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Archive for May, 2017

Something to Think About #56: Uncle Sally’s Nephew – Part 19 – by Klarise Yahya

Posted on 01. May, 2017 by .

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If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com.            

Continued from Part 18: Adding living area is what developers do, and it had a long history. She remembered that site at the edge of town, the one that used to have a large furniture store on it, with its own parking lot. A couple of years after the store closed someone bought the lot and built a high-rise condo project on it: 18 floors, five condos per floor. You can bet that putting 90 high-rise condominiums on a lot formerly occupied by a furniture-in-a-box retailer did something to the density factor! Emily knew she lacked both the tract record and the money to do anything as grand as that, but maybe she could find a property somewhere that she could do something with.  [...]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. May, 2017 by .

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Question 1: My Richmond tenant has asked to have a dog, though the lease specifies ‘no pets’. While we are not thrilled with the idea, she is a good tenant and keeps her place spotless. I’m looking for examples of ways to deal with this situation – can I charge pet rent or a pet deposit and if so, how much? [...]

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Management Tips From MRLANDLORD.COM

Posted on 01. May, 2017 by .

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(Shared by landlords nationwide)

Landlords nationwide were asked: “What was the average cost of getting a property ready for rent once a renter moves out?” There was a range of responses. One landlord’s response was a bit concerning to me. The response was this: “No clue.  It’s not something I have tracked or cared to track.  When a rental becomes vacant, it’s gotta be turned. So whatever the cost is, that’s what it is. Has to be done.” My response … [...]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. May, 2017 by .

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Question One: The world has just become insane. I allowed a tenant to have a dog when she moved into the unit. She has now presented me with a note from a doctor. The notes states that due to her emotional state, she needs two cats and an additional dog! Please tell me that I can prevent this absurdity.  She is even refusing to pay an additional security deposit. Do the politicians who make these laws own property? [...]

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. May, 2017 by .

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Wednesday, May 24th at the Long Beach Convention Center – Hall C

Mark your calendars for Wednesday, May 24th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the Million Dollar Event of the year. Come and help us celebrate and who knows, you may even go home with an iPad or a 5-day cruise certificate* for two! All of this and more is being given away throughout the day. [...]

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California: Time for a Major Change in Course – by Lewis K. Uhler and John Coupal

Posted on 01. May, 2017 by .

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Governor Brown, California Attorney General Becerra, legislative and other government officials are fixated on battling the new administration in Washington with almost total disregard for California’s major problems and unmet needs. Failure to address these pressing problems threatens the viability of a state whose status is rapidly being transformed from “golden” to “tarnished.” [...]

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U.S. Economic Freedom Index Plunged Over Last Eight Years – by Gary D. Halbert

Posted on 01. May, 2017 by .

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Index Explained

The Heritage Foundation is a think-tank based in Washington, DC, founded in 1973. Since 1995, Heritage has published an annual ranking of developed nations based on their level of economic freedom – or put differently, the ease of doing business in these countries. [...]

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Nearing The End of a Cycle – by Bruce Norris

Posted on 01. May, 2017 by .

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It’s hard to believe a decade has passed since the great boom in real estate prices ended around 2007. The California Crash started in earnest in 2008 and continued until 2012. Prices went from about $600,000 to $250,000 in just a couple of years. It was devastating to anyone who did not see it coming. Since 2012, California has enjoyed a 100% gain in median price, going from about $250,000 to $500,000. [...]

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You’re From Where? Sorry, No Vacancies. – by Zachary Lawrence JD

Posted on 01. May, 2017 by .

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As of this writing, President Trump has issued an executive order barring entry into our country for any persons from these seven countries:  Iran, Iraq, Yemen, Libya, Somalia, Sudan and Syria. Like it or not, Trump’s “This Land is Your Land” campaign has gained traction and his current poll numbers are high. [...]

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City of Seattle Sued for Robbing Landlords of Right to Choose Tenants – by Pacific Legal Foundation

Posted on 01. May, 2017 by .

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Pacific Legal Foundation (PLF) challenged Seattle’s new mandate forcing landlords to rent to the first qualified person who applies for a unit.  By denying owners the freedom to choose among qualified applicants and to exercise nondiscriminatory discretion about who will live in their units, the “first in time” rule violates state constitutional protections for property rights, according to the lawsuit, filed in King County Superior Court.

PLF represents, free of charge, a number of small landlords whose ownership rights and potentially, rights of personal security, are undercut by the city’s denial of their freedom to make reasonable choices about tenants. [...]

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