Mold has the potential for being an expensive and time-consuming discovery. It causes health problems and puts property owners at risk of losing tenants. The property could be considered uninhabitable and tenants have the option to break their lease, or worse, sue.
The Economist, one of the most respected publications in the world, published an opinion in its September 21, 2019 edition on the subject of rent control. The authors cite a shortage of rentals as the source of many of the challenges facing renters and owners today.
With the passage of the Statewide Rent Control, I have been receiving a deluge of questions regarding this statute. This month, the column will be devoted to the most popular questions that I have received regarding this topic.
Question 1: In addition to the new statewide rent and eviction control law you wrote about last month, are there any other new laws coming up we should know about? Answer 1: Yes, there are several. One pertains to the amount of notice that will be required to impose a rent increase exceeding 10%. One…
With utility bills on the rise and submetering systems often cost prohibitive, many property owners are considering ratio utility billing systems (RUBS). Instituting RUBS is an inexpensive way to make tenants financially responsible for their usage and incentivize conservation.
There are few things as frustrating, filthy and damaging as a clogged drain or toilet. Some systems seem to never have any problems; others seem to be constantly slowing or clogging and flooding things. What’s the reason for that?
Continued from Part 6 . . . Assuming Greater Risk What follows are additional examples of some of the techniques the Bond Geeks use to goose their returns. For clarity, the examples below will use hypothetical data and do not adjust for taxes, inflation, or other trifles that might obscure the larger point.
Recently, Swiss investment bank UBS and researchers at Campden Wealth Research published their annual report on the world of family offices. If you’re not familiar with the term, a family office is essentially a private wealth management group that handles investments, finances and other important matters for super-rich individuals and affluent families.
The Rent Stabilization Ordinance (RSO) allows a landlord seeking in good faith to recover possession of a rental unit for use and occupancy as a primary place of residence for the landlord, the landlord’s spouse, grandchildren, children, parents or grandparents or resident manager.
Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to…