Bornstein Law + BPG Insights
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Bornstein  Law + BPG Insights
Bornstein Law works in affiliation and collaboration with Bay Property Group.  Daniel Bornstein, Esq. is the founder of the law firm, and also the broker of record for Bay Property Group in Oakland, San Francisco and Cupertino.  Together the two companies assist local property owners, landlords, commercial clients, multifamily investors and offer property management services. Contact us for assistance: http://bornstein.law & http://baypropertygroup.com
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House Flippers Turn to Crowdfunding Platforms for Financing

House Flippers Turn to Crowdfunding Platforms for Financing | Bornstein  Law + BPG Insights | Scoop.it

"David Berneman isn't developing an app. His company isn't venture backed. In fact, his business is about as low-tech as it gets: He buys houses, fixes them up and flips them.

But he too is funded by the crowd.

Berneman's family business, Golden Bee Properties, borrowed $1 million to buy a West Los Angeles home that he plans to renovate and expand before putting it back on the market. The money didn't come from a bank but from 44 small investors, some of whom put in as little as $5,000.

Berneman and his backers came together through crowdfunding, which enables businesses to publicly solicit investment from individual investors online."

Bornstein Law & Bay Property Group's insight:

"Although crowdfunding is closely associated with tech startups, the practice has found a niche in real estate and in house flipping in particular."

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Holiday Greetings from Bornstein & Bornstein

Wishing you all happy holidays from Daniel Bornstein and the entire Bornstein & Bornstein team. http://bornsteinlawyers.com (415) 409-7611

Bornstein Law & Bay Property Group's insight:

Have a wonderful, relaxed and joyous holiday season! 

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Odd Moving Tips That Really Work

Odd Moving Tips That Really Work | Bornstein  Law + BPG Insights | Scoop.it
You've got the basics -- cardboard boxes, newspaper, the phone number of a pizza place so you can feed the friends helping you move all your worldly goods. But do you have enough socks for the stemware?
Bornstein Law & Bay Property Group's insight:

Check out these odd moving tips... and no you can not borrow my truck! 

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3 Maintenance Tips to Prepare Your Properties for Winter

3 Maintenance Tips to Prepare Your Properties for Winter | Bornstein  Law + BPG Insights | Scoop.it
Property management companies employ maintenance teams to ensure the safety and comfort of residents. They do more than keep lawns maintained and change old light bulbs; maintenance staff fix damaged railings, shovel snow, and perform a variety of functions to make sure the building not only looks great but also stays safe all year round. But when cold weather arrives, building maintenance can be challenging. While many of the cosmetic upgrades aren't needed, there are tasks that are required and may be hard to perform in a snowy, windy, or icy climate. One of the best ways to keep up with building maintenance in winter conditions is to know what needs to be done before cold weather sets in, and prepare your property, residents, and staff early. Here are some tips for getting your properties ready for winter. - Make a list and check it twice. Keep track of what work needs to be done long before winter arrives. Base the list on what issues you [...]
Bornstein Law & Bay Property Group's insight:

Learn how to winterize your properties for these colder Bay Area months! 

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Nestio raises $8M to simplify rental management + brokerage

Nestio raises $8M to simplify rental management + brokerage | Bornstein  Law + BPG Insights | Scoop.it
Nestio, the provider of a rental management platform and listing database, has raised an additional $8 million to grow its products and branch out from New York City into markets including Washington, D.C., Boston, Chicago and Miami.
Bornstein Law & Bay Property Group's insight:

Another tech solution to rental management and brokerage... we shall see how it improves our business! 

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Nearly Half of California’s Job Growth Happening in the Bay Area

Nearly Half of California’s Job Growth Happening in the Bay Area | Bornstein  Law + BPG Insights | Scoop.it

Although unemployment rates rose across the Bay Area from September to October, our region remains California’s job-growth leader and was responsible for nearly half of the state’s gains last month.

In its latest monthly jobs report, the California Employment Development Department says that the Golden State added 41,200 nonfarm jobs in October, a year-over-year gain of 2.9 percent. Commenting on the data in a separate report, Stephen Levy, director and senior economist of the Center For Continuing Study of the California Economy, estimated that 19,600 of the jobs added in October were based in the Bay Area.

