Question One: I leased a house to a tenant. I requested a security deposit in the sum of $1,500 and he promised that it would be paid within 30 days. It has now been four months and he refuses to pay the security deposit. I had him sign a one-year lease. What can I do…
California Storm Threatens $725 Billion Worth of Damage On July 4, 2019, a 6.4 magnitude earthquake hit just north of Los Angeles, California. The next day, a 7.1 magnitude earthquake hit the area. Now, scientists are predicting a massive California storm that could cause a building toppling earthquake and the collapse of the Whittier Narrows…
The California State Assembly passed a mandatory Individual Healthcare Insurance Responsibility Mandate under which a penalty may be imposed for each month that an individual fails to enroll in and maintain essential coverage.
California lawmakers have passed a five-percent-plus-inflation rent cap bill. Gov. Gavin Newsom, who put together the deal to pass the bill, said he would sign it [signed Tuesday, October 8th]. The California rent cap will take effect January 1, 2020 for the next 10 years at which time an “effectiveness” report will be submitted.
Things change: your perspective, your appetite for risk, and even your investment criteria. Sometimes the best thing you can do is move forward, and that can mean selling an investment property. When this time comes, you will have to pay off any existing liens before transferring title. For many investors, the biggest lien is their…
It is becoming increasingly clear that the Left and the mainstream media believe the only way to get President Trump out of office next year is a U.S. recession. They are increasingly stoking fears of a recession next year, and that led to some wild markets last week. The Dow Jones plunged 800 points last…
There is a misconception regarding what is ADA [American Disabilities Act] Compliance is and how as a property owner in California to achieve it. I have written several articles in the past for the AOA because I am constantly surprised at the amount of incorrect information out there for the public – especially for those…
Q1: I have owned and managed multiple buildings in the L.A area. Some of my buildings are considered soft story and I have already completed three properties with the same company. They are almost similar in the number of units, yet the third building took substantially longer to complete than the other two. Overall, I…
The below article was written by Gabe Johansen of SMI Commercial Real Estate from the Rental Housing Journal. Over the last few months, you have undoubtedly read numerous articles about rent control.
Have you ever wondered why certain storefronts, and apartments, etc. seem to remain vacant longer, than other similar ones which might be owned by different owners/ landlords?