FORECLOSURE UPDATE: SB 1079. On September 28, 2020, Senate Bill 1079 was signed into law. It granted a right of redemption or first refusal to purchase a foreclosed residential property to tenants, buyers intending to use the property as their residence, local governments, and other eligible buyers. It caused all one-unit to four-unit family dwellings […]
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 […]
It’s About the Weather Years and years ago in a far-off land called Racine-Wisconsin, I watched the first Rose Bowl game where a Big Ten team played a West Coast team. The Michigan team won handily so that felt good. We decided to go to a local movie, and when we walked outside we met […]
Acceptable Reasons This is not something for you to try without talking to a professional but, (these statements come from Chris Barta, JD. Mitchell Hamline Scholl of Law, writing for NOLO): You are starting active military duty.The rental unit is unsafe or violates health or safety codes.Your Landlord harasses you or violates your privacy rights.If […]
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 […]
BENEFITS OF OWNING REAL ESTATE A 1964 article from the Van Nuys Green Sheet today known as the Los Angeles Daily News. Some of the numbers need to be changed to protect the public, but the thought is still current. The depreciating benefits of owning real estate are not completely understood by many prospective investors. […]
Our trusted Orange County Register Columnist Jonathan Lanser headlined an April article, “OC hits record price of $820,000”. However, I read the smaller print and it said that single-family homes hit $910,000 after increasing 10% in one year. That is an increase of about $82,273 for the median home. NB, LB, Villa Park, etc. your […]
Social Security Of course, many people would say, that does not surprise us. But this error concerns Social Security payments. Compounded or Not Compounded An author in the LA Times, Ms. Weston, had made a statement that the Social Security payment goes up 8% a year for the years between 66 and 70. She said […]
