By now everyone reading this knows that the Federal Open Market Committee (FOMC) decided to leave the Fed Funds rate unchanged at 0.00%-0.25%. That decision probably means the key interest rate won’t be raised until the Fed’s December policy meeting, or maybe not until sometime next year. As I discussed The Fed is concerned that…Details
Conventional wisdom says buy as many rental units as possible. After all it’s good for your financial future and great for your ego. Collecting rentals is a well-worn path to financial freedom, but more needs to be said about profitability. Placing an emphasis on profitability is a must. Try to double the profitability of your…Details
Every landlord would like to lower the turnover in their properties. It’s costly to attract and retain good tenants, not to mention the costs you incur when they move out and you have to turn a vacant rental. It just makes good business sense to strive to have happy, long term tenants in your properties.…Details
Electric lighting is responsible for over one quarter of the energy used in commercial buildings in the USA. One reason why it continues to be a major contributor to operating costs is because many commercial buildings are still equipped with T12 light bulbs.
George Phillips, an elderly man from Meridian, Mississippi, was going up to bed when his wife told him that he’d left the light on in the garden shed, which she could see from the bedroom window.
Something to Think About #39 – Uncle Sally’s Nephew, Part 2 – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261
We’re continuing our annual review for the benefit of new readers. Last month we discussed What is an investment? What is an investor? Why Invest? We talked about the 4% Rule. We referenced stocks rather than income properties, and noted that the reason was twofold.
Q: I do not allow pets in my apartment complex. I have tenant who is claiming that her cat is a therapy animal and is requesting a reasonable accommodation. I do not think that allowing a cat in my apartment complex is reasonable.
Question 1: I gave a 60 days’ notice on July 31, 2015 to my Alameda tenant raising her rent from $1,400.00 to $1,500.00 to be effective 10/1/15. Her last rent increase was on 8/14/14 from $1,300.00 to $1,400.00. I was surprised to find out that the City of Alameda has a recent new rent ordinance,…Details
City of Los Angeles Settles Housing Lawsuit After Judge Issues Tentative Ruling That the City Is Violating State Law – By Sheri Swist
Two lawsuits, one by an individual and the other by the Housing Reform Coalition of Los Angeles (HRCLA) and another individual, were brought against the City of Los Angeles. Both lawsuits alleged that the City was violating state law under the Costa-Hawkins Rental Housing Act through portions of the Los Angeles Municipal Code and the…Details
Question One: I own a condo unit in Los Angeles. The condo building was built in 1970. I would like to lease my condo for 60 days, pursuant to a standard written lease. The lease will provide that the tenant must vacate after the lease expires. Since the property is under rent control, will my…Details