How to Be a More Successful Landlord- By Jay P. DeCima

Operating rental properties and dealing with your tenants are not separate jobs.  They are inseparable parts of landlording. I owe a great deal of my real estate success to my landlording abilities.  Some folks argue that professional property managers are paid a decent percentage of the gross rental income to relieve owners of this thankless…

March 2020 Letters to the Editor …

Dear AOA:  Today I received my 2020 RSO bill.  On the top is reads:  “New in 2020: The RSO Fees Per Unit Have Been Increased.”   My building is under rent control.  This year, I was allowed to raise my rents 4%.  My RSO unit fees were INCREASED 18%!!  That is crazy. The RSO fee…

Use it or Lose It – Regs to Cut Estate and Gift Tax Exemptions in Half After 2025- By Kenneth Ziskin

California apartment owners should have cheered the Tax Cut and Jobs Act (“TCJA”) provisions that doubled Estate and Gift Tax Exclusions beginning in 2018.  For many apartment owners, these provisions increased the Exclusion to $11.58 million for a single person, and $23.26 million for a married couple in 2020.   Unfortunately, the doubling was only temporary,…

DID YOU KNOW- By Dennis Block

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…

Legal Q & A by – Franco Simone, Esq.

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…