Once upon a time, a long, long time ago, I was a court appointed receiver handling apartment houses during the foreclosure period. I would get my official court order, go take over the building, and run it as a professional property manager. Great job and then the foreclosures quit coming. One time late on a […]
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 […]
Rude Tenants In a building in Studio City we had a very bad tenant. Noisy, rude, narcissistic, racist, and other points North. However, he did pay his rent (one time using a racist slur and throwing Pesos at my manager). The tenants wanted him out and the manager wanted him out and I wanted him […]
State Regulation There is no State Regulation requiring that landlords pay tenants interest on their security deposits. However, many cities have such a regulation. The list keeps changing but some of the cities include Berkeley, Los Angeles, Hayward, San Francisco, Santa Cruz, Santa Monica, Watsonville and beautiful West Hollywood. If you have a rental in […]
During the Braves-Dodgers Series Justin Turner pulled a hamstring running to first base. If you have ever had one of these babies, it does hurt. It was obvious that he was done for the evening. Several trainers and management staff came out to assist him. One of the players, future Hall of Famer for sure, […]
SB263 Beginning January 1, 2023 there will be a new 2 hour course required when Real Estate Licensees want to complete their 45 hours of Continuing Education every four years. The course is entitled, “Implicit Bias”. Senator Susan Rubio (D-Baldwin Park), the author said that “Systemic racism and bias can make it even more difficult […]
UCSD Enrollments Well it did not quite hit 43,000. Fall enrollment hit 42,875 smashing the previous record by 2,392. A lot of people want to become Tritons. To compare, here is some other data about school enrollments (this information is from internet sources considerable reliable but not indisputable). UCLA […]
“The One” There are trustee sales every day. 11 to 14 years ago there were thousands every day in California. Why is this one interesting? The property is in Bel Air and the estate includes 105,000 square feet, measured.It was once listed for $500,000,000.00 and the default listed is for $165,000,000.00.A receiver is currently working […]
