The question that will come to mind as you read this is “Who does that”? The unfortunate answer is too many people. We are in an industry full of talented people. Mostly. If these mistakes are occurring with your assets, it is probably time to look for new management – first to stop the damage…Details
Question One: We attended your seminar on Tenant Screening at the L.A. Convention Center as we are members of the AOA. Thank you very much for your seminar which gave us highly useful tips to screen probable tenants. I will be glad to use your services for us and for my friends because of your…Details
Q. Dear Nick: I own a number of buildings in a large North Eastern city that is currently depressed. My vacancy rate is creeping up. At one time it was unheard of to have more than a one month vacancy. Now they are lasting two or three months and I have to work very hard…Details
Q: I have filed an eviction (unlawful detainer lawsuit) and I think I will win if we must go to trial. My attorney wants me to consider settling the case, why should I settle instead of going to trial?
Landlords are always concerned about safety issues in their investment property. But there is no better time than during the holidays, to remind your tenants of some basic steps they can take to keep themselves and the property they live in safe. Holiday decorations present many “opportunities” for landlords to encounter additional liability.
Apartment Owners, Business Owners and Community Leaders Are Fighting Back to Protect Your Rights and Your Wallets! In 2014 the Los Angeles City Council and Mayor, working with Labor Based Organizations passed an Ordinance impacting all commercial business, including apartment owners, in Los Angeles. While the city picks up trash from residential and some smaller…Details
Dear Dan: Is it weird or just my imagination? The learned folks downtown treat rental housing as a business – that is to say (the man, big brother). Yet, they don’t tell Safeway or Wal-Mart how much to sell their products for. They don’t tell the town barber how much to charge for a haircut. …Details
I received an email recently asking me what steps a landlord should take when a tenant is late with rent and I was kind of taken aback. You see, this is one of those issues that is so easy once you’ve gone through it a couple hundred times. The problem for me is it was so…Details
As I advised AOA members in this column five years ago, the biggest pitfall in any arbitration or litigation, including unlawful detainers, brought or defended by a family living trust is the failure of the pleadings to properly identify the trustees of the trust as parties to the proceeding.
A surprising new report from FORBES: Here’s the dirty little secret that we don’t like to talk about – when it comes to income tax, top earners really do pay more in federal income taxes. According to recent Internal Revenue Service (IRS) data, Americans earning over $100,000 paid 79.5% of federal income taxes in 2014.