Ironically it’s not just tenants that don’t understand renter’s insurance but it’s also landlords as well. Here’s why it’s important and here’s also what you need to know as a landlord. Your Insurance Covers Your Property Or at least it should if you’re properly insured! Depending on the type or amount of insurance, this covers…
The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads and 5-day cruises. The show will be held on Thursday, October 19th at the Los Angeles Convention Center in West Hall A, 1201 N. Figueroa!
Dear Accountant: How long should I hold my tax records? In my accounting practice of over 20 years, I have been asked this question way too many times; hundreds, of times. Ideally, I would like to respond by stating NEVER throw away any of your paperwork, ever. But that is a highly impractical answer to…
I’ve been in Property Management long enough to have good relationships with long term tenants. Some have been renters for 25 years or more. Their apartment is their home. Most tenants vacate voluntarily. Some get evicted. And some, unfortunately, pass away.
Ramsey Clark was the Attorney General of the United States from 1967 to 69. Talking about rights, he is credited with this comment – “A right is not what someone gives you, it’s what no one can take from you.” So-called progressives demand that all manner of publicly-provided goods and services are human rights. Food…
Losing an eviction case is a landlord’s nightmare. One of the most common ways an owner loses an eviction is by “waiver.” The theory of waiver is like the ocean in the movie “Jaws”: seemingly calm waters on the surface, but a monster beneath. Many landlords underestimate a waiver’s potential to sink their eviction case. …
Have you ever had your work force quit on you over a period of four weeks? That was your employees firing you! Whenever you lose a team key player, who you loved, to another company, you need to step back and wonder why. Let’s face it: in today’s economy, it costs a small fortune to…
In July, 2017, the California Senate voted to pass Senate Bill 2 which would impose a new $75 tax on real estate documents filed with each county’s clerk recorder. If the bill becomes law, the projected revenue — over $250 million annually — would be dedicated to low income housing programs.