New York: Once again, demonstrating threat that the rent laws have become so complicated that the courts seemingly do not understand how to interpret and apply them, the Appellate Division, First Department, has upheld a lower court’s award of treble damages totaling almost $1 million.
As a building owner, you need to have your rents keep pace with the market with the same diligence you look after your roof. Always remember that in the eyes of your banker, appraiser, buyer or real estate broker, the value of your property is tied to your rents.
Pool chemical-associated injuries can be effectively prevented through employee training program. Injuries from pool chemicals led to nearly 5,000 emergency room visits in 2012, according to a study released Thursday by the Centers for Disease Control and Prevention.
Suppose that the time seems right to sell your building, but you cringe at the thought of letting Federal and California taxes confiscate up to 37.1% (and up to 42.1% on depreciation recapture!) of your hard earned gains. Tax laws have long provided a way to escape these confiscatory taxes, by using a Capital Gains…
DetailsPossibly the biggest thing that troubled Emily about her rental house was that it took seven months from the close of escrow until she deposited her first rent check. She’d been feeding it from her savings, and towards the end her reserves began to run scary short. It got so bad that Banana Pudding made…
DetailsSo much of what comes out of the Capitol hurts average Californians. Efforts to impose new taxes, onerous regulations or laws that dictate lifestyle choices like how much soda one drinks, have citizens ducking for cover. But every now and then, bills are introduced that cut against the stereotype by providing genuine benefit to average…
DetailsSome investors have been wise to the tax benefits of a 1031 exchange for years. Others are new to the game and may wonder what all the fuss is about. They hear the phrase “let’s 1031 that” bandied about by realtors, attorneys or other investors, but may not be clear on what such a process…
DetailsOn February 1st the Treasury Department announced that America’s national debt had topped $19 trillion for the first time ever – and no one seemed to notice. That’s more than $58,000 for every person living in the U.S. today including children. The latest addition of $1 trillion to our national debt – from $18 trillion…
DetailsQ. What are the legal reasons I can approve or deny a tenant’s application? A. As a landlord, there are certain factors that you are legally permitted to consider to accept or reject a potential tenant. Permissible factors to use in deciding whether to rent to a tenant are the tenant’s credit standing and credit…
DetailsGood Morning Pattie and Dan: My name is Dyanne. My father has been a property owner his entire adult life. He has worked for many years with Dale Alberstone, so when I needed help with my REAP case, I called Dale. Thank goodness I did!
Details