Dear 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.
Stop Losing a Month’s Worth of Rent! For many landlords, it seems normal to lose a month’s worth of rent anytime they have a vacancy. One landlord wanted to review and compare her own turnover procedures with other landlords. She asked the following questions to fellow rental owners to consider if there was room for…
Details“Oh no! Here comes that woman from apartment 302. You know, the one who’s always complaining”. Nothing can ruin a good day more quickly than a resident with a complaint! You see them coming through your office window and want to hide in the closet. Or, you see their name displayed on caller ID and…
DetailsHello everybody. In recent years the incidents of lawsuits filed by disgruntled resident managers against their employing owners or management companies has grown from rare to frequent. The principal reason for this is the ease by which managers can now access applicable laws by using the Internet.
Q: I have a potential tenant that has been arrested in the past. Can I deny his application based on his arrest?