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Archive for April, 2009

How do I remove existing managers?

Thursday, April 2nd, 2009

Question
I bought a rent controlled building in Los Angeles. There are existing managers who I do not want to keep, as I do my own management. They were originally hired as managers. No agreement exists. How do I get them out of my building?

Answer
You can immediately terminate their employment. If they were paid a salary, in addition to a free apartment, you may ask them to leave on a 3-Day Notice to Quit. If they were not paid a salary, or were getting a discount off the rent, they are protected tenants under rent control. They are allowed to remain in possession and would have to start paying rent.

Author:
Dennis Block: Source

Real Estate Summarization

Wednesday, April 1st, 2009