Since the recession ended, California’s economy has created more than 2.1 million new jobs, a growth rate of 14.5 percent, compared with the 10 percent gains recorded nationwide. CCSCE says that all major regions of the state have recovered all of the jobs lost during the downturn except for Sacramento, which should fully recover soon. Bay Area jobs levels are currently 11.2 percent above their prerecession highs, by far the most of any major region in the state.

Bornstein Law & Bay Property Group's insight:

"California’s unemployment rate declined month over month, falling to 5.8 percent on a seasonally adjusted basis in October. Nationwide, jobless claims also declined, to 5.0 percent, fueling speculation that the Federal Reserve could move to boost interest rates next month."

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Wishing you a Warm and Happy Thanksgiving!

Wishing you a Warm and Happy Thanksgiving! | Bornstein  Law + BPG Insights | Scoop.it
Bornstein Law & Bay Property Group's insight:

The Law Offices of Bornstein & Bornstein wish you a warm and Happy Thanksgiving! 

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High Rents are Pushing Portland, Oregon Locals

High Rents are Pushing Portland, Oregon Locals | Bornstein  Law + BPG Insights | Scoop.it
Experts say there's a national "shortage of cities" as people seek out hip, urban lifestyles. Companies are also increasingly setting up in or near city centers, offering well-paid jobs to those graduates, Cortright said. Incomes also have remained flat, so people at the bottom income rungs — the working poor, the disabled and the underemployed, such as artists and freelancers — are hit hardest. In Brooklyn, New York, huge demand for housing and the arrival of wealthier residents have forced
Bornstein Law & Bay Property Group's insight:

It is not just SF... "some Portlanders are now looking for better-paying work. Some are giving up and leaving." 

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Despite SF Rent Control, Apartment Buildings Prove Solid Investments

Despite SF Rent Control, Apartment Buildings Prove Solid Investments | Bornstein  Law + BPG Insights | Scoop.it

“San Francisco is very much a boutique market of smaller buildings,” says Paragon Real Estate Group in its third quarter S.F. Bay Area Apartment Market Report. And indeed, the vast majority of multi-units sold this year are 5-12 units. Such low volume doesn’t exactly flood the area with available units. Prices, then, stay high, and indeed get much higher as demand grows. As seen in the gallery above, the Bay Area is a heavily populated area, and growing more so, as the income and employment rates also grow.


Another factor influencing rents is rent control. Though readers will differ (vociferously) on whether said control helps or hurts tenants in the rental marketplace, the fact remains that these ordinances must have some pressure on overall rents, simply for the fact that so many of San Francisco’s apartment buildings are subject to them.


“Our residential investment stock is much older than most cities,” says Paragon. “Eighty-two percent of the city’s multi-units were built prior to 1935 — and over 50% are of pre-1920 vintage.” By this third quarter of 2015, “18% of  apartment building sales were of buildings constructed between 1950 and 1978 and none thereafter. All are subject to the S.F. Rent Control Ordinance, which covers building constructed prior to 1979.”

Building values appreciating along with appreciating rent

Bornstein Law & Bay Property Group's insight:

"One of the most important factors that always has driven San Francisco rents higher than other American cities is scarce inventory."

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S.F. sues property owner for refusing Section 8 vouchers

