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Archive for November, 2016

Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Nov, 2016 by .

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Question 1: We recently were approached by one of our tenants to find out if he could have a 220 volt electrical vehicle service equipment plug installed in the garage to charge his new electrical vehicle. Are we under any legal obligation to comply with his request? The property is located in Sunnyvale, CA. and […]

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Six Steps for an Effective Preventative Maintenance Plan – By Scott Matthews

Posted on 01. Nov, 2016 by .

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Maintenance costs in rental apartment communities have increased by 1.3 percent over the past three years and are expected to continue growing according to a recent survey.

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Trump and Hillary’s Latest Economic Plans – By Gary Halbert

Posted on 01. Nov, 2016 by .

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Clinton Economic Plan: Higher Taxes, Spending and More Government Hillary Clinton laid out her ambitious plan to jump-start the economy but upon examining the plan further, it may do just the opposite.

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The Importance of Ensuring Your Living Trust is Up-to-Date – By, Attorney Michael K. Elson

Posted on 01. Nov, 2016 by .

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A primary advantage to creating a living trust is that property left through the trust does not have to be administered through probate court before it reaches your desired beneficiaries.  If your trust is not up-to-date, your estate could be subject to probate or unnecessary taxes.  Or even worse, your assets could be distributed to […]

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Politically Controlled Rent Destroys Housing!

Posted on 01. Nov, 2016 by .

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  Annual Rent Increase is Fraudulent As an example, every year in September, the Los Angeles Housing Department (LAHD) is charged with responsibility of examining the Consumer Price Index (CPI) and comparing the increase or decrease over the last previous years.  It’s an arcane formula.

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Resident Retention: 6 Keys to Securing Lease Renewals – By Gainesville Apartments

Posted on 01. Nov, 2016 by .

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For property managers, securing long-term tenants through lease renewals is essential in building a successful, stable business by avoiding low vacancy rates and high turnover. Unfortunately, a recent renewal intention report from Kingsley Associates and MFE has brought property managers some disappointing news: for the first quarter of 2016, only 51.4% of residents responded that […]

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12 Important Steps for Apartment Owners and Investors To Prepare for the Big Court Trial – Part Two – By Nate Bernstein, Esq. – L.A. Real Estate Law Group

Posted on 01. Nov, 2016 by .

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If you are a party in a case that will likely go to trial, this article is part two of a two-part series that presents some important action items that you can do to prepare for trial and to help your attorney prepare for trial. Here is a continuation of some important items you should […]

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Improvements to Veteran Housing Program Make it More Attractive to Small Property Owners – By Patrick Thompson, LCSW, HUD-VASH Housing Coordinator

Posted on 01. Nov, 2016 by .

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The U.S. government and Department of Veterans Affairs have taken the bold step of assisting all veterans displaced from housing. But we need your help. Many SPOSFI members are already aware of the HUD-VASH Program, and several have taken advantage of the benefits that come with renting to a veteran.

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Legal Q & A – By Franco Simone, Esq.

Posted on 01. Nov, 2016 by .

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Q: I want to sell my rental property but I have a tenant living there. They are in a one-year lease that doesn’t terminate until June. Can I break the lease by selling the property?

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Technology vs Customer Service – By Joyce Kirby-Bica

Posted on 01. Nov, 2016 by .

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Technology has revolutionized the way many companies and entire industries do business – including property management.  In some rental offices, everything from leasing to rent collections, purchasing and maintenance requests, etc., are being logged, inputted, tracked or entered into a variety of computer programs and databases.  All of these processes are designed to improve accuracy, […]

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Don’t Let Your Estate Plan Be a Hazard for Your Family! – by Kenneth Ziskin, Attorney

Posted on 01. Nov, 2016 by .

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My wife, Hinda, who helps me with planning for clients, and I  have been lucky enough to meet hundreds of wonderful apartment owners though the AOA seminars we have done throughout California.  The majority of them planned ahead years ago and built living trust based estate plans to protect their families. Unfortunately, almost all the […]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Nov, 2016 by .

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Question One: I have an 18 unit apartment building in Anaheim. I would like to advertise my building as a no pet building. Am I legally allowed to state that in my advertisements?

