Below is an open letter written to Councilperson Tom LaBonge Dear Tom: Please allow me some venting. I own three rent controlled buildings; two in your district and one in Studio City. The billing packet for one of the three buildings arrived today, the 14th of the month. One can only assume that the other…
Ask any of the politicians in Sacramento if they believe in government transparency, full disclosure of their official actions and the open and honest operation of state functions, and they will, to a man and woman, answer with a resounding, yes!
In an interview with Multifamily Executive Magazine, James McClelland, the CEO of Mack Cos. of Tinley Park, Ill and 36-year veteran of the investment real estate market, said: What we’re getting now versus what we got before are residents with better income: people in solid situations who for one reason or another were forced out…
As a landlord, your tightest months for cash flow are usually at the end of the winter and beginning of spring, in March, April and May. You’ve just finished paying for the extra costs that winter brings; sky-high utility bills, heating issues and so on. Not only that, but any vacant units probably took longer…
The most inexpensive way we have to increase occupancy is by increasing our renewals and referrals. Here are some ways managers across the country are improving their renewals and referrals.
Evicting a tenant for nonpayment of rent is not nearly as simple as it once was. This is because of the fact that although the unlawful detainer statutes were originally designed for relatively simple and expeditious recovery of rental units, that body of law has now been modified beyond recognition, creating numerous traps for landlords…