Hello everybody. At the time when interest rates on mortgages are at a near historic low, AOA members might find it surprising that I am devoting this article to a discussion of high interest rates, that is, usurious interest which exceeds the maximum rates California law allows. Even with overall low rates, occasionally lenders impose…
Question 1: Is there a new bedbug disclosure requirement that just started? Answer 1: Yes. New Civil Code section 1954.603 provides that on and after July 1, 2017, prior to creating a new tenancy for a dwelling unit, a landlord shall provide a written notice to the prospective tenant with specific information on bedbugs. This…
Mort Studebaker was the owner of single family home rentals. His rental agreement required the tenants to take care of the landscaping. A simple concept you would think, but not really. First of all, the tenants didn’t really read the couple lines of fine print in his agreement and they knew nothing about landscaping or…
Many commercial businesses in Los Angeles are falling prey to the price gouging which comes from a closed monopolized method of providing trash service. Much like the DWP, the rates and increases are set or granted by your elected officials. With few exceptions, you must pay what they charge.
Everyone in the property management business knows certain times of the month are exceptionally busy. Even managers and leasing people who are experts at scheduling will occasionally get “double booked” or swamped with “drop in” visitors. Being able to handle more than one thing at a time and to do so graciously is just part…
The “battle zone environment” of the downtown Los Angeles Superior Court is something to witness in person if you have never been there to experience it. It is not for the genteel or the faint of heart. The downtown Los Angeles Superior Court, located in the Stanley Mosk Courthouse, at 111 North Hill Street, is…
Recology’s proposed rate hike for refuse collection was a major topic of discussion at our April members’ meeting. Paul Giusti, Recology’s Community and Government Affairs Manager, explained the proposed refuse collection rate increase; 16.5 in year one, 5% in year two and 0.6% in year three – (a total increase of 22.1% over the next…
Question One: My property insurance policy states that no Pit Bulls or German Shepherds may be maintained on the premises. The presence of those breeds would void or cancel my policy. Can I use this as a valid excuse not to accept those breeds, including service and emotional support animals?
With the ever-changing rent control regulations and the new state and federal laws, what is the best way for a landlord to stay informed and keep up-to-date? How can you make sure you are not following outdated rules and regulations or using obsolete rental forms? AOA has your solution and all you simply have to…
If you’re investing in a second home, we’ve gathered some insurance basics that will help you make the best buying decision when it comes to determining insurability and estimating your ongoing cost of ownership.