1) When screening residents, length of employment and rental history are the biggest predictors of Longevity. 2) Give them market rent or just below it. 3) Respond to resident calls in a timely manner, and take care of the property. 4) Have nicer places and better service than the other landlords in the same area.…
DetailsIf you reject a tenant solely or in part upon the information in the prospective tenant’s consumer credit report and/or on the credit score, current California and Federal laws require that you provide the applicant with an Adverse Action Notice in writing. If you reject an applicant on other grounds, for instance, a poor recommendation…
Details‘s obvious that the real estate market is suffering. But whether it has hit rock bottom is a subject of debate. Is the worst behind us? Or is it yet to come? According to real estate investment guru Dean Graziosi, debating whether the market is at its lowest right now will cost you the opportunity…
DetailsAnd this too, dear, shall pass¦.(Dollie Riviere, my Grandmother) The National Economy The US economy ended last year on firmer footing with modestly stronger growth; however, output fell short of what analysts expected. The gross domestic product rose at a 2.8% annual rate in the fourth quarter, but failed to reach the 3% rate that…
DetailsHopefully, if you own in the City of Los Angeles, you have already paid your building’s registration fees of $24.51 per unit which was due by February 28, 2011. Yes, the City raised the annual registration fees again!
Marginal Tax Rates vs. Effective Tax Rates With the Republican presidential primaries in full swing, we’ve seen a lot of attention focused on the income tax rates paid by the candidates. In a debate earlier this month, Mitt Romney, who is very wealthy, commented that he thought his income tax rate was around 15%. This…
DetailsBuilding a loan package is both science and art. The science is predictable: certain things must be included in each file and adjusted for the type of property we’re talking about. The science is pretty standard. The art is different. A lot of underwriters left the business after 2008 and the ones still remaining are…
DetailsThe Landlord’s Responsibility for Move-In and Move-Out Inspections Q: Should I do a pre-move-in walk thru with my new tenant?
DetailsQuestion 1: My tenants changed the kitchen by adding cabinets and a dishwasher. Can I make them take it all out?
Question One: I am suing my tenant for eviction based on non-payment of rent. He claims that I will lose my case as I served the 3-day notice prematurely. I served him with the notice on the 3rd day of the month. He claims that the contract provides for a 5-day grace period and therefore…
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