I posted stories about a couple Property Management Memories in the last two weeks. Now, I just thought of some more. The term Professional Deadbeat tenant was in one article. Yes, there are many of these people in your area, and when some move away, others rise up to replace them. #1 They will try to […]
Last week, I wrote a short post about serving an unlawful detainer to a professional tenant. I forgot to mention that the rules of service of this summons and complaint are different from the rules of serving the famous Three Notice to Pay Rent or Quit. #1 The Landlord (Housing Provider on CAR Forms) or anyone with […]
Embezzling or theft by a manager or employer is a topic most owners never consider. But many owners are losing money right now and don’t know it. It can happen in the best of buildings and in the best of management situations. If a manager wants to take money it can be done. In my […]
Tuesday, February 6, 2024 Contact: (916) 210-6000, [email protected] Includes new information calculating allowable rent increases under TPA SAN FRANCISCO – California Attorney General Rob Bonta today issued five consumer alerts advising California tenants of their rights and protections under state law, and alerting property managers and landlords of their obligations to tenants. The consumer alerts cover […]
Another Great Idea Heard From A Student Instead of charging a larger deposit (that is tough for some people to pay) tell the renter the normal rent for two people is $2,000. Since you have a dog, we will charge no pet deposit, but the rent would be $2,050 per month. In most cases most […]
Settle or Not Settle? When you complete an eviction, you get a judgement and then a writ of execution. The judgements are normally worthless. You could paper your garage with them and get more value. However, there were times when other actions might be feasible. The evictee might be a person who would have a […]
Maintenance There was a 132 unit building in Torrance that we had syndicated. Cliff Dietrich and I were the General Partners. I was the Property Manager. One Saturday evening we received an emergency call that our garbage pumps were not working. The sewage from the 132 family units was sent to a big underground tank. […]
Volatile Tenant Another property was one of my very first purchases in Milwaukee when I saved money from working in Europe, officiating basketball games and teaching at the Air Base for the University of Maryland. This was a three-unit in an older area of this older city. A tenant was rather strange. She would yell […]
Efficient Negotiations This is a favorite form of mine. When I bought or sold apartment houses, I used it all the time. It saves a lot of time and time is money. Instead of writing up a complete binding offer, you would write up a simple form that explains the conditions under which a buyer […]
So Many Times I Give Information And Then I Do Not Follow It Myself There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market. There are so […]
