Hello everybody. Owning apartment buildings is not a 9 to 5 job. In fact, it is 24/7 work. An owner never knows when a tenant or resident manager will telephone or text about an emergency in a building, be it a fire, water coming through the tenant’s ceiling, the motorized garage gate won’t close (or…
With the cost of housing continuing to rise in California and across the country, Senator Harris recently introduced legislation that would provide rent relief for Americans struggling to make ends meet. The Rent Relief Act would create a new, refundable tax credit to put more money in the pockets of families at a time when renters’ wages…
A landlord started a discussion on our rental owners’ forum asking landlords to share their favorite statements which rental applicants make that will instantly cause the landlord to consider not renting to them. One landlord admits that the reason they want to actually meet the applicants in person during the showing is because they are…
No Good Deed Goes Unpunished If you allow a guest to stay on your property for 30 days, your guest will gain possessory rights to your property. This is true even though no rent was charged. The police will not assist you in forcing this guest to move. In addition, it would be considered a…
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!