Landlords have a lot to remember and a lot to do. Everything from finding a tenant, vetting, upgrades, communication…the list goes on and on. Just as importantly, however, is remembering NOT to do certain things. The following “Don’t List” will keep you out of financial trouble and in good standing with your tenants. Don’t Forget To Save You probably already have a personal savings account for a rainy day. That’s great! However, that’s not the same thing as saving for your pr

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Every flip is it's own journey. You have to see a building for what it can be, not what it is. The process is long, arduous, and there's no guarantee of success. That's why I am over the moon on my most recent flip in Santa Monica. This building is on Montana Avenue in the heart of Santa Monica. #SantaMonicarealestate #santaMonicaapartmentflip #wholesaling #Alisafavirealestate #santaMonicacondo

As a real estate professional, I like giving a nationwide perspective of home prices and buying opportunities. I often hear about how millennials don’t like to settle down as much as previous generations, leading me to believe that more people are taking a broader look the country when it comes to buying a home. However, a Money.com article put me back on my heals. Turns out millennials are not actually moving as much as previous generations. The major shift isn’t how many pe

A tenant is moving out! Depending on your relationship this could be cause to celebrate. Or they might have been great and you’re sad to see them go. Either way, it’s time to assess damages – if any. No matter friend or foe, a landlord still has to make an honest assessment of the apartment. You collected a security deposit at move-in, so you’re covered to a certain extent. But what if repairs are going to exceed the amount saved? Don’t freak out, you’ve got a few options. Ev

Many of you that own rental properties will need to get a property manager. This is someone you hire to handle day-to-day operations at the building. For all intensive purposes they are the face of the company and who all the tenants will be dealing with. If you are new to real estate investing it may seem confusing as to what is your responsibilities vs the property manager. Here’s a breakdown: Tenant relations At Ali Safavi Real Estate we have our apartment managers deal wi

News flash: real estate is expensive. High price tags are making it harder for young people to buy their first home. Homeownership has dipped to 63% in America, which is the lowest in fifty years. Just 36% of early millennials are home owners. Do young people just have less money to invest? As it turns out, pricing isn’t the only factor keeping millennials in their apartments. There is a cultural shift afoot and it’s rippling through multiple sectors, including real estate. T

Real estate investing is a mix of Monopoly and Risk. You buy up property and make money on your investment, but it never comes without the chance something could go wrong. Everyone wants to play the game, but you must take care to understand the rules. Ali Safavi Real Estate’s 4 Ways To Make Money Investing Appreciation

Apartment life is booming in America. Meanwhile, home ownership is at its lowest rate in a century. What happened to the American housing dream? Is home ownership going the way of the dinosaur? Not likely…but there is a shift afoot. Home ownership is still a sense of pride for millions of Americans, but it’s not the must-have it used to be. Living as a renter no longer carries with it a sense of failure or shame. People are proud of their 2 bedroom apartments! Why the shift?

There’s never a shortage of opinions when it comes to predicting real estate trends. Some areas are easier to predict than others, but there are always X factors that we didn’t see coming. Here are 6 Ali Safavi Real Estate trends that will have sticking power over the next year. SFRs One trend that continues to rise in real estate is single-family rental homes (SFR). Over the last 10 years 3.6 million on these have been added to the market. In 2016 single-family homes for ren