As of January 1, 2013, owners of multi-family rental units, such as apartment buildings, were required by State law (Health and Safety Code 17926) to install carbon monoxide (CO) detectors. Carbon monoxide detectors have been required in all single family dwellings since
Test Only Property managers need to perform a certain amount of due diligence when investigating the frequent occurrence of tenants who complain about mold. Sometimes there is a problem, other times there is not. A test only company will perform an inspection of the unit, collect moisture readings, and collect samples to confirm or rule…
I just locked down a 2.875% interest rate, fixed for the 15-year term of the mortgage. No points. With rates like these, I find myself rethinking the idea that I want to pay off my mortgage. I can do a lot better than 2.875% investing the money. If I just sock it away in gold,…
Question One: I have a rent controlled unit in the City ofLos Angeles. Last month I increased my tenant’s rent, the annual raise of 3%. I now realize that an additional person is occupying that premises. Am I entitled to raise the rent again, or do I have to wait another year to do so?…
The average Nicaraguan is born in a shack with a dirt floor and earns less than $60 per month. Enrique, my handyman/gardener in Nicaragua, does better than that. He makes about $150 per month in salary and another $50 or so in tips and side jobs. In theUnited States, Enrique could earn that much in…
Consider this a friendly reminder that new requirements for carbon monoxide (CO) detectors kick in on January 1, 2013. Effective on that date, (next month), all rental housing units will be required to be equipped with CO detectors. The below information has been obtained from the office of the Fire Marshall for State of California…
Are you the type of landlord that allows maintenance to pile up on your rental property? Or do you get the job done as soon as the problem arises? Here is a list of reasons why it is so important to stay on top of repairs as they surface;
Caulk Windows Be sure to caulk around windows and doorframes to prevent heat from escaping. Caulking and sealing openings is one of the least expensive maintenance jobs. Openings in the structure can cause water to get in which results in cracks and mold build up.
Dear AOA: I am a 69 year-old woman who owns rental property and works part time. I totally agree with Alec Bernstein and Larry Schwimmer’s observations in their letters to the editor. Your name-calling is offensive and in addition your reasoning lacks logic and you cherry pick facts.
If you’ve missed some of the prior articles, basic beginner guidelines on successful investing are in my book Stairway to Wealth available at LuLu.com. What we might face: The Wall Street Journal recently published an article by Allan H. Meltzer. Meltzer is a professor of political economy at Carnegie Mellon University’s Tepper School, a visiting…
