One of the leading global economic forecasting groups predicted inflation will rise, potentially significantly, later this year, and the stock market will react very negatively. Global Macro Monitor (GMM), one of the world’s most respected (and most expensive – over $2,000 per year) forecasters made this prediction on January 11. GMM looked at inflation in over 50…
Rental property owners are now integrating pet-friendly amenities in their apartments to allow renters to keep their favorite animal companions. The dog is humankind’s best friend, and this explains why it is the most domesticated pet. According to statistics in the United States, 63.4 million households own a dog, followed by 43 million households that own a…
Introduction: Another recession, possibly a very serious one, is inevitable. We know it will happen, for it is part of the normal business cycle. The problem is that we don’t know when it will happen. It might be this year or it might be years / decades from now. Whenever it occurs, there will be…
Landlords reveal what advice they would tell a new investor if they asked about being a landlord now – (especially given the current state of affairs). How Do I Survive Now? Check your state and local laws carefully (particularly for various state and federal eviction restrictions and moratoriums. Work alongside a seasoned landlord for one…
[In December], I received a Christmas present from a nonpaying tenant. He abandoned the rental after paying nothing for six months. Within hours, I re-rented it. I called an existing tenant living in a studio. He wanted the bigger place. Another tenant referred her daughter to me to occupy his studio. Both units will be…
To combat the statewide housing crisis, government officials in Sacramento have passed legislation to encourage property owners to add accessory dwelling units (ADUs) – small, secondary homes – to residential zoned single-family homes and multi-family buildings. The idea is that adding ADU’s will create more affordable housing in California. An ADU can be a stand-alone…
Legacy wealth doesn’t usually accrue in one investment. It takes several escrows over many years. This post is about apartment investment decisions, with an “s.” You will make those decisions as you make the learning journey of apartment investing. A well-honed decision process will increase the odds that you’ll make better investment decisions. I believe that…
Repairs Many times, a tenant will have an issue with a specific repair person and demand that the landlord use another person. Be advised that it is the sole discretion of the landlord as to who will accomplish the repair. Unless an incident of improper conduct occurred, the landlord should not allow a tenant to…
The below article was written by CalMatters. CalMatters COVID-19 coverage, translation and distribution is supported by generous grants from the Blue Shield of California Foundation, the California Wellness Foundation and the California Health Care Foundation. As California continues to ride its worst wave of the COVID-19 pandemic, public health officials have more unsettling news: Six…
In this time of New Year’s resolutions, here’s one for California: Stick to the basics. Unfortunately, our elected leadership believe that any problem needs a government solution. This mindset has caused California to lose focus away from important functions that are properly within the purview of government. Here’s a short list of matters that our…
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