How is a property affected by late rent? Unpaid rent obviously affects a property’s financial performance. It’s lost or at least delayed revenue. Expenses related to unpaid rent are filing fees, court costs and attorneys. The impact on the property exceeds these financial costs.
Dear Ms. Perry: Thank you for your excellent leadership in connection with promoting affordable housing and opportunities for small family-owned apartment owners to continue to operate within the City of Los Angeles. As you’re certainly aware, having served for many years on the Los Angeles City Council “Housing Committee”, many of your friends do not…
DetailsThe 2017 legislative year has come to a close, with the California Legislature passing a total of 977 bills. The Governor signed 859 of them and vetoed 118. Blessed with a Democratic super-majority, Governor Brown had good reason to be pleased with what he was able to accomplish. San Francisco’s state representatives had a good…
DetailsThe below letter was sent to Councilman Krekorian: Last Friday, I had two “mafia-like” enforcers enter my office and tell me that if I wanted to continue to do business in my neighborhood, (your district 2), I would have to do business exclusively with them. They proceeded to give me extortion pricing for their services…
DetailsQuestion 1: Are there any new laws for 2017 we should know about?
Target Markets One landlord on our Q&A Forum, known as NE (PA), was getting extremely frustrated with trying to increase the rent prices with his properties. His concern was that all renters were interested in was the price, price, price. My Response: I would dare say that you are focusing on the wrong thing. Your focus…
DetailsAOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble. Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success!
Question One: Am I obligated to give a receipt to my tenant, when the rental payment is made by a personal check? I never receive a receipt when I pay my property taxes or if I make a mortgage payment.
The 19-year-old, second lieutenant arrived in the trenches inhabited by battle hardened veterans. He didn’t know squat. They all understood that. Yet, in spite of his inexperience, he found ways to lead and saved them all from the single, biggest cause of being removed from the front. It wasn’t the enemy army that took the…
DetailsHere are 13 tips on how to become rich fast through wealth accumulation like crazy. How to become rich fast can be explained in two sentences: Your expenditure must be less than your income Invest the balance wisely and you become rich sooner The three golden rules of becoming rich the hard but proven way:
Details