I am beginning to see the term “housing recovery” all over the place these days. I googled “housing recovery” and narrowed the results down to the last 30 days and 3,900 results show up. It sure seems like the “housing recovery” has become a widely accepted fact. Now, I’m no longer some big housing bear…
Below are common real estate investment field practices that can lead to disappointing results (mistakes) that, if allowed to do it again, should be avoided: 1. Not Sampling the Market Buying properties without thorough knowledge of current prices and practices.
This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com As the saying goes, “Happiness is a positive cash flow.” Empty rental units do not produce positive cash flows. What vacancies do produce are sleepless nights, gray hairs, and negative cash flows. You need to have strategies in place that will…
The US national debt topped $16 trillion in September and it was almost as if no one paid attention. At the rate we are going, the national debt will top $20 trillion just four years from now in 2016. In a previous column, I pointed out just how mind-boggling a trillion dollars is. Let’s revisit…
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. We’ve been preparing ourselves for significant inflation once all this Qualitative Easing is no longer quite so fashionable, but we may have been wrong. The reason is that demographics – the…
Q: I have a tenant who is on a month to month rental agreement and his rent has not been increased for the past four years. I would like to raise his rent from $1,000 to $1,200 per month. How many days notice do I have to give the tenant? In California, you must give…
Question 1: My tenant in a two bedroom San Francisco unit wants to replace his roommate, after we just went through that process a few months ago. I have reviewed the Rent Board’s website, and they indicate that the tenant can only do this once every 12 months unless the tenant has ‘good cause’. But…
Question One: I recently bought an eight unit building where one of the units is not legal. What are the ramifications of renting out this unit? Answer One: If you are in Los Angeles, the consequences could be serious. The tenant can legally stop paying rent and you would be forced to pay relocation money…
In a most interesting case published by the California Court of Appeal on August 29, 2012, the Court determined that a neighbor who cut down a single 70 foot tall Aleppo Pine tree straddling the boundary line between two properties was liable to the adjacent owner for $107,256.00! The facts of the Kallis vs. Sones…
AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And AOA Files Grand Jury Complaint Against Los Angeles Rent Control Board Trade Show a Huge Success! Our 30th Anniversary “Million Dollar Trade Show” last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by…