LOANS Lenders are risk adverse and have long memories. By now they’ve pretty much learned that there are some places where they have more loan losses and some places where they have fewer. Loan losses are minimized in “preferred” areas where there is the expectation of continued high demand. That means that if (in lender’s…
We’ve always thought it a bit odd how every January, when the Governor releases the proposed state budget for the following fiscal year, there is barely a drop of ink used by the main stream media about the impact to citizen taxpayers. Sure, as a spending document, the interests that receive government largesse – welfare,…
[Editor’s Note: Landlord Law & Multi-Housing Report includes expert analysis of the latest legal developments in the rental housing sector as well as news about the multi-housing market, landlord-tenant relations and successful management strategies. Rental housing laws vary from state to state and some may not be applicable to California; however,
27 Landlord “Never Agains” Once a landlord has been in business a while and learned a few things “the hard way” there often comes a point where he or she stops and makes the declaration, “NEVER AGAIN!” Well, the following is a list of those shared by landlords nationwide to help them avoid very costly problems…
As part of the financing of Obama Care, Congress created Internal Revenue Code Section 1411, which created a new 3.8% Medicare tax. The new Medicare tax took effect on January 1st and will apply to net investment income of individuals with a modified adjusted gross income of at least
Investing the time and money required to maintain and cultivate a positive working relationship with your tenants can be the difference between amicably discussing and settling differences and a costly lawsuit. Working on the relationship also creates
Q: I served my tenant with a three day notice to pay rent or quit and he moved most of his belongings out during the three day period but he did leave some of his personal property behind. What am I required to do with the things he left behind? When a tenant leaves property…
Rent Control Hurts Everyone Dear AOA: Peter Reitz, in his November 2012 article “Rent Control”, is quite right that rent control is an illegal taking of the landlord’s assets. Costs continue to rise, but the allowed rent doesn’t keep up with the costs. Suddenly the landlord is working for nothing. He may even be losing…
On June 25th, 2012, the Department of Justice (DOJ) announced its largest ever disability related settlement that also included the departments largest civil penalty in any Fair Housing Act (FHA) case. The case was one that centered on the FHA’s disability protections and design and construction requirements and was settled for a record $10.5 million…
You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Thursday, April 25th at the Long Beach Convention Center in Hall C, 300 East Ocean! You’ll meet vendors galore with new products and services; you can attend FREE landlording…