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 [...]
Nov 01 2007
How do I start an eviction? In order for a Landlord to initiate the eviction process, California law
requires persons residing in the premises to be served with a Notice. The most common types
of notices are discussed below.
Preparing and Serving the Notice
A. The 3 Day Notice to Pay [...]
Oct 29 2007
Got Bugs?
The multi-housing industry has a number of issues when it comes to pest control. Because of
the close proximity of apartment community living, often the problems are shared and difficult to
control. One of the main issues is communication from the residents to the on-site staff and then
to [...]
Oct 29 2007
At one multifamily property, a tenant subleases his apartment to a rock band that
practices into the early morning hours. In another building, good renters are decamping to a
nearby complex with lower rents. Several occupants in a high-rise haven’t paid their rent for
months due to a maintenance dispute.
These common problems plague [...]
Oct 28 2007
(Know When to Push Away the Plate)
By the American Institute for Cancer Research
The obesity epidemic is one of the most serious health problems. If you’re
overweight, you have an increased risk for chronic diseases, like diabetes, heart disease and
cancer. Approximately 14 percent of cancer deaths among men and [...]
Oct 28 2007
Dr. Greenspan often mentions the “wealth effect”. But consider the other side of the coin, total USA
debt is estimated at $32 trillion and growing; in excess of $115,000 per person. Much of this debt was
created during the Clinton years, although debt rises every year, recession or boom!
FACT: USA buys about 25% of [...]
Oct 28 2007
YOU Can End Rent Control!
The below article was written by Trevor Grimm, Attorney for the Howard Jarvis Taxpayers Association.
The Committee for Property Rights Protection (CPRP) with its anti-KELO/anti-rent
control Initiative* is out to kill rent control (over time). The [...]
Oct 28 2007
The Commerce Department estimates that third quarter Gross Domestic Product slowed to an annual rate of only 1.6%, down from 2.6% in the second quarter and 5.6% in the first quarter. The latest GDP report was well below expectations, as well as the consensus view that the economy will grow by around 2.5% in [...]
Oct 26 2007
The following letter was written by James Warner about his experience with Section 8 people. He also owns other properties but this was the first one he purchased.
“I purchased a triplex in Anaheim that consists of an old (1914) house and a newer (1986)
duplex in back. The tenants occupying two of the three [...]
Oct 26 2007
If every applicant were a good tenant and if every applicant told the complete truth on his or her rental application, we would have no need to check references. But, there are bad tenants skulking in the shadows and behind the shrubbery. And some bad tenants are accomplished liars and con artists. Paul [...]
Oct 26 2007
The following information is from “Californians for Property Rights Protection”
(CPRP), a Committee formed to qualify and pass “The California Property
Owners and Farmland Protection Act” (CPOFPA) on the June 2008 California
ballot: The CPOFPA, a new proposed Constitutional Initiative measure, has already
gone through the administrative process (reviewed by the Attorney General and
Issuance of Title and Summary) and [...]
Oct 26 2007
It’s not necessary to do a lot of transactions to make a lot of money with property. Researching property deals back some five decades, supplemented with personal experience, you have to get the basics right to win big and avoid stagnation or losses.
While the basics may seem obvious to me and to many - leaving [...]
Oct 26 2007
I prefer small commercial buildings, with a few caveats. Here’s some valuable advice.
1. When buying office buildings, multi-story, be very careful. Office buildings often
have high vacancy rates that can range from 10% to 20% to even 30% in a downturn. If
you’ve ever tried to rent out a 900 sq. ft. office in a two or [...]
Oct 26 2007
Q. I try to be a good guy, and seem to always be getting the short end of the
stick. I don’t know if I’m doing something wrong, but every time I give a tenant a break,
and make concessions, they take advantage of me. I give an inch, and they take a mile,
and I get stiffed. [...]
Oct 26 2007
Every property manager knows apartment vacancy rates are a little bit like the weather: everybody talks about them, but no one ever seems to do anything. Sometimes the usual combination of advertising and tenant incentives doesn’t work and something more is needed to give the properties with vacancies an immediate and sustainable booster shot. After [...]