construction workers in the sunset

by Jodi Summers Why are Los Angeles multifamily properties the top investment choice among U.S. investors Robust  job  creation  and  economic  growth in Los Angeles County have created a vigorous  demand  for  multifamily  housing.  Overwhelmingly, residents are  choosing  to  rent  over  homeownership because of  the  extreme cost  of  a  single-family  home.  As a result, vacancy […]

boomer stampede

by Jodi Summers Amazing statistic about aging… approximately 10,000 people a day will be turning 65 through 2030. That age group – seniors – will grow to 88 million…and they are in motion. More than half of all homeowners are 55+, and they accounted for more than a quarter of homeowner moves in 2014. As […]

senior lliving

by Jodi Summers Greening units for Baby Boomers simpler than greening space for Millennials. In the 60+ crowd, green means more efficient. As boomers approach retirement, many are looking to make smart financial moves, so it’s not just a matter of green living, it’s about and being more efficient with the use of their dollars. […]

los angeles renter

by Jodi Summers If you own income properties in L.A., you’re enjoying escalating rents; compared to your tenants, you’re really lucky. In 2015, around the Los Angles metro, according to the MLS, rents rose 21.7%. Nationally, renters spent $535 billion on housing in 2015 — nearly as much as the total budget of the Department […]

Canoga Park apartment complex, which collapsed in the 1994

edited by Jodi Summers Does your building have tuck under parking? Many Los Angeles apartments with garages and carports on the ground story that were built before the 1980s are soft story buildings. A soft story building is vulnerable collapse in a large earthquake due to inadequate shear strength at ground level. A soft story […]

northridge earthquake

by Jodi Summers The Los Angeles City Council has agreed that renters and apartment owners must share the financial burden of earthquake retrofitting equally. According to the L.A. Times, “After many housing studies and heated meetings with landlord and tenant groups, city staff proposed a compromise that the City Council unanimously voted to move forward: […]