Legal Q & A –by Franco Simone, Esq.
Q: I have tenants who have not paid rent and are claiming they have bed bugs. Can I give them a three day notice to pay rent or quit before I inspect the unit?
Rent Control Update: Statewide Initiative To Repeal Costa-Hawkins Fair Housing Act – by Michael Millman, Esq.
Michael Weinstein, the leader of AIDS Health Care Foundation which underwrote the Proposition measure “MS” that would have restricted housing developments within the City of Los Angeles to a voting protocol, apparently has sufficient “bonus” funds to underwrite a statewide ballot measure which would repeal and eliminate the protections afforded to apartment owners throughout the…
DetailsURGENT ACTION ITEM: IF TAX REFORM PASSES THIS YEAR, CONSIDER PAYING BOTH INSTALLMENTS OF PROPERTY TAXES ON RENTAL AND PERSONAL PROPERTY THIS YEAR – by Estate Planning Attorney Kenneth Ziskin
While nothing is certain yet about tax reform, it appears likely that Congress will pass, and the President will sign, some version of H.R. 1, the Tax Cut and Jobs Act, this year. Both the version passed by the House, and the version passed by the Senate, either eliminate or substantially limit your ability to…
Details12 Rich Habits vs Poverty Habits – Grow Legacy Wealth Steadily – by Terry Moore, CCIM
Tom Corley was a broke CPA, wondering why some clients were so much better off. He studied hundreds of wealthy people and more than 100 poor Americans. What he learned made him famous, wealthy, and impactful. This piece summarizes many of the key points of his book, Success Habits: The Daily Success Habits of Wealthy…
DetailsOpen Letters – New Trash Program is Trash!
To: Carolyn Shining, Shining Law Firm Most recently, I was invited to a workshop involving Recycle L.A. and all of the major trash haulers were present. It was an interesting discussion. Generally, the concept is flawed and bankrupt – it’s just absolutely silly! People have a perception that greenhouse gases and environmental issues that emanate…
DetailsElected Officials Are Taking the Wrong Approach To Solving Our Housing Shortage and San Jose’s New Tenant Protection Ordinance – by Noni Richen, SPOSFI President
The housing crisis is one of the most widely discussed local issues in San Francisco. While virtually everyone agrees that to solve the housing shortage (not crisis) we need to build more housing, almost every proposal to add even a few units is met with the same tired arguments: congestion, parking, blocked views, and a…
DetailsNew Home Sales Surged to a 10-Year High – by Gary Halbert
In a huge surprise, U.S. new home sales in September recorded the largest single-month percentage increase since 1992, a sign the market remains resilient despite two major hurricanes and a continuing inventory shortage of homes. Purchases of newly built single-family homes swelled 18.9% in September, far above expectations. The actual number of new homes sold…
DetailsLegal Q & A by Richard Beckman
Question 1: Do rent controls apply to San Jose single family houses at this time?
Say Thanks to Your Tenants This Holiday Season! – by AOA
Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to…
DetailsFollow These Steps When Screening Your Applicants – by AOA
Before you put a tenant in your vacancy, be sure to thoroughly screen them. When you have a system in place and you perform your due diligence on ALL applicants, the chances are, you will NOT end up with a deadbeat tenant. Below are seven steps to follow when screening your prospective tenants.