Should you promise to stand behind the loan on your property? Your gut reaction might be “I always pay my debts.” I’m right there with you. However, no one wants misfortune at one property to sink their whole balance sheet. As such, many investors opt for non-recourse debt to protect their net worth. Let’s review…
Question 1: Are the new Oakland Rent Control laws applicable to a condo that has been rented for the past 8-10 years that we need to sell, or raise the rent on. Where can we find the most up-to-date interpretation of this law as it applies to condo owners who have rented out their condos?
Dear Dan: My husband and I visited the AOA-Long Beach AOA office for assistance. As Landlords, we met with Rebecca for help with our Small Claims lawsuit. We want to inform you of how much we appreciate the help and time that Rebecca professionally extended to us. She spent a great deal of time with…
Continued from Part 77 . . . In Emily’s mind, apartment investments are by definition secure. Banks don’t lend $1 or $2 or $3 for every dollar of down payment the buyer contributes if the investment is risky. But, of course, not all apartments are equally secure. We’re using “secure” in the Buffett sense, meaning…
We get a lot of owners who call us undecided whether they should sell or hold. My advice to them every time is simply this: If you have a very good reason for the use of the net proceeds from sale, then sell. But in every other case, HOLD!
In recent years, the LGBT community has earned additional rights under the law in many different contexts. From same-sex marriage recognition to restroom access corresponding to a person’s gender identity, the law is constantly evolving. The Federal Fair Housing Act (FHA) does not specifically include sexual orientation and gender identity as protected classes. However, discrimination…
Question One: My property is under rent control in the City of Los Angeles. I understand that the City will allow a rent increase of 4% effective July 1, 2019. I have a rent increase that I can institute for April, 2019. If I raise the rent 3% in April, will I be able to…
1. Say “No” When you say “NO” you have more time to read, learn, sleep, ask questions, contact friends and love life. Say “no” more.
Allow me to introduce you to an economist I have read for years. His name is Richard F. Moody. He is the Chief Economist at Regions Financial Corporation (Regions Bank) headquartered in Birmingham, Alabama.
Lyndsey and Sharon Ballinger didn’t expect a cakewalk when a job change took them clear across the country and back, especially with two young children. What took them by surprise, however, was that moving back into their own house would cost them their savings and property rights.