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Archive for May, 2018

“Trump Bump” Rescues California’s Unemployment Fund – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. May, 2018 by .

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America’s economic recovery has benefited California more than most states because the real estate crash hit the Golden State a lot harder. In other words, we’ve had to claw our way up from a deeper hole. The good news is that the strength of the recovery is impressive.

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More Adults than Ever Living with Roommates Due to Rental Costs – by the Editors of the Rental Housing Journal

Posted on 01. May, 2018 by .

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As rents across the country rise, the number of working adults living with roommates or parents in order to cut costs and share living expenses has grown rapidly, according to new research. “As rents have outpaced incomes, living alone is no longer an option for many working-aged adults,” Zillow senior economist Aaron Terrazas, said in the […]

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How to Write Off Practically Anything – by Karla Dennis

Posted on 01. May, 2018 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they […]

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Are You Properly Marketing Your Vacancies? – by Brent Williams, Multifamily Insider

Posted on 01. May, 2018 by .

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Marketing can hit you in all sorts of different ways, from making you fearful, anxious, excited, or even empowered.  Great marketing fills the audience with a powerful emotion that leads to ultimately craving that product or service.  Today I would like to take you on a journey, starting with some unbelievable marketing and leading to […]

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What’s in Store for California Real Estate? – by Bruce Norris, The Norris Group

Posted on 01. May, 2018 by .

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The next few months will tell the story for California real estate 2018. The peak median price for the year is usually May or August of a calendar year. The lowest price for the year is February.

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

Posted on 01. May, 2018 by .

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

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INTRODUCING THE NEW AOA WORKERS’ COMP PROGRAM

Posted on 01. May, 2018 by .

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Discover  How You Can Save Money! “The goal was to create a Workers’ Compensation program that delivers the most competitive rates while upholding the best safety, loss control and claims handling practices the industry has to offer.  We believe we have achieved just that,” said Anthony Miller, CEO of GS Insurance Solutions, the exclusive agency […]

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Letters to the Editor…

Posted on 01. May, 2018 by .

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Happy Members! Dear Dan: We are so pleased to be members of AOA – attending seminars, going to the Convention Center in Long Beach and utilizing the web site.  This morning for the first time (I am pretty old-school), I used the online form to give a 60-day notice for a rent increase. THANK YOU!  […]

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Cash Flow Versus Equity Growth (Which One Wins?) – by Larry Arth

Posted on 01. May, 2018 by .

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A typical phone call comes in where the investor on the other end wants to inquire about investment properties. Any guess as to what is the first question I ask them? “What is most important to you – cash flow or equity growth”? The typical response, of course, is both! I understand that we want […]

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Lease Options – Updated for 2018 – by Dale Alberstone, Esq.

Posted on 01. May, 2018 by .

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Hello everybody.  In light of a new decision issued on March 15, 2018 by the California Court of Appeal about lease “options,” it is timely for this month’s article to reexamine them. In this new case (Petrolink v. Lantel Ent.) the appellate court was presented with a lease agreement that gave the lessee an option […]

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. May, 2018 by .

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Mark your calendars for Tuesday, May 15th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows?  You may even go home with […]

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Is Your “No Pets” Policy Costing You More Money Than it is Saving You? – by Taylor Smith

Posted on 01. May, 2018 by .

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There are many reasons why landlords choose to not allow pets on their properties.  Some people are worried about the damage to the property and others are worried about the reaction of the neighbors and other tenants.  But, the most common reason by far is that the landlord used to allow pets and got burned […]

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Did You Know? – by Dennis Block

Posted on 01. May, 2018 by .

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NEW PURCHASE: If you purchased a building with existing tenants, you cannot demand rent unless you first serve your tenants with a written notice stating the following items:

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Something to Think About #68: Uncle Sally’s Nephew, Part 31 – by Klarise Yahya

Posted on 01. May, 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 30:   While there were no guarantees, she anticipated the fall would be abrupt (the “suddenly” part), with the recovery extended over several years. However, it’s not always that way. […]

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How to Get Your Rent-Controlled Tenants to Pay for 60% of Major Improvements – by David Crown

Posted on 01. May, 2018 by .

