The Internal Revenue Service’s Criminal Investigation Division has opened up intensive investigations relating to tax and money laundering cases involving COVID-19 relief and has, to date, uncovered fraud totaling $3.2 billion. 236 Sentenced to Federal Prison To date, the IRS has found fraud in 975 cases they have investigated including a large amount of criminal…
On Tuesday, April 25th the Buena Park City Council will be meeting to discuss expanding existing rent control, increasing fees and enforcements. Date: Tuesday April 25, 2023 Time: 6:00 P.M. Where: Buena Park City Hall. 6650 Beach Blvd., Buena Park, CA 90622 WHAT IS BEING PROPOSED? Expanding rent control to ALL rental properties in the…
Rent Increase Limit Landlords can only raise a tenant’s rent once per year and at a rate that is no more than 75% of the annual rate of inflation. Landlords are now only allowed to give at most ONE rent increase in any twelve month period. The allowed increase described here will be in effect…
Mark your calendars for Wednesday, April 19th for AOA’s “Million Dollar” Trade Show and Landlording Conference in Los Angeles. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows, you may even go home with…
It is one of AOA’s goals to support you in making your business of providing housing for others more profitable, easier and more enjoyable! We also aim to provide information from which you will discover at least one idea that will help you make and/or keep more money than ever before. Our commitment to you…
The city of Los Angeles has expanded renter protections. The new protections now cover ALL RENTALS, including condominiums and single family homes in the City of L.A. NEW LAWS AND PROCEDURES Renter Protections Notice All residential rental property owners must provide a “Notice of Renters’ Protections” to tenants who begin or renew their tenancy on or…
Co-sponsored by Susan Eggman (D-Stockton) and approved by Governor Newsom on September 27, 2022, SB 1017 allows survivors who are tenants to retain their current housing, avoid eviction and even sue their landlord who tries to unlawfully evict them because of the abuse. “There are already significant protections in place in California for survivors; one…
Note to readers: The below tips are shared by landlords nationwide –please be sure to check the rental laws in your jurisdiction as they may differ from suggestions in this article. Ten Property Updates for Your Rentals One landlord recently asked her colleagues, “What do you include regarding your updates in your rentals, besides paint?” Here…
An Oregon judge has sided with landlords over the city of Eugene’s attempt to cap tenant screening fees at ten dollars ($10), according to reports. Two property management groups had sued the city over a city-imposed ten dollar ($10) cap on rental applicant screening fees. Thorin Properties and Jennings Group, Inc., charged in the lawsuit that…
Why buy an apartment building when you can RENT one? If you are buying an apartment building with the intent of improving and flipping it within a few years, the Master Lease Option for Apartment Building Strategy may be the way to go. Instead of going under contract, raising the down payment through syndication, and…