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Archive for January, 2012

SPOSFI Welcomes Its New President – Henry Karnilowicz – By SPOSFI

Posted on 29. Jan, 2012 by .

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Thank You Noni! After four challenging years of dedicated service, our President, Noni Richen, is stepping down.  On behalf of SPOSFI and all San Francisco small property owners, our heartfelt thanks to Noni for service well beyond the call of duty (a president’s typical tenure is one to two years). While Noni is stepping down […]

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Bed Bugs – A Property Manager’s Nightmare How to Avoid Introducing Bed Bugs Into Your Community! – By Chuck H. Payton

Posted on 29. Jan, 2012 by .

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Bed bugs, once thought of as a rare pest spoken of only in bedtime rhymes, are an all too real nightmare for property managers across the country including California.  The presence of bed bugs in multi-unit housing cannot be tolerated.  Tenants dealing with a bed bug infestation suffer itchy, bothersome bites, and go to sleep […]

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Ode to the Welfare State

Posted on 29. Jan, 2012 by .

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The following article was published in the Daily News on November 4th, 1949. Mr. Truman’s St. Paul, Minn., pie-for-everybody speech last night reminded us that at the tail-end of the recent session of Congress, Representative Clarence J. Brown (R-Ohio) jammed into the Congressional Record the following poem, describing its author only as “a prominent Democrat […]

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Why Should You “Flip Out” Over Family Limited Partnerships – By Edgar Saenz, Esq.

Posted on 29. Jan, 2012 by .

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Family Limited Partnerships (FLPs, often pronounced “flips”) are a reliable mechanism for protecting assets from creditors and reducing transfer taxes. An FLP is an entity for the benefit of and controlled by the family.

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Tenant Screening: One Wrong Question Could Cost You $37,000! – By Teresa Billingsley

Posted on 29. Jan, 2012 by .

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Are you in violation of Fair Housing rules? First offense fines have increased and are now $37,000. It is even more critical and cost effective to acquire the necessary knowledge to avoid the high penalties and legal fees trying to defend yourself against such claims. Take the quiz below to see how prepared you are […]

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‘How Many Divisions Does the Pope Have?’ – By Jon Coupal, President, Howard Jarvis Taxpayers Association

Posted on 29. Jan, 2012 by .

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In the waning days of WW II, during a discussion of the future of Eastern Europe, British Prime Minister Winston Churchill cautioned Joseph Stalin to consider the views of the Vatican. To this the Soviet leader responded, “How many divisions does the Pope of Rome have?” Stalin’s brutal sense of humor demonstrated that he only […]

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Capital Improvements and Strategies for Dealing with Capital Expenses – By Cliff Hockley

Posted on 29. Jan, 2012 by .

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Typically, when investors consider purchasing an investment property, they inspect the property as part of their due diligence and also review the proforma income and expense reports provided by the seller.  In addition, the investors review the rental income and expenses to make a decision according to their comfort level and ability to raise cash […]

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“21st Century Changes in Rental Multifamily Housing: Renter Demand, Choices, Behavior, Locations and Lifestyles” – by Michael Slater President/Owner – TRIAD Research & Consulting, Inc.

Posted on 29. Jan, 2012 by .

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Shifting Trends in Renter Demand and Housing Choices Housing experts agree that the most challenging housing market conditions in memory, which began to take hold on the national housing market, including Florida about five (5) years ago, had their genesis during the Carter administration and the Community Reinvestment Act (CRA).   During the period from 2002 […]

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The Red Binder – A Must Have For All Properties – By Patty Purdue

Posted on 29. Jan, 2012 by .

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I am sure you are curious what the answer to this “must have” is and why is it so important?  Let me start by explaining the purpose of an Emergency Red Binder. Every employee should be prepared for emergencies and as we all know it is always too late if we are not ready.  The […]

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MRLANDLORD.COM Tips on Management: The $3,000 Late Fee I Gave Away! – By Jeffrey Taylor

Posted on 29. Jan, 2012 by .

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In the beginning, like many landlords, I was out on a financial limb buying my first multifamily building (a three unit rental property) and I was counting on every bit of that rent each month to pay the bills for that building. If a tenant didn’t pay on time, my main worry was just getting […]

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Three New Year’s Resolutions to Achieve Investment Property Profitability – By Kathy Wilcox

Posted on 29. Jan, 2012 by .

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You know that old adage: the only constant in life is change. I think this especially applies to the business of managing investment property. Wouldn’t it be nice to know which changes will occur so we can anticipate and control them, or at least navigate in ways that benefit us? But we can only affect […]

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How Will the Health Care Reform Affect the Multi-Family Housing Industry? – By Chad DeVine

Posted on 29. Jan, 2012 by .

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Patient Protection and Affordable Care Act of 2010 (PPACA) is  more commonly known as Health Care Reform or Obama Care.  It doesn’t matter which side of the fence you sit on, PPACA is here for the foreseeable future.  Is your organization ready?  Are your employees ready?  How is this going to affect the income stream […]

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Wisdom to My Father’s Daughter: Lesson 2: There Are Really Only Three Things You Have to Do – By Amy R. Smith, CAPS

Posted on 29. Jan, 2012 by .

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When the economy turned a couple years back, the real estate bubble burst like an over-inflated water balloon. We took a hard look at our operations.  Like many companies, the prosperous economy had brought with it several superfluous programs, policies and perks. Getting back to basics became paramount. Meeting with my dad one day during […]

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Avoid Trouble and Save Money! Follow These Laws and Ideas for 2012! by Patricia A. Harris – Northern California

Posted on 29. Jan, 2012 by .

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Along with the ever-changing and newly adopted laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, […]

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Avoid Trouble and Save Money! New Laws and Money-Saving Ideas for 2012! – by Patricia A. Harris – Southern California

Posted on 28. Jan, 2012 by .

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Along with the ever-changing laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, more enjoyable.  AOA […]

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5 Steps to Lower Your Workers’ Comp Insurance – By S. Anthony Miller

Posted on 28. Jan, 2012 by .

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When a company experiences significant increases in Workers’ Compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at […]

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Fighting Back Against the Los Angeles Housing Department and the ACE Law Proposal – By Bill Hooey

Posted on 28. Jan, 2012 by .

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If you own rental units in the City of Los Angeles and you’ve had encounters with the Los Angeles Housing Department, most likely you have learned “the hard way” that the LAHD has an anti-landlord agenda.  They levy so many fines against landlords and put so many properties in REAP that they actually create cash […]

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The Economy: How to Prepare for When Money Dies – By Karen Roche

Posted on 28. Jan, 2012 by .

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An eye-opening interview with renowned speculator Doug Casey, conducted by Karen Roche and JT Long of The Gold Report. Doug explains why fiat currencies around the world are destined for collapse… and what investors can, and should, do to protect themselves. If dollar-dumping turns from a trickle into a flood, look out. Exploding prices (aka […]

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An Exchange of Opinions # 22: Investing After Inflation – By Klarise Yahya, Commercial Loan Broker,DRE: 0095710

Posted on 28. Jan, 2012 by .

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If you’ve missed some of the prior articles, basic “beginner” guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Our plan is to gather as much cash as possible before big inflation strikes, to wait until the Government responds by raising interest rates, and once rates peak to invest with […]

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Fighting Back Against The Los Angeles Housing Department and The ACE Law Proposal – By Bill Hooey

Posted on 28. Jan, 2012 by .

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If you own rental units in the City of Los Angeles and you’ve had encounters with the Los Angeles Housing Department, most likely you have learned “the hard way” that the LAHD has a anti-landlord agenda.  They levy so many fines against landlords and put so many properties in REAP that they actually create cash […]

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Legal Q & A – by Ted Smith, Attorney – San Diego

Posted on 28. Jan, 2012 by .

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Q: I find that no matter what I charge for a security deposit, there is the inevitable dispute over deductions from the deposit after the tenant moves out.  Why is that?

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Legal Q & A – by Richard Beckman – Northern California

Posted on 28. Jan, 2012 by .

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Question 1: What is considered an illegal rental unit, and what is the problem with renting one?

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Questions and Answers – By Dennis Block

Posted on 28. Jan, 2012 by .

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Question One: I live in a single-family residence in the City of Los Angeles. My finances are getting tight and I am considering renting out a couple of my bedrooms. Would this be legal and what issues might I face?

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2012 New Year’s Resolution: Sign a Manager’s Agreement – By Dale Alberstone, Esq.

Posted on 28. Jan, 2012 by .

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Most everyone hopes that 2012 will bring about world peace, a strong economy, more jobs and other important things like that. As the legal writer for the Apartment Owners Association of California, my wish and 2012 New Year’s Resolution for AOA members is more modest, but nevertheless important:  Prepare and sign a written employment agreement […]

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It’s Here – “The New AOA Enhanced Gang-Banging, Nuisance Causing and Late-Paying Tenant Screening Report” – Part I

Posted on 28. Jan, 2012 by .

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Are some of your prospective renters tricking you?  The answer is probably “yes”!  And you’ll want to understand how and also how easy it is for you to catch them and a good part of the unfairness of what’s going on. You’ll want to immediately discover what you or your property management company need to […]

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