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(North Luna property); (2) an apartment building located at 2109
South 5th Avenue in Maywood, acquired in November 2001 (2109
Maywood property); and (3) an apartment building located at 2112
South 5th Avenue in Maywood, acquired in 1992 (2112 Maywood
property). A total of 14 tenants resided at the three apartment
buildings.
Petitioner personally attended to the management and
maintenance of each of his rental properties without assistance
from a management company. Petitioner collected monthly rents,
delivered late warning notices, and took care of eviction
proceedings when necessary. When vacancies arose, petitioner
showed the vacant unit to prospective applicants, conducted
applicant interviews, checked credit reports and references, and
attended to lease signings. Petitioner responded to requests for
routine repairs and was responsible for general maintenance
activities such as caring for the lawns, shoveling snow in the
winter, and waste management. In addition, petitioner was
involved in major renovation projects at two of the three rental
properties in 2001, including the modernizing of outdated
kitchens, bathrooms, and furnaces.
Ms. Nelson was not actively involved with the rental
properties.
Petitioner claims that he devoted more time to his rental
property activities in 2001 than to his full-time job with the
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Last modified: May 25, 2011