Comfort Pets Check out this commonplace occurrence. A prospective tenant fills out an application and indicated that she has no pets. A lease is signed which states that this is a “no pet” building. After the deal is consummated, the tenant presents a letter from a doctor who indicates that she has a disability and…
The U.S. Department of Justice has filed suit against the owner and manager of rental properties in the San Diego area who is alleged to have been sexually harassing female tenants and trading sex for rent discounts, according to a release.
Honorable Senator Scott D. Wiener: Bay Area Homeowners Network (BAHN) strongly opposes AB 1482, attempts to implement Rent Control statewide in California. AB 1482 will make the California housing crisis worse. Rent control laws have been proven to hurt renters and housing providers alike. Cities implementing rent control, such as San Francisco and Oakland, have…
I have recounted how ideas coming from California’s progressive politicians are not just destructive, but also how most result in outcomes diametrically opposite of what the left actually thinks they will have. Examples of this phenomenon are legion.
Last year, the San Diego City Council approved a ban on discrimination against recipients of Section 8 Housing Vouchers. The measure passed on a 6:1 vote with two councilmembers absent. For those of you with residential rental properties within the City of San Diego, you cannot say “no” to an applicant based solely on whether…
Below is an open letter sent to Liam Dillon of the Los Angeles Times. Dear Sir: Thank you for your interesting article. Unfortunately, it is very incomplete. Rent Stabilization (Rent Control) is a very complex, difficult and complicated subject. Let’s start at the beginning. Berkeley, Oakland, San Francisco, Santa Monica and West Hollywood have, by…
The following is an open letter from an anonymous Californian whose anger and frustration at the ongoing destruction of the state has boiled over. It reflects the feelings of so many people I know here, myself included. My friend would like this to remain anonymous but hopefully, get widespread attention, so please feel free to…
In residential real estate, the three most important things are…What are the three most important things in apartment investing? If you said location, location, location unfortunately you’re wrong, wrong, wrong. This truth is a shock to most new rental owners. But if you understand why, you can make more profitable apartment investments.
I have always wanted to come to the rescue like John Wayne did in almost all his movies. It didn’t matter if he was saving settlers from the bad guys in the Wild West, saving Shinbone from Liberty Valance, fighting at the Alamo, the Civil War or World War II; he always gave it his…
Hello everybody. This month, let’s discuss “back-up” offers as they frequently occur in connection with the sale of apartment buildings. Real estate purchase contracts often contain a provision that the seller may receive back-up offers even though the seller has an accepted offer with the buyer and may even be in escrow. Under real estate…