Question 1: What is ˜rent skimming?’ Answer 1: According to Civil Code Section 890, Rent skimming” means using revenue received from the rental of a parcel of residential real property at any time during the first year period after acquiring that property without first applying the revenue or an equivalent amount to the payments due…
DetailsQuestion One: What are the rules regarding a tenant who has installed a satellite dish on a flat roof without knowledge, permission or approval from owner?
Have you heard of the Department of Fair Employment & Housing? Insofar as housing accommodations are concerned, the function of the DFEH is to eliminate discrimination on the grounds of race, color, religion, sex, sexual orientation, familial status, marital status, source of income, national origin and housing ancestry. More generally, the DFEH is a California…
DetailsBelow is an open letter to the Los Angeles City Council written by Bill Hooey of the Fair Housing Coalition, fighting for the rights of Los Angeles housing providers. Dear Council Members: Our City of Los Angeles is suffering and things are getting worse. The malady was caused by previous City Councils creating laws that…
DetailsLandlord Sentenced to Prison For Lead Paint Violations! By the U.S. Attorney’s Office, Maryland [Editor’s Note: ‘s important that you be aware of what happened to Mr. Murrell so that it does not happen to you! The following article is also a good reminder that if you or someone else is going to do repairs…
DetailsWhy Smart Meters Are Not Smart For You! by Ellen and Tobie Cecil Introduction to Smart Meters As Pacific Gas & Electric (PG&E) in Northern California along with Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E) in Southern California roll out a combined total of 11.7 million new electric and 10.6 new,…
DetailsTurn Your Dreams in to Your Goals by Ernest F. Oriente, The Coach On February 9, 1996 I was fired for personal reasons from an executive position with a large sales organization within the multifamily industry. For some, this day would be considered the day a large door was slammed shut. Instead, I will always…
DetailsWorking with Residents During Tenancy: What You May Not Have Considered By Julie Johnson There are many different scenarios that can happen during tenancy. Here are a few with tips on how you may want to consider handling them. Making Exceptions If you need to make an exception when implementing the rules, make sure you…
DetailsThe New Estate and Gift Tax Act By Jeff Reed On December 17, 2010, the President signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Act), revising the income, estate, generationskipping transfer (GST) and gift taxes for 2010, 2011 and 2012. For 2010, the Act retroactively imposed an estate…
DetailsHome vs. Business Expenses and Tax Deductions for Landlords From Completelandlord.com No matter what anybody tells you, you cannot deduct personal, living or family expenses as business expenses. The IRS is committed to keeping your business expenses separate, despite a rise in fraudulent home-based business tax schemes. The IRS noted that the following examples are…
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