Hello everybody. With the rainy season upon us, it is once again timely to review the laws pertaining to property damage liability caused by rainwater run-off, surface water flow and landslides emanating from a neighbor’s land.
Month-to-Month Means More Money! Landlords often use month-to-month agreements because it offers them more flexibility and the ability to evict faster if a good apple turns bad. However, one of the biggest potential benefits that most landlords do not take advantage of is that offering residents the option of a month-to-month rental agreement should mean more monthly income to…
DetailsSub Meters Many times tenants, who are not responsible for their water usage, will waste water. Either they will allow the water to just run or fail to report leaks.
DetailsGlendale Landlords – there will be a City Council Meeting on Tuesday, February 12th at 6pm to vote on a “Right to Lease” ordinance – aka “Rent Control”. Alexanian Apartment Advisors published an article and stated five key points they observed at the previous meeting:
Rental housing crime studies have repeatedly shown that moderate to high-crime problems can usually be traced back to a small percentage of residents. Those causing the crime problems are often the acquaintances, ex-spouses, or boyfriends of a legal resident who decided to move in without your permission.
California law prohibits discrimination based on source of income. Source of income is defined as legal, verifiable income paid directly to the tenant or his or her representative (such as a payee). Some examples of income types are:
Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent trying…
DetailsPlanning is an essential part of our lives and with the new Soft-Story Ordinance it is critical. How much planning is usually a question of personalities, experience and skills. As property owners and investors, we all want to minimize liabilities and provide the safest housing standards for our tenants. At the end of the day,…
DetailsIn a previous column, I discussed New York Times columnist Robert Frank’s book Success and Luck and his claim that there is no real meritocracy in this country. In his view, what best explains the difference between the economically successful and the economically unsuccessful – the so-called “haves” and “have-nots”- is not education, talent, skills,…
DetailsEconomy: President Donald Trump signed his tax cuts into law one year ago. That means we’re going to hear a lot about how they fueled massive deficits and failed to boost economic growth. Neither are true, but that won’t stop [some folks] and the press from repeating these falsehoods ad nauseam.