Tenancy in common seems to be getting a bit of a attention here in Los Angeles. At first glance, it seems like an interesting concept but it sounds like things may start to get regulated a bit more.

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Many of you are probably aware that California passed a new bill, Assembly Bill 1482, that enforces a new Statewide Rent Control on all apartment buildings with 2 or more units.

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By PadMint Pro

What is PadMint?

I think this blog post will help clear the air for everyone coming to the site and wondering what is this? Agents are probably wondering if this platform is supposed to cut them out of their jobs and owners/investors are probably wondering if the platform is just used to sell leads to agents.

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As we have discussed before, apartment buildings are valued based on a number of factors, but arguably one of the most important is the current income the property generates.

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Things are continuing to heat up in the Rent Control battle here in Los Angeles and also statewide. The new bill (Assembly Bill 1482) proposes a 7% limit to rental increases....

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People are constantly looking for ways to up the incomes on their real estate assets. It seems like we hear quite a bit about co-living , cash for keys, and Airbnb. Some people use a few of these different approaches while some stay with the regular leasing and turn over of their units.

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Commercial real estate, for some reason, seems to be decades behind when it comes to technology and new innovations. Obviously, it is a much smaller division of real estate from residential, but it shouldn't be this far behind in 2019.

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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PadMint's platform was built on the idea of connecting users in the multifamily industry. It is a transparent space where owners, agents, and investors can connect to do better business.

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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Coming up with an accurate multifamily property value isn't rocket science. Sure, there are a number of factors that come into play, but for the most part buildings trade based on what the market is bearing at that given time.

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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Check out this weeks Los Angeles County Multifamily On Market Sales!

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Who wouldn't want their name, picture, company name, and contact information right in front of their potential clients/current clients when they looking at information on PadMint? This feature allows them to be the "Contact Agent" for the links that they send out to clients.

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PadMint just realeased our Customizable Reports feature! Agents can now put their logo and names on the report as well as edit the price, remove comparable properties, and enter in actual financials of the property!

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Los Angeles Multifamily Weekly Recap (4/29/19-5/5/19)

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In order to make multifamily brokerage a career you better be willing to put in the time to generate new leads. Whether you are looking for potential listings or new investors, successful real estate agents are always working to generate new business

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If owners have vacancies coming up and are thinking of selling their buildings in the near future they tend to think its better if they lease up that unit so the income of the building looks better on paper.

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Here's a quick list of a few things to do and/or consider before taking your building to the market.

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Here is PadMint's weekly recap of ON market multifamily transactions in Los Angeles County. Agents, you can claim your recent transactions under our "agents" tab. Simply type in the property address and hit claim!

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Here are Los Angeles Counties Top Producing Agents of 2018 On Market Deals!

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Here is the April Multifamily Recap here in Los Angeles County. Please note all stats are based off of ON market sales and does not include any off market activity!

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"Claim Your Comp" is a unique feature that we thought would help give agents the exposure they need in the markets that they are doing deals in! We just wanted to take a second to give a bit more of an explanation of what "Claim Your Comp" actually is.

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Adding value to an apartment building here in Los Angeles is important! With renters getting more picky and owners/investors wanting to maximize their returns it's important to know which factors actually add value to an apartment building.

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PadMint has recently released Rental Comparables as well as upgraded valuation reports that can be downloaded to PDF.

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We thought it may be nice to touch on a few of the things we see pop up in the "proptech" community. For those who don't know PropTech is a fancy startup word for Property Technology.

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Meet PadMint (The Beta Version). We hope you guys enjoy the features we currently have and and hope you'll provide us with feedback on things that need to get fixed up/tweaked and new things you would like to see in the future!

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If you invest and/or own multifamily properties, knowing industry trends and market history are key to optimizing your returns and identifying other opportunities.

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Understanding the market in depth is how agents create value for themselves in the industry. Knowledge is power and agents rely on solid information to make sure they keep up-to-date with their markets. To be a successful agent, you must have access to robust data and be able to easily digest it.

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What are some of the main differences and similarities if there are any. Obviously, residential is going to be a much bigger market (1.8M Homes) than apartments (275,000) but what really is the difference?

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#1 - There are 67,909 multifamily buildings in Los Angeles 5 units and above! #2 - There were roughly 2,000 5+ unit transfers that occured in 2018. #3 - There are 174,050 2-4 unit buildings in Los Angeles. #4 - There were roughly 4,600 2-4 unit transactions that occured in 2018.

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Other than using our site and getting a quick, accurate, valuation we figured it would be nice to break down some of the factors that come into play when valuing an apartment building. We use all these factors when considering a valuation for a multifamily property in our algorithm on the site.

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When it comes to selling multifamily real estate, there are many important factors to consider, but pricing may arguably be at the top of the list. Unlike residential real estate, the multifamily market is driven by the income a property makes and the potential return it offers investors.

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Unlike residential real estate which has seen tons of innovation and new platforms emerge over the years, the multifamily sector has been quite a bit behind.

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Being as PadMint instant apartment valuations will be the first of its kind that can easily be accessed by anyone we figured it would worth touching on a little so people understand it better.

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