Blog

Friday, February 10, 2023

Mike Explains – What Is an Own Your Own? How It Is Different From a Condominium?

Imagine if you will, you have been looking all summer for a condominium to buy and nothing you want seems to fit into your budget.  But one night, while browsing the internet you find what looks like an absolute steal!  You call your Realtor® to set up an appointment and they tell y... read more >>

Monday, November 14, 2022

Mike Explains: Tenant Estoppel Certificate

Imagine, if you will.

You're happy you just closed escrow on a beautiful triplex that already has tenants. And they're supposed to be paying $7,800/month in rent. Then, you collect the rent and you only receive $6,900 from the tenants. They're telling you the security deposits t... read more >>

Friday, September 30, 2022

Mike Explains: Why a Handyman Costs More Than You Expect?

Imagine, if you will.

You get a bill from your Property Manager and see the hourly rate for a Maintenance Technician at $95 per hour. You may think it is excessive, or that a handyman equals cheap labor. You also may start to wonder if you should do it yourself, or find cheaper options.

... read more >>

Friday, August 26, 2022

Mike Explains: The 1031 Exchange

Imagine, if you will.

You bought a property some years back, paid $500,000 for it, and paid the loan accordingly. Now, you owe nearly $200,000 on it. Feeling confident about the real estate market, you think: “it's worth a million now, what if I sell it and buy another place for $... read more >>

Friday, March 25, 2022

Sell or Lease Your House | Mike Explains

Imagine, if you will. You got that great job offer in Nashville you were hoping for. However, you live in Long Beach, California. Moving out is a no-brainer, and you’re excited at the options you can afford.

But, what to do with the Long Beach home you own? Should you sell it? Should ... read more >>

Wednesday, January 12, 2022

Mike Explains: Why Real Estate Commisions Are So High?

Imagine, if you will – you’re about to sell your home. You’re speaking with local agents you are familiar with, asking them about the closing costs of the sale. They list insurance, escrow fees, transfer taxes, and… commissions.

They list a commission between the 5 ... read more >>

Tuesday, December 14, 2021

Should I Buy Through the Listing Agent – Mike Explains

Imagine, if you will: A house you love just came on the market. You might want to make an offer: should you go through the “listing agent” or find your buyer representative? Your sister (an attorney) tells you to go through a separate agent. Your boss (the savvy real estate investor) ... read more >>

Monday, October 25, 2021

Mike Explains: What if It Does Not Appraise?

Imagine if you will: after months of searching and bidding on multiple properties; you are finally in escrow on the home of your dreams. You were one of three offers but this time they went with you. You feel you have done everything right and have even started to tell your friends about the move... read more >>

Friday, August 27, 2021

Mike Explains: Listing Price Strategies

Imagine, if you will: you list your home in a hot seller’s market, and you expect a bidding war. But when it goes on the market, all you hear is crickets. Or worse, you get one offer at full asking price, yet you were counting on getting more.

You were advised to “list low and w... read more >>

Tuesday, August 17, 2021

Mike Explains: Rental Scams (And How To Avoid Them)

Imagine, if you will: you pull up at your appointment to show a vacant home you have for lease. To your surprise, you find a strange car in the driveway. Then, someone is standing in the living room with their moving cardboard boxes. You have no idea who this stranger is but, they claim to have r... read more >>


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