By Al Aiello, CPA, MS Taxation “My lawyer told me umbrella insurance is enough to protect me, so I don’t need an LLC.” ~ An ill-advised Real Estate Investor With lawyers like the above, who needs
In the first half of 2013, ten discrimination complaints were filed with the anti-discrimination division by the Disability Law Center (DLC) as a result of fair housing testers. In each case, the DLC tested the landlords twice and each time found them to be discriminating. Of the ten cases, two have been settled so far. Settlements…
Stealing a car is a felony that is punishable by up to 10 years in prison and a $20,000 fine. Second degree robbery is a felony that is punishable by a minimum of two years in state prison and probation for
If you have a vacancy or an upcoming vacancy, your main goal is to get it rented as quickly as possible. The best way to rent your available unit is to make sure you
It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, more enjoyable. AOA wishes each and every one of you a happy, healthy and prosperous New Year and we look forward to being of service to you throughout the years to…
After a long dry spell, we have entered a market cycle where rents are increasing. As a building owner, you need to have your rents keep pace with the market with the same diligence you look after your
2014 could be a terrific time to be a landlord. Changes in the tax code could mean more business for us. As there have been for some time, there are rumblings about doing away with
[This proposed minimum wage increase would cost apartment owners big! If you have a manager or if you use a handyman to do repairs – prices will be going up!] President Obama is calling for a huge hike in the minimum wage to
In 2008, the Board of Supervisors passed Proposition M. While anti-harassment laws already existed, tenant activists pressured their allies on the Board to sponsor Prop. M – the Anti-Harassment Ordinance. Prop. M specifically called out more than a dozen actions treated as harassment by a rental property owner, including failure to make repairs, entering without…
One of the concepts behind How I Met Your Mother (now in its final season) revolves around the characters having unique memories of the same event, with one recollection often being very different from