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Archive for December, 2016

What are Reasonable Accommodations? – By Zachary Lawrence JD

Posted on 01. Dec, 2016 by .

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In California, state and federal law require that landlords provide “reasonable accommodations” and “reasonable modifications” to tenants with disabilities. These accommodations allow tenants with a disability an equal opportunity to use and enjoy a dwelling unit or common area. 

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Management Tips From Mrlandlord.com -10 Biggest Landlord Mistakes – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Dec, 2016 by .

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Warning From a Fellow Landlord A regular contributor on LandlordingAdvice.com warns that cutting corners can come back to bite you.  

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What All Residential Property Managers Need to Know – By Lisa Eifert

Posted on 01. Dec, 2016 by .

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Approximately 10,000 Baby Boomers have turned 65 every day since 2011 and will continue to do so until 2030, according to data from the Pew Research Center. The aging population is anticipated to have a sweeping impact across various aspects of society – from healthcare to the economy. One particular sector set for major change […]

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Create an Annual Operating Budget For Your Multifamily Property – By Theresa Bradley-Banta

Posted on 01. Dec, 2016 by .

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A multifamily real estate annual operating budget allows you to compare the actual financial performance of your property to your long-range projections for future income and expenses. It’s important to prepare an annual income and expense forecast for your property whether you manage it yourself or if a professional third party management company manages it […]

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None of Our Politicians Has the Courage to Do the Right Thing for Owners and Renters – By Noni Richen

Posted on 01. Dec, 2016 by .

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In what must have been one of the low points of her day, a young woman recently knocked on my door to tell me that she was from the San Francisco Tenants Union and wanted to invite me to a “Town Hall” to listen to Dean Preston, a supervisorial candidate talk to tenants about how […]

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Tips and Strategies to Effectively Negotiate Real Estate Transactions and Legal Disputes – By Nate Bernstein, Esq.

Posted on 01. Dec, 2016 by .

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Unlike the sale of a Tesla or a Saturn, most transactional and legal problem situations are negotiable. In real estate negotiations, the image or perception of having rote power is not the most important factor for getting what you want.  It’s all about using strategies to achieve common ground on the major points.  Sure, if […]

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Top 10 Worst Property Management Mistakes – By John Wilhoit, Jr.

Posted on 01. Dec, 2016 by .

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The question that will come to mind as you read this is “Who does that”?  The unfortunate answer is too many people.  We are in an industry full of talented people.  Mostly.  If these mistakes are occurring with your assets, it is probably time to look for new management – first to stop the damage […]

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Legal Q & A – by Dennis Block

Posted on 01. Dec, 2016 by .

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Question One:  We attended your seminar on Tenant Screening at the L.A. Convention Center as we are members of the AOA. Thank you very much for your seminar which gave us highly useful tips to screen probable tenants. I will be glad to use your services for us and for my friends because of your […]

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3 Ways You Can Prevent Vacancies – Holiday Ideas – By Nick Sidoti, “Dr. Cash Flow”

Posted on 01. Dec, 2016 by .

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Q. Dear Nick:  I own a number of buildings in a large North Eastern city that is currently depressed. My vacancy rate is creep­ing up. At one time it was unheard of to have more than a one month vacancy. Now they are lasting two or three months and I have to work very hard […]

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Legal Q & A: The Unlawful Detainer Action and Stipulated Agreements – by Franco Simone, Esq.

Posted on 01. Dec, 2016 by .

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Q: I have filed an eviction (unlawful detainer lawsuit) and I think I will win if we must go to trial. My attorney wants me to consider settling the case, why should I settle instead of going to trial?

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Christmas Safety Tips for Landlords and Their Tenants – By Sharon Vornholt

Posted on 01. Dec, 2016 by .

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Landlords are always concerned about safety issues in their investment property. But there is no better time than during the holidays, to remind your tenants of some basic steps they can take to keep themselves and the property they live in safe.  Holiday decorations present many “opportunities” for landlords to encounter additional liability. 

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HELP STOP THE TRASH MONOPOLY! – By David Hernandez

Posted on 01. Dec, 2016 by .

