You have heard it all before. Some of us have even said it ourselves – “Being a landlord can be a pain.” Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate. We also know all the benefits of investing in real estate. …
DetailsAmong the most notable elements of the Tax Cuts and Jobs Act of 2017 is a new deduction for pass-through businesses. A pass-through business, (about 95% of U.S. businesses are pass-throughs), is one that does not pay corporate income tax. Starting in 2018 and continuing through 2025, qualifying pass-through business owners can deduct from their income…
DetailsThe three most important things in real estate are location, location, location. We have heard that claim all our lives. So why do fewer than 10% of the apartment transactions happen in the glamourous zip codes? Are rich people dumb about investing, or is there more to the story?
ONE MAN’S TRASH IS ANOTHER MAN’S MONOPOLY! Dear Councilperson Kortez, Reina Pereira, Wendy Bruget, Amanda Mejia: We met with Councilman Koretz in his office on February 7th, 2019. You were all present for our meeting and discussion. Among other issues we spoke about the unjustified extra fees for over-fill and overweight charges. The Athens Company admitted that they didn’t have scales…
DetailsMark your calendars for Wednesday, April 17th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows? You may even go home with…
DetailsPacific Heights is a 1990 American thriller movie starring actors Melanie Griffith, Matthew Modine and Michael Keaton. It’s the story of a young couple that purchased an expensive 19th-Century house in the exclusive neighborhood of San Francisco. This young couple, (Griffith and Modine) have some extra rooms in their new home, so they decide to rent…
DetailsDan and Maria Levin live in the upstairs unit of their two-story home in San Francisco, California. They would like to use the lower unit for friends and family, but a city ordinance required them to pay their tenant $118,000 to withdraw the unit from the rental market. This amount represents the difference between the…
DetailsQuestion One: I served a 60 day notice to vacate to a tenant who is on a month-to-month tenancy. The notice will expire in the middle of the following month. How should I handle it if the tenant attempts to pay the full amount of the rent on the first? This tenant in the past…
DetailsThe act of changing a furnace/air filter is probably as unglamorous and unrecognized as any task that our team faces on a daily basis. Have you ever received a comment card that stated, “Tom changed my air filter today? He’s my hero!”
Unfortunately, jury trials are still something that we have to be careful of and watch out for inSouthern Californiaevictions. We are seeing the continued rise of jury trials, not only in rent controlled areas but in all counties. What can you do to strengthen your case if it has to go to jury?