Question One: One of our rental properties is in a nice area of Encinitas, in San Diego County. Next door is another rental. Over the past four to five years, there have been numerous criminal activities in the neighboring unit. Police activity is so frequent that our tenants often cannot leave or gain access to…
DetailsIf you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 32: Buffett vs. Soros. These are opposing types of investments. The Buffett approach is biased towards safety of principal and the compounding of dividends. His desire is to control…
DetailsIn my readings recently, I stumbled upon an article concerning rent control – a subject pitting two economic groups squarely against one another. If you’re the owner of residential rental units, you object to a governmental agency dictating what price you may set on your property. If, however, you’re the traditional apartment dweller, you favor…
DetailsThe below article was written by John Triplett, a writer for the Rental Housing Journal. Tensions are rising between landlords and property managers, and tenant activists. Landlords and managers have been bullied over rent increases. And they face unpleasant demonstrations from activists as Portland struggles with a shortage of housing and rapidly rising rents. A…
DetailsHello everybody. I am sorry to report that on April 30, 2018, the California Court of Appeal issued a really bad ruling regarding arbitration insofar as it will affect landlords. The decision provides a strong basis by which a claimant, including a residential tenant, can avoid enforcement of a binding arbitration provision in a lease…
DetailsQ: My tenant is requesting to add a roommate to her lease. Do I have to allow my tenant to have a roommate?
No Forwarding Address If a tenant vacates a unit and fails to give you a forwarding address, you are still required to do a security itemization within 21 days from the vacate date. If you do not have a work address, you should mail the itemization to the last known address, which would be that…
DetailsA recent study by the Building Owners and Managers Association (BOMA) found that, on average, 15 percent of an owner’s property expenses are spent on repairs and maintenance. Of that 15 percent, nearly half is spent on preventative maintenance. The study suggests that owners should take more proactive steps to design and implement preventative maintenance…
DetailsDear Mayor Eric Garcetti: I’m reaching out to you for any assistance you can provide in improving the relationship between garbage collection companies and Los Angeles property owners. The Apartment Association of California, (AOA), has reached out to them to resolve these issues; however, it seems the garbage collection companies are taking advantage on their…
DetailsLast year, two desperate people came to me for financial help. Gene was scrambling to rebuild. His wife was taken by a rapidly spreading cancer. Medical bills almost swamped their savings and life insurance. A few months later Roberta came to me. She was recovering from divorce. Her net worth was less than half of…
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