sale of an 8-acre Bellagio Road estate in Bel-Air by Dole Food Co.'s billionaire owner, David Murdock, to financial executive Gary Winnick in a $95-million deal.

Bellagio is one of a dozen streets that are among the most sought-after addresses, say veteran real estate brokers. Here's a look at these streets and why they are so coveted.

* Mapleton Drive, Holmby Hills. Home to the Playboy Mansion, Mapleton gets rave reviews for the quality and size of its properties, some of which back up to the fairways of the Los Angeles Country Club.

Arthur Letts Jr., who owned Broadway and Bullock's department stores, was instrumental in developing Holmby Hills in the 1920s. Letts picked Mapleton to be the best street and the site of his own residence, according to Jeffrey Hyland, president of Beverly Hills-based brokerage Hilton & Hyland and author of "The Legendary Estates of Beverly Hills."

Today the Letts estate is the home and famed party site of Playboy magazine founder Hugh Hefner. The street has what Hyland called "a perceived value."

"A buyer feels more comfortable where everything around is already established and well in the double digits," he said -- double-digit millions, that is.

* North Carolwood Drive, Holmby Hills. Just around the corner from Mapleton, North Carolwood has been the address of a stream of stars including Tony Curtis and Sonny and Cher. Gregory Peck's longtime home was sold in 2004 for about $22 million. Michael Jackson rented on the drive at the time of his death.

At 2 to 4 acres, these are some of the biggest parcels on the Westside. Like other premiere streets, North Carolwood has a uniformity of prices, homes and lot sizes that well-heeled buyers like. "If you just bought your home for $20 million and you see other homes that look like your $20-million investment, you feel good" about your neighborhood, said Drew Mandile of Sotheby's International Realty, Beverly Hills.

* Pacific Coast Highway, Malibu: OK, so it's a highway, not a street. But this busy thoroughfare is the street address for a cluster of homes along Carbon Beach owned by the likes of DreamWorks co-founder David Geffen, restaurateur and Hard Rock Cafe chain owner Peter Morton and Oracle co-founder Larry Ellison.

Called Billionaire's Beach, the line of oceanfront properties has protection from housing market changes because the owners never have to sell, said Stephen Shapiro, co-owner of Westside Estate Agency in Beverly Hills. "It's like a private club, but they don't have meetings."

* Malibu Colony Drive, Malibu. Gates, 24-hour security and views of the Pacific make the street desirable, said Joyce Rey, who heads the estates division of Coldwell Banker Previews International. "It's a pretty exclusive enclave," the Beverly Hills-based agent said.

But the lots and houses, once cottages used as weekend places, are smaller than properties along Carbon Beach, which has "big, magnificent homes," Hyland noted.

Of course, even the best streets have some drawbacks.

Pacific Coast Highway can become clogged with traffic; Mapleton -- with its Playboy Mansion -- is a regular stop on bus tours; and North Carolwood is a hot spot for sightseers.

The corners of Carolwood and Sunset and nearby Baroda Drive and Sunset have been staked out by three generations of the Hot Star Maps family since 1936.

Linda Welton, who has been selling the maps for 21 years, said she feels the Carolwood residents have come to accept and even appreciate her presence -- her mother and maternal grandfather having paved the way.

Michael Jackson's security people asked for one of her maps, then another, which they later returned with his autograph, she said.

These days Dr. Phil stops by to say hello.

"Once David Hasselhoff wanted to know how to get to David Beckham's house," she said.

Standing up straighter with a mock-stern expression, Welton recounted her response: "Are you expected?"

lauren.beale@latimes.com

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