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Archive for April, 2018

Another Law That Could Increase Housing Costs! By – George Minter

Posted on 25. Apr, 2018 by .

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Did you know lawmakers in Sacramento are currently considering legislation that would take away Californians’ right to make choices about the energy they use in their homes and businesses?  Assembly Bill 3232 would drive up energy costs for families and business owners by forcing them to swap out natural gas appliances for electric ones. For […]

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After Billions in Tax Increases, Californians Deserve a Tax Cut – by Jon Coupal and Vince Fong

Posted on 01. Apr, 2018 by .

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For millions of Californians, the state has been rendered unaffordable because of foolish and counter-productive policies emanating from Sacramento. A shocking one-third of California renters spend at least half of their take-home pay on rent, and only 40 percent can afford to purchase a median-priced home. Little wonder then, that one in five Californians lives […]

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The 2018 Consumer Housing Insights Survey – by the National Multihousing Council

Posted on 01. Apr, 2018 by .

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Below is part of the supporting data for the National Multihousing Council’s, (NMHC) report titled “Disruption – How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution”. The National Survey, conducted by Beck Research, questioned 1,000 adults with emphasis on renters and millennials. Key findings include:

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When it is Time for a Buy and Hold Investor to Sell? – by Larry Arth

Posted on 01. Apr, 2018 by .

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The past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately were comforted in knowing their investments have gained a substantial increase in […]

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Did You Know? – by Attorney Dennis Block

Posted on 01. Apr, 2018 by .

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Tenant Death Under California law, if a tenant dies in your unit, you must disclose this fact to perspective applicants for a three-year period. The only exception is if the tenant died of aids. Sex Crimes It is considered discriminatory not to lease to persons guilty of sex crimes IF you learned about their convictions […]

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Risk vs. Reward – by Zachary Lawrence JD

Posted on 01. Apr, 2018 by .

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Many of the decisions we make in business and in life, are arrived at by asking ourselves if the risk is worth the reward. I have a 68 year old friend who is running this year’s LA Marathon.  I admire her passion, discipline and mental toughness.  What I don’t like is the beating that her body […]

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Management Tips From MRLANDLORD.COM (Shared by landlords nationwide)

Posted on 01. Apr, 2018 by .

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Costly Mistake Many Landlords Make! One landlord, who served on her local landlord-tenant commission, became familiar with hundreds of complaints brought against landlords. From the complaints she made at least six observations which may be wise for landlords to make note of, to avoid making some very costly mistakes when it comes to security deposits.  

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The Negative Consequences of a Costa-Hawkins Repeal are Entirely Predictable

Posted on 01. Apr, 2018 by .

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The below article was written by David Brownell.  AB 1506, repealing the Costa-Hawkins Act, failed to make it out of committee. Those who believe that such problems as rising rents, evictions, and loss of ethnic and economic diversity in San Francisco can be solved legislatively by unrestricted rent control will continue to believe that as […]

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Rent Control Does More Harm Than Good – by the Editors of Rental Housing Journal

Posted on 01. Apr, 2018 by .

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A new study by Stanford University professors of rent control in San Francisco concludes that it does more harm than good and can cause housing shortages that reduce the number of low-income people who can live in a city. Economists Rebecca Diamond, Timothy McQuade and Franklin Qian did the study, “The Effects of Rent Control […]

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Legal Q & A by Richard Beckman

Posted on 01. Apr, 2018 by .

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Question 1: If a prospective tenant asks us if we accept Section 8, is it legal to say no? Can you tell me the positive and negative points on Section 8? Our property is in Petaluma.

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Introducing … Soundproof Paint! – by Jonah Lupton

Posted on 01. Apr, 2018 by .

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One of the biggest headaches for owners and operators of commercial and residential buildings, like hotels and apartments, are the noise complaints. Guests and residents get very upset when disturbed by unwanted noise which often leads to bad reviews, lease terminations and lost revenue.

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Legal Q & A: Service and Emotional Support Animals – by Franco Simone, Esq.

