When I advise landlords about handling tenants, one of the very first things I tell them is to get rid of any notions or ideas about tenants that don’t mean too much or that can’t be enforced. Such things as how many visitors your tenants can have, how
Hello everybody. From time to time, AOA members vest title to their apartment building in the name of a corporation in which they are the sole shareholders or in the name of their limited liability company in which they are the sole members. Typically that is done for two reasons:
Recently, a member called us about doing income and employment verifications. He was wondering if it was appropriate to ask for check stubs. He was concerned about violated fair housing or getting into legal jeopardy. His questions about best practice and liability prompted us to
We asked ten rental property owners to share what they believe is the single best piece of landlording advice that they have ever received. Here are their school of hard knocks words of wisdom:
Starting For Tax Year 2013 (via American’s for Tax Reform): Obamacare Surtax on Investment Income: A new, 3.8 percent surtax on investment income earned in households making at least
DetailsThe Legacy Trust The Legacy Trust is a creation from the Tax Reform Act of 1969 which allows you to receive income each year for the rest of your life and then
DetailsDear AOA: For the record, I just filed a complaint with the Grand Jury addressing this issue – The People’s case against the Los Angeles Housing Department (LAHD) Having read the Alameda County Grand Jury Investigation of the Berkeley RSB, it was very telling just how blatantly private business is exploited for government use. To…
DetailsNote from AOA: HIGHER PROPERTY TAXES NOW BEING PROPOSED BY YOUR REPRESENTITVES! PLEASE ACT NOW! TELL YOUR ASSEMBLY REPRESENTATIVE “NO ON HIGHER PROPERTY TAXES! NO ON
DetailsDear AOA: Many thanks for a great conference today! [Long Beach Million Dollar Trade Show and Landlording Conference] We got so much useful information. At Mr. Duringer’s presentation, I got a huge thrill when I was awarded a Cruise Certificate for Two – what a bonus! With gratitude for all the hard work and generosity, …
Details“Steve, I can’t manage to buy a house,” an attendee told me over the weekend in San Diego at Everbank’s Global Currency Expo. “The last house I tried to buy had