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Archive for February, 2012

For Your Residents, What Is “Best” Service? © – by Ernest F. Oriente, The Coach

Posted on 28. Feb, 2012 by .

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“Best” service, especially in the property management industry, can be deceiving because the needs and expectations of your residents are changing and evolving rapidly.  In addition, your residents are comparing your apartment communities to both your competition and to best service with every company, product or service they experience.  By reading this article, you will […]

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Due Diligence – The Extras That Make the Difference – By Patty Purdue

Posted on 28. Feb, 2012 by .

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The Due Diligence process is the art of inspecting the asset prior to signing the contract to purchase the property. In this article we are going to speak about the “EXTRAS” that should be included in the Due Diligence process and the reason why you should demand this as part of your program.  

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How Internet is Changing the Renting Game – By Rusty Heyman

Posted on 28. Feb, 2012 by .

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The way that we market to potential residents is changing.  The fact that potential residents are using the Internet to search for properties is nothing new, but there has been little information about how they are searching.  One of the most interesting items is the increasing importance of social media–not the social media that we […]

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The Secret Potion for Growth in the Apartment Market – By Patrick Simons

Posted on 28. Feb, 2012 by .

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The economic shocks of 2007-2009 are still fresh in the collective mind of the real estate industry.  So, despite the dramatic rebound in apartment fundamentals and the new surge of apartment development activity (or perhaps because of it), many apartment industry insiders and outsiders are questioning how long it will last.

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Should You Refinance Your Apartment Building? – By Bud Smythe

Posted on 28. Feb, 2012 by .

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As we all know, the economy is in a deplorable condition with the resultant high unemployment and slow, or perhaps no, economic growth.  On the surface, it would appear that this is an appalling situation and can do nobody any good.  However, there is one aspect of this situation which can be of benefit to […]

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Trends in Fair Housing Every Owner Should Know – By Jo Becker

Posted on 28. Feb, 2012 by .

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Here at the Fair Housing Council, (FHCO) we make ourselves available to those who feel their fair housing rights have been violated, as well as to those with fair housing questions, including housing providers! For those of us who teach fair housing or write articles on this important industry topic, the neat thing is that […]

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MRLANDLORD.COM Tips on Management 10 Guidelines to Follow When Rent is Not Paid – By Jeffrey Taylor

Posted on 28. Feb, 2012 by .

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1. We get what we allow. 2. Be businesslike and professional, even with just one rental.

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Independent Contractor Versus Employee Status – A New Focus of the IRS – By David Silkman

Posted on 28. Feb, 2012 by .

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If you are a business owner, whether you hire people as independent contractors or as employees will impact the amount of taxes you withhold from their paychecks, as well as how much and what types of taxes you pay. Furthermore, it will affect how much additional cost your business must bear, what documents and information […]

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Bed Bugs Revisited by – Michael A. Brennan, Esq.

Posted on 28. Feb, 2012 by .

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Potential Link Between Bed Bugs And Disease Could Raise Landlords’ Potential Liability And Provide Tenants With A Stronger “Habitability” Defense Most landlords have already heard the news about the increasing rate of bed bug infestations in rental housing units across the country. In fact, several of my clients have already had tenants use bed bugs […]

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Workers’ Compensation and Health Care Reform – By Hub International

Posted on 28. Feb, 2012 by .

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In the wake of sweeping changes in the U.S. health care system, employers are forced to evaluate the way reform will affect their bottom lines. One factor that was largely left out of the focus of health care reform – but is certainly linked to it – is workers’ compensation. The program represents less than […]

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Wisdom to My Father’s Daughter Lesson 3: Decisions…Decisions…Decisions – By Amy R. Smith

Posted on 28. Feb, 2012 by .

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Wow! Sometimes it’s really difficult to make a decision.  All of us have to make them every day.  From what to wear in the morning to life-changing decisions pertaining to job or relationship changes, decision making is essential to our lives.  Yet, for a lot of us decision-making can leave us dumbfounded. 

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SB 337 Passes: Owners Cannot Prohibit Renters From Posting Political Signs on the Property – By Gideon Kramer, SPOSFI News Editor

Posted on 28. Feb, 2012 by .