S.F. sues property owner for refusing Section 8 vouchers | Bornstein  Law + BPG Insights | Scoop.it
San Francisco City Attorney Dennis Herrera has sued a real estate agent and property owner he described as “a serial violator of local and state housing regulations,” accusing them of illegally refusing to accept Section 8 vouchers. In the lawsuit filed Wednesday, Herrera said real estate agent Chuck Post and property owner Lem-Ray Properties “have a business practice of refusing to accept Section 8 vouchers as rental payment from prospective tenants and have explicitly stated their intention to refuse Section 8 vouchers in property advertisements and through oral representations to persons inquiring as to available rental units.” The city requires property owners to accept Section 8 vouchers, which are federally funded subsidies to help low-income residents pay rent. The alleged refusal to accept Section 8 vouchers violates that settlement and “has seriously undermined San Francisco’s efforts to ensure the availability of affordable housing for all residents,” the lawsuit states. The company’s owner, David Raynal, is the nephew of the late CitiApartments real estate mogul Walter Lembi, who was also the subject of lawsuits accusing him of harassment, illegal evictions and rent raises, lack of repairs and failure to repay security deposits. According to this week’s lawsuit, among the properties where Lem-Ray Properties and Post allegedly said they would not accept Section 8 vouchers are 81 Ninth St., which has 62 units, and 935 Geary St., which has 114 units. Fox News anchor Bill O’Reilly attacked Supervisor Malia Cohen Wednesday on his show, “The O’Reilly Factor,” in a segment he called “Anarchy in America” (http://mm4a.org/1MVRb3V). The comments came after Cohen gave an impassioned defense at Tuesday’s supervisors meeting of San Francisco’s sanctuary city policies, despite the July shooting death of Kathryn Steinle on Pier 14, allegedly by an immigrant with no legal standing who had been deported multiple times. “We cannot allow hateful conservative news stations to drive how we respond to incidents in our city,” she said at the meeting.
Bornstein Law & Bay Property Group's insight:

"City Attorney Dennis Herrera filed a lawsuit to a property owner, accusing them of illegally refusing to accept Section 8 vouchers."

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Find Halloween Events in SF

Find Halloween Events in SF | Bornstein  Law + BPG Insights | Scoop.it
Bornstein Law & Bay Property Group's insight:

Explore events in the SF Bay area around Halloween! 

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Help us hit 100 Yelp Reviews this month!

Help us hit 100 Yelp Reviews this month! | Bornstein  Law + BPG Insights | Scoop.it

We have 89 public reviews for The Law Offices of Bornstein & Bornstein such as "Daniel Bornstein is the ABSOLUTE BEST! He is timely, concise, effective and a pleasure to work with. He took my unique subtenant nuisance case and resolved it in 14 days. He knows this…

Bornstein Law & Bay Property Group's insight:

If you are a supporter please share your experience on Yelp, help us hit 100 reviews this month!

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SF rents soar... tenants still willing to pay for earthquake safety

SF rents soar... tenants still willing to pay for earthquake safety | Bornstein  Law + BPG Insights | Scoop.it

The rental market here was already under siege when city officials began an ambitious earthquake retrofitting project whose costs will largely be passed on to renters.

Fueled by the city's tech boom, rents have soared, with average one-bedroom units now going for $3,500 a month. Low-income tenants are being evicted, and a large number of apartments are being taken off the long-term rental market to be leased to users of Airbnb and other short-stay leasing services. 

Bornstein Law & Bay Property Group's insight:

San Francisco raised rents to keep apartments from collapsing in an earthquake is Los Angeles next?

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New for 2016: Landlords applying pesticides must notify Tenants

New for 2016: Landlords applying pesticides must notify Tenants | Bornstein  Law + BPG Insights | Scoop.it

TLandlords and apartment complex employees who apply pesticides on a rental property must notify their tenants, according to a bill signed into law by the governor.

Since 1984, California law has required specific notification requirements of pest control companies when they apply pesticides at residential properties.Legislation signed into law by Gov. Brown on Sept. 8 extends those tenant-notice requirements to landlords, their employees and agents when they personally apply pesticides, such as over-the-counter aerosol bug sprays and foggers, at rental properties. The law, SB 328 by Sen. Ben Hueso, D-Logan Heights, takes effect Jan. 1, 2016.

Prior to applying the pesticide, the landlord must tell tenants in writing the pest or pests being targeted, the name or brand of the product being used, and a specific notice like that required of pest control operators. See the blue box below for the required verbiage.

Read more...

Bornstein Law & Bay Property Group's insight:

The notice requirements are mandated when owners apply the pesticides inside the units or outside in the common areas of the property. Thanks to CAA at caanet.org for the reminder!

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Not All Landlords Are _ _ _ Holes! - Comedy

Not All Landlords Are _ _ _ Holes! - Comedy | Bornstein  Law + BPG Insights | Scoop.it

Ask Nato Green what's it like to be be a landlord in San Francisco and he'll tell you, "It's like being a coke dealer in the '80s — you make a lot of money for doing nothing." He'll also quip that it's the second easiest job in the world, behind being press secretary for the Secret Service.

