Q: I have tenants who have not paid rent and are claiming they have bed bugs. Can I give them a three-day notice to pay rent or quit before I inspect the unit? A: No, you should not give a three-day notice to pay rent or quit until the bed bug inspection is completed and…
Why Do My Tenants Need Renters Insurance? Fire, explosion, smoke, and water damage are just a few examples of the types of losses caused by tenants. Did you know that: The average amount of damage caused by an apartment fire is $11,000. There are 103,000 fires set annually by tenants residing in multi-family units. 70%…
You are about to sell your property, and your CPA tells you that there is a large tax consequence lurking around the corner. In order to avoid paying capital gains and depreciation recapture tax, you consider a 1031 exchange whereby your taxes are deferred from the sale into a new property or group of properties.…
You know how we’re always having to explain San Francisco’s rent control to out-of-state visitors? Well, if New York’s Congressional Representative Alexandria Ocasio-Cortez (“AOC”) has her way, we won’t have to do that anymore, because every state in the nation will have rent control. The Congresswoman’s ambitious, anti-poverty bill, “A Just Society,” aims, in her…
Many of the same barriers to entry that are used to choose promising stocks can also be applied to help select auspicious apartment buildings. The elements are the same-but-different in the way that middle C is the same note whether played on the oboe or the cello, but the sound is not the same. The…
Start your New Year off by adhering to the below tips that will help you be a successful landlord:
Are you new to owning rental property and do not have a clue how and where to start? Or are you a property owner who has been in the field awhile and are seeking suggestions how to improve on your business and make it more profitable and productive? If you fall into either of these…
The City of Long Beach has contacted Better Housing for Long Beach and our legal team letting us know they intend to repeal the tenant relocation ordinance – the one that is the subject of our lawsuit. They included a link of a published article regarding their intention to repeal the tenant relocation ordinance.
Question 1: Is there a form to use for properties that are not exempt from the new California rent control law that begins 1/1/20? Is there a form to use for properties that the rent will be rolled back on 1/1/20 to 5% plus CPI? And what website do you recommend when determining the CPI for…
Question One: I allow my tenant to pay rent by depositing the funds directly into my bank account. When I did not get the rent, I issued the tenant a 3 Day Notice to Pay Rent or Quit. I did not receive the rent within the three days, so I initiated an unlawful detainer action.…