It’s no secret that tax-and-spend interests have hated Proposition 13 since its adoption by the voters in 1978. Immediately after passage, Prop. 13 was the target of numerous lawsuits and legislative proposals seeking to create loopholes that would allow government to grab more tax dollars from California citizens.
We can’t all be the perfect landlord (I know I’m not as much as I try!), but there are definitely a few signs that could indicate you could be heading down the path of becoming a bad landlord. If you recognize one of these signs, you should be okay. Just correct the problem and you should be able…
DetailsEarthquake hazard is high in Southern California (specifically in the Los Angeles region) due to proximity to the great San Andreas Fault and local geology of the Los Angeles basin. In order to improve buildings safety in case of a large earthquake, the City of Los Angeles has mandated a Seismic Soft-Story Program for buildings…
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 17: John Maynard Keynes, the English economist, wrote “The market can stay irrational longer than you can stay solvent.” Emily had to recognize that current interest rates are irrationally…
DetailsQuestion One: I recently had an applicant apply for an apartment that I own in Culver City. The applicant was part of the Section 8 Program and was requesting that I lease him the unit on that basis. Would it be discriminatory to reject the applicant, as I really do not want to get involved…
DetailsAB551 prescribes the duties of landlords and tenants with regard to the treatment and control of bed bugs. The below describes in general, a landlord’s responsibilities. What Must a Landlord Do?
DetailsTo coin an old phrase, the country has “gone ape” in the wake of Donald Trump’s surprise election as the 45th President of the United States. The stock markets have skyrocketed to new record highs day after day [shortly after his election]. Consumer confidence has soared to the highest level since 2008. For reasons that…
DetailsQ: I do not allow pets in my apartments. I have a tenant who is claiming that her cat is a therapy animal and she says that she is entitled to a reasonable accommodation. Do I have to let her keep the cat?
Less Deposit More Rent A person asked on the MrLandlord Q&A for input on offering new residents the option of paying significantly less deposit if they would pay slightly more monthly rent. My response is this: For the last couple of years I have encouraged landlords to consider offering all your future, fully-qualified residents the…
DetailsLandlords and tenants joined forces against the City of Los Angeles by filing a class action lawsuit in federal court on February 22, 2017, alleging that the current Systematic Code Enforcement Program (SCEP) inspections violate the Fourth Amendment to the Constitution. The law firm representing the landlords and tenants is Quinn Emanuel, the largest business…
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