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…
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.…
Hello everybody. Regular AOA readers of this column know that my most passionate recommendation to owners and management companies who employ resident managers is have their managers sign a written employment agreement setting forth the terms and conditions of the hiring.
Continued from Part 12: The incentives broke out thusly: If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D.…
In a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes. In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection:…
Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commercial buildings? Investor Richard Montgomery takes on this question from a reader.
When I was a kid, we’d play a game called “Telephone”. A group would sit in a line of chairs and the first person would whisper a statement into the ear of the person sitting next to him or her. Let’s pretend that the whispered statement was, “I enjoy driving fast cars”.
If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOW. The new Proposed Regulations, released in August, are designed…
Hello everybody. As most AOA members know, last year the State of California enacted a so-called “Sick Leave Law” to provide paid time off for California employees. Under that legislation, all employers who employ one or more individuals that work in California for 30 days or more per year must provide those employees with paid…