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Archive for August, 2013

More on “Aid” Animals – By Jo Becker

Posted on 01. Aug, 2013 by .

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Caller: The one bedroom, one bath was on the third floor? Housing Provider:  Yes. Caller:  Okay. And what is the deposit? Housing Provider:  It’s a $250 deposit, plus there’s a $100 non-refundable administration fee and the application fee is $45. Caller:  Okay.  Now, I do have a service animal. Housing Provider:  You do have a […]

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How to Manage Quick Apartment Turns – By Cliff Hockley

Posted on 01. Aug, 2013 by .

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Joyce was the on-site manager at the Green Pineapple Apartments inOregon City,Oregon. Her mission was to turn the units from move-out to new move- in, in less than seven days.  To manage that quick turn, she had to

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Tenant Who Stopped Payment on Rent Check Becomes a Fugitive and MRLANDLORD.COM Tips on Management – By Jeffrey Taylor

Posted on 01. Aug, 2013 by .

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COLLECTING ON BAD CHECKS A resident of a landlord moved out during the middle of the lease and put a stop payment on his last rental check. When the landlord asked him to make good on the check, he refused, so the landlord

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How to Have Less Tenant Debt and More Profit – By Bill Gray

Posted on 01. Aug, 2013 by .

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An organized landlord is a more profitable landlord.  I have reviewed many thousands of tenant debtor files and one thing is certain – by looking at a tenant file after the tenant moves out, I can usually tell you fairly accurately how the property is being managed.  A well-organized landlord who documents everything has

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How to Hire a Good Manager – By Marc Menowitz

Posted on 01. Aug, 2013 by .

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One of the keys to profitable real estate ownership is your front line management. A good manager often increases both the cash flow and the value of a property, while a bad one can turn a top property into a fixer. There’s both an art and a science to hiring and keeping a good manager. […]

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Great Rental Inspections Make Move-In / Move-Out Processes Easier – By Nate White

Posted on 01. Aug, 2013 by .

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There are thousands of security deposit disputes each year.  In many of these cases, the dispute comes down to a disagreement between the landlord and tenant over

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Why Single Family Rentals Are Here to Stay – By Chris Clothier

Posted on 01. Aug, 2013 by .

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There’s only one reason why the housing crash wasn’t any worse than it was on the nation’s homeowners, mortgage lenders and local communities – and it wasn’t the federal government. Private investors have

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Landlords Fined $13,900 for Failure to Notify Tenants of Toxic Hazards – By Finley Bevin

Posted on 01. Aug, 2013 by .

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 [Editor’s Note:  As reported on April 18, 2013, two landlords were fined an EPA penalty of $13,900 for violations of federal

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Is the Economy Rolling Over to the Downside? – By Gary D. Halbert

Posted on 01. Aug, 2013 by .

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While the stock markets continue to rally, [also, the real estate market], due in large part to the Fed’s continued QE bond and mortgage buying, there are some troubling signs in the economic data. If we drill down a little deeper, we find

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Something to Think About # 11 – Samantha, Part 2 – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 01. Aug, 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.

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Aug, 2013 by .

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Q:  My tenant is two months behind on his rent, he told me if I try to evict him he will file bankruptcy to stop the eviction, can he do that? A:  Yes, but only for

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Aug, 2013 by .

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Question 1: When I have many rental applicants for a unit, I will select one as the primary ‘winner’ of the unit, but let at least two to three others know they are acceptable but are on a wait list. In those circumstances, I would like to

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You’re Not Just the Owner – You’re a Landlord Too! – By Jay P. DeCima

Posted on 01. Aug, 2013 by .

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Owning rental properties that produce income is without question a very profitable and worthwhile achievement.  Most folks, who buy properties and stick with it, end up a whole lot richer than those who

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Social Security Is a Crime – By Porter Stansberry

Posted on 01. Aug, 2013 by .

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In an October 2010 Digest, we cited new Social Security statistics and characterized recipients as “on the dole.” Our feedback was inundated with angry e-mails. We published many of them over the next two days… Then on October 21, Porter responded in his Friday Digest with the following discussion of how Social Security’s

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The Next Generation of Renters – Savvy and Connected – By For Rent Media

Posted on 01. Aug, 2013 by .

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The next generation of renters is equipped with more access to information than ever before.  Recent survey data published by ForRent.com, sister site of Homes.com, sheds light on what renters are looking for and the methods they’re using to find it. With more than 8,000 responses, the month-long survey revealed

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

Posted on 01. Aug, 2013 by .

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Question One: We are thinking of re-piping our building. I know that this will be a capital improvement. Is there a way of passing this cost to my tenants? I have a rent controlled building in the City ofLos Angeles.

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Letters of Intent – Are They Enforceable? – By Dale S. Alberstone, Esq.

Posted on 01. Aug, 2013 by .

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Hello everybody. When negotiating purchase agreements of for very large apartment complexes or transactions including a single sale of multiple apartment buildings, buyers and sellers (or their brokers) often start out exchanging

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Chipping Away at Proposition 13 – By Gideon Kramer

Posted on 01. Aug, 2013 by .

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Proposition 13 was an amendment to the California Constitution (embodied in Article 13A) by means of the initiative process and approved overwhelmingly by California voters on

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Everything Los Angeles Landlords Must Know and Follow in 10 Easy Steps – By Patricia A. Harris

Posted on 01. Aug, 2013 by .

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Congratulations on your rental property purchase and welcome to the housing providing business inLos   Angeles! This article serves as a guide for rental property owners in the city ofLos Angelesand its purpose is to make your job easier, more profitable and to keep you out of courts or

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Letter to the Editor…

Posted on 01. Aug, 2013 by .

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Dear AOA: [The below letter was sent to Supervisor Antonovich.] Dear Mr. Antonovich: Landlords need your help!  This letter is to inform you that BASTA, INC. [a non-profit organization that specializes in tenants’ rights] is intimidating, unethical and disrespectful of the court and their actions must not be allowed by the court.

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Correctly Funding and Managing a Living Trust – By, Michael K. Elson, Attorney

Posted on 01. Aug, 2013 by .

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Once a living trust is signed, many people believe they will automatically receive all benefits afforded by the trust.  Unfortunately this mistaken belief is all too common.

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Coming Next Month! The FREE “Million Dollar” Trade Show and Landlording Conference

Posted on 01. Aug, 2013 by .

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The Big Show You will want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads and 5-day cruise

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Property Management Peak Performance – What You See Is What You Get! © – by Ernest F. Oriente, The Coach

Posted on 01. Aug, 2013 by .

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Would you like an easy way to track the performance of your property management SuperStars?  Will a large on-site activity board really make a difference?  You bet!  This article will give you three easy ways to improve the performance of the properties you manage because

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No, It’s Not Just for Seniors – Prop. 13 Has Something for Everybody – By Jon Coupal

Posted on 01. Aug, 2013 by .

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On Wednesday, the 6th of June, the Western democracies commemorated the Normandy invasion that marked the beginning of the end of Fascist tyranny in Europe. On the same date, Californians will

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