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Archive for July, 2017

Build Wealth Faster with Low Risk – Lucrative San Diego Apartment Investment Strategy – by Terry Moore, CCIM

Posted on 01. Jul, 2017 by .

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San Diego’s Unique Opportunity In Dallas and other western U.S. cities, 40 year-old multifamily structures are typically demolished and replaced by new construction. San Diego’s zoning and slow growth policies have combined to restrict apartment construction for at least the next 30 years. In addition, San Diego has down-zoned most of its apartment parcels; a […]

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The Landlord Mindset – Where Do You Fit? – by Bill Biko

Posted on 01. Jul, 2017 by .

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I’ve talked to many landlords over the years and we all have our individual reasons for becoming landlords. I’d like to think these are due to our landlord mindset and that mindset may not always involve a straight path.

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Why Taxes Continue to Go Up and Up – by Jon Coupal and Vince Fong

Posted on 01. Jul, 2017 by .

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Before the ink on the governor’s signature has dried on the largest gas tax increase in California history, Sacramento Democrats are fully intending to break their promise to dedicate the new revenue to fixing our crumbling roads. In the upcoming budget, there is a proposal to divert 30 percent of this gas tax increase to […]

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ANOTHER LANDLORD VICTORY! Lawsuit Forces City of Highland to End Warrantless Snooping on Rentals – by the Pacific Legal Foundation

Posted on 01. Jul, 2017 by .

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HIGHLAND, CA; May 30, 2017: Prodded by a Pacific Legal Foundation (PLF) lawsuit, the City of Highland has rescinded its unconstitutional scheme that attempted to coerce landlords and tenants into allowing government to inspect their rental homes without a warrant.

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San Jose’s Tenant Protection Ordinance Requires “Just Cause” Terminations – by AOA

Posted on 01. Jul, 2017 by .

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On May 9, 2017, the San Jose City Council adopted the Tenant Protection Ordinance. Additionally, the City Council adopted an Urgency Ordinance making the new regulations effective immediately. The Tenant Protection Ordinance outlines landlord responsibilities and tenant rights regarding notices to terminate.  Under the Tenant Protection Ordinance, landlords of multifamily dwellings, guesthouses and unpermitted units will only […]

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3 Steps to Positive Cash Flow: A Manager’s Perspective – by Janet Sprissler

Posted on 01. Jul, 2017 by .

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You don’t have to be crazy to work here: we’ll train you!  That is on the front page of the manager’s handbook … if there was one!  I’ve been a Property Manager for what seems like a million years.  Here’s what my training track looked like:  I got a call on a Tuesday afternoon in […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Jul, 2017 by .

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Q: I hired a property management company to take over managing my properties. What do I need to do to let my tenants know that I will not be managing my properties anymore?

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Something to Think About #58 – Uncle Sally’s Nephew, Part 21 – by Klarise Yahya

Posted on 01. Jul, 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 20:  She wrote down the call-back numbers on the handful of For Rent signs she saw. Then she pulled into a Trader Joe’s and stood in the longest line […]

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Immigration Impeded Under Clinton, Obama and Trump Administrations – by Ted Hilton

Posted on 01. Jul, 2017 by .

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The following is a ground-breaking article published in the San Diego Union Tribune, January 22, 2017, “Restricting Law Enforcement Risks Public Safety” by Ted Hilton.  You are reading now what was read by tens of thousands, and which is being distributed to the Trump leaders in Washington, D.C.  The research was very extensive to discover […]

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Tenant Awarded $450,000 for Bed Bug Bites! – by Patricia A. Harris

Posted on 01. Jul, 2017 by .

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Here’s the story.  A tenant in Pacoima, CA complained of bed bugs numerous times to his management company, who for several months, refused to provide pest control. When the landlord did nothing to eradicate the pests, the tenant called the Housing Department, who confirmed the bed bug infestation.  Within those few untreated months, the tenant […]

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Los Angeles Imposes Further Restraints on Landlords! – by Sheri Swist

Posted on 01. Jul, 2017 by .

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On April 19, 2017 the L.A. City Council voted 12-0 to make changes to portions of the Los Angeles Municipal Code governing the Ellis Act.  Of course, as anyone who knows how the city operates would guess, these changes further hinder landlords’ property rights.

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Multifamily Rents Up As Rate of Growth Continues to Slow Editors at Rental Housing Journal

Posted on 01. Jul, 2017 by .

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Multifamily rents rose slightly in April, but the rate of growth slid once again and now stands below the long term average growth rate, according to the latest report from YardiMatrix. The average U.S. monthly rents rose $3 to $1,314, according to Yardi Matrix’s monthly survey of 121 markets. On a year-over-year basis, rents were […]

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Usury Interest: How High is Too High? – by Dale Alberstone, Esq.

