Should You Own Rental Property? By-Terry Moore

Rental ownership is face-to-face capitalism. It’s hands-on. When you own shares in a large corporation, you don’t get a say in how that company is run. When you own rental property, you make decisions that affect your income stream and the value of your asset. Good landlords increase their property’s value. The best landlords learn how…

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Legal Q & A By-Dennis Block

Question One: I own a condominium in Long Beach, California. It is currently leased on a month-to-month rental agreement. My daughter is getting married and asked if she could move in after the wedding. Based on her request, I served a 60-day notice to terminate one of my tenants. My tenant informed me that they…

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Did You Know By-Dennis Block

Under the newly created Tenant Relief Act (AB 3088): A tenant cannot be evicted for nonpayment of rent that became due between March 1, 2020 and August 31, 2020 if the tenant returns a declaration of COVID-19-related financial distress to the landlord. A tenant cannot be evicted for nonpayment of rent that became due between September 1, 2020 and January…

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You Can Leverage Your Parent-Child Exclusion from Property Tax Reassessment By-Kenneth Ziskin

ince the adoption of Proposition 13 in 1978, many long-time income property owners have benefitted greatly from property tax assessments that have grown more slowly than market values.  This has given them property tax savings frequently equal to 20-30%, or more, of cash flow before property taxes.   However, when you pass that property to heirs,…

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