Setting the Stage Owners Who Are Selling Their Real Estate Assets Are Doing So For Many Reasons: 1. Large Class-A properties (“core assets”) are currently achieving high premiums upon sale. 2. Partnerships are breaking up because investor partners need money. 3. Many properties bought in the run-up (2005-2008) are not performing so sellers must unload,…
Years ago, I read a bestselling book by a famous author who defined a profitable investment property by its price at purchase. I could never really understand how one could know at the beginning of the investment whether or not it would be profitable. Of course, the author was making a point that if you…
How do you deal with issues of harassment on property? Don’t ask, don’t tell doesn’t work any more. Over the last five years HUD and other enforcement agencies have seen increasing numbers of fair housing complaints alleging that properties are failing to deal with issues of harassment. In some instances, the claims involve harassment by…
The stage seems to be set for an all-out brawl on taxation this year. That being said, I think it is important to clarify some of the issues related to the “rich” who are so frequently mentioned in political speeches. To get us started, I have reprinted an excellent article that addresses a recent CBO…
If you’ve missed some of the prior articles, basic “beginner” guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Last month we discussed Investing After Inflation. The thinking was that high inflation will generate offsetting high interest rates and high interest rates will naturally reduce property values. The takeaways were…
Q: What is the new Assembly Bill 590 and how does this affect landlords? A: AB 590, also known as the Sargent Shriver Civil Counsel Act, is a bill passed in 2009 that provides funds for the Legal Aid Society of San Diego (LASSD) to hire more attorneys in order to provide legal services to…
Question 1: Is there a new law that allows the tenant to post political signs in the window of the unit even if the lease prohibits signs? Answer 1: Yes. Effective January 1, 2012 tenants have the right to post political signs subject to certain limitations. A landlord can prohibit a tenant from displaying a…
Question One: I need some help on how to compute a rent increase for my rent control units in Los Angeles. Last year I was granted a Capital Improvement increase, which allowed me to increase my rent for each unit by $8.00. I also charge each of my units the allowable SCEP (Special Code Enforcement…
Ordinarily, my articles appearing in this column for members of the Apartment Owner Association address a single aspect of the law. This month I depart from that custom because there are two fields of law, arising from two Superior Court cases finalized near the end of 2011 that are important to bring to the attention…
A version of this article first appeared on May 20th in the S&A Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. I’d like to make you a business offer. Seriously – this is a real offer. In fact, you really can’t turn me down,…