When the Great San Francisco Earthquake of 1906 struck, my great-grandfather was 14 years old living with his family at Pine and Van Ness. The property had suffered little more apparent damage than a downed chimney. So his father, seeing many other downed brick chimneys in the neighborhood, hastened him to the brick mason for…Details
Estate planning for apartment owners (or the owners of any income property) involves both opportunities and hazards for the owners. Too often, however, no one takes the time to explain the opportunities and hazards to owners, and they wind up with plans that do not fully meet their goals.
Question 1: One of our rental units comes equipped with a dishwasher. The dishwasher is not working properly and the owner does not want to pay to have it replaced or repaired. The tenant states that as she rented it with the dishwasher working, the Owner must replace or repair it no matter the cost.…Details
Tips on Verifying An Applicant’s Information Here’s one recent story shared on the MrLandlord.com Q&A. “I called a previous landlord to verify reference on an applicant. She gave all good reviews, said the resident paid on time, was up to date on her payments and took good care of her place. I informed the applicant…Details
Property crime can be as conspicuous as graffiti or vandalism or it can manifest as behavior that is more difficult to ascertain such as drug trafficking or terrorist activities. Owners and managers can educate themselves to prevent or reduce crime. Everyone wins in this scenario because a property that is crime free has a higher…Details
1. To spruce up old, dirty and tired wall switches and plugs without replacing them, use spray paint made for plastic. Two quick coats and they will now match your new switch covers and look like you replaced them.
Many of our clients have asked us over the years if they should purchase earthquake insurance. This is a difficult question to answer specifically because every property is constructed differently (i.e. wood, masonry, concrete, metal) and is located on different soil (i.e. clay, rock, sand). The height of the building also makes a difference. Imagine…Details
Question One: I own a fourplex. One of my male tenants, who has been in the building over five years, is complaining about a new female tenant. In an email to me, he states that her voice is too loud and that her dog is barking too much. He even told her to “Shut up”…Details
Hello everybody. Let’s start with a multiple choice question about options: Assume that the landlord gives his tenant an option to extend the term of their lease by five years provided that the tenant exercises the option in writing on or before Sunday, January 1, 2017.