A family of four in New York City makes $497,911 a year but pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers. In Los Angeles, a family of five that’s lived in public housing since 1974 made $204,784 last year but paid $1,091 for a four-bedroom apartment. And, a tenant with…
Ten years ago, a statewide survey showed that more than 85% of apartment renters and owners/mangers in California agreed that secondhand tobacco smoke is harmful to people. Based on our more recent surveys,
Budget preparation for 2016 is entering the home stretch for many companies, and soon performance will dictate how well the numbers have been prepared. How well a budget performs is determined by a number of factors, such as changing economic conditions, market behavior, and management practices.
During Arnold Schwarzenegger’s first campaign for governor, one of his biggest backers, super wealthy Warren Buffet, famously said his property taxes on his Laguna Beach home were not high enough. The comment caused California homeowners to question Arnold’s bona fides as a conservative so he threatened to
You have a tenant who refuses to pay rent. You have served a 3-Day Notice to Pay Rent or Quit which has expired. Your attorney files an unlawful detainer case in the Los Angeles Superior Court and you are then notified that a firm called BASTA files an answer to the complaint alleging that “You…
One of the challenges in the management of rental properties involves collection from residents behind on rent payments. Knowing the laws which govern the methods used for collection is a vital first step.
During the past month it was my privilege to speak several times at seminars for the Apartment Owners Association of California, Inc. (AOA). I opened each talk asking the audience, “What is the most important word in real estate?”
Question 1: Did the Richmond rent control law you mentioned in last month’s article pass? If so, what should we be aware of?
The government’s Census Bureau recently reported that the U.S. homeownership rate fell to the lowest level in the last 48 years. It is indeed a sad awakening that the level of home ownership is now the lowest since 1967.
We’ve all heard the phrase “there ought to be a law,” when we see something happening that we don’t like. That is just what housing advocates are saying as they watch rents rise during the current building boom. Their solution is to reach for the biggest stick available; a city ordinance that imposes a cap…
