Hello everybody. In recent years the incidents of lawsuits filed by disgruntled resident managers against their employing owners or management companies has grown from rare to frequent. The principal reason for this is the ease by which managers can now access applicable laws by using the Internet.
Q: I have a potential tenant that has been arrested in the past. Can I deny his application based on his arrest?
Whether you are a Republican or a Democrat, conservative or liberal, you will want to be aware of what I write about below. The “Establishment” Republican leaders are quietly pushing for a huge tax increase that has yet to get much attention in the mainstream media.
Just like in any other business, marketing in multifamily has core groups of people to focus your marketing efforts on. One of these core groups is current residents. A well-known rule of marketing is that it is easier to sell to an existing customer than to a new customer. For starters, the existing customer is…
DetailsToday, multifamily housing investors look for renovation ideas that offer them optimal utilization of available space within their budget. A professional renovation contractor can help you augment the exteriors and interiors of your home aligned with your business objectives. Every year the multifamily industry witnesses change in home remodeling and designing trends and 2017 is…
DetailsQuestion One: I have a tenant in a rent control property located in Los Angeles. This tenant is on a two-year lease agreement. After the first year, is it permissible to raise the rent 3%, pursuant to the rent ordinance?
When was the last time you had a walk-through with your tenant prior to them vacating the unit? The law regarding having a pre-inspection with your tenant was passed in 2003 however, many of you are still not following the proper procedures. Did you know that the number one reason a landlord is sued by…
DetailsDemocrats on the Senate Governance and Finance Committee blocked Senate Resolution 39 by Senator Mike Morrell (R-Rancho Cucamonga), a measure that would have recognized the historic passage of Proposition 13 and its role in keeping property taxes low for homeowners. The committee’s rejection of this measure comes on the heels of the largest gas and car tax…
DetailsIf 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 21: A little small talk, then Emily put her printouts in front of Hiram. Her first question was simple: could he extend the depth of the house by 10…
DetailsOur culture confuses living “the high life” with being wealthy. In America, many thousands of families with middle class incomes are wealthier than those with higher incomes, who are assumed to be “rich.” This two-part article considers a dozen things that Transcript subscribers, millionaires and income property investors have in common. You’ll read three reasons…
Details