Annual Rent Increase is Fraudulent As an example, every year in September, the Los Angeles Housing Department (LAHD) is charged with responsibility of examining the Consumer Price Index (CPI) and comparing the increase or decrease over the last previous years. It’s an arcane formula.
For property managers, securing long-term tenants through lease renewals is essential in building a successful, stable business by avoiding low vacancy rates and high turnover. Unfortunately, a recent renewal intention report from Kingsley Associates and MFE has brought property managers some disappointing news: for the first quarter of 2016, only 51.4% of residents responded that…
If you are a party in a case that will likely go to trial, this article is part two of a two-part series that presents some important action items that you can do to prepare for trial and to help your attorney prepare for trial. Here is a continuation of some important items you should…
Q: I want to sell my rental property but I have a tenant living there. They are in a one-year lease that doesn’t terminate until June. Can I break the lease by selling the property?
Technology has revolutionized the way many companies and entire industries do business – including property management. In some rental offices, everything from leasing to rent collections, purchasing and maintenance requests, etc., are being logged, inputted, tracked or entered into a variety of computer programs and databases. All of these processes are designed to improve accuracy,…
The U.S. government and Department of Veterans Affairs have taken the bold step of assisting all veterans displaced from housing. But we need your help. Many SPOSFI members are already aware of the HUD-VASH Program, and several have taken advantage of the benefits that come with renting to a veteran.
Question One: I have an 18 unit apartment building in Anaheim. I would like to advertise my building as a no pet building. Am I legally allowed to state that in my advertisements?
My wife, Hinda, who helps me with planning for clients, and I have been lucky enough to meet hundreds of wonderful apartment owners though the AOA seminars we have done throughout California. The majority of them planned ahead years ago and built living trust based estate plans to protect their families. Unfortunately, almost all the…
It is upsetting when we get tenant complaints as a landlord. It is hard work renting apartments or homes to tenants and it takes people skills and management skills. Many times our goal as a landlord is to simply avoid tenant complaints. But there are principles, if properly used, that can reduce or eliminate tenant complaints. Do…
If you’re buying your first or your fiftieth property, one challenge that almost every real estate investor runs into is financing their properties. In a perfect world, we’re all sitting on huge trunks of money and can simply purchase a property all cash. No financing required, no banks or brokers required and it all gets…