A comedian by trade (and a San Francisco Examiner columnist), the left-leaning Green has been a landlord in Bernal Heights for more than a decade. He's now also the the self-appointed president of Small Property Owners for Reasonable Controls (SPORC), a faux-PAC of "pro-tenant landlords" who own four or fewer units and support rent control and limits on evictions.

Although he jokes about being a pariah — the body politic in this town may detest landlords even more than techies, and his renter-friendly positions are anathema to landowners — Green is serious about housing reform. Sort of. "SPORC is both a joke and not a joke," he says.

Bornstein Law & Bay Property Group's insight:

A fun look at being an SF landlord from a comedian who is quite deep in the community... enjoy!

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Housing Crisis- The tech bus drivers living in their cars

Housing Crisis-  The tech bus drivers living in their cars | Bornstein  Law + BPG Insights | Scoop.it
Tech bus drivers forced to live in cars to make ends meet Scott Peebles drives employees to their jobs at Apple, the wealthiest tech company in the world, yet he can’t afford a place to live. The 53-year-old sleeps on an inflatable mattress in the back of his green 1997 Dodge Caravan, a space smaller than a walk-in closet. Peebles is part of a growing segment of homeless people who have full-time jobs but can’t make ends meet. Instead of moving somewhere cheaper on the outskirts of the Bay Area — hours from their jobs — Peebles and several other tech bus drivers live in their cars. The driver, who asked to remain anonymous for fear of retaliation, has been sleeping in the backseat of his Subaru for months, saving up to pay for health care related expenses and other bills. Several struggling bus drivers have thousands of dollars in credit card debt and are single, which could make them less desirable than dual-income renters. Peebles has racked up $20,000 in credit card debt, some that was accumulated when he was caring for his mother. Santa Clara County, where Apple, Google and Yahoo are based, estimates it has more than 6,500 homeless people, and a growing number of them — 23 percent — are living in cars or RVs, according to a 2015 census by Applied Survey Research. The Chronicle interviewed several drivers employed by Compass Transportation, a firm with contracts at Apple, Zynga, eBay, Yahoo, PayPal and Genentech, who are homeless or on the brink of homelessness. At night, some South Bay parking lots are dotted with cars hiding people catching a nap before their day jobs. Peebles moved to San Jose last fall to escape a bedroom infested with bedbugs in New York, where he worked driving a shuttle transporting disabled people. Earlier this year, amid a campaign to unionize tech bus drivers, Apple raised the base salaries of its drivers and offered a bonus for employees like Peebles, who work a morning and evening shift on the same day. Letetia Davis, a single mom who shuttles eBay employees, couldn’t afford her Oakland apartment after rent went up in 2013. [...] there is more than $1,000 in other necessary expenses — food, electricity, gas and cell phone bills. Not to mention tens of thousands of dollars in credit card debt. Davis spends her long break napping in her bus, or gobbling up instant noodles from the lot’s vending machine. Davis tried to apply for financial assistance through federal housing vouchers, but was told she didn’t qualify because she earns too much. “I have to worry about, ‘Am I going to come home and the landlord changes the locks because I didn’t pay the rent?’” Davis said. Compass is negotiating with the Teamsters union, which represents tech bus drivers, but so far, Compass has not agreed to the proposed union contract, which includes 11 paid holidays, higher salaries and overtime pay. “Compass has long been committed to providing our valued employees competitive wages and benefits and a respectful work environment,” said Bryan O’Connell, senior vice president of the bus division for Compass Transportation, via e-mail.
Bornstein Law & Bay Property Group's insight:

A sad state of affairs when tech bus drivers can not make enough to have an apartment in the Bay area. 

