Q. Dear Nick: I own a number of buildings in a large North Eastern city that is currently depressed. My vacancy rate is creeping up. At one time it was unheard of to have more than a one month vacancy. Now they are lasting two or three months and I have to work very hard…
DetailsQ: I have filed an eviction (unlawful detainer lawsuit) and I think I will win if we must go to trial. My attorney wants me to consider settling the case, why should I settle instead of going to trial?
Landlords are always concerned about safety issues in their investment property. But there is no better time than during the holidays, to remind your tenants of some basic steps they can take to keep themselves and the property they live in safe. Holiday decorations present many “opportunities” for landlords to encounter additional liability.
Apartment Owners, Business Owners and Community Leaders Are Fighting Back to Protect Your Rights and Your Wallets! In 2014 the Los Angeles City Council and Mayor, working with Labor Based Organizations passed an Ordinance impacting all commercial business, including apartment owners, in Los Angeles. While the city picks up trash from residential and some smaller…
DetailsDear Dan: Is it weird or just my imagination? The learned folks downtown treat rental housing as a business – that is to say (the man, big brother). Yet, they don’t tell Safeway or Wal-Mart how much to sell their products for. They don’t tell the town barber how much to charge for a haircut. …
DetailsI received an email recently asking me what steps a landlord should take when a tenant is late with rent and I was kind of taken aback. You see, this is one of those issues that is so easy once you’ve gone through it a couple hundred times. The problem for me is it was so…
DetailsAs I advised AOA members in this column five years ago, the biggest pitfall in any arbitration or litigation, including unlawful detainers, brought or defended by a family living trust is the failure of the pleadings to properly identify the trustees of the trust as parties to the proceeding.
A surprising new report from FORBES: Here’s the dirty little secret that we don’t like to talk about – when it comes to income tax, top earners really do pay more in federal income taxes. According to recent Internal Revenue Service (IRS) data, Americans earning over $100,000 paid 79.5% of federal income taxes in 2014.
If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com.
Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to…
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