What is Leverage? Leverage is the use of debt to increase the potential return of an investment. By using leverage, investors can control more property and potentially increase their Return on Equity (“ROE”) invested. There is no “correct” method of employing leverage. Some investors prefer to maximize leverage (usually 75% Loan to Value (“LTV”) in…
DetailsRenters’ insurance can cost your tenants as little as $10 to $20 per month and could save you, as the landlord, thousands in claims, out of pocket expenses and insurance rate hikes. A typical renters’ insurance policy covers property for the tenant’s belongings, emergency housing and moving expenses plus liability insurance which can serve as…
DetailsAOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble. Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success!
As long-time clients and readers are well aware, the explosion in our national debt has been one of my continuing themes over the last 30+ years, under both Republican and Democrat presidents. So today’s discussion is not a political issue, and it should worry us all.
What we hope to do with this article is to explore a way to quickly estimate the value of an apartment building. Quickly means before the water boils. Estimate means that we’re not doing a formal appraisal, but we are ballparking the value. The process we’ll be using works on non-residential properties as well, but…
DetailsQ: I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to pay $20.00…
DetailsIn a scene that hasn’t been witnessed in California in almost 30 years but was perhaps more reminiscent of the late 60’s, the Richmond City Council passed a rent control ordinance, limiting annual hikes to what currently amounts to 2%.
Question 1: Are there any new landlord-tenant laws we should know about for 2016?
Julie just purchased a 40 unit apartment property, built in 1980 in southern Texas, a town’s name that will be kept secret for now… to protect the innocent. It gets so hot in this part of Texas that all units have air conditioning and of course brick clad exterior to keep it cool inside. The…
DetailsFinally, those leaving property to their heirs will be able to avoid the expense of hiring an attorney. There is no need to make the inheritance of real estate so costly that it becomes a hardship on homeowners, especially low income families and seniors.