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Client testimonials for Bornstein & Bornstein - Yelp

Client testimonials for Bornstein & Bornstein - Yelp | Bornstein  Law + BPG Insights | Scoop.it

Daniel Bornstein is simply the BEST!  I have used Daniel for many years, now and he just keeps getting better and better.  He has helped me resolve situations with very difficult tenants, in this very tricky environment in San Francisco.  He answers questions with great resolution.  He easily helps me understand exactly what to do to protect myself as a landlord and is very knowledgeable on the latest tenant/landlord laws and requirements.   Daniel is the expert I go to,  and as a realtor, send all my clients to in any landlord/tenant situations.  I suggest you do the same; you'll be very happy.

Bornstein Law & Bay Property Group's insight:

Read more real reviews from our clients: "Bornstein is ethical and tough.  He knows how to negotiate a win/win solution to landlord tenant disputes!" 

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San Francisco Least Affordable Place to Live in US!

San Francisco Least Affordable Place to Live in US! | Bornstein  Law + BPG Insights | Scoop.it

A recent report from Trulia calls out San Francisco for being the least affordable place to live in the US. The company analyzed data based on the percentage of middle class income spent on housing, utilities and commuting for the 100 largest US metro areas. San Francisco topped the list by a wide margin with 85.5% of income going towards essentials versus 74.5% in second place Los Angeles. California as a whole continues to be a tough market for the middle class with seven of the top 10 least affordable markets in the state.

Read more at: https://www.bisnow.com/san-francisco/news/other/trulia-san-francisco-tops-least-affordable-places-to-live-list--50118?utm_source=MorningBrief&utm_medium=email&utm_campaign=20150918_san-francisco_morningbrief?utm_source=CopyShare&utm_medium=Browser

Bornstein Law & Bay Property Group's insight:

Trulia's recent report names SF as #1 least affordable city in the country, and Ohio is a bargain in comparison with four of the top 10 most affordable places to live! But Ohio, really?

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San Mateo City Council Rejects ‘Just Cause’ Eviction Proposal - CAA

San Mateo City Council Rejects ‘Just Cause’ Eviction Proposal - CAA | Bornstein  Law + BPG Insights | Scoop.it

An emergency just-cause-for-eviction ordinance is off the table in San Mateo — at least for now.

On Tuesday, the San Mateo City Council decided not to take up a just-cause-eviction emergency ordinance on Sept. 21. Such a policy hinders a landlord’s ability to rid communities of dangerous tenants, such as suspected drug dealers.

Mayor Maureen Freschet, Deputy Mayor Jack Matthews and Councilman Joe Goethals noted that considering a just-cause-eviction ordinance now would be premature. Moreover, they indicated it would circumvent the process established by the City Council to have a collaborative and objective discussion of possible solutions to the city’s housing concerns.

Talk of the emergency ordinance surfaced just two business days before this week’s meeting.

As the holiday weekend began, the California Apartment Association’s Tri-County Division quickly mobilized members to fight the proposal, which came from Councilman David Lim and received backing from Councilman Rick Bonilla during Tuesday’s meeting.

CAA Tri-County urged the council not to act on just-cause without first obtaining facts and holding public stakeholder discussions.

Most importantly, CAA Tri-County emphasized that a just-cause eviction measure does address affordable housing issues.

“While we understand the urgent desire to look into solutions and we are in agreement that we should, [Lim’s] proposal is not the right way,”  Rhovy Antonio, CAA Tri-County’s government affairs director, told the council. “We should be educating renters on their existing protections and … not alienate those who you want to be part of the solutions.”   For more comments from the council meeting, see this article from The Daily Journal.

Although Lim’s just-cause eviction proposal won’t be voted on later this month, the threat of rent control and related regulations still looms.

The council will hold a special hearing at 7 p.m. Sept.21 at San Mateo City Hall to discuss possible solutions to the region’s housing crisis, and this could include rent control, eviction-delay measures and other policies harmful  to rental property owners.

CAA Tri-County encourages members to attend the meeting and engage in the discussion. Stay tuned for more information on how you can help.

Bornstein Law & Bay Property Group's insight:

The council will hold a special hearing at 7 p.m. Sept.21 at San Mateo City Hall to discuss possible solutions to the region’s housing crisis, and this could include rent control, eviction-delay measures and other policies harmful  to rental property owners.