Posted on 01. Apr, 2018 by .

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Reasonable Accommodation: Modifications made to existing rules and practices that are necessary for an individual with a disability to have equal opportunity and peaceful enjoyment.  Disabled Person: An individual with a sensory, mental or physical condition that restricts one or more important activities (such as walking, seeing, hearing, working, etc.).  Assistance Animals: HUD compliance guidelines […]

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Coming Next Month! The FREE “Million Dollar” Trade Show and Landlording Conference and City of Los Angeles “Trashes” Constitution!

Posted on 01. Apr, 2018 by .

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The Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month.  The big show will be held on Tuesday, May 15th at the Long Beach Convention Center in Hall C, 300 East Ocean!

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Stay Out of Trouble with These Fair Housing Do’s and Don’ts – by Rent Watch – Project Sentinel

Posted on 01. Apr, 2018 by .

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Below are some situations encountered by Fair Housing, (Project Sentinel) that will communicate valuable information about the rights and obligations of tenants and landlords.  

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Can Landlords Legally Tape Record Tenants’ Conversations? – by Dale Alberstone, Esq.

Posted on 01. Apr, 2018 by .

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Hello everybody.  Occasionally landlords want to tape record or otherwise electronically record (collectively “record”) conversations they have with their tenants.  My column this month will address whether such recordings are legal or illegal under California law. Let’s first start with some True/False questions.

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Income Property Investment Strategies: Tax Shelters and the Restoration of Classic Properties (Part 3 of 4) – by Terry Moore, CCIM

Posted on 01. Apr, 2018 by .

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This column is the third of four part series on building and maintaining legacy wealth, Rehabbing apartments was my first article; repositioning apartments was the second.  Now we will consider investing in classic buildings in highly desirable areas.  Think the beach or Mission Hills. Legacy wealth enables you and those who will inherit from you […]

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Something to Think About #67: Uncle Sally’s Nephew, Part 30 – by Klarise Yahya

Posted on 01. Apr, 2018 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 29:  So RadioVoice was right in one limited respect: the value of a NNN investment, with no rent increases linked to inflation, may not keep up with the cost […]

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What is Costa-Hawkins and How Does it Affect You? – by Michael Millman, Attorney

Posted on 01. Apr, 2018 by .

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The Costa-Hawkins Fair Housing Act of 1995 is a state law that establishes some requirements for the 15 California cities which have some form of rent control or rent stabilization including West Hollywood, Berkeley, San Francisco, Beverly Hills, Los Angeles and Santa Monica.

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Legal Q & A by Dennis Block

Posted on 01. Apr, 2018 by .

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Question One: I opened an escrow to sell my duplex in Los Angeles. My only tenant is my son and his girlfriend. I gave him a 60-day notice to vacate, but he tells me that he will not vacate. I am afraid I will lose the sale if he does not leave. Do I have […]

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Letters to the Editor… TRASH MONOPOLY

Posted on 01. Apr, 2018 by .

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Sent to Mayor Dear Mr. Garcetti: I own two rent-controlled properties in District 5 and one in District 2 and am writing to complain about the outrageous rate hike, aka monopoly, that you have forced upon your commercial property owners with the new “let’s recycle” plan.  We were already happily recycling with our trash company […]

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Your Maintenance Staff’s Impact on Renter Retention – by Wanda E. Stewart

Posted on 01. Apr, 2018 by .

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When you’re looking for or training a maintenance technician for your multifamily property, you’re probably only focused on his or her core skills, and that’s only natural. However, in the customer-centric environment of today, repair experience and an HVAC certification are just a part of the puzzle. Modern residents don’t just want their faucet repaired […]

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Strong Objection to Trash Monopoly – Are They Crazy?!

Posted on 01. Apr, 2018 by .

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Below is a letter was sent to the Mayor and all L.A. City Councilpersons which is one of hundreds that our members have written. Dear City Council Representatives: I am president of CDI Management, Inc, and own a number of apartment buildings in Los Angeles. I also own a number of buildings around the USC campus where I […]

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