Question One: I own property in Long Beach and recently gave a rent increase to all of my tenants. One tenant refuses to pay the increase and tendered a rent check for the original rental amount. What are my options?Answer One: Obviously, you have the right to raise your rent to any amount you choose.…
Q: I served my tenant with a 3 Day Notice to Pay Rent or Quit and he called me during the three day notice period to tell me he moved and I could take back the property. He left the keys on the counter and he left some of his stuff behind. What do I…
ALERT – Senate Bill 407: Water Conservation Retrofitting Goes Statewide for Single Family Dwellings on January 1, 2017. Approved and Filed with Secretary of State on October 11, 2009. SB 407 Property Transfers: Plumbing Fixture Replacement The bill would require, on or before January 1, 2017, that all noncompliant plumbing fixtures in any single-family residential…
The Congressional Budget Office (CBO) reported that the federal budget deficit for fiscal year 2016 was a whopping $588 billion, up from $439 billion in FY2015. The CBO projects the deficit to rise to almost $600 billion in FY2017. That is bad enough. Yet the Treasury Department quietly reported that the national debt exploded by…
Strange times we are living in as investors. Figuring out what’s next has never been more difficult. What we have experienced in the last few years has been the effects of monetary policies unthought of and unheard of until now.
Uniforms Influence Rental Applicants One of the many simple yet practical and excellent suggestions made by Lisa Trosien, an instructor at the recent MrLandlord Convention, was to have a “company” name or logo printed on a polo shirt, to give the impression that you are wearing a “uniform”. Lisa often focused on the “psychology” of…
The below article was written by Richard A. Epstein, contributing writer of Defining Issues, a Hoover Institution Journal. Please send a copy of this article to every elected official you know…please. Everyone agrees the most attractive areas in California suffer from a housing crisis that calls for drastic action. The difficult question is deciding what…
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 14: The items above are just examples. Some of the clauses may be inappropriate for a home remodeling contract. There could be – probably would be – other provisions…
Should you be self managing your property or should you be paying a management company to deal with your property? It’s a question that comes up quite often around here and there really is no one answer that fits everyone.
For this edition of the Q&A column, we are presenting a summary of the various rent control measures that were on local ballots November 8. The summary is an overview of the most relevant aspects of each measure, and is followed by a link to a website where the complete measure can be reviewed for…