Question 1: We recently were approached by one of our tenants to find out if he could have a 220 volt electrical vehicle service equipment plug installed in the garage to charge his new electrical vehicle. Are we under any legal obligation to comply with his request? The property is located in Sunnyvale, CA. and…
DetailsMaintenance costs in rental apartment communities have increased by 1.3 percent over the past three years and are expected to continue growing according to a recent survey.
Clinton Economic Plan: Higher Taxes, Spending and More Government Hillary Clinton laid out her ambitious plan to jump-start the economy but upon examining the plan further, it may do just the opposite.
DetailsA primary advantage to creating a living trust is that property left through the trust does not have to be administered through probate court before it reaches your desired beneficiaries. If your trust is not up-to-date, your estate could be subject to probate or unnecessary taxes. Or even worse, your assets could be distributed to…
DetailsAnnual Rent Increase is Fraudulent As an example, every year in September, the Los Angeles Housing Department (LAHD) is charged with responsibility of examining the Consumer Price Index (CPI) and comparing the increase or decrease over the last previous years. It’s an arcane formula.
DetailsFor property managers, securing long-term tenants through lease renewals is essential in building a successful, stable business by avoiding low vacancy rates and high turnover. Unfortunately, a recent renewal intention report from Kingsley Associates and MFE has brought property managers some disappointing news: for the first quarter of 2016, only 51.4% of residents responded that…
DetailsIf you are a party in a case that will likely go to trial, this article is part two of a two-part series that presents some important action items that you can do to prepare for trial and to help your attorney prepare for trial. Here is a continuation of some important items you should…
DetailsThe U.S. government and Department of Veterans Affairs have taken the bold step of assisting all veterans displaced from housing. But we need your help. Many SPOSFI members are already aware of the HUD-VASH Program, and several have taken advantage of the benefits that come with renting to a veteran.
Technology has revolutionized the way many companies and entire industries do business – including property management. In some rental offices, everything from leasing to rent collections, purchasing and maintenance requests, etc., are being logged, inputted, tracked or entered into a variety of computer programs and databases. All of these processes are designed to improve accuracy,…
DetailsQ: I want to sell my rental property but I have a tenant living there. They are in a one-year lease that doesn’t terminate until June. Can I break the lease by selling the property?