Sep 03 2008
Ruth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely.
Cordoba, 28, rented a three-bedroom home in Riverside for six months with the help of so-called Section 8 funds, money provided by the federal government through local housing agencies. In June, when her landlord could no longer make [...]
Aug 22 2008
by the Fair Housing Council
It’s the stuff of urban legends. It always comes up in fair housing trainings – be it classesI attended years ago as a sales agent, or in classes I conduct for the Fair Housing Council now. Everyone’s heard of it; everyone wants to know how to get his/her hands on it…some call it [...]
Aug 21 2008
July 22, 2008
By: Barbra Murray, Contributing Editor
The City of Los Angeles has joined forces with Enterprise Community Partners to establish the $100 million New Generation Fund, the city’s first multi-million-dollar financing tool for the development and preservation of affordable housing.
The New Generation Fund is owned by Enterprise and is being backed financially by a [...]
Aug 20 2008
Report: Rental rate hits record level in 2007
By Inman News, Wednesday, April 30, 2008.
The share of rental households jumped by about 1 million last year and this group is likely to expand further if foreclosure trends continue, Harvard University’s Joint Center for Housing Studies reports today, while the monthly rental rate reached [...]
Aug 19 2008
One property manager I knew told the story about the time she was talking to a landlord about her rental property and said, “The law says…”
The landlord replied aghast, “There are laws!!??
Yes ma’am, there are laws. And in most states, those laws were written to protect the “poor, abused, downtrodden” bad tenant. Also, in most [...]
Aug 18 2008
Some say about-face puts unfair burden on existing tenants
August 18, 2008
By Robert Griswold
Q: I work for a local humane society and was wondering about the rights of tenants to have pets in their rental unit. We frequently receive calls from tenants with pets claiming that they received a 30-day notice to terminate their tenancy because [...]
Aug 15 2008
William Tucker is the author of The Excluded Americans: Homelessness and Housing Policies (Regnery) and Zoning, Rent Control, and Affordable Housing (Cato Institute).
Executive Summary
Rent control has been in force in a number of major American cities for many decades. The best-known example is New York, which still retains rent controls from the temporary [...]
Aug 14 2008
Question 1:
Question 1:
I need access to a tenant’s apartment as his unit provides access to a central plumbing fixture. I have written him a letter asking permission to do these repairs along with three different phone calls. He is yet to respond and I am desperate to make this repairs. What can I do [...]
Aug 12 2008
Unlike a bevy of construction projects across the country, development of the upscale 214-residence apartment high-rise at 717 W. Ninth St. in Los Angeles will not fall victim to the credit crunch, as Meruelo Maddux Properties Inc. has just closed on an $84 million construction loan. The 35-story structure, located across from the Staples Center [...]
Aug 06 2008
Are you purchasing, managing or developing with “Green” appliances? No not avocado green from the 1970’s.The question is are these appliances easy on the environment? Talk and action about “Green” is coming to the forefront as we [...]
Jun 18 2008
MILAN PROPERTIES MILAN MANAGEMENT MILAN LEASING
You never know what will turn off a prospective good tenant. So you need to eliminate as many
potential turnoffs as possible. In fact, you can do a couple of little things that will appeal to other
senses besides sight. Here is a list of things to do to prepare the interior of [...]
Jan 12 2008
Fair Housing does not allow us to ask applicants about PREVIOUS drug, alcohol or
mental problems. We are allowed to ask if they PRESENTLY have any of these
problems; but, the question itself will get us few honest replies from most of the very
people we are screening against.
The landlord can cause the applicant to volunteer the information [...]
Dec 18 2007
These pointers may be used for all types of real property acquisitions, but will be of
particular interest to those purchasing multi-unit dwelling structures.
NON-RECOURSE FINANCING
The most important tip that I can impart is to use your best efforts to negotiate a “non-recourse”
loan with the bank. A non-recourse loan is a loan for which the borrower [...]
Dec 09 2007
First quarter survey results revealed new market leaders in quarterly rent growth, according to data
recently released by RealFacts. Unlike the last five to six years, recently each quarter reveals different
markets accelerating and decelerating in rent growth, as very few coast with little change. Long time
leaders Riverside-San Bernardino and Las Vegas continued decelerating during the [...]
Nov 22 2007
How many people have you met who said, when you mentioned that you own or manage rental property, something like “I owned a rental once and it was a nightmare”? That is followed by an enumeration of the disasters that befell that person and the property.
Owning and managing rental property is the greatest thing [...]