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In our June, 2011 issue we reported that State Senator Christine Kehoe (D-San Diego) had introduced SB 337, a bill that would require property owners to allow tenants to post almost any type of non-commmercial sign, banner, or flag at the property—including posting on exterior-facing windows visible to other tenants or to the public right […]

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Increasing Capital Gains Taxes Are Motivating Owners to Sell – By Clifford A. Hockley, CCIM, CPM

Posted on 27. Feb, 2012 by .

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Setting the Stage Owners Who Are Selling Their Real Estate Assets Are Doing So For Many Reasons: 1.    Large Class-A properties (“core assets”) are currently achieving high premiums upon sale. 2.    Partnerships are breaking up because investor partners need money. 3.    Many properties bought in the run-up (2005-2008) are not performing so sellers must unload, […]

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How to Make a Real Estate Investment Profitable – By Kathy Wilcox

Posted on 27. Feb, 2012 by .

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Years ago, I read a bestselling book by a famous author who defined a profitable investment property by its price at purchase.  I could never really understand how one could know at the beginning of the investment whether or not it would be profitable.  Of course, the author was making a point that if you […]

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Landlords Pay Over $2 Million in Harassment Complaints! – By Judy Drickey-Prohow, Esq.

Posted on 27. Feb, 2012 by .

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How do you deal with issues of harassment on property? Don’t ask, don’t tell doesn’t work any more. Over the last five years HUD and other enforcement agencies have seen increasing numbers of fair housing complaints alleging that properties are failing to deal with issues of harassment. In some instances, the claims involve harassment by […]

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Income Inequality and the Top 1% – Part I – By Gary D. Halbert

Posted on 27. Feb, 2012 by .

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The stage seems to be set for an all-out brawl on taxation this year.  That being said, I think it is important to clarify some of the issues related to the “rich” who are so frequently mentioned in political speeches.  To get us started, I have reprinted an excellent article that addresses a recent CBO […]

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An Exchange of Opinions # 23- Investing Before Inflation – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 27. Feb, 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. Last month we discussed Investing After Inflation.  The thinking was that high inflation will generate offsetting high interest rates and high interest rates will naturally reduce property values. The takeaways were […]

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Legal Q & A – by Franco Simone, Esq. – San Diego

Posted on 27. Feb, 2012 by .

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Q: What is the new Assembly Bill 590 and how does this affect landlords? A: AB 590, also known as the Sargent Shriver Civil Counsel Act, is a bill passed in 2009 that provides funds for the Legal Aid Society of San Diego (LASSD) to hire more attorneys in order to provide legal services to […]

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Legal Q & A – by Richard Beckman, Attorney – Northern California

Posted on 27. Feb, 2012 by .

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Question 1: Is there a new law that allows the tenant to post political signs in the window of the unit even if the lease prohibits signs? Answer 1: Yes. Effective January 1, 2012 tenants have the right to post political signs subject to certain limitations. A landlord can prohibit a tenant from displaying a […]

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Legal Q & A – by Dennis P. Block, Attorney

Posted on 27. Feb, 2012 by .

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Question One: I need some help on how to compute a rent increase for my rent control units in Los Angeles. Last year I was granted a Capital Improvement increase, which allowed me to increase my rent for each unit by $8.00. I also charge each of my units the allowable SCEP (Special Code Enforcement […]

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Encroaching Walls and Laundry Leases: Updated – By Dale S. Alberstone, Esq.

Posted on 27. Feb, 2012 by .

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Ordinarily, my articles appearing in this column for members of the Apartment Owner Association address a single aspect of the law.  This month I depart from that custom because there are two fields of law, arising from two Superior Court cases finalized near the end of 2011 that are important to bring to the attention […]

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This Is Why There Are No Jobs in America – By Porter Stansberry

Posted on 27. Feb, 2012 by .

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A version of this article first appeared on May 20th in the S&A Digest, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com. I’d like to make you a business offer. Seriously – this is a real offer. In fact, you really can’t turn me down, […]

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