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Archive for October, 2013

Legal Q & A – By Richard Beckman, Attorney

Posted on 24. Oct, 2013 by .

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Question 1:     What are the requirements for when and where to install CO detectors in two-story units? Answer 1:  In 2010,California enacted the Carbon Monoxide Poisoning Prevention Act. Among other things, it requires the installation of carbon monoxide detectors in “in each existing

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Service Dogs and Assistance Animals – By Cliff Hockley

Posted on 01. Oct, 2013 by .

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On April 25th, 2013 the Department of Housing and Urban Development issued an update letter FHEO-2013-01 regarding service and assistance animals with direct application to residential housing. This letter tied together

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Let’s All Work Together to Get Rid Of SCEP in Los Angeles – By Bill Hooey

Posted on 01. Oct, 2013 by .

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I believe that the “Systematic Code Enforcement Program” is a SCAM and that is why landlords in the City of Los Angeles must come together and become proactive to get rid of this very bad LAHD law/policy. The LAHD claims they have the legal authority to enter your apartment building and go through all your […]

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Invest in Real Estate TAX-FREE With the Solo 401K Retirement Plan – By Dmitriy Fomichenko

Posted on 01. Oct, 2013 by .

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Solo 401k is the ultimate retirement plan that offers powerful advantages for real estate investors.  Solo 401k is also known as the Individual 401k or Owner-Only 401k and is an IRS-approved Qualified Retirement Plan (QRP) that has been simplified for the

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Suspect a Tenant of Not Using Unit as “Principal Place of Residence?” – By Andrew Solow

Posted on 01. Oct, 2013 by .

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According to San Francisco Rent Board Rules and Regulations 1.21, in order to qualify for rent control, a tenant must occupy the rental unit as his principal place of residence.  The tenant need not be physically present in the unit at all times or continuously in order for the Rent Board to consider

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Second Quarter Apartment Markets Mixed in Latest NMHC Survey – by the National Multi-Housing Council

Posted on 01. Oct, 2013 by .

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WASHINGTON, D.C.—While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the National Multi Housing Council’s (NMHC) July Quarterly Survey of Apartment Market

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Property Management Success, While Maintaining Your Sanity! © – by Ernest F. Oriente, The Coach

Posted on 01. Oct, 2013 by .

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Picture this…Captain Craig has invited you to spend a month sailing the Caribbeanwith all the lobster you can eat!  Your captain has only one rule -“no telephone calls, no E-mail, no texts”.  Will your properties run smoothly while

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Screening: Don’t Become a Victim of Your Own Decisions – By Katie Poole-Hussa

Posted on 01. Oct, 2013 by .

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Why are we landlords afraid to make tough decisions when it comes to screening prospective tenants?  Have you noticed that some potential applicants become pushy or demand sympathy?  Haven’t we all heard the same excuse from applicants, “the information you’re asking for is buried somewhere

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Help Us to Stop Politicians From Raising YOUR Taxes! – By Jon Coupal

Posted on 01. Oct, 2013 by .

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DATELINE CHICAGO: Mayor warns property taxes could be going up 150%. Suppose the mayor of your city announced a property tax hike of 150% or, stated another way – two-and-a-half times your current tax. A homeowner accustomed to paying $2,000, would see their next bill increase to $5,000, while a bill of $4,000 would jump […]

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The Secret to Finding the Right Partner The Secret to Finding the Right Partner – By Jay P. DeCima

Posted on 01. Oct, 2013 by .

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My personal investment strategy has constantly changed over the years as I’ve discovered what works, what don’t and how to “tighten up” my deals to maximize cash flow.  I’ve always felt that investing alone is better than

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MRLANDLORD.COM Tips on Management It Can Be Fun Being a Landlord – By Jeff Taylor

Posted on 01. Oct, 2013 by .

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A landlord shared how it was fun to be a landlord and she shared the following recent experience of what she is doing to help make her relationship with residents a  positive one from the start. Thanks Gina (VA) for sharing!

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New Laws for 2014 Regarding Smoke Alarms – By Michael A. Brennan, Eviction Attorney

Posted on 01. Oct, 2013 by .

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Most landlords already know the current laws regarding smoke alarms in residential properties. However, beginning January 1, 2014, new requirements take effect regarding the equipment, installation and maintenance of

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The Information Age Is Upon Us – Will You Thrive, Survive, or be Eaten Alive? – By Alex Moran, Founder, Pacific Listings

Posted on 01. Oct, 2013 by .

