Question 1: What is an ˜estoppel statement,’ and can I ask my tenant for one at any time? Answer 1: An ˜estoppel statement’ is, generally, a form that the landlord provides to the tenant “ residential or commercial – to complete and return to the landlord, which outlines the specific status of the tenant’s rights…Details
Question One: My tenants normally pay the rent by depositing the money directly into my bank account. One tenant has not paid the rent and I want to issue a 3-day notice to pay rent or quit. May I specify in the notice that the rent payment be deposited into my bank account? Answer One:…Details
The biggest pitfall in any litigation or arbitration 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. On December 28, 2011, the California Court of Appeal simply and unequivocally ruled that the property party to a legal…Details
The below article was written by Robert Wiedemer who is the author of The New York Times and Wall Street Journal bestseller, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, with over 500,000 copies sold. He is a managing director of Absolute Investment Management, an investment advisory firm with more than $200…Details
Beware: The Inflationary ˜Tipping Point’ Ready to Hit the U.S. The below article was written by Robert Wiedemer who is the author of The New York Times and Wall Street Journal bestseller, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, with over 500,000 copies sold. He is a managing director of Absolute…Details
Below is an open letter written to Councilperson Tom LaBonge Dear Tom: Please allow me some venting. I own three rent controlled buildings; two in your district and one in Studio City. The billing packet for one of the three buildings arrived today, the 14th of the month. One can only assume that the other…Details
Ask any of the politicians in Sacramento if they believe in government transparency, full disclosure of their official actions and the open and honest operation of state functions, and they will, to a man and woman, answer with a resounding, yes!
In an interview with Multifamily Executive Magazine, James McClelland, the CEO of Mack Cos. of Tinley Park, Ill and 36-year veteran of the investment real estate market, said: What we’re getting now versus what we got before are residents with better income: people in solid situations who for one reason or another were forced out…Details
As a landlord, your tightest months for cash flow are usually at the end of the winter and beginning of spring, in March, April and May. You’ve just finished paying for the extra costs that winter brings; sky-high utility bills, heating issues and so on. Not only that, but any vacant units probably took longer…Details
The most inexpensive way we have to increase occupancy is by increasing our renewals and referrals. Here are some ways managers across the country are improving their renewals and referrals.