New Requirements under Statewide Rent Control As you might be aware, certain residential income property is exempt under AB 1482. This includes properties which received a Certificate of Occupancy within the last 15 years. In addition, Single Family Residences, Townhomes and Condominiums are exempt unless title is held in a corporation or a real estate…
Ten rental property owners share what they believe is the single best piece of landlording advice that they have ever received. Here are their school of hard knocks words of wisdom:
A Beaverton, Oregon man who threatened to kill his landlords and used mercury to deter people from entering his apartment has been sentenced to 40 years in prison, a sentence “commensurate to the danger he posed to his neighbors in the community,” according to the U.S. Attorney for Oregon. Jason Paul Schaefer, 28, of Beaverton,…
Hopefully, if you own apartments in the City of Los Angeles and are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fee which was due by February 29, 2020. The city raised the fee per unit from 24.50 to 38.75 per unit for 2020. They have also changed how you…
Under SB 329 and SB 222, all landlords in California will be required to accept Section 8 and VASH vouchers and other forms of rental assistance and to consider them as part of an applicant’s income. Both went into effect on January 1, 2020.
Q: I have tenants who have not paid rent and are claiming they have bed bugs. Can I give them a three-day notice to pay rent or quit before I inspect the unit? A: No, you should not give a three-day notice to pay rent or quit until the bed bug inspection is completed and…
Why Do My Tenants Need Renters Insurance? Fire, explosion, smoke, and water damage are just a few examples of the types of losses caused by tenants. Did you know that: The average amount of damage caused by an apartment fire is $11,000. There are 103,000 fires set annually by tenants residing in multi-family units. 70%…
You are about to sell your property, and your CPA tells you that there is a large tax consequence lurking around the corner. In order to avoid paying capital gains and depreciation recapture tax, you consider a 1031 exchange whereby your taxes are deferred from the sale into a new property or group of properties.…
Many of the same barriers to entry that are used to choose promising stocks can also be applied to help select auspicious apartment buildings. The elements are the same-but-different in the way that middle C is the same note whether played on the oboe or the cello, but the sound is not the same. The…
Start your New Year off by adhering to the below tips that will help you be a successful landlord: