Home prices have risen at a double-digit rate since early spring. The Case-Shiller reading was up 11 percent in March compared to a year earlier, while the NAR median price was higher by roughly the same amount in April. This robust appreciation appears nearly certain to last for the remainder of 2013 and the reason…
DetailsQuestion One: I am selling my four unit apartment building inLong Beach. At what point to I need to inform the residents that the building is in escrow? Answer One: There is no legal obligation requiring the seller to inform tenants of the
DetailsProperty owners and managers who need a new flat roof on their building can have quite a dilemma on their hands. Many seasoned owners have had experience with flat roofs over the years and go with what has worked for them in the past. This is mostly hot-tar, either with a gravel or cap
I have a friend inColorado Springswho owns a bank. Many years ago, I complimented him on the caliber of his employees as well as the longevity of their employment. My banker and I both understood that his most important assets walked out
Hello everybody. In my article last month for AOA readers, I concluded with certain “Breaking News,” namely that on July 30, 2013, the California Court of Appeal allowed an apartment building’s owner to sue a former tenant for
The following commentary by Joel Fox appeared on the Fox & Hounds website on July 9, 2013 – Mr. Fox discusses how vitally important the two-thirds vote is to protecting homeowners.
Trade Show a Huge Success! Our Million Dollar Trade Show and Landlording Conference last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that would help them make and keep more money than ever!…
DetailsIn spite of a tough job market, rising consumer goods prices, challenging mortgage loan underwriting guidelines, and numerous trillion dollar bailouts, home prices have been improving quite well across the nation. What happens if and when mortgage loan underwriting guidelines ease up and become much more flexible for borrowers? What happens when more private, non-governmental entities begin…
DetailsA recent epidemic of civil ligation has begun to emerge in several states over bedbugs. Most notably is the $800,000 verdict awarded to an Annapolis, Maryland woman. Ms. Faika Shaaban sued her landlord, Mr. Cornelius J. Barrett, upon her discovery that the landlord had
WASHINGTON, D.C.—While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the