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Archive for July, 2013

Security Deposits – The Dos and Don’ts – By Michael A. Brennan, Esq.

Posted on 01. Jul, 2013 by .

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As many landlords already know, the single biggest source of litigation between landlords and tenants is the security deposit. It’s no surprise, really. Tenants consistently feel they are entitled to a refund of the entire deposit because, they say, they

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Investors Looking for Replacement Solutions – By Don Meredith

Posted on 01. Jul, 2013 by .

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An investor at one of my recent seminars asked several important and pertinent questions, the answers to which I’d like to focus on in this article. Question: You’re a financial advisor, why so much focus in real estate?

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Landlords Ordered to Pay Over $500,000 in Companion Animal Cases – By Judy Drickey-Prohow, Esq.

Posted on 01. Jul, 2013 by .

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The question comes up a lot – does a property have to grant a tenant’s request for a companion animal the same way that it has to consider a request for a service dog or an assistive animal? The answer is pretty clear.  Regardless of what the animal is called, service animal, assistive animal, therapeutic […]

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How to Combat Rising Insurance Premiums in 2013 – By Hub International

Posted on 01. Jul, 2013 by .

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Businesses are entering an era of increased risk, rising insurance premiums, and for some, reduced availability of coverage. While these trends vary by industry, type of coverage and geography, it is becoming increasingly clear that managing the cost

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6 Tips That Can Save Landlords Money – By Erin Gleason

Posted on 01. Jul, 2013 by .

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As a landlord, it is easy to overlook minor issues.  Performing regular maintenance on your property can help you catch a small problem before it turns into a large expense.  Here are some property maintenance tips that can help save you

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Tenant Screening Tips – By Megan McCormick

Posted on 01. Jul, 2013 by .

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Check Photo IDs When Accepting Applications I cannot stress enough the importance of checking a valid photo ID when an applicant submits an application for tenancy. Checking a government form of photo ID can assist you in making sure

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Everything You Need to Know About AOA Forms and Why You Should Be Using Them© – By Patricia A. Harris

Posted on 01. Jul, 2013 by .

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Are you using all of the rental forms as required by California state law and if so, are you also using the most current and up-to-date forms?  AOA forms are reviewed by attorneys and when laws change, our forms change.  If you’re not using the most current versions of the FREE AOA forms, NOW IS […]

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Forecast for the Economy – By Gary Halbert

Posted on 01. Jul, 2013 by .

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The Fed Open Market Committee (FOMC) met to review monetary policy and its massive “quantitative easing” effort. The official policy statement released at the end of the meeting was little changed from those in previous months. The FOMC voted to continue

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Complying With San Francisco’s New Mandatory Soft-Story Retrofit Ordinance – By Gideon Kramer, SPOSFI News Editor

Posted on 01. Jul, 2013 by .

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Now that the Board of Supervisors has passed the city’s first mandatory soft-story retrofit ordinance, there appears to be much confusion as to how it will be implemented and what the role

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Something to Think About #10 – Samantha – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 01. Jul, 2013 by .

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Every once in a while it’s appropriate to devote a column to young people trying to get started.  An adult grandchild reading this might be willing to engage in a conversation that needs to be started. This article will hypothesize a 17 year investment horizon because

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Three Effortless Ways to Win the Property Management Paperwork Battle! © – by Ernest F. Oriente, The Coach

Posted on 01. Jul, 2013 by .

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Buried under mountains of property management paperwork?  Do the projects seem to never end?  Imagine how good you would feel if every day you could

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Destroying the Young With the Minimum Wage – by Gregory Bresigner

Posted on 01. Jul, 2013 by .

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What is the case for raising the minimum wage? Supporters say it will help the low-paid worker, the teenager or the young person in his 20s, just starting out. They claim that it helps the economy because

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Legal Q & A – Regarding Smoking, by Franco Simone, Esq.

Posted on 01. Jul, 2013 by .

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Q:  I would like to prohibit my new tenant from smoking inside his apartment, can I do that? A:  Yes.  Effective January 1, 2012, you may prohibit new tenants from smoking cigarettes or

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Legal Q & A – Richard Beckman, Attorney

Posted on 01. Jul, 2013 by .

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Question 1: When there is a shooting and tenants want to break the lease, what can we do to stop them, or force law enforcement to make the area safer so we don’t have our buildings sitting vacant because

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Quick Apartment Upgrades to Get the Most Bang for Your Buck! – By Cathy Macaione

Posted on 01. Jul, 2013 by .

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With more apartments coming on line, it’s time to plan your interior selections upgrades. We all know that renters want to live in apartments that have a modern, updated look. Upgrading your vacant units so they have what renters

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Legal Q & A – By Dennis P. Block

Posted on 01. Jul, 2013 by .

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Question One: I have a seven unit building. We just tented the building for pest fumigation. When they took the tent off the building, we found out that someone went inside the tent and

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Fewer Tenant Rules Are Best – But You Must Enforce Them – By Jay P. DeCima

Posted on 01. Jul, 2013 by .

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When I advise landlords about handling tenants, one of the very first things I tell them is to get rid of any notions or ideas about tenants that don’t mean too much or that can’t be enforced.  Such things as how many visitors your tenants can have, how

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Piercing the Veils of Corporations and Limited Liability Companies – By Dale S. Alberstone, Esq.

Posted on 01. Jul, 2013 by .

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Hello everybody. From time to time, AOA members vest title to their apartment building in the name of a corporation in which they are the sole shareholders or in the name of their limited liability company in which they are the sole members.  Typically that is done for two reasons:

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Doing Income and Employment Verifications – By Paul Smith

Posted on 01. Jul, 2013 by .

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Recently, a member called us about doing income and employment verifications.  He was wondering if it was appropriate to ask for check stubs.  He was concerned about violated fair housing or getting into legal jeopardy.  His questions about best practice and liability prompted us to

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MRLANDLORD.COM Tips on Management Best Landlording Advice and 12 Steps for a One Day Turnover – By Jeffrey Taylor

Posted on 01. Jul, 2013 by .

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We asked ten rental property owners to share what they believe is the single best piece of landlording advice that they have ever received. Here are their school of hard knocks words of wisdom: 

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The Massive Obamacare Taxes Just Ahead

Posted on 01. Jul, 2013 by .

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Starting For Tax Year 2013 (via American’s for Tax Reform): Obamacare Surtax on Investment Income:  A new, 3.8 percent surtax on investment income earned in households making at least

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Sell Real Estate Tax Free and Retire with Lifetime Income! – By Jeff Reed

Posted on 01. Jul, 2013 by .

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         The Legacy Trust The Legacy Trust is a creation from the Tax Reform Act of 1969 which allows you to receive income each year for the rest of your life and then

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Letters to the Editor…Grand Jury Complaint and Rent Control Damages California

Posted on 01. Jul, 2013 by .

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Dear AOA: For the record, I just filed a complaint with the Grand Jury addressing this issue – The People’s case against the Los Angeles Housing Department (LAHD) Having read the Alameda County Grand Jury Investigation of the Berkeley RSB, it was very telling just how blatantly private business is

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