Receive news, updates and special deals by Joining AOA's Online Newsletter. Click now to sign up!

Archive for November, 2014

Estate Planning Mistakes Made by Apartment Owners Can Cost Millions! – by Kenneth Ziskin, Attorney

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

After presenting the July seminar on estate planning for apartment owners, I had the privilege to review the estate plans of dozens of owners.  The review confirmed my concern about common mistakes in estate planning by apartment owners.

Continue Reading

Landlording Humor – What Should I Do If….. – By Patricia A. Harris

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Let’s face it – in this business of landlording, we certainly can run across some unusual circumstances.  Many times, it’s difficult to know what to do but sometimes, we are even at a loss for words.

Continue Reading

What You Need to Know About Relative Move-In (RMI) Evictions – By Daniel Bornstein, Attorney at Law

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

While many property owners are familiar with the established guidelines for owner move-in (OMI) tenancy terminations, most have limited knowledge of the rules regulating relative move-ins (RMI) pursuant to the SF Rent Ordinance. Following is an overview of the rules to ensure that you are

Continue Reading

Three Important Steps for Building Property Management Compensation Plans © – by Ernest F. Oriente, The Coach

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

During the course of your professional career as a property management executive, building new compensation plans will be one of the most important projects you ever undertake.  In fact, this project has the potential to be an explosive issue for your team of SuperStars and must be designed with great care.  The information in this […]

Continue Reading

A Shocking Move in Real Estate is About to Happen

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

“Steve, didn’t you say that once mortgage rates fall to X% that house prices would soar?  Aren’t we there now?”

Continue Reading

Collecting Rents – Landlords Finest Hour – By Jay P. DeCima

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

I often refer to landlording and managing as the 10% job that earns the other 90% of every rent dollar I collect!  I have always charged 10% to manage properties, although I only do it for myself nowadays.  I might just add, however; I’d be more than happy to pay any professional manager 10% of […]

Continue Reading

How Much Should You Spend on Maintaining Your Property? – By Robert Cain

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

What maintenance you do on a building depends a lot on when you plan to sell it or how long you expect the tenants to stay.  To decide, you must look at three things:

Continue Reading

5 Best Improvements for Your Investment Property – By Jennifer Riner

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Landlords and “fix and flip” investors frequently upgrade their investment properties to increase their profitability before acquiring tenants or selling the units. Renovations related to plumbing, electric, roofing, or other major systems often require

Continue Reading

Five Tips for Giving Tenant References – By Jennifer Chan

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

If you’ve been managing rentals for a while, it’s likely you’ve received requests for tenant references.  When your current or former tenants are looking for a new apartment, your contact information may be submitted to their future landlord as a reference.  Similar to how you request landlord references and complete a

Continue Reading

California’s in Big Trouble – Food Prices Are Skyrocketing – By Gary D. Halbert

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Do you know that the U.S. state which produces the most vegetables by far is going through the worst drought it has ever experienced? Do you know that the size of the total U.S. cattle herd is now the smallest that it has been since 1951, even though our population has doubled since then? Do […]

Continue Reading

An Open Letter to Mayor Garcetti from The Fair Housing Coalition – By Bill Hooey

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

  Dear Mayor Garcetti: I wrote to you last year – two months after you were in office and became the Mayor of the City of Los Angeles.  My goal was to bring to your attention the huge amount of problems that good and decent landlords are having with the Los Angeles Housing Department.

Continue Reading

Keeping Proper Tenant Records to Win Lawsuits – By Judy Tremore with Deborah Boersma Zondervan

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

It’s impossible to predict what you will need and when.  Relying on memory is a mistake, because over time the details will be fuzzy and what you think you remember won’t help you in court.  The only way to win a lawsuit is to establish a paper trail of documentation.  You need

Continue Reading

Proposition 13 Survives Legislative Session – By Jon Coupal

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Two years ago, when 2013-14 legislative session began, things looked very dark for California homeowners. Democrats, many hostile to Proposition 13, achieved a super-majority in both the Assembly and Senate. Many publicly expressed their hostility to the landmark property tax initiative and one even said he would like to

Continue Reading

Something to Think About: #26: Serious Economic Events – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107- MLO: 249261

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Wealth Gap  “At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast.”

Continue Reading

10 Tips for Renting Your Vacancy Faster – By Robert S. Griswold, MBA

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Every day that a rental unit sits vacant is a loss of revenue that you can never fully recover, regardless of whether you eventually secure a higher rent.  Here, I give you ten specific tips to help you rent your vacancy right away. 

Continue Reading

Legal Q & A Day Care Business – by Franco Simone, Esq.

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Q:  My tenant informed me that they plan on running a small day care business out of their apartment. However, my rental agreement strictly prohibits operating a business out of the apartment and the area in which the apartment building is situated is not zoned for commercial businesses. What can I do as a landlord […]

Continue Reading

Report Bad Tenants and Collect on Judgments! – By Patricia A. Harris

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

 Did your tenant skip out owing you rent?

Continue Reading

Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Question 1: What rights do tenants have to demand an owner or an HOA to provide an electric car charging station?

Continue Reading

Protecting Your Property From Careless Residents – By Paul J. Kaliades

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

It’s almost inevitable that property managers will experience resident negligence that leads to unintended damage to the unit.  Although residents may think that they are engaged in innocent actions, property managers may wonder “What the heck was that resident thinking?” after coming across the by-products of these actions. 

Continue Reading

Legal Questions and Answers – By Dennis Block, Attorney

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

Question One:  My tenant requested an inspection of his unit after serving his intention to vacate. We agreed on a specific date and time. I arrived timely but the tenant was not home. He never even called to state that he could not make the appointment. He is now calling and wants to reschedule. He […]

Continue Reading

Tips for Insuring Your Apartment Properties – By Michael J. Hughart

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

There are many things you should consider when selecting the proper amount of insurance for your apartment building.  Your apartment building is a large investment and it can also be a potentially large liability should someone find you negligent for their injuries.  Here are some ways to protect your investment and yourself from liability.

Continue Reading

The Basics of Partition of Real Property – By Dale Alberstone, Esq.

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

  Hello everybody.  As AOA members know, apartment buildings are frequently owned by two or more persons as tenants-in-common, joint tenants, or partnerships.  Upon acquisition, the parties typically have harmonious ideas for the investment.  Over time, however,

Continue Reading

Pacific Legal Foundation Defends Rental Property Owners From San Francisco Shakedown

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

 Can politicians force you to operate a business or compel you to be a landlord?  Can they block you from occupying half of your own home, forcing you to rent space to lodgers who can stay there as long as they like – at below-market, government-controlled rental rates?

Continue Reading

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

Posted on 01. Nov, 2014 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/aoausa44/public_html/magazine/wp-content/themes/busybee/archive.php on line 49

  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 educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that would help them make and keep more money than […]

Continue Reading