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Tag Archives: real estate broker

How To Avoid The Big Housing Crunch Awaiting Many Baby Boomers

How To Avoid The Big Housing Crunch Awaiting Many Baby Boomers

There Are Dire Predictions For Baby Boomers But It Can Be Overcome With Planning

Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.  Notwithstanding the estimated costs of $220,000 a couple will need in retirement for health care costs housing costs will dwarf that number as most experts believe that boomers will be forced to spend in excess of 30% of their monthly incomes supporting their abodes.  The struggle is just beginning because housing costs, both for ownership and for rentals, is skyrocketing throughout the country.

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Your Investment Properties And Your Personal Assets Are Exposed To Litigation If You Haven’t Properly Protected Them

Your Investment Properties And Your Personal Assets Are Exposed To Litigation If You Haven’t Properly Protected Them

Why Forming an Entity to Protect Your Private Wealth From Your Investment Property Liabilities is Critical in Today’s Litigious Real Estate Environment

Do you believe that an investment or rental property insurance policy is enough protection for you and your personal wealth in the event of an accident or other catastrophe to your tenants?  If you are not sure or have not even thought about this then its time – right now.  The parade of horribles that can occur which could result in a serious injury, a permanently paralyzed tenant, or a wrongful death is not that far-fetched.

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The High Price To The Low Bid – Why You Should Never Hire An Unlicensed Contractor To Work On Your Property (When A License Is Required)

The High Price To The Low Bid – Why You Should Never Hire An Unlicensed Contractor To Work On Your Property (When A License Is Required)

It Never Makes Sense To Hire An Unlicensed Contractor – The Risks Far Outweigh Any Rewards And It’s Against The Law

In California, like many states, contracting for work where the labor and materials are greater than $500 requires a contractor’s license – there are no exceptions.  Month after month I hear stories of people, including other real estate agents, who hire unlicensed contractors (when the work unambiguously requires a contractor’s license) in an effort to save money.  In reality when they do so they are breaking the law, and exposing themselves and their brokers, and/or their clients, to unnecessary risk.  In addition to all of the potential workmanship issues associated with unlicensed contractors, the red-flag that is most prevalent and potentially damaging is the insurance issue.  Unlicensed contractors are NOT insured.  Unlicensed contractor’s work is NOT bonded.  Unlicensed contractor’s employees are NOT covered by worker’s compensation insurance.  Unlicensed contractor’s work is NOT guaranteed.

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