Gross Receipts Tax Passed in 2012, but didn’t begin to phase in until 2014. [We have posted on our website – www.smallprop.org) – an extensive article about the new gross receipts tax approved by the voters in 2012, which will gradually replace the Payroll Tax (which virtually no small property owner was required to pay.]Details
Can a tenant place a poster on his balcony that says “I support the death penalty” or other political (and perhaps inflammatory) statements? I raised this very issue with eviction Attorney Dennis Block on our weekly radio show (Landlord-Tenant Radio, Mondays at 1:00 p.m. on KTYM 1460 AM).
When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they…Details
How Will the Government Regulated Changes For Water Heaters Affect You? – By Washington Energy Services Plumbing Division
In 2015, all manufacturers of water heaters that are sold in the U.S. must conform their equipment to new energy efficiency standards. This applies to all residential, gas, propane and electric water heaters. Why should you care? Because water heaters, as we know them, won’t look the same. Here’s the who, what, how much it’s…Details
Hopefully, if you own in the City of Los Angeles and are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit which was due by February 28, 2015. Serving a timely notice, you may collect one half of those fees from your tenants.
Most every year about this time, I criticize the sitting President of the United States for submitting an ever-larger federal budget that almost always includes a big deficit which adds to our massive national debt. I have criticized every president for this going all the way back to
Most of the many apartment owners we have met after our AOA seminars in Los Angeles and the San Fernando Valley have already built living trust based estate plans. They cared enough about preserving and protecting wealth for their heirs to already take significant planning steps.
Something to Think About #31 – Mortgage Security: The Lender’s Perspective – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261
Mortgages and Trust Deeds (hereafter-“mortgages”) are negotiable instruments. Once created, they act among institutional investors as sort of a bond substitute. They are created for income, bought for security and sold for capital gains. We’ll discuss ordinary income from mortgages and the potential for capital gains another
Q: I haven’t increased my tenant’s rent in over five years. Her tenancy is a month-to-month agreement and I would like to increase her rent to match the current fair market rental value of the neighborhood. What is the proper way to give my tenant notice of this rent increase?