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. […]
Refinancing In current advertising MLO’s are touting unbelievable low interest rates for homeowners. There are some as low as 2.19% on 30 year loans and 1.975% on 15 year loans. Now those are low rates. My question: In all of the ads I very rarely ever see any information on rental home interest rates. Being […]
Civil Code A question arose in my Property Management Course #1 that involves the maximum amount of Security Deposits. The best explanation is Civil Code Section 1950.5(c). A landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in the […]
Tenant Protection Act of 2019 AB 1482 is in full effect. Most all individually owned single family rentals are exempt. But you must notify your tenants of your exemption. Rent Cap and Just Cause Addendum 12/19 I’m using CAR form RCJC, 12/19, a three pager. Good luck.
ESTOPPEL: This has been a favorite word of mine ever since I learned the meaning on my first apartment house sale many decades ago (46 units in North Hollywood). If you ever will be a buyer, seller, listing agent, or selling agent of any property with rents, you should learn the meaning of this word […]
Personal Finance Kiplinger’s Personal Finance Adviser has some recommendations in their January issue. I have been a believer in them since the 60’s. You have to believe in someone or something. Tax return information: three years. I happen to believe that you keep the actual return for your lifetime. Get to go back and amuse […]
I’d Like To Have Your Opinion On A Question And then I will give you mine. A Tenant has a years’ lease, and is a good tenant as most of them are. You are the kind-hearted owner. Lease is over. Two choices; re-lease for another year or continue on under the roll-over provision in almost all […]
The Rentals Are Just Growing Is it just my imagination or did the huge companies that gobbled up all the single family foreclosures and turned them into rentals have not sold very many? Sure seems like that to me. Remember the vast number of all cash offers? Where are all these mystery houses? The buyers […]
Many Intelligent Citizens Purchased Rental Houses Or Other Rental Properties At The Right Time In The Chaos Or Downturn. They now have some good amounts of equity. They can continue getting more inflation and operation monies, or they could consider selling. Selling could bring on some tax problems, because the famous $250K/$500K Exclusion of Gain […]
Why Do Sellers Stay On Property After Closing the Deal? It is very difficult for sellers to completely plan the “exact” date of departure. Lenders, Escrow Officers, Buyers, Inspectors, Regulators, Transaction Coordinators, and others can do things entirely unannounced that can change dates. Also, sellers sometimes believe if their Purchase Escrow is delayed, their Sale Escrow […]
