Note to readers: The below tips are shared by landlords nationwide –please be sure to check the rental laws in your jurisdiction as they may differ from suggestions in this article. Ten Property Updates for Your Rentals One landlord recently asked her colleagues, “What do you include regarding your updates in your rentals, besides paint?” Here…
DetailsAn Oregon judge has sided with landlords over the city of Eugene’s attempt to cap tenant screening fees at ten dollars ($10), according to reports. Two property management groups had sued the city over a city-imposed ten dollar ($10) cap on rental applicant screening fees. Thorin Properties and Jennings Group, Inc., charged in the lawsuit that…
DetailsWhy buy an apartment building when you can RENT one? If you are buying an apartment building with the intent of improving and flipping it within a few years, the Master Lease Option for Apartment Building Strategy may be the way to go. Instead of going under contract, raising the down payment through syndication, and…
DetailsOwning real estate is a great way to invest your money and grow your personal wealth. Being a landlord can greatly increase your wealth, but it is also a lot of time and effort. In addition to your own finances and responsibilities, you must find tenants, obtain insurance, and pay a mortgage as well as…
DetailsRegardless of what economic trends are taking place, Delaware Statutory Trusts provide investors a number timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the Three T’s: tenants, toilets, and trash), the ability to create a more diversified* portfolio, and provide investors the potential for consistent…
DetailsRecently, California has imposed several unfunded mandates on rental owners. Other states don’t impose similar costs on rental owners. Sacramento has not yet lost enough millionaires and high-income taxpayers to restrain their policies. Most local owners recognize these mandates are likely to continue. The economics of rental ownership are shifting. Background California government policies created a…
DetailsWelcome to the Apartment List February 2023 Rent Report for Los Angeles, CA. Currently, the overall median rent in the city stands at $1,870, roughly the same as last month. Prices remain up 1.1% year-over-year. Read on to learn more about what’s been happening in the Los Angeles rental market and how it compares to…
DetailsHenry Ford, the father of Ford Motors, had a relentless focus on planning. He looked ahead and planned his innovations, to be most efficient at utilizing the limited resources he had available. This is the main concept I want to deliver in this article. Successfully operating your buildings is the goal for all investors. Achieving…
DetailsBelow are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: I have a tenant that left without any notice, leaving behind a friend of his. This person has offered to pay the rent and I have refused. I told him that…
DetailsApartment owners need to consider the possibility of a lawsuit, with the ultimate goal of ensuring your personal and business assets are shielded from seizure to satisfy a judgment. The first step to shielding assets is understanding how lawsuits work. Fortunately, proceedings of a lawsuit can be broken into six simple steps. 1. Injury or…
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