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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

Many Black families moved to these neighborhoods in the 1960s after redlining and interstate construction forced them out of other areas. ” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. Landlords cannot raise rents by more than 10% until then.

Realtors 342
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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

This tactic uses the land’s price, plus the construction fees and minus depreciation. Then, you multiply your numbers by the Gross Rent Multiplier to arrive at the property’s fair market value. It’s generally the most accurate approach to determining how much the landlord can charge for rent after purchasing the property.

Appraisal 397
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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All the ways the wildfires could make LA housing more expensive

Housing Wire

And landlords are already smelling an opportunity to raise list prices, despite laws designed to prevent that. Proposition 13 caps property tax increases at 2% annually unless theres a change in ownership or new construction, in which case the valuation resets its current market value.

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Biden Administration Looks to Cap Rent Hikes

Appraisal Buzz

elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} Crackdown on rent hikes Some corporate landlords have taken advantage of the shortage of available housing stock by raising rents at a time when millions of Americans are struggling to cover monthly payments. elementor – v3.22.0 – 26-06-2024 */.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading.elementor-heading-title[class*=elementor-size-]>a{color:inherit;f

Landlords 435
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What is a Commercial Real Estate Appraisal?

AmeriMac

It is important to assess the value of your commercial property through a professional appraiser to make informed decisions on its future use. Uses of Commercial Property Appraisals A commercial property appraisal is a process of determining the real estate market value of a commercial property.