July 31, 2017 marked the date when Free Enterprise in Los Angeles received a blow no rational business owner could or would have thought possible. Clearly the only way such an assault on the rights of business owners is possible, was by the means taken by the City of Los Angeles. The process to change…
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 22: Emily needed to get the agent away from the property. She said, “This doesn’t look very promising. Why don’t you lock up and we’ll get coffee and pastry?…
DetailsIronically it’s not just tenants that don’t understand renter’s insurance but it’s also landlords as well. Here’s why it’s important and here’s also what you need to know as a landlord. Your Insurance Covers Your Property Or at least it should if you’re properly insured! Depending on the type or amount of insurance, this covers…
DetailsThe Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads and 5-day cruises. The show will be held on Thursday, October 19th at the Los Angeles Convention Center in West Hall A, 1201 N. Figueroa!
DetailsDear Accountant: How long should I hold my tax records? In my accounting practice of over 20 years, I have been asked this question way too many times; hundreds, of times. Ideally, I would like to respond by stating NEVER throw away any of your paperwork, ever. But that is a highly impractical answer to…
DetailsI’ve been in Property Management long enough to have good relationships with long term tenants. Some have been renters for 25 years or more. Their apartment is their home. Most tenants vacate voluntarily. Some get evicted. And some, unfortunately, pass away.
DetailsRamsey Clark was the Attorney General of the United States from 1967 to 69. Talking about rights, he is credited with this comment – “A right is not what someone gives you, it’s what no one can take from you.” So-called progressives demand that all manner of publicly-provided goods and services are human rights. Food…
DetailsLosing an eviction case is a landlord’s nightmare. One of the most common ways an owner loses an eviction is by “waiver.” The theory of waiver is like the ocean in the movie “Jaws”: seemingly calm waters on the surface, but a monster beneath. Many landlords underestimate a waiver’s potential to sink their eviction case. …
DetailsHave you ever had your work force quit on you over a period of four weeks? That was your employees firing you! Whenever you lose a team key player, who you loved, to another company, you need to step back and wonder why. Let’s face it: in today’s economy, it costs a small fortune to…
DetailsIn July, 2017, the California Senate voted to pass Senate Bill 2 which would impose a new $75 tax on real estate documents filed with each county’s clerk recorder. If the bill becomes law, the projected revenue — over $250 million annually — would be dedicated to low income housing programs.