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Archive for January, 2017

What You Need to Know About the New Soft-Story Retrofit – by Joe Carrigan

Posted on 01. Jan, 2017 by .

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Last year in October, the Council of the City of Los Angeles passed Ordinance # 183893 mandating the retrofitting of residential and mixed-use, wood-framed, soft-story buildings that have four or more dwelling units.  Included in this ordinance are a number of non-ductile concrete buildings as well. Most of these buildings were constructed prior to the […]

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Create Your “Red Binder”- A Must Have For All Properties – by Patty Purdue

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I am sure you are curious what the answer to this “must have” is and why is it so important?  Let me start by explaining the purpose of an Emergency Red Binder.  Every employee should be prepared for emergencies and as we all know it is always too late if we are not ready.  The […]

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2017 New Year’s Resolution: Sign a Manager’s Agreement!! by Dale Alberstone, Esq.

Posted on 01. Jan, 2017 by .

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Hello everybody.  Most everyone hopes that 2017 will bring about a strong economy, an end to higher taxes, a peaceful transition for the new presidential administration, and other important things like that. As the legal writer for the Apartment Owners Association, my wish and 2017 New Year’s Resolution for AOA members is more modest, but […]

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Legal Q & A – By Dennis Block, Attorney

Posted on 01. Jan, 2017 by .

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Question One: I own property in Long Beach and recently gave a rent increase to all of my tenants. One tenant refuses to pay the increase and tendered a rent check for the original rental amount. What are my options?Answer One: Obviously, you have the right to raise your rent to any amount you choose. […]

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Legal Q & A: Abandoned Property – by Franco Simone, Esq.

Posted on 01. Jan, 2017 by .

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Q:  I served my tenant with a 3 Day Notice to Pay Rent or Quit and he called me during the three day notice period to tell me he moved and I could take back the property. He left the keys on the counter and he left some of his stuff behind. What do I […]

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ALERT – Senate Bill 407 – Provided by Metro Retrofitting

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ALERT – Senate Bill 407:   Water Conservation Retrofitting Goes Statewide for Single Family Dwellings on January 1, 2017.  Approved and Filed with Secretary of State on October 11, 2009.   SB 407 Property Transfers: Plumbing Fixture Replacement      The bill would require, on or before January 1, 2017, that all noncompliant plumbing fixtures in any single-family residential […]

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National Debt Swells by $1.42 Trillion in FY2016, More Than Expected – By Gary D. Halbert

Posted on 01. Jan, 2017 by .

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The Congressional Budget Office (CBO) reported that the federal budget deficit for fiscal year 2016 was a whopping $588 billion, up from $439 billion in FY2015. The CBO projects the deficit to rise to almost $600 billion in FY2017. That is bad enough. Yet the Treasury Department quietly reported that the national debt exploded by […]

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2% Mortgage Rates, $30 Trillion in Debt And Other Surprise Endings – By Bruce Norris, The Norris Group

Posted on 01. Jan, 2017 by .

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Strange times we are living in as investors. Figuring out what’s next has never been more difficult. What we have experienced in the last few years has been the effects of monetary policies unthought of and unheard of until now.

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Management Tips from MrLandlord.com – by Jeffrey Taylor, Mr. Landlord

Posted on 01. Jan, 2017 by .

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Uniforms Influence Rental Applicants One of the many simple yet practical and excellent suggestions made by Lisa Trosien, an instructor at the recent MrLandlord Convention, was to have a “company” name or logo printed on a polo shirt, to give the impression that you are wearing a “uniform”. Lisa often focused on the “psychology” of […]

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California’s Needless Housing Crisis – by Richard A. Epstein

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 The below article was written by Richard A. Epstein, contributing writer of Defining Issues, a Hoover Institution Journal. Please send a copy of this article to every elected official you know…please. Everyone agrees the most attractive areas in California suffer from a housing crisis that calls for drastic action. The difficult question is deciding what […]

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Something to Think About #52 – Uncle Sally’s Nephew, Part 15 – By Klarise Yahya

Posted on 01. Jan, 2017 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. Continued from Part 14:  The items above are just examples.  Some of the clauses may be inappropriate for a home remodeling contract. There could be – probably would be – other provisions […]

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Secrets of Self-Managing Your Property – by Bill Biko, The Educated Landlord

Posted on 01. Jan, 2017 by .

