When selling real estate investment property, investors generally have two options: Pay the taxes on any gains from the sale, or, Conduct a 1031 exchange and defer the taxes owed. Recently, because of the financial uncertainty surrounding 01and the overall state of the economy, some investors are choosing to pay the taxes on any…
DetailsI manage a 15-unit property in west Los Angeles. One of the tenants is a troublemaker. Let’s call her Jane Doe. Jane Doe has repeatedly violated the terms of her lease. She doesn’t allow access into her unit for repairs, neighbors complain about loud noises coming from her unit at odd hours and she is…
DetailsAs the owner of a Paralegal Business that specializes in Landlord-Tenant evictions, I also have seen my 15 year old business drop about 90 % in the last three months. Because I operate in two counties and have other services to perform, I will survive, but its close. Right now, I have clients with twenty-seven…
DetailsCalifornia is conflicted about building rental housing for our low-income residents. Not everyone can live in paradise. Life is not fair. Will we admit that we’re not willing to pay to subsidize our less fortunate neighbors? California would like for someone else, anyone else, to be generous to our lower income households. Here are elements…
DetailsQ: I own an apartment complex and have a strict “no pet” policy. One of my tenants verbally requested a reasonable accommodation to allow him to have a dog. What does “reasonable accommodation” mean and how should I respond to him? A: The term “reasonable accommodation,” as defined by U.S. Department of Housing and Urban…
DetailsWhy You Shield Your Personal Assets with an LLC An LLC, or Limited Liability Company, is a type of legal entity that protects an owner’s personal assets and separates them from the business assets of owning and running a rental property investment. While there are many different types of business entities, LLCs are among the…
Details[Below are some] key insights of a blockbuster study that was published on June 17th by a group of economists led by Harvard University’s Raj Chetty. If you don’t know who Chetty is, he’s a star economist and policy wonk. He and his colleagues assemble and crunch massive data sets and deliver insights that regularly…
DetailsThe COVID-19 pandemic has affected everyone in the world – where most of the retail and commercial spaces are hit the hardest. Most of the tenants that have retail and commercial spaces throughout California have been considered non-essential have been forced to close per federal and state orders. Sadly, the tenants and owners of these…
DetailsQuestion 1: I know someone asked this last month, but what is the latest status of the landlord’s right to require the tenant to pay rent or move out during the COVID 19 crisis? What about other grounds to terminate a tenancy? Answer 1: As discussed in last month’s response to that question, for all…
DetailsContinued from last month -A strong immune system starts with a healthy lifestyle. But it is also important to understand what weakens your immune system too and to avoid those things. Here are 12 healthy ways to a stronger immune system. TAKE SUPPLEMENTS OK So they are the long-term fixes. What can you do in the…
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