Richard Trethewey is the founder and owner of RST, Inc. He has been in the heating and plumbing industry his whole life. He grew up working at the family’s fourth generation plumbing and heating business which was started in 1902.
If small property owners go under, the implications for them and their tenants could be wide-ranging. The survey results show the ripple effect that missed payments from tenants can have on landlords’ ability to maintain their properties — and in some cases, their main source of income. The poll found that, compared with before the pandemic, more owners are facing delinquent rent payments and problems filling vacancies. That, in turn, has challenged their ability to pay their mortgage, property taxes and the costs of building upkeep. One property owner in her 60s said she is considering taking a second job to avoid having to sell her two 20-unit buildings because she’s having difficulty keeping up with mortgage payments.
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Richard started RST Inc. in 1989 as a Manufacturer’s Rep firm to pioneer and champion the best quality hydronic heating and cooling products. Starting RST Inc. allowed Richard a platform to educate and bring energy efficient and “systems” solutions to the New England market. RST Inc. has grown because of the strong focus on quality products backed by a commitment to technical support and customer service.
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Deke Keasbey (Broker/Realtor) – Deke Keasbey has been a commercial real estate broker for the Los Angeles area for more than two decades. He specializes in commercial real estate in greater Los Angeles, with an emphasis on apartment properties in Westside LA and the Ventura Corridor. He is well known in the Los Angeles area for his ongoing, in-depth research and writings on real estate investment market trends.

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David Haas, managing broker with Ernst and Haas Management Co., said he has clients selling preemptively. The Long Beach firm specializes in managing one- to four-unit properties for mom-and-pop owners. After moving in with her 85-year-old mother to help care for her, Rowe worried about bringing COVID-19 home and stopped working her usual job as a physician assistant. She said she has burned through savings to cover the mortgage and repairs at the Mid-City triplex after the tenant stopped paying rent there. National delinquency rates spotlight the differences among property owners of different sizes.
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He grew up working at the family’s fourth generation plumbing and heating business which was started in 1902. He started full time with RST Inc in June, 2009, but has many years experience in the heating industry. Before graduating from Fairfield University with a business degree, he worked summers at a major… Century West Properties, a property management company in Los Angeles, specializing in luxury rentals on the Westside Los Angeles. Apartments for rent in the most exclusive areas in the Westside Los Angeles neighborhoods.
He is a recent graduate of the College of Engineering at  the University of Massachusetts-Amherst. He has worked as a Mechanical Engineering Intern with National Grid and as an AME Extrusion Engineer Intern with Medtronic, of Danvers, MA. Kevin covers Western Massachusetts and Connecticut for RST Thermal. The city of Los Angeles last week opened applications to its $235.5-million rent relief program, funded through the federal stimulus. Officials don’t think the money will be enough to help everyone in need and are picking applications at random.
Los Angeles opened applications for its rent-relief program, which aims to help tenants and landlords with debt stemming from the COVID-19 pandemic. Before March 2020, 4% of owners with more than 30 units reported problems with paying the mortgage, compared with 7.3% of owners with six to 30 units and 10% of owners with five or fewer units. For landlords, the effect on their businesses depends on several factors, including whether they have a mortgage and the amount of reserves they’ve set aside to handle unexpected expenses at their properties. Whether you’re a small business looking for quick, accurate answers or a global Fortune 500 firm that needs to support deep analysis, we have you covered with our family of datasets. Rodrigo Vargas believes that everyone has the opportunity to grow wealth through the acquisition and disposition of real estate which includes the purchase of a client’s first home. Rodrigo and the team at Tierra Properties work closely with all clients to make the buying or selling process as seamless as possible by walking with clients through every step.
Vander Borght, a retired architect and former Burbank mayor, said his tenants had fallen more than $12,000 behind in rent since last spring. He understands they have lost work and can’t pay in full, and doesn’t want to evict them. Many small owners say they bought their units for rental income in retirement after years of saving, and their later years could grow more difficult if their main income is upended. Meanwhile, about 9% of loans for properties with two to four units were delinquent in October, several percentage points higher than the rate for single-family homes, according to data firm Black Knight.

