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Archive for January, 2014

Real Estate Investors: 13 Items Your Insurance Won’t Cover

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By Al Aiello, CPA, MS Taxation “My lawyer told me umbrella insurance is enough to protect me, so I don’t need an LLC.”  ~ An ill-advised Real Estate Investor With lawyers like the above, who needs

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10 Landlords Found Discriminating by Testers – By L. Paul Smith

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In the first half of 2013, ten discrimination complaints were filed with the anti-discrimination division by the Disability Law Center (DLC) as a result of fair housing testers. In each case, the DLC tested the landlords twice and each time found them to be discriminating.  Of the ten cases, two have been settled so far.  Settlements […]

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Stealing Rent – Not a Crime? – By Sophia C., Landlord

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Stealing a car is a felony that is punishable by up to 10 years in prison and a $20,000 fine. Second degree robbery is a felony that is punishable by a minimum of two years in state prison and probation for

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Introducing…the New AOA Guest Card – By Cristine Tablante

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If you have a vacancy or an upcoming vacancy, your main goal is to get it rented as quickly as possible.  The best way to rent your available unit is to make sure you

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Southern California Landlords…How to Avoid Trouble and Save Money! Follow These Laws and Ideas for 2014! – by Patricia A. Harris

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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 wishes each and every one of you

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Five New Year’s Strategies to Maximize Your Building’s Income – By Saint Newton

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After a long dry spell, we have entered a market cycle where rents are increasing.  As a building owner, you need to have your rents keep pace with the market with the same diligence you look after your

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2014 A Great Year to Be a Landlord? – By Robert Cain

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2014 could be a terrific time to be a landlord. Changes in the tax code could mean more business for us. As there have been for some time, there are rumblings about doing away with

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Forecasts & Trends Obama Calls for a Minimum Wage Hike to $10.10 – By Gary Halbert

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[This proposed minimum wage increase would cost apartment owners big!  If you have a manager or if you use a handyman to do repairs – prices will be going up!] President Obama is calling for a huge hike in the minimum wage to

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Proposal to Allow Tenants to Bypass Court and Have Rent Board Decide Their Harassment Complaints – By Gideon Kramer, SPOSFI News Editor

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In 2008, the Board of Supervisors passed Proposition M. While anti-harassment laws already existed, tenant activists pressured their allies on the Board to sponsor Prop. M – the Anti-Harassment Ordinance. Prop. M specifically called out more than a dozen actions treated as harassment by a rental property owner, including failure to make repairs, entering without […]

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Something to Think About #16 – The Rashomon Effect – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261

Posted on 01. Jan, 2014 by .

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One of the concepts behind How I Met Your Mother (now in its final season) revolves around the characters having unique memories of the same event, with one recollection often being very different from

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Three Ways to Get America Back on Track

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The United States is still – by a wide margin – the wealthiest and most powerful nation in the world.  We have a great productive capacity than any other nation.  It’s probably larger than all of

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Secret Weapon to Increase Traffic and Fill Vacancies – By Charles Blair

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As anybody knows, keeping properties filled is the top priority of every rental property owner.  Without applicant traffic to fill vacancies you will fail, either from online or off-line prospects.  This article focuses on increasing ONLINE traffic to your website.  You could have the best looking rental website on the Internet, but absolutely no one […]

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Legal Q & A, How to Properly Screen Your Tenants – by Franco Simone, Esq.

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Q: What factors can I legally consider when deciding whether or not to rent to someone? A:  As a landlord, there are certain factors that you are legally permitted to consider to accept or reject a potential tenant.  Permissible factors to use in deciding whether to

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My Old School Strategy for Buying Multi-Units – By Jeff Taylor, MrLandlord.com

Posted on 01. Jan, 2014 by .

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A landlord recently asked the following question on the LandlordingAdvice.com website: “Anybody else having trouble finding stuff to buy? I’m looking for multi-unit buildings in

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Help! My Building is Not in the Nicest Location – By Joyce Kirby, Shoptalk Service Evaluations

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There is an old saying when it comes to selling or renting real estate that the three most important factors are:  location, location, location.  Yet, what if you are working at an apartment community that does not have these three things going for it?  Maybe your community is “off the beaten path” and no one […]

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Legal Q & A – by Richard Beckman, Attorney

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Question 1: In my rental lease addendum, I ask for house inspections of the premise to be up to four times a year. One applicant told me that was illegal, and that only one

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Legal Q & A – by Dennis Block, Attorney

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Question One: We recently had a city inspection at one of my rent controlled buildings. We attempted to gain entrance to one of the units, but the lock had been changed by

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Filling Vacant Properties – Are You Prepared? – By Bill Biko

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Part of being a successful landlord is learning to treat owning a rental property as a business. If you want to turn your rental property into a successful business, you need to separate yourself from

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New Resident Manager Laws For 2014 – By Dale Alberstone, Esq.

Posted on 01. Jan, 2014 by .

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Hello everybody. It is time once again for my annual January update on the wage, hour and rent laws that apply to resident managers. In case you have not heard, effective

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Northern California Landlords…How to Avoid Trouble and Save Money! Follow These Laws and Ideas for 2014! – by Patricia A. Harris

Posted on 01. Jan, 2014 by .

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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 wishes each and every one of you

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Avoiding a Craigslist Rental Scam – By Mel Metts

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A few months ago, I listed a house for rent and a prospect contacted me for information.  She decided that the rent was too high for her budget but then she contacted me about a Craigslist ad

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“Attractive Nuisance” Dangers on Your Property – By Hub International

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It may surprise you that you are responsible for preventing injuries to children sustained while they were trespassing on your property that were caused by man-made conditions called

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Presidents Message – Prop. 13 Saves You Money Until …

Posted on 01. Jan, 2014 by .

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The below article was written by Jon Coupal, President of the Howard Jarvis Taxpayers Association. This is a tale of coattails – the coattails of an

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New 2014 Laws for Rental Property Owners – By Michael A. Brennan, Attorney

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The 2013 legislative session closed resulting in a mixed bag of good and bad news for rental property owners. While at least one law which would have had a disastrous effect on landlords was vetoed, several others with

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