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…Details
Question 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,…Details
Have 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…Details
Q: 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.…Details
This 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…Details
Secondary Markets Drove Multifamily Rent Growth in March By – the Editors of the Rental Housing Journal
Multifamily rent growth and increases are dominated more and more by secondary and tertiary markets that are producing a disproportionate share of economic and population growth, and where rents are low enough that they can be raised without overly burdening tenants, according to the latest report by Yardi Matrix.
More About Bedbugs Bed bug infestations have undergone resurgence and can be found in the finest hotel and living accommodations. Due to changes in pesticides and an increase in travel, transportation of infested items such as, luggage, furniture, and bedding, we can’t stop the spread of these bugs. The detection of this blood-sucking bug is…Details
NEW WAGES FOR RESIDENT MANAGERS! Alameda City, California, Enacts Minimum Wage Ordinance The City of Alameda, California has passed an ordinance establishing a local minimum wage that applies to all employees who work at least two hours in a calendar week within the city as follows: July 1, 2019 – $13.50 July 1, 2020 –…Details
Reviewing 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…Details