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Internet entrepreneurs are working diligently to create free online resources for everything of interest to the general public.  These efforts have resulted in a more

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Market Insider: How Long Will this Housing Shortage Last? – By Lawrence Yun

Posted on 01. Oct, 2013 by .

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Home prices have risen at a double-digit rate since early spring. The Case-Shiller reading was up 11 percent in March compared to a year earlier, while the NAR median price was higher by roughly the same amount in April. This robust appreciation appears nearly certain to last for the remainder of 2013 and the reason […]

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Legal Q & A – by Dennis Block

Posted on 01. Oct, 2013 by .

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Question One: I am selling my four unit apartment building inLong Beach. At what point to I need to inform the residents that the building is in escrow? Answer One: There is no legal obligation requiring the seller to inform tenants of the

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Flat Roofing in Los Angeles – By Tommy Scherer

Posted on 01. Oct, 2013 by .

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Property owners and managers who need a new flat roof on their building can have quite a dilemma on their hands. Many seasoned owners have had experience with flat roofs over the years and go with what has worked for them in the past. This is mostly hot-tar, either with a gravel or cap

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Are You Hiring the Right Residents? – By David Tilney

Posted on 01. Oct, 2013 by .

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I have a friend inColorado   Springswho owns a bank.  Many years ago, I complimented him on the caliber of his employees as well as the longevity of their employment.  My banker and I both understood that his most important assets walked out

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Defamatory Posting on Social Media Network Makes Tenant Liable to Landlord – By Dale Alberstone, Esq.

Posted on 01. Oct, 2013 by .

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Hello everybody.  In my article last month for AOA readers, I concluded with certain “Breaking News,” namely that on July 30, 2013, the California Court of Appeal allowed an apartment building’s owner to sue a former tenant for

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Independence Day, Democracy and the Two-Thirds Vote – by Joel Fox

Posted on 01. Oct, 2013 by .

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 The following commentary by Joel Fox appeared on the Fox & Hounds website on July 9, 2013 – Mr. Fox discusses how vitally important the two-thirds vote is to protecting homeowners.

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success!

Posted on 01. Oct, 2013 by .

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Trade Show a Huge Success! Our Million Dollar Trade Show and Landlording Conference last month was a huge success!  You should have been there!  Our members were more

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Is Real Estate More Affordable Than Stocks and Movie Theater Tickets? – By Rick Tobin

Posted on 01. Oct, 2013 by .

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In spite of a tough job market, rising consumer goods prices, challenging mortgage loan underwriting guidelines, and numerous trillion dollar bailouts, home prices have been improving quite well across the nation. What happens if and when mortgage loan underwriting guidelines ease up and become

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$800,000 Reasons to Pay Attention to Bedbugs – By Scott Clark, Attorney

Posted on 01. Oct, 2013 by .

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A recent epidemic of civil ligation has begun to emerge in several states over bedbugs.  Most notably is the $800,000 verdict awarded to an Annapolis, Maryland woman. Ms. Faika Shaaban sued her landlord, Mr. Cornelius J. Barrett, upon her discovery that the landlord had

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Second Quarter Apartment Markets Mixed in Latest NMHC Survey – by the National Multi-Housing Council

Posted on 01. Oct, 2013 by .

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WASHINGTON, D.C.—While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the

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ONCE BURNED: Low Rates and Cheap Capital Raise Concerns Over Possible Return of Bubble-Era Pricing – By Randyl Drummer

Posted on 01. Oct, 2013 by .

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Even as the economy appears to be gaining traction thanks to the flood of low-cost stimulus money that has flowed through U.S.capital markets, commercial real estate executives and economists vacillate between wonder and

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Something to Think About # 13 – Samantha, Part 3 – By Klarise Yahya, Commercial Loan Broker, DRE: 00957107 MLO: 249261

Posted on 01. Oct, 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

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Legal Q & A Liability for Tenant Injuries – by Franco Simone, Esq.

Posted on 01. Oct, 2013 by .

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I believe that one of my tenant’s children broke a staircase railing at my apartment building.  Another tenant complained that the railing is dangerous and if it is not repaired it could lead to someone falling on the staircase.  I asked the tenant

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