Steve Duringer Is One Of The Top Eviction Attorneys In California A former student of mine years ago, he has become the guru in this area. His newsletters, websites, and booklets are great sources of information. I would like to quote a thought from one of his FAQ’s. “The disposition of security deposits on move […]
When I Was A Child In Central Wisconsin Many relatives would say at bedtime, “Sleep tight, don’t let the bed bugs bite.” That was not a good thing to be thinking about when you are in bed. Also, they said other times, “If I should die before I wake, I pray the Lord my Soul […]
Take Heed of the Estoppel Certificate These are the words for today. These words are extremely important when buying or selling income property and for agents who are working on these sales. The California Bureau of Real Estate Glossary states: Estoppel is a legal theory under which a person is barred from asserting or denying […]
The Courts Giveth and the Courts Taketh Away. A few months ago, a number of California landlords and their attorneys had the unusual sense that the courts had indeed given them something. On October 1, 2015 a decision was filed in the case of Boston LLC v. Juan Juarez (Appellate Division, Los Angeles County Superior […]
This makes three Property Management articles in a row. Why? Well, I am starting to organize a new 15 Hour Property Management course for State Approval, so my mind is on PM matters. Now, I have to start organizing and stop procrastinating. Whenever I read a document, I note what is given emphasis by type […]
In today’s world we are asked to make this one decision all the time. In case of a problem do we want to arbitrate or go to court? This happens all the time in medical offices, credit card applications, real estate purchase agreements, and probably soon in our homes with our spouses and children. Read […]
The important word for today is “Lease”, as in leasing residential property. Owners and tenants should understand the consequences of signing any mysterious documents. The question for today is, “What happens at the end of the lease?” The tenants could move out. Obviously the parties could extend the agreement or make a new one. Or […]
The answer is yes if your rental is in Berkeley, E. Palo Alto, Hayward, Los Angeles, San Francisco, Santa Cruz, Santa Monica, Watsonville (Watsonville?), and West Holllywood. In Santa Monica and E. Palo Alto you must keep the funds separate in and FDIC type of account. You must pay once a year and the end […]
Ask your accountant about IRS Form 3115 and IRS Regulation 481A. They concern depreciation of property in your buildings. My accountant said that the change meant that small items that I had been depreciating (because I was a conservative taxpayer) could be totally written off in my 2014 return, and any new items for […]
Question: I’ve always heard that I should post my rental criteria in a conspicuous place so that applicants can plainly see whether or not they are qualified before they submit their application. I typically require that the applicants combined income exceed three times the rent, however I might make exceptions. Also, in years past, a […]
