Hopefully, if you own apartments 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 29, 2017. Serving a timely notice, you may collect one half of those fees from your tenants. Note: You…
DetailsEvery landlord would like to lower the turnover in their properties. It’s costly to attract and retain good tenants, not to mention the costs you incur when they move out and you have to turn a vacant rental. It just makes good business sense to strive to have happy, long term tenants in your properties.…
DetailsQuestion 1: Have there been any recent changes to the law about whether I can refuse Section 8 applicants for my rentals in San Jose, CA? Also, are there forms and rules for handling tenant security deposits, reporting to the IRS, setting up a savings account and interest to the tenants? Answer 1: I am…
DetailsThe Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Wednesday, May 24th at the Long Beach Convention Center in Hall C, 300 East Ocean!
DetailsAre you maximizing your tax savings in your real estate investing business? Now is a great time for you to make sure you have structured your investing operation properly, so you take full advantage of the tax benefits of being a real estate investor.
Question 1: I am in the process of renting my single family home in Danville, CA, and I did specify in the ad that “no pets” are allowed. I have two legal questions: 1) A potential applicant called me and told me that she has a “service” dog. Can I legally tell her, over the…
DetailsDear Gabby: I knew being a property manager isn’t easy, but it’s proving to be a lot harder than I imagined. There are so many responsibilities to balance, but I’m still determined to be the best in the biz. Any tips? Sincerely, IWannaBeTheVeryBest
Show It Occupied! Some landlords prefer to show upcoming vacancies to prospective residents while the current resident is still living there. Others prefer to wait until the property is empty. I personally think it’s better financially (for you and the residents) to get the full cooperation of the current resident and to show properties while…
DetailsMany of America’s voters are still stunned that Donald Trump was elected president and that includes some who voted for him but didn’t think he could win. As such, American voters on both sides of the political aisle are scrambling to get a handle on what President Trump will try to get done in the…
DetailsMany property owners hire unlicensed contractors to work on their rental buildings. Sometimes it works out just fine, but when things go south, as they often do, a nightmare can unfold. By hiring an unlicensed contractor, owners forgo basic legal protections, exposing their property to a loss in value, costly lawsuits, and costly repairs. In…
Details