Everything Apartments

Filling your vacancy as fast as possible with a good tenant is always a challenge. In this brief episode we explore using open houses to get more showings of your unit in a short period of  timeEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

 As Apartment owners and managers, none of us are immune to having a vacant unit from time to time. The speed and efficiency with which we can harvest a new tenant is key to maintaining and improving cash flow. In this episode, we dissect our process for making the most out of our leasing leads to get a good Tenant faster. Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

In this episode we briefly analyze 2024 and rolling 6-month sales trends on Long Beach apartment complexes. How has the market acclimation to the new interest rate environment and turbulence in the insurance market reflected in sales activity and prices?Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787  eric.christopher@wsc-pm.com 

Apartment electrical is one of the big systems we as Owners and Managers are challenged with but is one that is largely not understood, at least for this property manager! In this episode, we visit with Kim Hopkins, Owner of The Electrical Connection, a 40 year old electrical contractor specializing in property managementThe Electrical Connectionhttps://www.theelectricconnection.com/818-446-0888Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

In this episode, we visit with Nick Pantuso, an excellent source for financing on 1-4 units. We take a brief economic dive as it relates to loans and the importance of not waiting to buy real estate, but buying real estate and waitingNick Pantuso805-390-4788nick@ndpfunding.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

The eviction process in Los Angeles County has become an increasing time and money pit for Apartment Owners. Tenant Buyouts, commonly termed "Cash for Keys" is a great way to cut down both time and expense. Today we visit with Sasha Struthers, an Attorney that assist you with Tenant Buyouts. Sasha Struthers, Esq.Struthers Legal APC323-982-8825 | sasha@struthers.legalEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Interest rate increases have begun to show their effect on sales volume and pricing of Long Beach apartment properties. In this brief episode we analyze the recent sales market and provide some strategy for borrowers with loans moving to adjustable rate this year.Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Pests ranging from Cockroaches, Rats and even Racoons and Skunks love to take up tenancy in apartment complexes. While these creatures will always be around us,  we can do our best to minimize their stay. Evictions are a little different for this than with regular Tenants! Today we visit with Diego Hernandez, Owner of Lady Bugs Pest Control to discuss how we can minimize exposure to pests in our propertiesDiego Hernandez - Lady Bugs Pest Control - 800-423-3396/ info@ladybugsinc.netEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Historically, Apartment property insurance has been something of a sleepy topic not requiring much attention. Premiums were relatively predictable year over year. But with recent changes to the insurance landscape in California, Insurers are now charging premiums of 50-100% more than the previous policy . Today we visit with Commercial Insurance expert Paul Smith for some clarity on our property insurance market.Paul Smith - So Cal Insurance Services - 310-765-1650/ paul@socalcis.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Tennessee has become a white hot destination for California apartment investors and residents alike. Find out what all the excitement is about as we speak with Adam Klenk, Managing Partner of Capstone Companies, a leading multi-family brokerage in Tennessee and neighboring states. Adam Klenk, Capstone Companies adam@capstone-companies.com800-746-3175 x7006

Since starting Long Beach apartment brokerage in 2006, I've tracked the market to a level unmatched by anyone. The tool I've developed over that time will put you in the best position possible when it's time to buy another asset.Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Title Insurance is something we all know as a necessary part of a property sale or refinance. While the exposure to a claim is remote, today we talk with Doug Thompson of WFG National Title Insurance Company to understand this insurance a little better, and also help Sellers avoid delays in escrow based on title issues.Doug Thompson, Vice President, SalesDirect: 714-726-5321dthompson@wfgtitle.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

In this micro-episode we take a look at city wide apartment sales trends and explore the differences between 5+ unit and 3-4 unit sales metrics.Eric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

State and local governments have assumed an increasing and oft times adversarial role in the operation of rental housing. Today we speak with Janet Gagnon, Director of Government Affairs and External Relations with the Apartment Association of Greater Los Angeles to learn ways Owners can join together to counter the overreach. Janet would love your questions - janet@aagla.orgEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Securing financing for purchase or refinance of apartment buildings is a huge component to investing and is also very dynamic. Today we visit with Michael Presser of Walker & Dunlap who is an expert in all types of apartment financing and we dissect what is happening in the current lending environment. Michael Presser, Senior Director, Capital Markets Walker & Dunlap310-993-6043mpresser@walkerdunlap.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Most multi-level apartment complexes have exterior stairs, walkways, decks or balconies. These exterior elevated elements (EEEs) are the subject of SB 721 which has been in place since January 2020 and requires owners to have these items inspected by January 1, 2025. Today we visit with David Tashroudian, Owner of Retrofit 1, a firm specializing in SB 721 inspections in Los Angeles. David discusses the requirements of SB 721 and what owners can and should do now to avoid the rush close to the deadline in order to gain compliance.    David Tashroudian, Retrofit1/ 844-473-8761/ david@retrofit1.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Adding Microstorage units to unused space in your apartment complex is a great amenity to offer Tenants and also a great way to increase your net income. Today we  talk with Christian Sonne of Self Storage Economics who has a turn-key solution for owners that is zero dollar out of pocket to help you. Christian Sonne,  Self Storage Economics 714-234-0334 | chris.sonne@selfstorageeconomics.comEric J Christopher | WSC Realty Advisors Inc | 949-463-2787 eric.christopher@wsc-pm.com

