Thank You Noni! After four challenging years of dedicated service, our President, Noni Richen, is stepping down. On behalf of SPOSFI and all San Francisco small property owners, our heartfelt thanks to Noni for service well beyond the call of duty (a president’s typical tenure is one to two years). While Noni is stepping down…
Bed bugs, once thought of as a rare pest spoken of only in bedtime rhymes, are an all too real nightmare for property managers across the country including California. The presence of bed bugs in multi-unit housing cannot be tolerated. Tenants dealing with a bed bug infestation suffer itchy, bothersome bites, and go to sleep…
The following article was published in the Daily News on November 4th, 1949. Mr. Truman’s St. Paul, Minn., pie-for-everybody speech last night reminded us that at the tail-end of the recent session of Congress, Representative Clarence J. Brown (R-Ohio) jammed into the Congressional Record the following poem, describing its author only as “a prominent Democrat…
Family Limited Partnerships (FLPs, often pronounced “flips”) are a reliable mechanism for protecting assets from creditors and reducing transfer taxes. An FLP is an entity for the benefit of and controlled by the family.
Are you in violation of Fair Housing rules? First offense fines have increased and are now $37,000. It is even more critical and cost effective to acquire the necessary knowledge to avoid the high penalties and legal fees trying to defend yourself against such claims. Take the quiz below to see how prepared you are…
In the waning days of WW II, during a discussion of the future of Eastern Europe, British Prime Minister Winston Churchill cautioned Joseph Stalin to consider the views of the Vatican. To this the Soviet leader responded, “How many divisions does the Pope of Rome have?” Stalin’s brutal sense of humor demonstrated that he only…
Typically, when investors consider purchasing an investment property, they inspect the property as part of their due diligence and also review the proforma income and expense reports provided by the seller. In addition, the investors review the rental income and expenses to make a decision according to their comfort level and ability to raise cash…
Shifting Trends in Renter Demand and Housing Choices Housing experts agree that the most challenging housing market conditions in memory, which began to take hold on the national housing market, including Florida about five (5) years ago, had their genesis during the Carter administration and the Community Reinvestment Act (CRA). During the period from 2002…
I am sure you are curious what the answer to this “must have” is and why is it so important? Let me start by explaining the purpose of an Emergency Red Binder. Every employee should be prepared for emergencies and as we all know it is always too late if we are not ready. The…
In the beginning, like many landlords, I was out on a financial limb buying my first multifamily building (a three unit rental property) and I was counting on every bit of that rent each month to pay the bills for that building. If a tenant didn’t pay on time, my main worry was just getting…