Linda

September 15, 2019
Large logo

California housing affordability dips in second quarter

The California Association of Realtors recently reported on California housing in Q2. Here are some of their findings:  Thirty percent of California households could afford to purchase the $608,660 median-priced home in the second quarter of 2019, down from 32 percent in first-quarter 2019 but up from 26 percent a year ago. A minimum annual income of $122,960 was needed to make monthly payments of $3,070, including principal, interest and […]
August 28, 2019
Large logo

California home sales up in July

California home sales perk up in July for first time in more than a year, C.A.R. reports – Existing, single-family home sales totaled 411,630 in July on a seasonally adjusted annualized rate, up 5.6 percent from June and up 1.1 percent from July 2018. – July’s statewide median home price was $607,990, down 0.4 percent from June and up 2.8 percent from July 2018. – Year-to-date statewide home sales were down 4.9 percent […]
August 21, 2019
Large logo

HUD to announce long-awaited FHA Condo Rules

The U.S. Department of Housing and Urban Development is expected to release updated guidance on FHA-insured condominium financing. The new rules should benefit real estate purchasers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards. Allow for single-unit mortgage approvals—often known as […]
August 14, 2019
Large logo

San Diego changes zoning policies to allow more mixed-use projects

From an article in the San Diego Union Tribune. The San Diego City Council approved new zoning policies Monday allowing developers to more quickly and cheaply build large mixed-use projects featuring dense housing blended with commercial and industrial uses. The goal is spurring more developments in suburban-style parts of the city with large surface parking lots, such as Mission Valley, Kearny Mesa, Mira Mesa and University City. The zoning would […]
July 27, 2019
linda pic

San Diego Free Summer Concerts 2019

Summer is a great time for music!  Grab friends, family and a picnic – then go check out one of these free summer concerts. Point Loma Summer Concerts. Select dates at Point Loma Park (1049 Catalina Boulevard). https://www.plconcerts.org/ Bird Park Summer Concerts. Select Saturdays in July and August. 5:30-7:30 pm. Bird Park, 28th and Thorn Street (next to Morley Field.) http://www.explorenorthpark.com/post/bird-park-summer-concerts Coronado Summer Concert Series. Sundays, through Sept. 1, 6 pm. Spreckels Park, 7th […]
March 9, 2016

New information on homeowner rights during a short sale

If you are considering a short sale of your home (or have completed a short sale), there is a recent California Supreme Court opinion that you should review. The gist is that a bank can’t collect a deficiency judgment when it agrees to a short sale in lieu of foreclosure. Banks can’t agree to a short sale to a third party, then seek the difference of the balance of the loan […]
March 1, 2016
bed bugs

Bed Bugs and the Law in California

Bed bugs are a fact of life.  And California property managers should know what their obligations are in terms of keeping their properties safe from these pests. The law requires landlords to provide a clean premise, free of vermin.  Read the specifics of the law here. A property manager should also have a clear action plan in place to deal with bed bug issues.  Here are some guidelines to create […]
February 9, 2016

Should you run criminal background checks on potential tenants?

If you are a landlord or property manager, you are probably screening potential tenants with employment history and credit checks. But are you running criminal background checks?  If not, you may want to consider adding these screenings to your application procedures. Click here to read the complete article on PropertyManager.com. If you’re ready to start running criminal and sex offender background checks on applicants, here are a few pointers from […]
January 22, 2016
Pasas Prop Management logo

What are San Diego’s renters looking for in their next apartment?

The National Multifamily Housing Council recently completed a report asking renters what amenities were most important to them.  A specific San  Diego report asked 1,810 renters that question.  So here is what they are looking for: 1.  Ability to use the internet to pay rent. 2.  Ability to use Internet tools for both rent payment and landlord communications. 3.  In-unit washer and dryer. 4.  Pet friendly homes. 5.  Walkable location. Read […]
January 11, 2016

7 resident retention ideas for the new year

Property managers are always looking for ways to retain both residents and good staff members.  Here are 7 tips and ideas from an article on PropertyManager.com  Many of these tips are simple and inexpensive, but the positive goodwill they create will go a long way.  Make a resolution to implement at least a few of these ideas in the next few months and see what your results are.   The […]