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Tale of Two Rent-Controlled Cities: NYC + SF

Tale of Two Rent-Controlled Cities: NYC + SF | Bornstein  Law + BPG Insights | Scoop.it

Ask any renter in New York City and San Francisco and they’ll tell you that the rents are too damn high. Sadly, they aren’t exaggerating. The median rent for both cities now exceed $3,000 a month – higher than any other rental market in the country. To put that into perspective, you’d need to make well over $120,000 to afford the median rent.

So what’s a renter to do? Well, some renters believe that their best bet is to find a rent-controlled apartment. Unfortunately, this doesn’t mean what most people think this means. Despite what you may have heard, a rent controlled apartment does not prevent a landlord from raising rents. Instead it just “controls” how much landlords can raise rents over the course of a renter’s tenancy in an apartment.

Not All Rent Increase Regulations Are Created Equal
Rent controls are local housing policies that differ from city to city, if they even exist at all. In New York City, there are two types of rent increase restrictions: (1)Rent-stabilization and (2) Rent-control.

For a unit to qualify as rent-stabilized, the rental must be:

  • In a building with at least six units or more
  • In a building that was built between February 1, 1947 and January 1, 1974

Meanwhile, a rent-controlled unit must:

  • Be in a building that was constructed before February 1947
  • Have a tenant that has lived in that apartment continuously since before July 1, 1971

Here’s where it can get complicated: When a rent-controlled tenant moves out, that apartment ceases to be rent-controlled. If the building it’s in has more than six units, the apartment becomes rent-stabilized. Conversely, if it has less than six units, it becomes deregulated – which means future rents will be determined by the free market and the next tenant will likely be in for some serious sticker shock.

Bornstein Law & Bay Property Group's insight:

Now for the burning question –how much can landlords increase rents in rent-stabilized and rent-controlled apartments?

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7 Ways Buying a Rental Property Can Build Wealth

7 Ways Buying a Rental Property Can Build Wealth | Bornstein  Law + BPG Insights | Scoop.it

If you can find a property where the rental income covers the monthly costs, then you have a winning scenario.

Have you ever dreamt about buying a few units in the condo building downtown and converting them to rentals? Or that cute home near the college campus — just for investment and a side rental profit?

While rental properties do have pesky monthly costs and the sometimes-dreaded responsibilities of acting as a landlord, buying a rental property where rental income covers your monthly mortgage payments is a winning scenario. Here are seven key ways a property can exponentially boost its value — and your net worth!

1. Rental properties create cash flow

Cash flow is one of the cornerstone principles of all real estate wealth building, and rental properties create the opportunity for cash flow. A house or a building with multiple units can generate money each month that pays more than your carrying costs, mortgage, and expenses.

2. Positive cash flow pays off your mortgage early

Positive cash flow is created when rent from your tenants exceeds your property’s expenses. Put simply, it’s the money left over each month after all your property bills are paid. Having positive cash flow allows you to pay off mortgages early.

Expert tip: Work to reinvest any positive cash flow to pay down your mortgage balance as soon as possible. The sooner you can pay off your mortgage, the sooner you’ll have checks coming to you, not the bank.

3. Other people’s money pays off your mortgage

Someone else pays off your entire mortgage for you. As you use the rent money from your tenants’ payments toward your mortgage, you are actually paying down your loan amount. Keep that property rented for at least 15 to 20 years and you can own that house free and clear without a penny more out of your pocket. It’s a simple, but brilliant, concept.

4. Improving the property increases its value

Making the right improvements can increase your property’s value and protect you against downward swings in the market. Look to invest in properties where you can add equity and value by making smart, cost-effective improvements.

5. Market appreciation boosts your equity

Market inflation and simple supply-and-demand economics also increase home prices over time. The combination of appreciation from improvements and long-term market appreciation is a huge bonus for rental properties. It’s a profit, equity, and wealth builder.

6. Tax advantages keep more money in your pocket

Another aspect of wealth building, from an accounting standpoint: It’s “on paper.” There are tax benefits to owning rental properties, which include depreciation, rental expenses, and mortgage interest deductions you can take each year.

