Our Blog
Fun, interesting, and informative perspective on the exciting world of rental property ownership.
Tenant’s Trash Mansion – Owner should have used a Property Manager
by Rick Thornton | Dec 6, 2018 | Property Management, Tenant Stories
It is hard to know all the facts based on news articles, but I see not mention of a property manager and I see one item that makes me wonder. Apparently Mr Scottie Pippen thought the tenant with a middle name of Glazer was a member or related to the wealthy Glazer...
Real Estate in Miniature
by Rick Thornton | Nov 28, 2018 | Architecture & Cool Properties
Casa California Artist Chris Toledo creating magic with his miniature home called Casa California. Fun fact: On miniaturists sites ( who knew these existed) there are plenty of examples of Victorian homes and English dwellings, but Spanish dwellings...
Creating the Real Estate of the future – Seasteading
by Rick Thornton | Nov 26, 2018 | Architecture & Cool Properties, Book & Movie Reviews
We all now chortle about the flying cars that always seem to be just out of reach and not all that likely, but it is still fun and interesting to see a new idea that really floors one that seems somewhat plausible. There is a real nugget of information that was an...
Proposition 10 California Rent Control Results
by Rick Thornton | Nov 21, 2018 | Investing in Apartments, Legal Update, California, Multi-Family Market, Property Management
Prop 10 - Local Rent Control Initiative Loses 60% to 40% Proposition 10 would have repealed the 1995 Costa -Hawkins Rental Housing Act. The actual text is here: Prop 10 Rent Control 2018 Text Costa-Hawkins prohibited rent control on newly construction buildings,...
Just Cause Eviction Ordinance in San Diego – 2004
by Rick Thornton | Nov 21, 2018 | Legal Update, California, Property Management
The City of San Diego Seems to have confused the terms "Notice to vacate" with "Eviction". An eviction is correctly known as a removal from the property via the legal system ie the Courts. A notice to vacate is a request to vacate and is done by providing a notice...
Current Market is a Great Time to Trade Up (A look back at 1999)
by Rick Thornton | Nov 20, 2018 | Investing in Apartments, Multi-Family Market
In the spring of 1999 I wrote, “The early phase of a bull market in real estate presents a great opportunity to trade your current property up into a property of higher value.” This was and is sound advice. Here we are in 2020 and there are even more great reasons to...
How to Increase Rents Easily
by Rick Thornton | Apr 9, 2018 | Investing in Apartments, Property Management
This article was written in 1999. I will be updating it this year 2019. Often the most daunting task we face as property managers is increasing rents. I am not referring to the increases two and three years ago that all owner and managers enacted after the market...
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