Question 1: We had a tenant break his 12-month lease and move out after only one month. We sent a letter explaining that he must pay rent until we find a suitable replacement and received a letter back from his attorney stating that since the gentleman’s income comes solely from Social Security he is considered…
DetailsHow does a wealthy household receive safe and solid cash flow, eliminate management stress and preserve capital for the next generation? They exchange into safety. Thousands of successful investors have used this strategy to succeed. This article crystalizes their wisdom. It is the last of a four-part series about legacy wealth. The three previous articles…
DetailsDid you know lawmakers in Sacramento are currently considering legislation that would take away Californians’ right to make choices about the energy they use in their homes and businesses? Assembly Bill 3232 would drive up energy costs for families and business owners by forcing them to swap out natural gas appliances for electric ones. For…
DetailsFor millions of Californians, the state has been rendered unaffordable because of foolish and counter-productive policies emanating from Sacramento. A shocking one-third of California renters spend at least half of their take-home pay on rent, and only 40 percent can afford to purchase a median-priced home. Little wonder then, that one in five Californians lives…
DetailsThe past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately were comforted in knowing their investments have gained a substantial increase in…
DetailsBelow is part of the supporting data for the National Multihousing Council’s, (NMHC) report titled “Disruption – How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution”. The National Survey, conducted by Beck Research, questioned 1,000 adults with emphasis on renters and millennials. Key findings include:
DetailsTenant Death Under California law, if a tenant dies in your unit, you must disclose this fact to perspective applicants for a three-year period. The only exception is if the tenant died of aids. Sex Crimes It is considered discriminatory not to lease to persons guilty of sex crimes IF you learned about their convictions…
DetailsMany of the decisions we make in business and in life, are arrived at by asking ourselves if the risk is worth the reward. I have a 68 year old friend who is running this year’s LA Marathon. I admire her passion, discipline and mental toughness. What I don’t like is the beating that her body…
DetailsCostly Mistake Many Landlords Make! One landlord, who served on her local landlord-tenant commission, became familiar with hundreds of complaints brought against landlords. From the complaints she made at least six observations which may be wise for landlords to make note of, to avoid making some very costly mistakes when it comes to security deposits.
DetailsThe below article was written by David Brownell. AB 1506, repealing the Costa-Hawkins Act, failed to make it out of committee. Those who believe that such problems as rising rents, evictions, and loss of ethnic and economic diversity in San Francisco can be solved legislatively by unrestricted rent control will continue to believe that as…
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