Inside the Issues with Alex Cohen discusses housing alternatives in Los Angeles, speaking with The Rental Girl’s founder and CEO Liz McDonald, on how she is pioneering a new affordable LA homeownership market with TIC’s.
Tenants in common Los Angeles
“Check out this house in Echo Park, great location, 1932 classic Spanish Style home, 1,540 square feet. You wanna guess how much it costs? Under $670,000! which if you know anything about real estate in Southern California these days, probably seems like a real steal. Welcome back to Inside the Issues, I’m Alex Cohen and on this episode we are talking about the alternatives to the traditional forms of housing, and we turn now to one known as TIC’s or Tenancy in Common (that’s how that Echo Park home happened, at that price.) Here to explain is the woman who is pioneering the Tenants in common (TIC) movement in LA, Liz McDonald, she is founder and broker at the Rental Girl…”
MORE FROM THE RENTAL GIRL ON TIC OWNERSHIP:
- Read more about TIC ownership HERE
- Download a copy of our TIC Field GuideHERE
- View all our current TIC offerings HERE
- The Rental Girl + TIC + Our Story HERE
- Visit Andy Sirkin’s website for more research on TIC sales HERE
(Andy is the TIC attorney who pioneered TIC sales in the early 80’s in San Francisco. His website has a wealth of info on TIC ownership).
- View TRG + TIC in the News, for Press & Media go HERE
- If you are a buyer or investor interested in purchasing or developing a TIC, contact an experienced TIC Realtor® on our team.
Elizabeth McDonald, Broker & TIC Co-Lead
The Rental Girl
323-313-5780 / Cell
BRE Lic #: 01449897
ABOUT THE RENTAL GIRL & HOW WE GOT INVOLVED WITH TENANTS IN COMMON (TIC):
The Rental Girl (therentalgirl.com) is a full service Real Estate brokerage specializing in residential leasing and sales. We have been serving renters and landlords since 2004. We work with thousands of Los Angeles renters each year, and many of these renters are qualified to buy, but can’t afford or find a home in a neighborhood they want to live. In 2016, a client of ours introduced us to TIC ownership and we saw immediately how many renters and entry level buyers in LA could benefit from a TIC market here. We met with Sterling Bank, who was working actively to pioneer a TIC market in LA, and other San Francisco vendors. And so began our research on TICs. Since then, we have helped bring many TIC units to the market, and we have many new TIC communities coming soon. With every new TIC building that hits the market, more renters, landlords and realtors are discovering TIC sales and the TIC movement is growing rapidly. We love to share our accumulated knowledge, and support our real estate colleagues, landlords and renters and the TIC community.