If you’re investing in a second home, we’ve gathered some insurance basics that will help you make the best buying decision when it comes to determining insurability and estimating your ongoing cost of ownership. It can cost more to insure a second home than to insure your primary residence. Premiums are based on a variety…
DetailsQuestion: You seem to be a person who has learned the same way I have, through the school of hard knocks. One of the things I like about you is that you are willing to admit that you have made mistakes and you are willing to help others avoid learning the hard way. If you…
DetailsA version of this article, by Peter Churchouse, Editor of The Churchouse Letter, first appeared on February 3, 2018 in the Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. In 1977, my wife, two-year-old son, and I were living in the West African…
Details*Receipts Required For a Security Deposit A security deposit itemization must include receipts or estimates, if you are deducting for items which total $125 or more. If a receipt cannot be obtained within the 21 day period, in which the itemization must be mailed, make reference to the fact that the receipts will be sent…
DetailsThe regulatory state began last century during the New Deal, inspired by earlier Progressives who believed that individualism, capitalism and the Constitution were obstacles to prosperity. They imagined a future in which government “experts”, (i.e., administrative agency bureaucrats), would lead and control the economy, subordination economic freedom and private property rights to what they perceive…
DetailsAlthough it is not obvious to everyone, mailbox manufacturers, property crime statistics and post office personnel will tell you that there has been a recent uptick in mail theft, identity fraud and check forgery. Although it’s hard to pin down the causes precisely, Cascade Building Inc. a specialist in mailbox security upgrading, believes that there…
DetailsA reporter for the Bay Area News Group stopped by the government office in Santa Clara County and concluded that while people standing in line to pay their property taxes were upset with the heavy burden, they had scant knowledge of California’s iconic Proposition 13. What most were probably unaware of is that their taxes…
DetailsReal estate investors are facing the interesting challenge of where to put their money once they have sold their real estate assets. As most of us have experienced when selling real estate outright, there are always the significant state and federal tax bills to be considered. Unfortunately, there is virtually nothing to trade into because…
DetailsHopefully, if you own apartments in the City of Los Angelesand are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit, which was due by February 29, 2018. Serving a timely notice, you may collect one- half of those fees from your tenants.
Q: I hired a property management company to take over managing my properties. What do I need to do to let my tenants know that I will not be managing my properties anymore?