Hello everybody. Isn’t the Internet wonderful for the apartment industry! Not only does it allow for free advertisements by owners to find new tenants, it also enables tenants to make money by renting out one of their bedrooms, or even their whole apartment, to transient occupants!! Well, actually the first part is nice as owners…
DetailsCalifornia’s SB 407 (Padilla) is a water-conservation measure that was passed in 2009. The bill requires that on or before January 1, 2019, all noncompliant plumbing fixtures in multifamily residential real property and commercial real property, as defined below, be replaced with water-conserving plumbing fixtures.
It’s a Mistake to Make Certain Assumptions It’s good to learn from your mistakes but … it’s better to learn from other people’s mistakes. Often, we make decisions based on incorrect assumptions. Here are three big assumptions revealed by landlords that ended up being very costly, in some cases as much as tens of thousands…
DetailsLandlords 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.
Emily’s Notes: Aspects of “Location” Emily slowly recognized that her notes on investing in residential income properties were not as well organized as she would like. They were in chronological order and that meant that it was not easy to access the data she might want to review. Easy access to data is important. One…
DetailsBy 2050, a million Americans will be at least 100 years old. What to do with our 30 extra years? Plan for them! This article has encouraging, empowering ideas. Since we’re likely to live longer, and healthier than our parents and grandparents, let’s do the best we can with those extended years.
The powerful elements: wind, sun and rain attack all buildings. It’s an investor’s job to protect their investments by preserving them. One way to do this is to apply protective coatings regularly.
Shortages Under Rent Control – The New Evidence What happens to price and availability of unregulated housing in a rent-controlled market? To determine this, this author collected data on all the available apartments advertised in eighteen major cities around North America. The advertised prices were taken from a single Sunday edition of the largest paper…
DetailsLack of Housing Dear Dan: Al Jacobs and others fail to express a concern for the people who can afford the higher rents. As I see it, there are insufficient units available for rent in Los Angeles County regardless of the amount of rent being charged. For example, say all units are rented to tenants who lack…
Details[Recently], progressive interest groups announced they had sufficient signatures to qualify an initiative for the 2020 ballot that is a direct attack on Proposition 13. Specifically, this so-called “split roll” initiative would raise property taxes on the owners of business properties to the tune of $11 billion every year, according to the backers. Because many…
Details