Just in the last week, the cities of Laguna Niguel, Mission Viejo, San Juan Capistrano and Irvine have passed resolutions declaring their support for Proposition 13. Proposition 13 has recently come under attack by a group of far-left activists based in
DetailsHello everybody. In case you have not heard, on July 1, 2014, the minimum wage in California increased from $8.00 to $9.00 per hour. Other important changes were also implemented, such as raising the cap on the amount of rent a landlord can charge a resident manager for his/her unit, and increasing the ceiling on…
DetailsIt is not often a lawyer gets to argue a legal question that has never been considered before, but Institute for Justice’s Litigation Director, Dana Berliner, did just that in front of the Minnesota Supreme Court [last year]. After more than six years of
Whether you intentionally purchased an investment property or you became an “accidental landlord”, be prepared to wear many different hats. Being a landlord isn’t for everyone, but the vast majority of home owners are
As a landlord, it’s easy to overlook minor issues. Performing regular maintenance on your property can help you catch a small problem before it turns into a large expense. Here are some property maintenance tips that can help save you money in the long run.
Some owners are passive. They inherited those 8 mortgage-free units over ten years ago, when Aunt Mitochondria passed on. The buildings are located in an established area but hadn’t been properly looked after during her long illness, and in the decade since her
Q: I have two tenants and they are in the middle of a one year lease. One tenant has a family emergency and has to move out temporarily. The other tenant would like to stay and find a new
As a rental property owner myself, I am often faced with the same issues most income property owners are. It becomes difficult at times to concern ourselves with addressing parking lot issues, when our focus is mostly geared toward the actual unit/dwelling with attention on paint, appliances, carpet, plumbing, electrical, etc. and we disregard the…
DetailsWhen “The American Taxpayer Relief Act of 2012” (“ATRA”) became effective in 2013, estate planning for most apartment owners turned upside down. Before ATRA, fear that expanded estate tax exemptions (beginning in 2001) might expire lead many planners to emphasize
DetailsAs Baby Boomers age, they realize that things may need to change with how they handle their real estate investments. First of all, they may be tired of dealing with the details that are involved with the day to day operations of real estate investments; secondly, they start having to come to grips with their…
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