[In December], I received a Christmas present from a nonpaying tenant. He abandoned the rental after paying nothing for six months. Within hours, I re-rented it. I called an existing tenant living in a studio. He wanted the bigger place. Another tenant referred her daughter to me to occupy his studio. Both units will be…
To combat the statewide housing crisis, government officials in Sacramento have passed legislation to encourage property owners to add accessory dwelling units (ADUs) – small, secondary homes – to residential zoned single-family homes and multi-family buildings. The idea is that adding ADU’s will create more affordable housing in California. An ADU can be a stand-alone…
Legacy wealth doesn’t usually accrue in one investment. It takes several escrows over many years. This post is about apartment investment decisions, with an “s.” You will make those decisions as you make the learning journey of apartment investing. A well-honed decision process will increase the odds that you’ll make better investment decisions. I believe that…
Repairs Many times, a tenant will have an issue with a specific repair person and demand that the landlord use another person. Be advised that it is the sole discretion of the landlord as to who will accomplish the repair. Unless an incident of improper conduct occurred, the landlord should not allow a tenant to…
The below article was written by CalMatters. CalMatters COVID-19 coverage, translation and distribution is supported by generous grants from the Blue Shield of California Foundation, the California Wellness Foundation and the California Health Care Foundation. As California continues to ride its worst wave of the COVID-19 pandemic, public health officials have more unsettling news: Six…
In this time of New Year’s resolutions, here’s one for California: Stick to the basics. Unfortunately, our elected leadership believe that any problem needs a government solution. This mindset has caused California to lose focus away from important functions that are properly within the purview of government. Here’s a short list of matters that our…
The U.S. Bureau of Labor Statistics (BLS) reports the Consumer Price Index (CPI) and the Producer Price Index (PPI – wholesale prices) every month. The CPI rose 0.2% in November, according to the BLS, and was up only 1.2% for the 12 months ended November.
Two attorneys recently joined the National Real Estate Investors Association for an online discussion to help landlords and property managers understand how best to deal with the new federal eviction moratorium. [The] nationwide federal eviction moratorium had been ordered through the Centers for Disease Control (CDC) to halt residential evictions through the end of December…
Last month, the City of Concord adopted an ordinance prohibiting smoking and vaping in and around multiunit and attached residences. This restriction applies to both interior and exterior areas (patios, balconies, decks, and porches) of rental and ownership housing types including: apartments, attached condominiums, and townhomes. A designated smoking area can be established if certain criteria are…
What Are the Landlord’s Responsibilities? Before we talk specifics, let’s cover when and how a security deposit refund should be handled. The landlord has 21 (calendar) days from the day the keys are handed back by the tenant to mail the Security Deposit Refund letter (AOA Form 133). If the expenses total more than $125,…