Defendants’ responses were thus due no later than July 9, 2019. As of the filing date of these motions, Plaintiff has not received responses from Defendants. Defendants have not opposed the motions, and there is nothing in the record suggesting that Defendants have complied with their discovery obligations. Accordingly, the Court grants the motion to deem admitted. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job.

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He criticized governments as failing to adequately help struggling residents and in turn landlords like himself, citing a tenant of his who got help from a county program for the first time last month. With cash tight and no income from the property, Rowe said she is scrambling to pay for the supportive care her mother needs after a heart attack. Vargas said two of her clients who own a few units each had to sell their respective properties recently because they couldn’t afford to keep them. “The little small mom-and-pops are getting burned on this one,” she said. Though surveys show the vast majority of tenants are paying, a significant number are behind.
It will manage the new property in Apex upon completion. Professional management services with boutique treatment and more than 40 years of experience. Stay up to date with the latest news and information about the firm and our services, sign up today. Join us for a FREE virtual employment law update seminar to learn about new employment law changes in 2023, including wage and hour updates.
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The firm’s clients on average have nine to 12 units, and those owners should be able to hang on to their properties even though more are turning to savings to pay the property tax, Vargas said. Some landlords and management companies said they suspect some of their nonpaying tenants aren’t facing financial difficulties, yet are still taking advantage of pandemic allowances. State law, for example, protects tenants from eviction for nonpayment if they sign a declaration under penalty of perjury that COVID-19 has affected them financially. The survey results could overstate the financial burden on landlords.
The research is part of a collaboration between the Housing Initiative at Penn and six cities to analyze how local governments are responding to housing challenges brought on by the pandemic. As COVID-19 took root and jobs vanished, officials sought to avoid a wave of evictions, homelessness and the spread of deadly disease that could result. Governments from federal to local enacted rules allowing people whose finances have been affected by the pandemic to keep their housing if they don’t pay rent. Founded in 1986, Tierra Properties offers clients a full-service real estate company with a personal touch. We provide residential and commercial real estate service throughout the greater Los Angeles area.
Rich Bialobrzewski (By-LO-breski) joined RST Inc in January of 2011 with industry leading experience in Indoor Air Quality and will champion the air side and engineered products division. As the Operations Manager, she handles the daily operations of the business and is the operational glue that keeps the entire organization running smoothly. Some landlords are already heading toward the exits, and not just those who are in immediate financial jeopardy.
According to the Mortgage Bankers Assn., delinquency rates for all multifamily loan balances — a figure that will be skewed toward larger properties — was 1.8% last month, lower than other commercial loans for hotel, retail and office properties. To qualify for the Green and Energy Efficiency Housing MIP reduction, a real estate project must produce a Statement of Energy Design Intent (SEDI) score of 75 or higher. Common amenities will include a clubhouse with adjacent pool; fitness center; business center; deck with cabana and outdoor kitchen; car care facility and dog park. Apex, a suburb of Raleigh, currently has a multifamily vacancy rate of 3.7 percent.
After graduating from Maine Maritime Academy with a degree in Marine Systems Engineering and obtaining his USCG 3rd Engineer’s license , Alex worked for three years as a Cisco Network engineer before entering the HVAC industry in 2019. He currently lives in southwestern Maine with his Wife and Son. In his free time, Alex enjoys spending his time outdoors Hiking, Fishing, Hunting, and camping.
Billions of dollars in federal rent relief for both landlords and tenants have finally started to flow in recent weeks, but it’s unclear how far the money will go. In interviews with The Times, property owners and managers said they understood the unprecedented nature of the crisis but that they are absorbing too much of the cost. Many said they or their clients are dipping into savings to keep properties afloat and delaying maintenance or repairs because they can’t afford them.
When considering complaint information, please take into account the company’s size and volume of transactions, and understand that the nature of complaints and a firm’s responses to them are often more important than the number of complaints. Andrew Khouri covers the housing market for the Los Angeles Times. Before coming to The Times he wrote about commercial real estate for the San Fernando Valley Business Journal. He holds a master’s degree in journalism from the University of Southern California’s Annenberg School for Communication and Journalism and graduated from the University of San Diego with a degree in history.