Archive | Rentals

When Can You Break A Lease In California?

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 […]

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close-up of the LOI contract document and pen

Letter of Intent

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 […]

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House  with "For Rent" sign in front

Security Deposits

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 […]

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Model house and money coins balancing on a seesaw

Single Family Landlords

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.

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HOW LONG TO KEEP TAX RECORDS AND RETURNS

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 […]

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hand of businessman with money buying house isolated on blue background

The Rentals Are Just Growing

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 […]

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