Renting Rooms Some landlords use the business plan of leasing individual rooms in a house, as opposed to leasing the house to a single family. In general, more revenue can be collected by this business practice. Unfortunately, there are a multitude of problems that can occur in this situation. In some jurisdictions, this practice is…
Secondary market rents are growing as rent growth is varying across markets as the divide between gateway and secondary metros continues to increase with the pandemic, according to the October report from Yardi Matrix. “With each passing month, outmigration from large gateway markets to secondary and tertiary tech hubs is amplifying. At this point, the apparent…
Apartment buyers look for at least two years of increasing net operating income (“NOI”) when purchasing an apartment building. Just like the U.S. economy, a certain amount of annual gross domestic product (“GDP”) growth is expected to keep up with consumer price index (“CPI”) to be competitive with other countries. When analyzing income / expense…
So, you have a tenant who owes you rent from last Spring. What can you do NOW to be ready to file your case after March 1st? What will happen when it’s time to go to court? Where to Start Make sure you have…. A copy of the tenant’s lease/rental agreement, addendums, and any other…
“TEAR-OUT” SUMMARY Effective…
Is it a good idea to raise the rent every year, especially if you have a great tenant? So many landlords don’t raise the rent annually for a variety of reasons, so let’s explore the benefits and potential drawbacks. Don’t Want to Lose Your Tenant? One of the most common reasons a landlord doesn’t raise…
President-elect Joe Biden promised throughout his campaign that, if elected, he would implement a variety of significant new tax increases, including nearly doubling the capital gains tax. He says the tax increases would only be for high earners, but the truth is his proposals would hit all of us by damaging investment, entrepreneurship and…
Disputes between landlords and tenants happen often, so it’s always important to be prepared in any situation. It’ll be the tenant’s words against the landlord’s, creating a difficult situation to navigate. A body worn camera records video and audio in a first person perspective. This will accurately capture the wearer’s experience, all the while being…
Q: I own an apartment building and I heard that some landlords use RUBS to bill their utilities to their tenants. What is RUBS and how does it work? A: RUBS stands for Ratio Utility Billing System which can be used to divide the utility expenses of a multifamily building that does not have separately…
Question 1: Other than AB 3088, which you covered in your online seminar in September, are there any new laws for 2021 that landlords should know about? Answer 1: Apparently, the California legislature and Governor Newsom were as distracted by the pandemic as the rest of us, and, other than AB 3088, passed no laws…
