Question 1: I have a duplex in Oakland with an illegal unit (garage conversion), with a tenant on a lease from August 2016 to August 2017. The tenant reported to city and city requested me to take down the unit. If I ask the tenant to move, besides a relocation fee do I pay him…
Hello everybody. For decades I have cautioned members of the Apartment Owners Association about two insidious provisions that frequently appear in laundry leases. One of them is the automatic renewal clause. The other is the “Right of First Refusal” clause. This month I will discuss both of them in the context of a long term…
Why are San Diego apartment investments so much safer than most other major cities? The first three articles covered 1) the basic advantages of all income property, 2) the specific benefits that come from San Diego apartment’s supply and demand and 3) force multiplier of San Diego’s unique rental ownership topography.
I seem to get a few emails/calls about being a landlord, so here are some quick thoughts from me on the basics of being a landlord, This article will focus on what skills do you need to be a landlord?
Like many true investors, you want to invest in and own cash flowing appreciating investment property for the long term. You want as much cash flow as you can get that is sustainable for a long period of time. You do your diligence, you analyze the numbers and of course the condition of the property…
On May 9, 2017, the San Jose City Council adopted the Tenant Protection Ordinance. Additionally, the City Council adopted an Urgency Ordinance making the new regulations effective immediately. The Tenant Protection Ordinance outlines landlord responsibilities and tenant rights regarding notices to terminate. Under the Tenant Protection Ordinance, landlords of multifamily dwellings, guesthouses and unpermitted units will only…
If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 18: Adding living area is what developers do, and it had a long history. She remembered that site at the edge of town, the…
Question 1: My Richmond tenant has asked to have a dog, though the lease specifies ‘no pets’. While we are not thrilled with the idea, she is a good tenant and keeps her place spotless. I’m looking for examples of ways to deal with this situation – can I charge pet rent or a pet…
(Shared by landlords nationwide) Landlords nationwide were asked: “What was the average cost of getting a property ready for rent once a renter moves out?” There was a range of responses. One landlord’s response was a bit concerning to me. The response was this: “No clue. It’s not something I have tracked or cared to track.…
Question One: The world has just become insane. I allowed a tenant to have a dog when she moved into the unit. She has now presented me with a note from a doctor. The notes states that due to her emotional state, she needs two cats and an additional dog! Please tell me that I can…