Escrow is a necessary part of a property sale and a lot goes on behind the scenes, especially if there is a 1031 exchange involved. In this episode, we visit with Laura Chambers of Long Beach Escrow and Long Beach Trading Co. Laura is an expert Escrow Officer and 1031 Exchange Accomodator and gives hints on how Buyers and Sellers can help make the process as smooth as possible. She can be reached at:Laura ChambersLong Beach Escrow CorporationLong Beach Trading Company, Inc.(562) 597-3336 ext. 3email: laura@longbeachescrow.com

Short-term rentals (Airbnb, VRBO) are a very viable business model that apartment owners can take advantage of. In this episode, we visit with Alex Jarbo, a Short term rental Developer, Syndicator and Operator. Alex provides some helpful information and tips that Owners can use to begin the process. Alex has a wealth of information available and opportunities to invest. More information: AlexJarbo.com, Sargoninvestments,com and his awesome YouTube Channel - Alex BuildsEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Covid related tenant management, collection and eviction issues have heavily burdened landlords for over 2 1/2 years. In this episode, we visit with Attorney Dennis Block, arguably the prominent Eviction Attorney in Southern California, to better help Landlords navigate this challenge moving forward.Referenced websites:evict123.com - Dennis Block's website rentometer.com - Provides area rent rateshttps://la.urbanize.city/post/here-are-californias-new-income-limits-2022 - To determine Area Median IncomeEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Accessory Dwelling Units (ADUs) represent a rare opportunity to add units to your property for additional income and value upside with the least amount of red tape ever!  We visit with Helen Fowler of ADU1, a Los Angeles based ADU design/build firm to discuss the equation for Apartment Owners to take advantage. Helen can be reached at 1-866-NEW-ADU1 / helen@adu-1.comEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Plumbing systems in apartment properties represent a big challenge for Owners and Managers. Today we get a rare chance to visit with Bob Mungo, Owner and Plumber of J&D Plumbing, a 42 year old firm here in Long Beach.  J&D Plumbing 562-427-2555 | diana@jdplumb.comEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Whats going on in the market? We are glad you asked...In Episode 20 we dissect the the 2022 Q1 sales for Long Beach apartment complexes 5+ units. For visuals, please visit the YouTube version: https://youtu.be/K_BVoBL51gMEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Apartment roofs are an often overlooked major system that if properly cared for can save much headache and expense. Today we visit with Bob Alvarez of Preferred Roofing about this important part of your property. Preferred Roofing 949-612-7858 / www.preferredroofingoc.com/ bob@preferredroofingoc.comEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Dan Yukelson, Executive Director of Apartment Association Greater Los Angeles (AAGLA), the region's largest apartment association with over 10,000 members, is one of the region's biggest advocates for apartment owners. We visit with him about AAGLA's lawsuit against the City of LA and other initiatives to fight back against the increasing government assault on property rights. They are on the frontlines and need your help. Learn more at aagla.org/legalfundEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Apartment owners looking to retire or exit their units can 1031 exchange into a time tested, proven asset that provides totally passive income with Single Tenant Net Leased Investments. In this episode we talk about the "Triple Net" market with Michael Matter, Director at Stan Johnson & Company in Newport Beach - a nationwide firm specializing in Triple Net brokerage. Michael Matter | 626-277-6682 | mmatter@stanjohnsonco.comEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Utah and its market hub of Salt Lake City extending north and south to Ogden and Provo, respectively,  is an ultra-dynamic apartment market with strong job and population growth with a landlord friendly government to boot. In this episode, we visit with Mark Jensen who is one of the top Apartment Brokers in the region. He can be reached at 801-897-3663 / mark.jensen@colliers.comEric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

We all know Apartment Sellers want to acheive the highest price and Buyers, the lowest. As a Seller, there are some strategies to help you achieve that top price in the market. Check out Episode 15 for how to approach the market from a better position.Eric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Apartment sales activity in Long Beach has developed some interesting trends over the last few years. In this episode, we briefly analyze citywide sales trends. Listen in to better understand these trends and how they coincide with your investment strategy. Eric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