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10 Ways to Be a Great Landlord – By Richard Montgomery

Posted on 01. Nov, 2016 by .

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It is upsetting when we get tenant complaints as a landlord. It is hard work renting apartments or homes to tenants and it takes people skills and management skills. Many times our goal as a landlord is to simply avoid tenant complaints. But there are principles, if properly used, that can reduce or eliminate tenant complaints. Do […]

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Understanding the Basics of Leverage and Return on Investments – By Bill Biko, “The Educated Landlord”

Posted on 01. Nov, 2016 by .

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If you’re buying your first or your fiftieth property, one challenge that almost every real estate investor runs into is financing their properties. In a perfect world, we’re all sitting on huge trunks of money and can simply purchase a property all cash. No financing required, no banks or brokers required and it all gets […]

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Real Estate Investing – Risk, Rewards, Do’s and Don’ts – by Larry Arth

Posted on 01. Nov, 2016 by .

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I remember it like it was yesterday … A gentleman walked into my real estate office and stated, “I heard you worked with real estate investors.” After acknowledging that yes, indeed I did, his next comment was, “Great, I want you to teach me everything you know about real estate investing.” 

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Is Your Building Rent-Ready for the Millennials? – By Cathy Jeney & Whitney Hahn

Posted on 01. Nov, 2016 by .

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Just this year, Bill Nye, the Science Guy, made a bold statement saying that the “greatest generation” has arrived.  But have you heard of them?  At 75.4 million strong, they are now the largest living generation in the U.S. Born between 1982 and 1995, Millennials (also known as Generation Y) are around the ages of […]

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The Risks and Rewards of Owning NNN Investments – By Cliff Hockley, President, Bluestone & Hockley Real Estate Services

Posted on 01. Nov, 2016 by .

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As real estate investors retire, many choose to reposition their assets out of management-intensive investments (such as apartments, office buildings, storage, and mobile home parks) and into lower maintenance single-tenant NNN investments.

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MrLandlord.com Tips on Management – By Jeffrey Taylor

Posted on 01. Nov, 2016 by .

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5 Tips for Attracting Great (Better) Residents Good residents come to you not by accident, but by design. There are good residents in every price range and in every neighborhood. A professional landlord will attract quality residents. An unprofessional landlord will attract troublesome residents. Your rental property is only as secure as the residents who […]

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Do You Have a Written Qualification Criteria List for Applicants? By Patricia A. Harris

Posted on 01. Nov, 2016 by .

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Having a written criteria list for your rental applicants is pertinent in your rental business and serves several purposes.  By attaching a copy of your rental criteria to each blank application form, you are informing your applicant of a list of conditions that must be met for them to be considered as a future tenant […]

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Roof Coatings Are Not Roofs! – By Tom Scherer

Posted on 01. Nov, 2016 by .

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Roof coatings became popular in the 1970’s and 80’s, along with the “Bee Gees”, and they have been around ever since. Coatings are applied over an existing hot tar roof in an effort to “extend” the life of the roof and to add reflective qualities to the system. This is sound thinking, however, in many […]

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What Time Records Must a Resident Manager Keep? – By Dale Alberstone, Esq.

Posted on 01. Nov, 2016 by .

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Hello everybody.  Regular AOA readers of this column know that my most passionate recommendation to owners and management companies who employ resident managers is have their managers sign a written employment agreement setting forth the terms and conditions of the hiring.

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Something to Think About #50 – Uncle Sally’s Nephew, Part 13 – by Klarise Yahya, Commercial Loan Broker – BRE: 00957107, MLO: 249261

Posted on 01. Nov, 2016 by .

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Continued from Part 12:  The incentives broke out thusly:  If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D. […]

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BASTA – A Year Later – By Grayce Long, Attorney

Posted on 01. Nov, 2016 by .

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The bad news for landlords is that BASTA is still going strong and appears to be growing.  Recently, I was in the Downtown L.A. courthouse in Department 94, where all evictions are heard.  There was a calendar of 54 unlawful detainer cases and of those 54 cases, BASTA represented 15 of the defendants.   That means […]

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