I recently received a phone call from one of our members who was questioning if she could withhold money from a deposit that was given to her to hold an apartment. At the last minute, the tenants backed out of the lease to rent a different apartment. I asked her to explain the situation to…
When it Comes to Managing Your Rental Property, There’s No Substitute for Knowledge By Ted Loewenberg A friend of mine, Betty, rented an illegal unit for 23 years and established a close friendship with the owner, Joanne. During those many years, Betty spread out her belongings into places that were off limits to her, but…
How to Attract Generation Y Residents for Your Rental Properties By Justin Allen Believe it or not, there are up to 80 million people between the ages of 16 and 29 who will be filling your vacancies in the year ahead. They are often called Generation Y, also known as the Echo Boomers. They are…
The Divine Rightsof Carmen Trutanich By Carol Knapp Apparently Los Angeles City Attorney Carmen Trutanich¦NUCH* to friends¦feels he has the divine right of kings when it comes to the law. Property owners have been getting das boot from der city for years with outrageous fees, fines surcharges and criminal liability for tenant destruction, Kangaroo Court…
Life Without Proposition 13 By Jon Coupal In Sacramento, where the political class feels they can never get enough money from taxpayers, Assemblyman Tom Ammiano has held another hearing on the evil Proposition 13, focusing on property tax protections for commercial property. But the intent is clear, as has been pointed out by taxpayer and…
Buy a House! By Addison Wiggin and Samantha Buker A little more than a year ago, a very successful professional investor declared, If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy…
Vacancies: Time to Change Your Marketing Plan? By Drew DeMasters Have you have ever had too many qualified applicants for your rental properties? So many you had to turn them away and even stop advertising? I mean what a happy problem, right? A landlord’s dream. If this has ever happened to you, you probably wish…
Why Many Apartment Markets Have More Good Years Ahead By Patrick Simons Is a glut of new apartments inevitable? Should you be worried about all the proposed projects you’re hearing about? Are we seeing signs of irrational exuberance in the rental housing industry? We do a lot of forecasting for clients based on detailed supply-demand…
MRLANDLORD.COM Tips on Management 19 Top Tips When Buying Property That You Plan to Hold and Rent 1) Buy what RENTS! A great buy in the wrong part of town is NOT a great buy! 2) LOCATION! The prettiest rental in the wrong neighborhood will never have as much potential as the ugliest house in…
Benefits of Transferring Your Rental Property to a Living Trust By, Michael K. Elson, Attorney There are many significant benefits to transferring your rental property and other assets to a living trust. The obvious benefits are that you will select the executor, or rather successor trustee, of your estate, and you will decide who the…