Posted on 01. Jul, 2017 by .

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Hello everybody.  At the time when interest rates on mortgages are at a near historic low, AOA members might find it surprising that I am devoting this article to a discussion of high interest rates, that is, usurious interest which exceeds the maximum rates California law allows. Even with overall low rates, occasionally lenders impose […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Jul, 2017 by .

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Question 1: Is there a new bedbug disclosure requirement that just started? Answer 1: Yes. New Civil Code section 1954.603 provides that on and after July 1, 2017, prior to creating a new tenancy for a dwelling unit, a landlord shall provide a written notice to the prospective tenant with specific information on bedbugs. This […]

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Protecting Your Single Family Rental’s Landscaping – by Cliff Hockley and Jeremy Boardman

Posted on 01. Jul, 2017 by .

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Mort Studebaker was the owner of single family home rentals.   His rental agreement required the tenants to take care of the landscaping. A simple concept you would think, but not really.    First of all, the tenants didn’t really read the couple lines of fine print in his agreement and they knew nothing about landscaping or […]

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Why Have I Lost the Right to Get the Best Trash Service for the Best Price? – by David Hernandez – Challenge Leader

Posted on 01. Jul, 2017 by .

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Many commercial businesses in Los Angeles are falling prey to the price gouging which comes from a closed monopolized method of providing trash service. Much like the DWP, the rates and increases are set or granted by your elected officials. With few exceptions, you must pay what they charge.

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Should I Show My Rental to Several Prospects at One Time? – by Joyce Kirby

Posted on 01. Jul, 2017 by .

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Everyone in the property management business knows certain times of the month are exceptionally busy.  Even managers and leasing people who are experts at scheduling will occasionally get “double booked” or swamped with “drop in” visitors.  Being able to handle more than one thing at a time and to do so graciously is just part […]

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The Inner Workings of the Courthouse Chambers – How Judges Work and Decide Cases – Part One – by Nate Bernstein, Esq.

Posted on 01. Jul, 2017 by .

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The “battle zone environment” of the downtown Los Angeles Superior Court is something to witness in person if you have never been there to experience it.  It is not for the genteel or the faint of heart.   The downtown Los Angeles Superior Court, located in the Stanley Mosk Courthouse, at 111 North Hill Street, is […]

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San Francisco’s Trash Collection Monopoly Will Cost You $$ – by Robert Noelke

Posted on 01. Jul, 2017 by .

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Recology’s proposed rate hike for refuse collection was a major topic of discussion at our April members’ meeting.  Paul Giusti, Recology’s Community and Government Affairs Manager, explained the proposed refuse collection rate increase; 16.5 in year one, 5% in year two and 0.6% in year three – (a total increase of 22.1% over the next […]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Jul, 2017 by .

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Question One: My property insurance policy states that no Pit Bulls or German Shepherds may be maintained on the premises. The presence of those breeds would void or cancel my policy. Can I use this as a valid excuse not to accept those breeds, including service and emotional support animals?

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How Can YOU Stay Up-to-Date with the Rental Industry?

Posted on 01. Jul, 2017 by .

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With the ever-changing rent control regulations and the new state and federal laws, what is the best way for a landlord to stay informed and keep up-to-date?   How can you make sure you are not following outdated rules and regulations or using obsolete rental forms?    AOA has your solution and all you simply have to […]

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Insuring a Second Home – How to Choose a Policy – by GS Insurance Solutions

Posted on 01. Jul, 2017 by .

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If you’re investing in a second home, we’ve gathered some insurance basics that will help you make the best buying decision when it comes to determining insurability and estimating your ongoing cost of ownership.

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Oppose AB 1506, AB 1505 and AB 982! – by Michael Millman, Attorney

Posted on 01. Jul, 2017 by .

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The below letter was sent to the Hon. Adam Gray, the Hon. Jim Cooper, the Hon. Rudy Salas and the Hon. Patrick O’Donnell.  Dear Friends:  There are probably several hundred thousand small family apartment owners in California.  Most of the older, affordable rental units are under rent control.  In cities like West Hollywood, Santa Monica, […]

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How to “RUB” Your Residents the Right Way – by Jennifer Stahlman

Posted on 01. Jul, 2017 by .

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You’re out at a restaurant having dinner with several of your friends. The drinks are flowing, the conversation is engaging, and the food couldn’t be better. It’s a great time until the bill comes. The mood quickly changes as everyone tries to figure out how much money to pony up. Someone suggests splitting the check […]

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