Hello everybody. In case you have not heard, get ready for tenants having more time to pay their rent and it taking more time for landlords to evict them when they don’t! Starting September 1, 2019, the counting of days will be lengthened for the 3 days which must elapse after the service of a…
Continued from Part 78 . . . Lending – Notwithstanding the potential for inflation-related losses, there are many reasons to buy bonds. An obvious example might be when a major expense is expected in a couple of years (grand-daughter’s wedding, etc). The investor has the money now, but doesn’t want to put it into stocks…
When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they…
Dan and Maria Levin live in the upstairs unit of their two-story home in San Francisco, California. They would like to use the lower unit for friends and family, but a city ordinance required them to pay their tenant $118,000 to withdraw the unit from the rental market. This amount represents the difference between the…
Q: I rent a residential unit to a tenant on an oral agreement. The rent is due on the 1st of every month. The tenant keeps paying late and I want to charge him late fees. Can I do this? A: No, you cannot charge a late fee without a proper late fee provision in…
You have heard it all before. Some of us have even said it ourselves – “Being a landlord can be a pain.” Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate. We also know all the benefits of investing in real estate. …
Among the most notable elements of the Tax Cuts and Jobs Act of 2017 is a new deduction for pass-through businesses. A pass-through business, (about 95% of U.S. businesses are pass-throughs), is one that does not pay corporate income tax. Starting in 2018 and continuing through 2025, qualifying pass-through business owners can deduct from their income…
The three most important things in real estate are location, location, location. We have heard that claim all our lives. So why do fewer than 10% of the apartment transactions happen in the glamourous zip codes? Are rich people dumb about investing, or is there more to the story?
ONE MAN’S TRASH IS ANOTHER MAN’S MONOPOLY! Dear Councilperson Kortez, Reina Pereira, Wendy Bruget, Amanda Mejia: We met with Councilman Koretz in his office on February 7th, 2019. You were all present for our meeting and discussion. Among other issues we spoke about the unjustified extra fees for over-fill and overweight charges. The Athens Company admitted that they didn’t have scales…
Mark your calendars for Wednesday, April 17th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows? You may even go home with…