To all subscribers and folks who liked my posting!
Happy Thanksgiving
and thank you so much for connecting and following or liking my posts. I have been following a great coach for my business 2nd half of this year and it has helped me change how I look at being seen, liked and trusted.
On one of the recent coaching calls, she introduced a speaker Kevin Clayson who wrote a book called ‘FILP the Gratitude Switch’, and it seems appropriate to share with you. His website is here: https://kevinclayson.com/books May all your life stages be filled with gratitude and we all continuously learn to be better person, and in the process creating value and wealth for those around us.
Indeed a confusing period with the CA AB832. Yes we want to extend the tenant protection since many of them suffered losses from the Pandemic, and the AB832 is a great bill to offer government assistance. During the last whole year, many of the small landlord/buy n hold investors were hurting too. What started of being part of the retirement cash flow are either completely non-paying or under-paying. And they may have to file forbearance to get by. All of a sudden, it is an endless source of financial worries. Fortunately, AB832 covers these investors as well and it goes retroactively back to April 2020, and forward to 9/30/21. The only catch is, owner cannot apply on his/her own, need to apply along with the tenant.
Question arise in all sorts of situations which may be subject to interpretation and therefore very confusing on what is/isn’t allowed. Video has some possible moves landlord can make, but most are so tricky one would need legal advice to proceed. Safest is to wait till moratorium expires and then follow normal procedure. If that does not work for your situation, then seek legal advice. I can always be a good sounding board, but cannot provide legal advice.
To apply for assistance, along with your tenant, visit: https://housing.ca.gov/ (HousingIsKey website)
And I always welcome your comment, like or subscription. Let me know what questions you have and I can chime in with what I know. Thx!
Michael.Chu@exprealty.com Zen Realtor Serving Silicon Valley Know anyone buying/selling/investing? Send them my way and I will reward you with a gift upon COE. (Or $1,000 donation to charity of your choice, in your name)
I have been wanting to do a tribute for my late dad for awhile, but needed to muster up some courage as well as fight my tendency of procrastination. But here it is. Even though it can be more complete and more polished, I had condensed his life into 8 minutes. I finally did at least one public tribute for him.
Please take some time to reflect on your important relationships, especially with your family. We came into this world with all of our karmic energy and people close to us travel through lives together. Let’s appreciate the karmic forces and continue to evolve into best self. We have both buddha in us and been made in the image of God. Let’s let it shine through.
As unlikely in this heated market, there are still owners with vacant properties around the country. Here is a video pleading to those owners to take action so the renters and buyers can benefit, and generate either cash flow or cash liquidity for owners.
Hi, did a virtual walk through for an open house this Sat & Sunday and sorry this is only for SF BayArea friends. Main point is June is my dad’s tribute month, so I will donate 25% of commission earned from any deals entered into in the month of June. Thx
World champion Naomi Osaka refused to attend press conference at French Open, due to her anxiety and being an introvert. Well many of us are introvert and not as accomplished. How do we cope with the extrovert world, be successful and still find that inner peace? We all have the struggle to fit in, to be successful, and still can’t and don’t want to be like an extrovert. So it is important to find that balance of success/external world facing and inner peace/self fulfillment. May Naomi come back strong and may all of us find inner joy & happiness.
In this scorching hot real estate market, some sellers opt to do it themselves without hiring a pro. Main reason usually is to save the commission to the listing agent, but there could be other reasons. If the property is priced right and had sufficient exposure, and sellers’ expectations are in check, there is no reason the property will sit for too long. For the For Sale By Owner (FSBO) sellers, here is a small checklist to see if the property sale is on track.
Is your property on the market for more than 2 weeks?
No, keep the fsbo effort
Yes, a review of pricing, marketing, property condition and seller expectation may be necessary
Are you compensating buyers’ agents?
Are you relying only on Craigslist? At least using a flat fee MLS listing service?
Do you know the comps in the immediate neighborhood?
Is your property vacant for showing? How are you doing open house?
Do you have all the repairs done? How about a current inspection report? How appealing does the property look?
Have you received/rejected any offers? With focused marketing and showing, there will be buyer hype and if the property is a good property, it will generate multiple offers.
Have you estimated sellers’ net? are you familiar with all things that could go wrong in a close and how to remedy each? How about ranking offers and arranging for backup offers? Escalation clause and how/when to use it?
Do you have the next residence lined up? Considered 1031 exchange?
At what point would you consider using a full service realtor?
Is it OK to miss the selling window for the next year or two?
If seller goes through these questions and answer each of question honestly, that exercise can help to stay at the current course, or perhaps talk to agents who are great in helping out with all of the above, plus more. Either way, happy selling!
Hey is drought on your mind yet? Maybe not, but it should. We are heading into another tough summer in CA with all reservoirs at around 50% of normal years. Let’s do our part with something simple to self install. Check it out!
There are many benefits to a cash offer, but only for the right seller. Watch the video to find out the formula investor buyers uses to evaluate property, and what sellers may go through to either accept or reject the offer! Of course, use a realtor with good understanding of both sides to ensure entering and completing the purchase agreement!
MichaelChu.com 