LA's Short Term Rental Rules
One of the questions I get asked a lot from guests who come to our open houses is; “what are the rules for Airbnb in this area?" It always helps to know the answer, or where to find it in the fast-paced real estate market of Los Angeles. Covid-19 may not be going anywhere anytime soon, but neither is one of the fastest trends in income property investing. This article Airbnb rules of Los Angeles will outline some of the basics for Los Angeles County’s short and long-term Airbnb rental regulations, Los Angeles County Airbnb night limits for hosting, and Los Angeles County Airbnb occupancy taxes.
Read full storyWelcome to NELA's Eagle Rock
Spanish Revival architectural gem in Eagle Rock(David Clark, The Shelhamer Real Estate Group) Let me take you into the heart of Eagle Rock’s modern history, homes, must-haves, art culture, and vibrant real estate market!
Read full storyPasadena's South Arroyo Neighborhood
South Arroyo Pasadena Residence Catching Sunlight Through the Leaves of a California OakDavid Clark. Nestled between South Pasadena, Eagle Rock and Highland Park resides the 91105 zip code of “The South Arroyo.” This 3.7 square mile area contains approximately 6,543 homes, 13,544 people, and some of the quietest park-like streets in California. Let me introduce you to the homes, estates, shops, trails, and real estate market of Pasadena’s 91105 South Arroyo.
Read full storyGetting Into The Real Estate Market
Welcome Home to the North Pasadena Heights Landmark DistrictDavid Clark. If you're focused on becoming a first time homeowner or expanding your portfolio the time to buy is now. Let me offer my argument before you lose the opportunity. Buying a home during a recession can lead to a great deal! To make it clear I am not comparing apples to oranges, meaning today's current market is not the same market as in 2008. The 2008 recession and housing market crash showed how closely the economy is tied to home prices. This recession on most levels was caused by a pandemic and not the subprime mortgage rates. Also, the 2020 recession isn’t correlated to the housing market. Although any recession will affect the housing market in some way, this time around it hasn’t caused it to collapse like with the massive defaults on subprime mortgages. So if you're sitting in your rental waiting for the Sunday edition of The L.A Times front page to read the headline, “Real Estate Crashes in Los Angeles” to finally jump into the market you may be disappointed. Often reality isn’t as fun as fantasy. Why not build the lifestyle that you want around the fundamental truth that you're either paying yourself or someone else, and I like to pay me!
Read full storyAging with a Real Estate Plan
Elderly couple taking a walk through the park. Arboretum Trompenburg, Rotterdam.Michele Dot Com. The next chapter of our lives often brings perceived challenges, not from the acceptance of the truth that we all are aging, but the judgments that we create in response and often lack of action to that truth. As a real estate professional with aging clients I have been in sales and service to an older demographic for decades and one of the most important kernels of wisdom that I have received from this privilege is that the older generations are nearly always modeled around self sufficiency, and the roll up your sleeves mentality. Today's generation relies on google searches, social networks, Reddit forums along with video tutorials on YouTube to gather our information, purchase our tools and get the job done. We aren’t always the first to ask for help but when we do we come to appreciate the community that we build and the network of resources and people that unite in pursuit of the goals that we set forth to reach. The older generation, as I have heard from my own parents, don’t want to be a burden. This leaves the aging people in our communities in a very isolated and lonely place. Our elders with the knowledge and wisdom we yearn for in this information age have become marginalized and more often than not forgotten. I spend a great deal of time each week out in the communities that I am privileged to work throughout Los Angeles waving and drumming up casual conversations with some phenomenal people. It has been a wonderful experience for me personally and professionally, as I have come to be of service in both areas. In return I have gained more than I could give which continues to keep me out there reaching more neighbors and future clients and simply in each given day trying to make a difference. This personal story brings me to an experience that I wanted to share with you.
Read full storyCalifornia Real Estate Market Sidelines
Before I became focused on my home ownership goals and building wealth through real estate I would press the button for concert tickets, hotel accommodations beyond my income means, and dine at places with items I couldn’t pronounce on the menu all in pursuit of apparently making my landlord richer. In a nutshell I wasn’t even meeting my goal of home ownership half-way. I wasn’t working with a trusted lender to be pre-approved, reducing my debt, and my credit was average. On the weekends it was an endless barrage of open houses, window shopping and daydreams.
Read full storyCalifornia's AB-38 Fire Disclosure Explained
Have you heard about the new California AB-38 fire disclosure? On and after July 1, 2021, when you sell property that is located in a high or very high fire hazard severity zone you’ll need documentation with a defensible space inspection that complies with Section 4291 of the Public Resources Code or local vegetation management ordinances (check with your local fire department). This new seller disclosure will appear on your Natural Hazard Disclosure (NHD) report as an AB-38 Notice. This article examines Assembly Bill AB-38, defensible space, and inspection.
Read full storyA New Era for the Higgins Building in DTLA
The abandoning of comfort zones and familiar spaces has been, for our client David Kukoff, the foundation necessary to build a successful writing career. Living in the historical walls of the Higgins Building enhances both his literary career and lifestyle. Perched high on his private patio, the reward of adventure fuels his life with purpose and authenticity.
Read full storyLos Angeles Mortgage Relief is Here
One of the most important aspects of being a residential real estate advisor is empowering my clients with both the tools and the most current information that is available through the State of California and the California Association of Realtors. The hardest part of this humbling opportunity to serve is the stories that I have heard from fellow neighbors and residents through our pandemic. The struggles that you’ve shared with keeping your families fed, children in school and the horror stories of tenants who have abandoned their legal obligation to pay rent forcing you deeper into your savings and to the brink of losing your homes.
Read full storyOpinion: The Extended Eviction Moratorium is a Pandemic Assault on Private Property Rights
Montecito Heights neighborhood of Northeast Los AngelesDavid Clark. Over the course of the last two years in Los Angeles County, our local communities have been face to face with survival scenarios on a day-to-day basis that hasn't been seen in the United States since The Great Depression. I see many of my neighbors out beside me helping feed and provide clothes to our Northeast Los Angeles residents who have fallen on unimaginable times. There is a solidarity in our purpose and these actions have never been more important. There is a misconception in our California landscape that building wealth reflects greed and divides people.
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