It’s one of the most frequent complaints amongCaliforniatenants, and for a while there was little they could do about potentially hazardous mold in their units. Mold is hazardous and has potential for creating numerous health issues. Exposure to molds can cause symptoms such as nasal stuffiness, eye irritation, or wheezing. Some people with serious allergies…
One of the main reasons people invest in real estate is for the beneficial tax break it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are…
With the resounding defeat – 62% to 38% – of Prop. 10, one might conclude that the debate over rent control has been settled. After all, of the 58 counties in California, only San Francisco voted for repeal of Costa-Hawkins. Not only that, but even in the rent control stronghold of San Francisco, the vote…
People today get by with less space thanks to multi-purpose functionality, options for multifunctional components and a decluttering trend across the nation. Some people might choose a smaller apartment to reduce the rising cost of rent. Others want to live a simple lifestyle and save their money for experiences such as trips to exotic locations.…
On November 14, 2018, the Los Angeles County Board of Supervisors passed legislation that brings rent and eviction controls to the unincorporated area of the County of Los Angeles; which consists of over 125 unincorporated areas. In these areas, you can now only evict a tenant for “just cause.” While this is “a temporary measure”, the…
Excessive Complaints Can Be a Nuisance We all have experienced tenants that are hypersensitive. They will complain on almost any issue. While a tenant certainly has the right to express displeasure, these actions may rise to the level of a nuisance. For example, a tenant cannot retaliate against another resident based on perceived excess noise. If…
Emily’s Notes: Risk You’ve heard the saying, “To win big you’ve got to bet big”? That pretty much incorporates the essential elements of risk right there: there are two sides to it. “Risk” is not the same as “loss” because there is also the chance of gain. A symmetrical risk profile has a 50% chance…
Should you write-off almost anything? Maybe not, if you want to refinance your property and get access to your hard-earned equity. Consider that for every $1 reduction in reportable income, you could decrease your potential loan amount by $11-13. You Mean I Should Pay More in Taxes? It depends on your appetite for debt. If…
Q: I am a landlord and my tenant normally pays me the rent in person. A person I have never met is trying to pay the rent on behalf of my tenant. The check has the name of the third party on it and I do not want to create a tenancy with this new…
Betty Friant: So, Dwight. Thanks for taking the time to go over a critical part of the 1031 Exchange process.