If you’ve missed some of the prior articles, basic “beginner” guidelines on successful investing are in my book “Stairway to Wealth” available at www.lulu.com A correspondent recently presented the question: should she buy her next building in a bread ‘n butter area and benefit from a higher cash flow, or should she buy in a…
DetailsQuestion 1: A tenant recently got a DMV handicap plate and he requested a handicap parking space. What are the requirements for the landlord to provide him with a handicap parking space? He has a carport parking space presently. The apartment complex is 17 units and has 25 parking spaces.
Question One: I have a rent controlled unit in the City of Los Angeles. Last month I increased my tenant’s rent, the annual raise of 3%. I now realize that an additional person is occupying that premises. Am I entitled to raise the rent again, or do I have to wait another year to do…
DetailsAs a whole, apartment owners are law abiding investors who try to conduct their business in an honest fashion. Indeed, they have too much to lose to intentionally violate the myriad of federal, state and local laws that apply to residential income property. Occasionally, some transgressions will unintentionally (or even willfully) occur, such as…
DetailsThe average Nicaraguan is born in a shack with a dirt floor and earns less than $60 per month. Enrique, my handyman/gardener in Nicaragua, does better than that. He makes about $150 per month in salary and another $50 or so in tips and side jobs. In the United States, Enrique could earn that much…
DetailsAlong with the ever-changing laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, more enjoyable. AOA…
DetailsYou know that old adage, “The only constant in life is change.” I think this especially applies to the business of managing investment property. Wouldn’t it be nice to know which changes will occur so we can anticipate and control them or at least navigate in ways that benefit us? But we can only affect…
DetailsAlong with the ever-changing and newly adopted laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes,…
DetailsHello everybody. My discussion this month about deeds will brief you on an important point of law about which most lawyers, as well as many real estate attorneys, are misinformed. The issue is, “Immediately prior to the moment a seller delivers a Grant Deed to a buyer for a parcel of real property, does the…
Details“Did you hear what our competitor is doing?” This question has caused many property management professionals to freeze in their tracks. What about you? Does your leasing team know what your neighboring apartment communities are doing? And if a future resident was to ask them, “give me 10 unique reasons why I should lease an…
Details