Have you ever wondered why certain storefronts, and apartments, etc. seem to remain vacant longer, than other similar ones which might be owned by different owners/ landlords?
Q: This is my first time renting out my residential unit. The late fee provision in my lease allows me to charge a percentage of the rent or a flat fee. How much can I charge for the late fee? A: Your late fee should be no more than 6% of the monthly rent. For…Details
Our united organizations have continued our fight against Assembly member David Chiu’s assault on the California housing supply through his AB 1482 statewide rent and property control legislation. Our lobbyists have worked to implement changes to the proposed law, with limited success. For example, the original version exempted some small properties that are owner-occupied and…Details
LOS ANGELES – The U.S. Environmental Protection Agency (EPA) announced five lead-based paint enforcement actions—for a combined total of over $64,000 in settlements in Southern California. These companies failed to comply with federal regulations requiring them to protect workers and the public from exposure to lead.
Here are the latest rent control updates to date in the following cities: Alameda, Culver City, El Cerrito, Glendale, Hayward, Inglewood, Long Beach and unincorporated cities in Los Angeles County.
Below is version of an excerpt from Cliff’s book, Successful Real Estate Investing. In six years as a property owner, Jules had been faced with numerous challenges with his vendors. One of his apartment properties had its own sewage pump because the sewer line at the property was located below the city’s gravity-fed system. The…Details
Have you performed your property’s mid-year report card? It is wise to take this opportunity to review your property’s achievement or progress toward its goals. Is occupancy meeting or beating projected results? How do the year to date expenses compare to the budget? How do they compare to the expense level from a year ago?…Details
Update on the Statewide Rent Control from Attorney Michael Millman OPPOSE AB 1482 ; as amended; Sacramento super Power Players have been meeting at the Governor’s Office for many weeks and negotiating a compromise RENT CAP Bill. All amendments must be completed by Friday September 6 2019. Economic Round Table; Blackstone; Realtors; CAA ; Building Industry were at the…Details
Before I jump into our main topic today, note that the first estimate of second quarter GDP came in better than expected at 2.1% (annual rate) last Friday and is expected to improve in the last half of this year. Now let’s get started.
Q1: I own a soft-story property in LA and received a notice to comply almost two years ago. I got too busy and did not hire an engineer yet so I am concerned that I may not be able meet the submission deadline. What are my options? Are there any fees or penalties involved?