Question One: I have a rent control apartment in the City of Los Angeles. I have a tenant who brought in an extra person without my permission. What are my options? Answer One: You have two options. Your first option would be to serve a 3 Day Notice to Perform or Quit, which would give…
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 an iPad and 5-day cruises. The show will be held on Thursday, September 12th at the Los Angeles Convention Center in West Hall A, 1201 N. Figueroa!
Continued from Part 2 . . . Diversified Coin Flip – Time goes by. Uncle Fred offers to divide your retirement account into two equal parts (Part A and Part B) and conduct a separate coin toss for each half. Whether heads or tails, the results of each coin toss for Part A will be…
Q: I hired a property management company to take over managing my properties. What do I need to do to let my tenants know that I will not be managing my properties anymore? A: You are required to serve your tenants with a notice of change of ownership/management every time ownership or management changes. This…
Earlier this year, State Senator Scott Wiener (D – San Francisco) introduced legislation to dramatically increase taxes on wealth transfers by California residents. This follows the failure of a proposed California Estate Tax initiative to qualify for the 2018 ballot. His bill, SB 378, would put a referendum on the 2020 General Election ballot to…
You own and operate a property management company in California. You have your license, you’ve done the training, you’ve provided excellent service to your clients, and built your business … but, you’re concerned aren’t you? What if something goes wrong? What if there is a fire? What about deferred maintenance? Am I doing everything I…
Previously, I reported that household debt rose to a record high in the first quarter, but also that household balance sheets improved to the best level in years, according to the Federal Reserve. Well, new Fed data came out with some specific numbers.
Economist Thomas Sowell once quipped, “The first lesson of economics is scarcity” and “the first lesson of politics is to disregard the first lesson of economics.”
Question 1: My tenant just gave me 30 days written notice. If I give her a 24-hour notice via email or text, can I show the unit to prospective new tenants? I thought this was a given but she claims I can’t show the place until she has vacated the property. Thanks in advance for your…
Create More Value, Increase Rent Let’s say you have a single family rental: 1,200 square foot, two bedrooms, one bath that also has a living room and family room. Your last renter has recently moved out and you are preparing to get it ready to re-rent. You take Mr. Landlord’s advice about the first thing…