If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 70: Diversification Emily, after reviewing once again the positives and negatives of property ownership, thought there was no question about it: the benefits heavily outweighed the risks . .…
We have a new mayor; let the resurrection of our beautiful city begin! We desperately need for the people living on public streets to be elsewhere. We need for the price of rentals and home purchases to stabilize. Fulfilling these two goals will be the toughest of jobs, requiring our army of people at City…
The below open letter was sent to Mayor Garcetti and City Council members. OPPOSE Ballot Measure Affordable Housing Act! Dear Friends: I believe there’s a great deal of misinformation pertaining to our Rent Stabilization Ordinance (FSO) and the impact of the repeal of the 1995 Costa-Hawkins Fair Housing Act. We should all meet. Let’s start…
Dear Mayor Garcetti: I’m certain that when you served on the City Council and chaired the Council Housing Committee, you always made certain that important housing legislation was thoroughly examined, reviewed and evaluated by not only tenant rights representatives, but also several apartment association staff and leaders. Your outreach was outstanding.
[AOA: Do you think your city is going to be any different in the future than what the city below is proposing? Folks, this is the future that the renters and politicians have envisioned for you and me and their first step is Prop. 10! Then, their next step will be statewide “tenant welfare” (rent…
Do You Keep Up with Market Rents? According to a Rent.com survey, as many as 80% of property managers across the U.S. over the last couple of years have raised rents. Have you raised rents this year? Mom and Pop landlords often mistakenly charge lower than market rent. When I mentioned this on MrLandlord’s Facebook page, a landlord responded:…
In a noble but misguided effort to combat racial discrimination, the City of Seattle passed a series of ordinances forbidding local landlords from choosing their own tenants: A “first in time” ordinance requires landlords to rent to the first financially-qualified tenant who applies. And the “Fair Chance Housing Ordinance” forbids landlords from considering applicants’ criminal…
California Landlords Settle Over ‘No Criminal Record’ and Discrimination California landlords have reached a settlement and agreed to pay $8,000 after a complaint alleging they used a policy of “no criminal or police record of any kind,” and in addition discriminated on the basis of race and national origin.
In January 2018, Assembly person Richard Bloom’s AB 1506 was challenged and defeated in the Assembly Housing Committee. If successful, it would have automatically eliminated and repealed the protections for small apartment owners afforded by the 1995 Costa-Hawkins Fair Housing Act. After the defeat, tenant activists, eviction attorneys, the Statewide Tenant Union, Tenants Together and…
Question One: My rental is undervalued and I am planning to bring the rent up to market level. I am also planning on increasing the security deposit at the same time. What do I do if the tenant only pays the new rent and refuses to pay the increase in the security deposit?