Dear AOA: I had missed a few issues of the monthly magazine after moving to Arizona. This may have been due to our unsecured street mail box. When I realized that I had not been getting the magazine, I called AOA and spoke to Shelly. I explained what had happened and also provided her with…
Below is an open letter sent to Mayor Villaraigosa. Dear Mayor Villaraigosa: Approximately six years ago, the L.A. City Council arranged for the Economic Round Table Group to investigate the feasibility of continuing with rent control within the City. The Council allocated $1,000,000 for the report. The report was issued and apparently, Mercedes Marquez failed…
As we begin 2012, all real estate investors need to pay very close attention to the ever changing tax landscape. Particular attention needs to be paid to the significant tax increases slated to occur in 2013. Investors considering whether or not to sell and pay their taxes, or sell and 1031 exchange, must consider the…
The National Fire Protection Association (NFPA) requires that all fire protection systems be inspected, tested and maintained periodically in order to ensure a reasonable degree of protection of life and property from fire. It is your responsibility to perform all other periodical inspections and testing of the fire sprinkler system. An “Annual Test” will provide…
New government data in January 2012 showed that America is more and more becoming a nation of renters. The Commerce Department reported that just 66% of U.S.homes was occupied by their owners in the fourth quarter of 2011. That’s the lowest level of home ownership since 1998. So, is the American Dream of owning a…
1) When screening residents, length of employment and rental history are the biggest predictors of Longevity. 2) Give them market rent or just below it. 3) Respond to resident calls in a timely manner, and take care of the property. 4) Have nicer places and better service than the other landlords in the same area.…