From the very first communication with the tenant, the screening process begins. Asking the right questions during a phone call can save you a great deal of time by screening out problem applicants. There is no reason to waste your time driving to show a unit to someone who will not qualify.
Summer has finally arrived. Warm days sound like fun times. We spend more time out on the beach to get that great California tan, go on vacations and spend more time with our family. For some of us though, warm days can be associated with a lot of frustration. Air conditioning problems can really take…
DetailsThe single, most important step in managing your rental property is choosing the right tenant. Spending extra time and handling the process carefully will prove to be well worth the effort. With attention to these details, your investment will be protected and grow in value. Here are few suggestions to help you make the right…
DetailsPreventing the Fiscal Cliff is a Tall Order I presume by now that most everyone reading this is familiar with the term fiscal cliff. But just to review quickly, here is what is set to happen on January 1, 2013 if nothing is done to stop it:
DetailsIf you’ve missed some of the prior articles, basic beginner guidelines on successful investing are in my book Stairway to Wealth available at LuLu.com. As we’ve discussed before, interest rates on loans, even fixed rate loans, are the sum of two items: index and margin. Let’s talk first about the index. Hypothetically, we’ll pretend that…
DetailsQ: I just purchased a property at Trustee’s Sale; how do I get rid of the occupants still residing in the unit? A: You must first determine whether or not the occupants are a former owner or a bona fide tenant. It may be difficult to determine this fact, so it is suggested that you…
DetailsQuestion 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…
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