You have heard it all before. Some of us have even said it ourselves – “Being a landlord can be a pain.” Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate. We also know all the benefits of investing in real estate. …
Q: What can I do if my tenant still owes me money after I applied the security deposit to the outstanding balance for unpaid rent and necessary costs to clean and repair the rental unit? A: First, you will need to fill out a security deposit itemization for back rent, cleaning costs, and damage beyond…
There are times when old technology is costly, more costly than upgrading. Continuing to accept quarters instead of upgrading to a digital payment system is definitely one of those things. Quarters in the laundry business have been standard for decades. The devices on the machines are relatively inexpensive and easy to extract the money from.…
When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they…
The past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately, were comforted in knowing their investments have gained a substantial increase in…
Below is AOA’s response to a recent FaceBook Post: “Too bad AOA isn’t actually contributing financially to any of our legislative fights ever!!! I would love to see that they did.” YOU are the Association, and we encourage you and all of our members to get involved!
Orchard Supply Hardware has announced that it’s going out of business due to low sales.
What is Costa-Hawkins? For landlords, and truthfully for the entire economy, Costa-Hawkins is a very good law. In 1995, the State of California enacted a law that stopped cities from imposing rent control on new construction, single family homes, condominiums and townhomes. It prevented municipalities from instituting rent control for buildings constructed after 1995. If…
To my surprise, the median price for a single-family home reached an all-time high in the last few months of over $600,000 in California. I believed with lending being so restrictive, California would have a hard time passing its former high in median price. That conclusion was wrong.
Question 1: Our tenant of three years is complaining of mold. We have inspected but see no visual evidence of mold. He says that he uses a mold detection device and the reader says there is mold in the air. What plan of action is required of us? Answer 1: As the owner, you always…