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Apartment Owners, Business Owners and Community Leaders Are Fighting Back to Protect Your Rights and Your Wallets! In 2014 the Los Angeles City Council and Mayor, working with Labor Based Organizations passed an Ordinance impacting all commercial business, including apartment owners, in Los Angeles. While the city picks up trash from residential and some smaller […]

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Letters to the Editor…Does Tenant Welfare Work?

Posted on 01. Dec, 2016 by .

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Dear Dan: Is it weird or just my imagination?  The learned folks downtown treat rental housing as a business – that is to say (the man, big brother).  Yet, they don’t tell Safeway or Wal-Mart how much to sell their products for. They don’t tell the town barber how much to charge for a haircut.  […]

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Dealing With Late Paying Tenants – By Bill Biko, “The Educated Landlord”

Posted on 01. Dec, 2016 by .

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I received an email recently asking me what steps a landlord should take when a tenant is late with rent and I was kind of taken aback. You see, this is one of those issues that is so easy once you’ve gone through it a couple hundred times. The problem for me is it was so […]

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Still the Biggest Pitfall of a Family Living Trust Lawsuit – By Dale Alberstone, Esq.

Posted on 01. Dec, 2016 by .

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As I advised AOA members in this column five years ago, the biggest pitfall in any arbitration or litigation, including unlawful detainers, brought or defended by a family living trust is the failure of the pleadings to properly identify the trustees of the trust as parties to the proceeding. 

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Something to Think About #51 – Uncle Sally’s Nephew, Part 14 – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 – MLO – 249261

Posted on 01. Dec, 2016 by .

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If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com.

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Americans Who Make More Than $100,000 Pay 80% of Federal Income Taxes – By Kelly Phillips Erb

Posted on 01. Dec, 2016 by .

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A surprising new report from FORBES: Here’s the dirty little secret that we don’t like to talk about – when it comes to income tax, top earners really do pay more in federal income taxes. According to recent Internal Revenue Service (IRS) data, Americans earning over $100,000 paid 79.5% of federal income taxes in 2014.

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Holiday Gift Ideas for Tenants – Size Doesn’t Matter – By Patricia A. Harris

Posted on 01. Dec, 2016 by .

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Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to […]

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The Future of Apartment Websites – By Kerie Kerstetter

Posted on 01. Dec, 2016 by .

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Web design can be a definite pain point in multifamily, yet it’s a major factor in whether prospective renters are able to find the information they need about your property.  As more and more people access the internet from mobile devices, responsive website design has become the most important feature for apartment websites.  Here’s what […]

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5 Tips for a Smooth Make-Ready – By Paul Rhodes

Posted on 01. Dec, 2016 by .

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Dictionary.com defines make-ready as the act or process of making something ready for use; the maintenance team’s definition can span everything from A to Z with the clock ticking every minute a new resident is waiting to move in to their new or “nearly’ new” apartment. 

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Landlords Fined Thousands of Dollars for Discriminating Against Felons! – By Rental Housing Journal.com

Posted on 01. Dec, 2016 by .

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The State of Washington’s attorney general’s office has filed another consent decree against a landlord for illegally discriminating against potential tenants who are felons, according to news reports. A recent court filing indicates that the Washington State Attorney General’s Office believes that denying a prospective tenant with a felony conviction is racially discriminatory, according to […]

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Dec, 2016 by .

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Question 1: A company would like to rent one of our apartments for their out-of-town employees. An employee would stay 3-4 months and then a new employee would come in. My questions: How do I verify a company’s credit and integrity? What should I be leery of, if anything?

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7 Secrets to Keep Tenants Renewing Your Leases – By Larry Arth

Posted on 01. Dec, 2016 by .

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Keeping your tenants happy and renewing their leases is key to keeping your rental housing business and your revenue growing. I learned early on in the landlord business that I had to build a strong relationship with my tenants if I wanted long-term loyal clients for my rentals.

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Americans with Disabilities Act – Are You ADA Compliant? – By Anthony C. Guichard

Posted on 01. Dec, 2016 by .

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As a rental or commercial property owner, you will be faced with Americans with Disabilities Act (ADA) compliance issues at some point. Each property is uniquely different and what works for one property doesn’t necessarily work for another property. The sheer amount of information needed to identify and design around these issues can be overwhelming. 

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