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Archive for May, 2016

How to Get Two or Three Times More Rent and Much Better Tenants Without Section 8 – by Nick Sidoti, R.A.M.

Posted on 01. May, 2016 by .

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You have heard it all before.  Some of us have even said it ourselves – “Being a landlord can be a pain.”  Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate.  We also know all the benefits of investing in real estate.  […]

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5 Extraordinary Ways to Market and Lease Apartments – By Theresa Bradley-Banta

Posted on 01. May, 2016 by .

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When it comes to marketing and leasing apartments, Craigslist might be your best source – but it’s not the only game in town.  Zillow.com, HotPads.com, Rent.com, Apartments.com, your own website and social media can all generate good traffic.  But have you explored new resources and strategies lately?

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How to Be a Better Property Manager Everyday – By Will Johnson

Posted on 01. May, 2016 by .

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Early in my career, I worked for a large recruiting and staffing firm. My sales manager, who was about my age, was the typical company man. He dressed sharp, drove a nice car, constantly smiled, was awkwardly positive about any situation, and was a never ending fountain of motivational quotes — a budding young Zig […]

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

Posted on 01. May, 2016 by .

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Question One: I have an apartment complex in Burbank. There is another building next to mine that has very noisy neighbors. My tenants are constantly complaining. What are my options? Answer One: You cannot directly control the actions of those tenants. I would write a letter to the property owner and explain the situation and […]

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5 Sure-Fire Ways to Prevent Tenant Turnover on Your Investment Rental Properties – By Robert Syfert

Posted on 01. May, 2016 by .

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Do you want to know some secrets for preventing tenant turnover in your single-family rental (SFR) or other real estate investment rental properties? Is the vacancy period between tenants eating too much into your profit margin?

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Three Tips to Vamp Up Your Rental Listing Photos – By Ryan Green and Becky Bower

Posted on 01. May, 2016 by .

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The look of your rental property can make or break an applicant’s interest in becoming your new tenant. For most millennial applicants, visual media is a must for even a phone call. While using a DSLR camera or high resolution camcorder would be ideal, these few tricks you can use with your smart phone can […]

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Mr. Landlord.com Tips on Management – By Jeff Taylor, “Mr. Landlord”

Posted on 01. May, 2016 by .

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It’s Not About Just Offering the “Right” Renewal Gift Don’t fall into the costly mistakes of thinking that simply offering residents the right gift at renewal time will greatly increase their desire to want to renew their lease. Many landlords think the trick to retention is simply figuring out the right renewal gift or incentive […]

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How to Write Off Practically Anything – By Karla Dennis

Posted on 01. May, 2016 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they […]

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. May, 2016 by .

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Question 1: I have a resident that is requesting permission to have a dog. She submitted a note from a doctor written on a doctor’s prescription slip. The note states “please allow my patient to have a small dog.” The building is a ‘no pet’ building, but the tenant is insisting she has the right […]

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Estate Planning For Apartment Owners – Super Investment or Unnecessary Expense? – By Attorney Kenneth Ziskin

Posted on 01. May, 2016 by .

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Most of the apartment owners we have had the privilege to meet and work with are pretty frugal with their money.  They rarely live in the most expensive homes, drive the most expensive cars or buy the most expensive designer clothes. They are the “millionaires next door,” who built a solid financial foundation on sound […]

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Exploding Healthcare Costs Are Out of Control – by Gary D. Halbert of Halbert Wealth Management.

Posted on 01. May, 2016 by .

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Today I want to address the soaring costs of healthcare, which are rising far more than the Obama administration and the Department of Health and Human Services will admit. While I personally don’t consider healthcare costs to be a political issue, many argue that it is indeed a political issue with regard to “Obamacare.”

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Top 10 Most Frequently Asked Questions On Housing Discrimination – By the Housing Rights Center

Posted on 01. May, 2016 by .

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QUESTION: I have a policy of charging new tenants a security deposit equal to one month’s rent.  If a tenant has children, I add $50 extra per child to the security deposit since kids usually cause more damage than normal.  Is this legal?

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Something to Think About #44 – Uncle Sally’s Nephew, Part 7 By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261

Posted on 01. May, 2016 by .

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The point of the Uncle Sally series has been to introduce the interested novice to some of the elements of income property investing. The hope is that misunderstandings might be avoided by opening a dialogue on at least a few of the elements a newish investor might face. One of these points is when to […]

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Genital Herpes and Apartment Buildings Updated – By Dale Alberstone, Esq.

Posted on 01. May, 2016 by .

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Hello everybody.  Long time readers of this column may remember the article I wrote for the June 2011 issue of AOA Magazine entitled “Genital Herpes and Apartment Buildings – You Better Disclose!”  The point of that discussion was that sellers of apartment buildings who know of hidden defects inherent in their property must disclose those […]

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Legal Q & A Security Deposit Refunds and Small Claims Court – By Franco Simone, Esq.

Posted on 01. May, 2016 by .

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Q. My tenant paid a security deposit of $2,120 for their one-year lease. At the end of the lease I deducted $650 for cleaning and damages. I sent the Security Deposit Itemization by certified mail to make sure my tenants received it and included a check for the remaining sum. My tenant is suing me […]

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Know the Difference Between a Repair and An Improvement – By By Terrence Jones, SPOSFI Business Member

Posted on 01. May, 2016 by .

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When is a “repair” a repair and when is it a capital improvement for federal and state income tax purposes? This is a question that every small property owner contends with at tax time.

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Prediction for 2016 in California Real Estate – by Bruce Norris

Posted on 01. May, 2016 by .

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The best way to look forward to 2016 is to look back at 2015. In January 2015, these important charts were flashing “price boom” signals in the single-family residential market. Foreclosures steadily declined, returning to a small percentage of all properties sold. In the past, this ratio of foreclosures to sales enabled sellers to establish […]

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Advertising Sources and Curb Appeal to Attract New Renters – By Joyce Kirby-Bica

Posted on 01. May, 2016 by .

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All apartment communities use various means to attract new renters.  Many forms of advertising have minimal costs in dollars (i.e. online ads, signs, banners, word of mouth referrals, etc.).  Yet the time and money it takes to create and design some of these ads and make sure they are well placed to capture attention is […]

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Unlocking Hidden Tax Benefits in your Apartment Investments – By Jeff Glass

Posted on 01. May, 2016 by .

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Each year after filing your tax return you may wonder if there might have been something else you could have done to reduce your income taxes. As the owner of multi-family rental real estate, you may be missing out on significant income tax benefits if you have not considered taking accelerated depreciation on your property.

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. May, 2016 by .

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Thursday, May 19th at the Long Beach Convention Center – Hall C    Mark your calendars for Thursday, May 19th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and […]

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Window Film: How Its Proper Use Can Help You Make Money – By Cliff Hockley

Posted on 01. May, 2016 by .

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It’s somewhat of a secret that window film has more than one application. If used correctly and installed by a professional, window film can deliver huge savings to building owners, especially in warmer climates. Over ten years ago we purchased a small office building to move our business into. We moved in March, and as […]

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