Few apartment owners or property managers realize that it’s not possible to replace their mailboxes by searching online for equipment [that looks like what’s there now] and ordering and installing it. This is because the mailboxes installed before 1999 are probably illegal, not security-compliant, not-repairable and may even be owned by the Post Office that…
DetailsService dogs perform all kinds of helpful and impressive tasks to serve the handicapped and disabled: guiding the blind, pulling their owners in wheelchairs in some cases even dialing 911. They can be vital to their owners’ well-being. But occasionally, tenants try to abuse the system by bringing pets that don’t qualify as service animals…
DetailsReviewing your portfolio of investment properties should provide a sense of satisfaction. Thanks to your decades of hard work, your portfolio generates cash and operates like a well-oiled machine. But would this continue without you? Is your spouse or successor up to speed on how your portfolio operates? Do they know the addresses for each…
DetailsApartment unauthorized occupants are a challenge to landlords. How can landlords prevent apartment unauthorized occupants? What defines living in a unit versus being a short-term social guest?
Laundry Leases When you purchase a building, you are subject to all existing leases. Laundry leases entered into by the previous owner now become your lease upon purchase. Typically, leases like this should have been disclosed during the escrow process. Many laundry leases have very long terms and grant the laundry company additional option periods…
DetailsQuestion One: I have rent control units in the City of Los Angeles. I am considering doing short term leasing, once a unit is vacated. I intend to use a service such as Airbnb. Are there any pitfalls or suggestions that I should be aware of? I feel that I am forced to do this,…
DetailsHave you met your goals for the first quarter of the year? Or has traffic come to a screeching halt? Perhaps you are worried about how you are going to secure more leases. Or maybe you have so much competition that your team and your community is getting lost.
Continued from Part 80 . . . Determining the Mean The mean is the statistical determination of “average”. The mean of 10+10+30 is 16.67. That is also the average. Both words refer to the same result, but with a small difference. Generally, “average” is used to imply a WAG (Wild Alcoholic Guess), while “mean” suggests…
DetailsQ: I served my residential tenant with a three day notice to pay rent or quit and he called me during the 3 Day Notice period to tell me he moved and I could take back possession of the property. He left the keys on the counter and he left some of his stuff behind.…
DetailsThis discussion will focus on a radical new form of monetary policy that is being advocated by several of the leading presidential candidates. It will be a discussion of the dangerous ideas some politicians have for financing their plans for massive growth in government spending. I want all of my readers to understand what “Modern…
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