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Should you be self managing your property or should you be paying a management company to deal with your property? It’s a question that comes up quite often around here and there really is no one answer that fits everyone.

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Legal Q & A: Bay Area Rent Control Measures – 2016 – By Richard Beckman, Attorney

Posted on 01. Jan, 2017 by .

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For this edition of the Q&A column, we are presenting a summary of the various rent control measures that were on local ballots November 8. The summary is an overview of the most relevant aspects of each measure, and is followed by a link to a website where the complete measure can be reviewed for […]

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Smoke is Smoke: Regulating Marijuana Use in Apartments – By Esther Schiller

Posted on 01. Jan, 2017 by .

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The passage of Prop. 64 (Marijuana Legalization Initiative) on the California ballot on November 8th is not a “carte blanche” (total permission) for the use of marijuana wherever and whenever people desire and decide to use it. Rather, the result is the de-criminalization of marijuana use accompanied by a complex series of regulations which will […]

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Can California’s Taxpayers Be Thankful for 2016? – by Jon Coupal, President of the Howard Jarvis Taxpayers Association

Posted on 01. Jan, 2017 by .

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If taxpayers focus on the results of the recent election, there may not seem to be much to celebrate. While the rest of America took a big step toward fiscal sanity, the same cannot be said of California. At the state level, all three taxes, one on marijuana users, one on smokers and another on […]

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Start Your New Year’s Success : Do You Know Your Building’s Financials? – By Cliff Hockley

Posted on 01. Jan, 2017 by .

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“The biggest mistake many investors make is to ignore the numbers generated by their properties.” Financial Statements Let’s start with financial statements, or lack of them. Many real estate investors only track the results of their real estate investments at tax time. Instead investors should be reviewing their results by reading their financials on a […]

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Why Millennials Matter to Your Real Estate Success – by Larry Arth

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There is no dispute that the Millennials make up the largest segment of our population. They number around 80 million young adults who were all born between 1978 and 1995. They represent about 25% of the entire population. 

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Airbnb Wars Continue: Supervisors Seek Hard 60-Day Cap on Short-Term Rentals – by Gideon Kramer, Editor, SPOSFI News

Posted on 01. Jan, 2017 by .

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Regulations adopted in 2014—the so-called “Airbnb Law”—formally legalizing short-term rentals under 30 days for the first time, are not achieving the desired compliance goals. According to the city’s Office of Short-Term Rentals, 2,207 hosting applications have been received, but only 1,717 have been approved. That’s a small percentage of the estimated 7,000 to 10,000 hosts […]

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The Professional Landlord Checklist – Did You Know? – By Patricia A. Harris

Posted on 01. Jan, 2017 by .

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It is one of AOA’s goals to support you in making your business of providing housing for others more profitable, easier and more enjoyable!  We also aim to provide information from which you will discover at least one idea that will help you make and/or keep more money than ever before. Our commitment to you […]

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New Year’s Tips for “Smart Landlording” – by Teresa Billingsley

Posted on 01. Jan, 2017 by .

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Are you new to owning rental property and do not have a clue how and where to start? Or are you a property owner who has been in the field awhile and are seeking suggestions how to improve on your business and make it more profitable and productive? If you fall into either of these […]

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It’s “That Time” of Year Again – by Gautam Kumar, CPA

Posted on 01. Jan, 2017 by .

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As we begin the year with resolutions made, celebrations and get-togethers over, we get back to routine time.  So … what comes to mind?  “That time”of the year. Yes it’s that time of the year where Uncle Sam knocks at your door, reminding you to do your part in filing your tax return.

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Thanks for a Great 2016!

Posted on 01. Jan, 2017 by .

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Happy New Year everyone!  As a reminder of your benefits, listed below are of some of our newer services from last year to help support you in making your business of providing housing for others more profitable, easier and more enjoyable.   Forms At your requests, last year, we added the below, new AOA forms […]

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HELP STOP THE TRASH MONOPOLY! – by David Hernandez

Posted on 01. Jan, 2017 by .

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Apartment Owners, Business Owners and Community Leaders Are Fighting Back to Protect Your Rights and Your Wallets! The below article was written by David Hernandez, Lead Proponent & Executive Director – www.nolatrashmonopoly.com.  In 2014 the Los Angeles City Council and Mayor, working with Labor Based Organizations passed an Ordinance impacting all commercial business, including apartment owners, […]

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