It’s said that happiness is smiling when the sun’s out, but joy is dancing in the downpour. While Sacramento is raining down the legislation, it’s hard for many landlords to find joy in the rental business. But what about the landlord tasks in your rental business that spark joy in your life (or don’t)?
After several fits and starts, the battle over the defense of Proposition 13 began in earnest last week as progressive interest groups began gathering signatures for their new and hardly improved ballot measure to impose a multi-billion dollar “split roll” property tax on Californians. These same tax-and-spend interests had already qualified a previous version of their initiative for the 2020 ballot until they realized that it was full of drafting errors and were forced to try to replace it.
Many 1031 exchange investors researching Delaware Statutory Trust (DST) properties are looking to find out if the DST 1031 concept is “too good to be true”. What’s not to like about mailbox money from a management-free piece of real estate, that is prepackaged and easily closed on in 3-5 days? Well, understanding potential Delaware Statutory Trust problems and things that can go wrong is something that every investor must be aware of before making any investment decisions.
Residential rental property owners face an array of insurance options with similar sounding names, and that seem to overlap. We take three of these, renter’s insurance, loss of rents insurance, and tenant default insurance, break them down, and show which type of protections each of them offers, and who benefits by these insurance policies.
When it comes to evictions, there’s no two that are alike. Each one has their own circumstances, trials, and resolutions. Not to mention, the laws concerning one eviction can be vastly different for another. Take a look at our top two strange evictions, squatters versus tenants at will, and how to handle them.
If you think there is no Santa Claus, you are not running for office in 2020. Yes, the political Santa Clauses of the world are running for office with a sleigh full of free goodies. They have made their list and it includes:
• Rent Control
• Student Loan Forgiveness
• Social Security Increases
• and Free:
• Health Care
• College Tuition
• Child Care
• Legal Advice
While the rental housing industry in California has been abuzz about the latest rent control and “just cause” eviction law (more on that below), Gov. Newsom has passed five other rental laws. From extended rent increase notices to the mandatory acceptance of Section 8 vouchers, you won’t want to miss these other hot-off-the-press laws.
According to AARP, Baby Boomers spend about $3 trillion annually and a whopping 78 percent are online, where they’re buying $7 billion in goods and services. As of 2017, they spent more time online than Millennials.
People often ask me, what are some of the typical business owner’s concerns that I discuss with them regarding their business? In an article by Martin S. Finn, CPA, who mentioned the top ten businesses and estate planning mistakes, I was reminded of the three areas that I typically spend most of my time discussing with owners as mentioned below.
By Eric D. Jarvis, Esq. | Founder of ReassureRent
It’s every landlord’s nightmare: A tenant who can’t, or won’t, pay the rent. You’ve invested in your property. You are obligate to continue to pay taxes, insurance, a mortgage, and maintenance, and you depend on that income. You provided a home for your tenant and you have a right to expect that tenant to keep their end of the deal. Now you’re involved in a time consuming and emotionally draining eviction process. In the best situations, you will pay some legal fees and lose some rent. In the very worst situations, you could spend thousands in legal fees and lose half a year of rent before you get your property back.
