The below letter was sent to Assemblyman Adam Gray Dear Friend: There is a housing crisis. In high-tech communities in the Bay area, Santa Monica, West Hollywood and other locations, the municipal leaders have not provided for a plan to promote “affordable” housing.
DetailsEvery quarter I have clients on the fence about whether to close on an in-escrow investment or walk away from it. Often, the buyers realize that the owners or the in-place management firm has blundered to such an extent that it affects the value of the property. Those mistakes or deficiencies can be a possible…
DetailsIt is important that property owners and management companies, are adequately privy to safety issues, and also informed of solutions for those issues that are present on the properties they maintain. Due to lenient railing codes in the past, apartments/condominiums, and hotels can be particularly dangerous. In the U.S., approximately 140 children die every year,…
DetailsQ: My tenants have paid by personal check for the last year. I prefer for my tenants to pay in cash so I do not have to go to the bank. Can I demand that the tenant pay me in cash?
Property owners faced with the burdensome cost having to complete seismic retrofits in California are turning to a new type of financing called Property Assessed Clean Energy (PACE) as a solution. One of the newest and fasted growing types of financing in the country, PACE has carried the growing trend of renewable energy and environmental…
Detailsfrom Small Property Owners of San Francisco State legislators are sponsoring a record setting 130 housing-related bills during this legislative session. Below are the most important.
DetailsIn a new survey of 700 rental property owners across the country, maintenance, repairs and replacement continues to be the biggest stressor overall for property owners and managers, according to Buildium.com. Overall 61% of respondents reported maintenance and repairs as stressful, compared to 62% last year, according to the survey. “It is clear property owners…
DetailsA version of this article first appeared on November 10, 2016 in The Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. Transfer payments which many wrongly understand as “insurance” are known as mandatory spending. The Pentagon and other government efforts (like building roads)…
DetailsOpen Letters to Mayor Garcetti and L.A. City Council Members Dear Mr. Mayor: I have enclosed an article from the AOA magazine for you to read if you haven’t already. The position of this organization is my position and I am in concert with their requests of you. I feel that the city has unilaterally…
DetailsThe below letter was sent to the Manager of KCET regarding a recent telecast on “City Rising”. Dear Program Manager: Thank you for your interesting program. Unfortunately, you did not interview or discuss some of the problems, difficulties or challenges facing small, family apartment owners who handle and manage properties in Oakland, Santa Ana, Boyle…
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