What we hope to do with this article is to explore a way to quickly estimate the value of an apartment building. Quickly means before the water boils. Estimate means that we’re not doing a formal appraisal, but we are ballparking the value. The process we’ll be using works on non-residential properties as well, but…
Q: I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to pay $20.00…
In a scene that hasn’t been witnessed in California in almost 30 years but was perhaps more reminiscent of the late 60’s, the Richmond City Council passed a rent control ordinance, limiting annual hikes to what currently amounts to 2%.
Question 1: Are there any new landlord-tenant laws we should know about for 2016?
Julie just purchased a 40 unit apartment property, built in 1980 in southern Texas, a town’s name that will be kept secret for now… to protect the innocent. It gets so hot in this part of Texas that all units have air conditioning and of course brick clad exterior to keep it cool inside. The…
Finally, those leaving property to their heirs will be able to avoid the expense of hiring an attorney. There is no need to make the inheritance of real estate so costly that it becomes a hardship on homeowners, especially low income families and seniors.
As we ponder our legacy and consider what we can leave to our kids, grandkids, friends and charity, most of us need not be too concerned about the impact of estate taxes. This stands in sharp contrast to the situation that existed not long ago. In 2001, estates exceeding $675,000 were potentially subject to these…
Cut-out Summary ALBERSTONE & ALBERSTONE DALE S. ALBERSTONE, ESQ. 1900 Avenue of the Stars, Suite 650, Los Angeles, CA 90067 TELEPHONE: (310) 277-7300 FAX: (310) 277-7307 Apartment Managers: Wage, Hour and Rent Laws for 2016
Hello everybody. Most everyone hopes that 2016 will bring about world peace, a strong economy, a good presidential election and other important things like that. As the legal writer for the Apartment Owners Association, my wish and 2016 New Year’s Resolution for AOA members is more modest, but nonetheless extremely important for owners and management…
While rental houses are a great line of business to get into, in order to make consistent cash flow and long-term wealth, there are a few survival strategies to consider. This is particularly true if you are managing them yourself. There are all kinds of reasons that rentals are a good, solid investment for most…