Last year in October, the Council of the City of Los Angeles passed Ordinance # 183893 mandating the retrofitting of residential and mixed-use, wood-framed, soft-story buildings that have four or more dwelling units. Included in this ordinance are a number of non-ductile concrete buildings as well. Most of these buildings were constructed prior to the…
I am sure you are curious what the answer to this “must have” is and why is it so important? Let me start by explaining the purpose of an Emergency Red Binder. Every employee should be prepared for emergencies and as we all know it is always too late if we are not ready. The…
Hello everybody. Most everyone hopes that 2017 will bring about a strong economy, an end to higher taxes, a peaceful transition for the new presidential administration, and other important things like that. As the legal writer for the Apartment Owners Association, my wish and 2017 New Year’s Resolution for AOA members is more modest, but…
ALERT – Senate Bill 407: Water Conservation Retrofitting Goes Statewide for Single Family Dwellings on January 1, 2017. Approved and Filed with Secretary of State on October 11, 2009. SB 407 Property Transfers: Plumbing Fixture Replacement The bill would require, on or before January 1, 2017, that all noncompliant plumbing fixtures in any single-family residential…
Q: I served my tenant with a 3 Day Notice to Pay Rent or Quit and he called me during the three day notice period to tell me he moved and I could take back the property. He left the keys on the counter and he left some of his stuff behind. What do I…
Question One: I own property in Long Beach and recently gave a rent increase to all of my tenants. One tenant refuses to pay the increase and tendered a rent check for the original rental amount. What are my options?Answer One: Obviously, you have the right to raise your rent to any amount you choose.…
Uniforms Influence Rental Applicants One of the many simple yet practical and excellent suggestions made by Lisa Trosien, an instructor at the recent MrLandlord Convention, was to have a “company” name or logo printed on a polo shirt, to give the impression that you are wearing a “uniform”. Lisa often focused on the “psychology” of…
Strange times we are living in as investors. Figuring out what’s next has never been more difficult. What we have experienced in the last few years has been the effects of monetary policies unthought of and unheard of until now.
The Congressional Budget Office (CBO) reported that the federal budget deficit for fiscal year 2016 was a whopping $588 billion, up from $439 billion in FY2015. The CBO projects the deficit to rise to almost $600 billion in FY2017. That is bad enough. Yet the Treasury Department quietly reported that the national debt exploded by…
The below article was written by Richard A. Epstein, contributing writer of Defining Issues, a Hoover Institution Journal. Please send a copy of this article to every elected official you know…please. Everyone agrees the most attractive areas in California suffer from a housing crisis that calls for drastic action. The difficult question is deciding what…