DSTs (Delaware Statutory Trusts) are a great way to 1031 exchange out of apartments into a passive income position. Unlike buying a wholly owned Single Tenant Net Leased investment, DSTs allow smaller investors to diversify across different types of institutional grade properties and also provide for debt replacement required for a perfect 1031 exchange. We visit with Matthew McFarland of Kay Properties, a prominent, national DST brokerage based here in Southern California. Their website is https://invest.kpi1031.com. Eric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

Eviction moratoriums will end, someday (??) What can we do now to mitigate and prepare for that end. We visit with Patti LeBarron, aka Patti Widget, Owner of Widget's Way, a Residential Property Management consulting service. Patti is a 25-year veteran of Property Management of various types and is a wealth of knowledge relating to the topics of rent relief, notices and cash for keys arrangements. Join Patti's mailing list at https://www.widgetsway.com/ Eric J Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com   

We pick up from Episode 10, where we discussed preparing the unit and beginning the marketing. Here, we discuss initial interaction with prospective tenants, applications, screening and completing the rental process

Renting apartment units is an important first step in the property management continuum. It all starts with a tenant! In this episode, we dig into how to accomplish this faster and more efficiently. Eric Christopher/ WSC Realty Advisors (949) 463-2787 / eric.christopher@wsc-pm.com

Government intervention and overreach in the rental housing industry is at an all-time high in Long Beach,  LA County and California. Owners need to get involved NOW. Today, we visit with Mike Murchison, a veteran Long Beach lobbyist who is a property owners biggest ally when dealing with government's appetite to take away property owner rights. Make sure to get on Mike's maiing list at https://murchisonconsulting.net/Eric Christopher | WSC Realty Advisors Inc | 562-546-3550 | eric.christopher@wsc-pm.com

The "Biggest Little City In The World", Reno, NV represents a great out of state market to consider investing in apartments. We visit with Ben Galles, one of the top Apartment Brokers in the region for insight into this exciting market. Ben can be reached at 775-750-6429 |  bgalles@logiccre.com

Will the Biden adminstration enact sweeping changes to the 1031 exchange? How will these changes effect Apartment Investors? Also, a little known mechanism called Cost Segregation could help you accelerate your building's depreciation write off each year. We are joined by Tony Watson, EA from Robert Hall & Associates, a tax advisory firm specializing in helping Real Estate owners. Tony can be reached at tonywatson@roberthalltaxes.com  Link to New York Times article regarding changes 1031 Exchange:https://img1.wsimg.com/blobby/go/f3dad460-41c6-4b14-afd2-3bc31f7f5405/downloads/1031%20article.pdf?ver=1626389458498  

Out of state apartment investing has been a growing topic amongst California owners. In this episode, we speak with Tucson, AZ Apartment Broker, Allan Mendelsberg for some insight into their market and the influx of out of area Buyers which has created a pardigm shift. Allan can be reached at 520/490-2113 | amendelsberg@picor.net

Apartment sales metrics are an important factor when considering a purchase. Some are very simple, while others are a little more involved. In this brief episode of Everything Apartments podcast, we dissect these metrics and their nuances.   Link to visual for Sales Metrics: https://img1.wsimg.com/blobby/go/f3dad460-41c6-4b14-afd2-3bc31f7f5405/downloads/Apartment%20Sales%20Metrics%20Visual.pdf?ver=1622654101431Link to visual for GRM graph: https://img1.wsimg.com/blobby/go/f3dad460-41c6-4b14-afd2-3bc31f7f5405/downloads/GRM%20chart.pdf?ver=1622654101431

Apartment syndication is a decades old mechanism that, when done skillfully, provides great returns to both the syndicator and the investor pool of the transaction. In this episode, we talk with Darrin Mainstain, a successful apartment syndicator that has taken his model in the Los Angeles market to now transacting nationally. Darrin provides some great insight into the world of apartment syndication. 

The second installment of a podcast that focuses on all aspects of Multi-family investment, ownership and management. Today's guest is R. Christian Sonne, a nationally (and internationally) recognized expert in Self Storage real estate; the darling prodcut type of Commercial real estate. And, Self Storage facilities are a wonderful 1031 exchange opportunity for apartment investors

The third installment of a podcast that focuses on all aspects of Multi-family investment, ownership and management.  Apartment finance and securing a loan is usually a common challenge for all investors. It's a mechanism that is always changing, so it pays to stay tunes in to this market.  Today's guest is Jeff Monahan, a 30 year veteran and head of one of the nations top producing apartment financing units with Chase Bank. 

The first installment of a podcast that focuses on all aspects of Multi-family investment, ownership and management. Today's guest is Scott Choppin, owner and founder of Urban Pacific, a developer of apartment complexes in Southern California