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Income Properties Are Trending

By John Catalano - February 06, 2021

Income Properties Are Trending 

 

Income properties are trending: here’s why it’s a great time to invest 

In our last post we shared how landlords can benefit from California’s new stimulus to pay up to 80% of some tenant’s unpaid rent. Many landlords have been struggling since the pandemic started in March, when eviction courts across the country shut down. Even with the possibility of recovering missed rent, how many landlords will survive? Cashing out, may just be a landlord’s best bet. 

As a result, we’re seeing numerous income properties for sale. Just last week we sold a triplex in Lancaster, CA and a 4 unit home the week prior. Property owners are selling their investment properties from left to right. Some are cashing out on established equity from years of ownership and others have nothing else but to walk away from the numerous challenges they have faced for almost a year now!

When to invest? Now or in the future?

With so many properties sold at discounted prices, for many investors, it's worth taking the chance today now that there are lots of motivated sellers. Yes, as we return “back to the new normal” it might just be a matter of time until the courts open again. However, not all investors can have the luxury of waiting any longer. Selling is a MUCH better option at this point, than losing a property. 

The Heroes Real Estate is a dedicated team of professionals ready to assist landlords and investors all across Los Angeles County. Please reach out, we can assist you with all your real estate needs.

We assist landlords and Investors all across Los Angeles County.  Reach out to our team of experts to assist you with all of your real estate needs. We provide FREE and confidential consultations. 

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The Heroes Team continues to give back to the community by working with Property Owners, Homeowner Associations and Property Management Companies everywhere in an effort to teach them how to not only inprove public safety but increase property values. 

John Catalano is a licensed real estate professional, investor and consultant since 2005.   Owner – Operator of the Heroes Real Estate Program and currently working at Realty ONE Group – Success in Valencia, CA.   Consistently one of the top performers at the brokerage, even during a prior law enforcement career of 24-years for the City of Los Angeles.  Today, John Catalano and the Heroes Real Estate Team continues to provide outstanding service to each and every client.  

The Heroes Team continues to give back to the community by working with Property Owners, Homeowner Associations and Property Management Companies everywhere in an effort to teach them how to not only inprove public safety but increase property values. 

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#crime #prevention #losangeles #valley #crimeprevention #car #condos #townhomes #reducecrime #hoa #propertymanagement #sanfernandovalley #sfv #incomeproperty 

 

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