Have you ever been in a grocery store at a sporting event and there was zero cell service? That feeling you get when you are separated from your friends and family and can’t send them a text or check on a major developing news story? It’s frustrating and sometimes scary, right? Now imagine you are…
There are many ways to build legacy wealth. Wise investors select the strategy which best fits their personality, capacity, and goals. The four-part series describes proven legacy wealth strategies. This article is about repositioning. In my first piece, I covered rehabilitation. The next articles will cover owning classic properties, and maintaining capital with low-risk and…
Rent control policies have come back in vogue for some cities grappling with higher housing rents and people worried they will not be able to live in growing, prospering cities. Perhaps no city in the country encapsulates the concerns about housing affordability and availability more clearly than San Francisco, where the median rent for a…
The Housing Choice Voucher Program (commonly called Section 8) provides rental subsidies to low-income tenants to rent from private landlords. This program, established in the 1970s, currently provides assistance to 2.1 million tenants. Key to the program’s success is the participation of rental property owners and managers, who often have a choice of whether to…
As you know, a lot of predictions are made this time of year – about the economy, the markets, interest rates, inflation, etc. Some forecasters are predicting that 2018 will finally be the year when inflation takes off and returns to higher levels. However, some of these same prognosticators have been saying the same thing…
When you’re a third-party manager of an apartment community, you have two groups of customers: the owner of the property and the residents. At first glance, it may seem as though balancing the needs of these two groups would be difficult. After all, their objectives are quite different: the owner wants to see consistent revenue…
The below letters were written and sent by Attorney Michael Millman. To: David Zahniser Los Angeles Times Dear Sir: Thank you for your excellent article. The Department of Sanitation has no protocol, procedure or arrangement for a condominium owner, apartment owner or others to challenge or otherwise contest the rates that appear on their bill;…
I wrote the following to the councilman from District 3, but the points made are relevant to all districts throughout the city. Athens and Republic have sent letters to me regarding an increase in rates starting January 2018 despite me just starting service. I also recently spoke to Waste Management (the L.A. manager) and…
There were nine insights for property managers heading in 2018 that were shared in a recent webinar featuring a survey of 1,200 property managers across the country. Buildium.com did the survey along with the National Association of Residential Property Managers (NARPM), in August and September of this year to provide property managers ideas around strategy…
Following a lawsuit where a family had won $546,000 from a Rancho Cucamonga hotel, in December of last year, one of Los Angeles’ largest apartment complexes in the Miracle Mile was ordered to pay 16 of their tenants a total of $3.5 million dollars! The tenants, most of who since moved out of the building,…