The people running our State/cities are living in a fantasy world. Some of them really think that just because you own an apartment building, you have additional money to support another family by paying 40% or 50% of a tenant’s living expenses, which is their rent. Other politicians are even more evil than that –…
DetailsBob Lonsberry, a Rochester talk radio personality on WHAM 1180 AM, said the following in response to our President’s “income inequality speech”. [Major changes have been made to make it fit our current “free rent and forced labor” laws, as well as make it less politically personal.] The politicians have not empowered their followers;…
DetailsSo, let’s start at the beginning. Some of the data developed through the apartment industry reflects that many tenants have failed to apply for the “relief programs” available. The computer programming apparently requires an advanced Master’s Degree from the California Institute of Technology, Pasadena, or MIT! It’s too difficult, complicated, and the system gives rise…
DetailsMany investors recoil at the thought of selling a piece of investment property. And they usually have a good reason, whether it’s missing out on future appreciation, having to pay a massive tax bill or some other factor. Yet it can often make good sense to sell your property, thanks to a real estate investment…
DetailsIf you’re a professional property manager, you may have noticed a new type of owner in the market. This class of owner is confident in every aspect of their investments. They don’t have to stress the minutia of day-to-day work on their properties. They live in a state of certainty regarding the direction of their…
DetailsChallenge: Completing Tasks I have the perfect tenant. They pay their rent on time; they don’t call me for any repairs, and they never complain about anything. I can finally relax! When my students announce this in class, it brings up a red flag. As a homeowner or even as a renter, at least once…
DetailsKeeping a resolution is difficult and so is making an accurate prediction about the year ahead; I tend to avoid doing both at the New Year. But I have a prediction about housing. The United States may see the nationalization of private rental housing by the end of this decade. Through apparently disparate and incremental steps,…
DetailsQ: I served my residential tenant with a 60-day notice to quit with cause and he called me during the notice period to tell me he moved out and I could take back possession of the property. He left the keys in the mailbox and he left a significant amount of his stuff behind. What…
DetailsQuestion One: Do you think it is a wise idea to allow tenants to make direct deposits into my bank account? This would sure make it simpler for me, as I would not have to collect the rent and then make a deposit. My only concern would be that the tenants would have my bank…
DetailsDear Mayor Liccardo and City Council: The Diridon Affordable Housing Implementation plan contains several recommendations to assist in meeting the demand for housing. However, there are other recommendations that the Housing Department is pushing forward without any outreach or feedback from housing providers like me – and we will be the ones impacted by it. I…
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