7. Increasing rents increases the value of your property

When you improve your property, you can increase your rents, which in turn increases the value of the property again. It’s a wonderful cycle. If you buy a run-down property that was poorly managed and you improve it, you not only stand to significantly boost its value and your equity, but you’ll also boost its rentability. You will be turning an underperforming rental property into a gem that attracts quality tenants and higher rents!

Do you have experience buying a rental property? Share your tips for success in the comments!

- See more at: http://www.trulia.com/blog/buying-a-rental-property-build-wealth/?ecampaign=rnews&eurl=www.trulia.com%2Fblog%2Fbuying-a-rental-property-build-wealth%2F#sthash.kwxDtakF.dpuf

Bornstein Law & Bay Property Group's insight:

Positive cash flow is created when rent from your tenants exceeds your property’s expenses.

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How to Buy a Home with Student Loans

How to Buy a Home with Student Loans | Bornstein  Law + BPG Insights | Scoop.it

Student loans can feel like a roadblock on the path to homeownership, but that doesn't have to be the case. The SoFi mortgage was actually designed to help prospective homebuyers with student loans overcome some common hurdles.

For example, making that student loan payment each month can seriously interfere with your ability to save for a down payment. Fortunately, with a SoFi mortgage loan, you can put as little as 10% down without paying for expensive private mortgage insurance. And while traditional lenders use strict debt-to-income (DTI) ratios to determine loan eligibility, SoFi uses a flexible DTI ratio. This means that even borrowers with big student loan payments can potentially get more financing than they thought was possible.

Have student loans? Thinking about buying a home?

Don't let student loans keep you from buying the home you really want. See what SoFi can offer you online in just a few minutes — just visit SoFi.com.

SoFi Lending Corp., NMLS #1121636. Terms and conditions apply. Please see SoFi's eligibility and licensing page for more details.

Bornstein Law & Bay Property Group's insight:

Don't let student loan payments stop you from purchasing real estate!

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How much will Bay Area homes cost a year from now?

How much will Bay Area homes cost a year from now? | Bornstein  Law + BPG Insights | Scoop.it
Like many people in the Bay Area, Ken Ball and his wife would like to sell their home in Oakland and use the profit to buy a house without a mortgage somewhere cheaper. The problem is, they can't do it for nine to 12 months, and Ball wonders where the market will be then.

"I think we are at some kind of peak" in the market, but "we are probably not ready" to sell, he said. "Is there a resource that offers Bay Area housing price forecasts out a year?

Many people forecast home prices for the state or U.S., but these are of limited use because real estate is hyper local. Most forecasters expect Bay Area prices will be higher a year from now, although the rate of appreciation will slow.
Bornstein Law & Bay Property Group's insight:

Where do you think the real estate marketing will be in one year from now?  How much higher can it go?

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Ten San Francisco Bay Area Hikes with Spectacular Endings

Ten San Francisco Bay Area Hikes with Spectacular Endings | Bornstein  Law + BPG Insights | Scoop.it
Summer is in full swing and what better way to celebrate than with some hearty outdoor adventures? We've already looked into hiking trails within San Francisco in the past,...
Bornstein Law & Bay Property Group's insight:

Enjoy all the Bay Area has to offer with these impressive local hikes!

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FL Deputy shoots a man during landlord-tenant dispute

FL Deputy shoots a man during landlord-tenant dispute | Bornstein  Law + BPG Insights | Scoop.it
LAKE CITY, Fla. (AP) - A north Florida deputy shot and wounded a man who authorities say tried to run over the deputy and others with a vehicle.
The Columbia County Sheriff's Office reports that the suspect was airlifted to a nearby hospital in stable condition Tuesday morning.
Officials say deputies had responded to a landlord-tenant dispute in a rural area west of Lake City. When the deputies approached a man sitting in his vehicle, The Gainesville Sun (http://goo.gl/eYuiAI ) reports that the man started the vehicle and drove aggressively toward the deputies and complainants.
One of the deputies fired his pistol, hitting the suspect in the torso.
No other injuries were reported.
The suspect's name wasn't immediately released.
Bornstein Law & Bay Property Group's insight:

Landlord and tenant disputes can get nasty but rarely end like this sad story from Gainsville, FL

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