Owning real estate is a great way to invest your money and grow your personal wealth. Being a landlord can greatly increase your wealth, but it is also a lot of time and effort. In addition to your own finances and responsibilities, you must find tenants, obtain insurance, and pay a mortgage as well as…
Regardless of what economic trends are taking place, Delaware Statutory Trusts provide investors a number timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the Three T’s: tenants, toilets, and trash), the ability to create a more diversified* portfolio, and provide investors the potential for consistent…
Recently, California has imposed several unfunded mandates on rental owners. Other states don’t impose similar costs on rental owners. Sacramento has not yet lost enough millionaires and high-income taxpayers to restrain their policies. Most local owners recognize these mandates are likely to continue. The economics of rental ownership are shifting. Background California government policies created a…
Welcome to the Apartment List February 2023 Rent Report for Los Angeles, CA. Currently, the overall median rent in the city stands at $1,870, roughly the same as last month. Prices remain up 1.1% year-over-year. Read on to learn more about what’s been happening in the Los Angeles rental market and how it compares to…
Henry Ford, the father of Ford Motors, had a relentless focus on planning. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. This is the main concept I want to deliver in this article. Successfully operating your buildings is the goal for all investors. Achieving…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: I have a tenant that left without any notice, leaving behind a friend of his. This person has offered to pay the rent and I have refused. I told him that…
Apartment owners need to consider the possibility of a lawsuit, with the ultimate goal of ensuring your personal and business assets are shielded from seizure to satisfy a judgment. The first step to shielding assets is understanding how lawsuits work. Fortunately, proceedings of a lawsuit can be broken into six simple steps. 1. Injury or…
J.P. Getty had five wives in succession. Each one, in her time, probably told her girlfriends, “Of course I know what he’s like. But after we’re married I’ll change him!” The opening phrase “what he’s like” referred to his notable thrift. In personal relationships, marriages included, Getty was a miser. Once received, it was difficult…
Below are questions asked by rental property owners regarding California and Orange County rent control laws, followed by answers provided by eviction attorney Dennis Block. Question One: I have a tenant that left without any notice, leaving behind a friend of his. This person has offered to pay the rent and I have refused. I…
On January first of 2020 AB 1482 went into effect, and before anyone could begin to understand all the implications of the statewide rent control laws, that March we were faced with the COVID pandemic which brought about new restrictions that superseded AB 1482. Over three years have passed, and now that the dust is…