Hello everybody. Regular AOA readers of this column know that my most passionate recommendation to owners and management companies who employ resident managers is have their managers sign a written employment agreement setting forth the terms and conditions of the hiring.
The bad news for landlords is that BASTA is still going strong and appears to be growing. Recently, I was in the Downtown L.A. courthouse in Department 94, where all evictions are heard. There was a calendar of 54 unlawful detainer cases and of those 54 cases, BASTA represented 15 of the defendants. That means…
DetailsContinued from Part 12: The incentives broke out thusly: If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D.…
DetailsIn a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes. In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection:…
DetailsWhen I was a kid, we’d play a game called “Telephone”. A group would sit in a line of chairs and the first person would whisper a statement into the ear of the person sitting next to him or her. Let’s pretend that the whispered statement was, “I enjoy driving fast cars”.
Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commercial buildings? Investor Richard Montgomery takes on this question from a reader.
If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOW. The new Proposed Regulations, released in August, are designed…
DetailsHello everybody. As most AOA members know, last year the State of California enacted a so-called “Sick Leave Law” to provide paid time off for California employees. Under that legislation, all employers who employ one or more individuals that work in California for 30 days or more per year must provide those employees with paid…
DetailsWhen a tenant decides whether or not your rental is right for their next home, what are some of the key things that will lead them to sign your lease and not the lease of one of your competitors? Do you know the key factors?
DetailsFor entities who wish to bill for water, sewer, gas, or electricity, submetering may not be an option due to construction restrictions or, a limited budget. As such, owners, and operators are left searching for alternatives in the absence of submetering. The most equitable alternative is to deploy a Ratio Utility Billing System, commonly referred…
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