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If you own rent-controlled apartments in Los Angeles, you might not know about one of the most valuable programs available to owners. It’s through the Los Angeles Housing and Community Investment Department (HCIDLA) and called the “Capital Improvement Rent Pass-through.” It has the ability to have a truly major positive impact on your profits.

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How to Get Two or Three Times More Rent and Much Better Tenants Without Section 8 – by Nick Sidoti, R.A.M.

Posted on 01. May, 2018 by .

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You have heard it all before.  Some of us have even said it ourselves – “Being a landlord can be a pain.”  Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate.  We also know all the benefits of investing in real estate.  […]

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5 Warning Signs of a Potential Bad Tenant – by Abishek Kumar

Posted on 01. May, 2018 by .

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Renting a property has been a nightmare for landlords who have had bad tenant experiences in the past. Finding a good tenant happens not just by luck, but also through wise and judicious discernment. Before renting your property, you have to ensure that your tenant will not fail to pay the rent on time and […]

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

Posted on 01. May, 2018 by .

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The following COLLECTION strategy has worked multiple times with one landlord. He shares below how his “Sending Payment Plan Options” strategy to former residents who still owe money, worked out most recently. Send Payment Plan Options to Former Residents “I had a resident move out at the end of November and stiff me for proper […]

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AOA N E W S R E L E A S E – TRASH SERVICE FOR LESS!

Posted on 01. May, 2018 by .

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No one wants to live in a community where, at all hours of the day, the sidewalks or streets are obstructed by dumpster bins. For property managers and owners of multifamily properties, bringing the trash out each week can present its own set of logistical challenges.  In some cities, local waste companies pull dumpsters out […]

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INTRODUCING THE NEW AOA WORKERS’ COMP PROGRAM

Posted on 01. May, 2018 by .

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Discover How You Can Save Money! “The goal was to create a Workers’ Compensation program that delivers the most competitive rates while upholding the best safety, loss control and claims handling practices the industry has to offer.  We believe we have achieved just that,” said Anthony Miller, CEO of GS Insurance Solutions, the exclusive agency […]

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Legal Questions and Answers – by Dennis Block

Posted on 01. May, 2018 by .

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Question One: I have a tenant who states that he and his roommate are getting sick from mold. He happened to call me on the day rent is due and refuses to pay until I have this remedied. I did have a leak in this unit, which I immediately fixed by removing part of the […]

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Evictions: New Ways to Combat the Jury Trial Syndrome – by Grayce Long, Attorney

Posted on 01. May, 2018 by .

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Unfortunately, jury trials are still something that we have to be careful of and watch out for in Southern California evictions. We are seeing the continued rise of jury trials, not only in rent controlled areas but in all counties. What can you do to strengthen your case if it has to go to jury?

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Housing-Related Bills Pending in the State Legislature for 2018 – by San Francisco Small Property Owners Association

Posted on 01. May, 2018 by .

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AB 1796 (Muratsuchi D) Rental Property: Electric Vehicle Charging Stations. Current law requires a lessor of a dwelling to approve a written request of a lessee to install an electric vehicle charging station at a parking space allotted for the lessee in accordance with specified requirements. It exempts dwellings that are subject to the residential […]

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Legal Q & A – by Richard Beckman

Posted on 01. May, 2018 by .

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Question 1: We had a tenant break his 12-month lease and move out after only one month. We sent a letter explaining that he must pay rent until we find a suitable replacement and received a letter back from his attorney stating that since the gentleman’s income comes solely from Social Security he is considered […]

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How to Retire While Your Real Estate Capital Keeps on Working (Part 4 of 4) – by Terry Moore CCIM

Posted on 01. May, 2018 by .

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How does a wealthy household receive safe and solid cash flow, eliminate management stress and preserve capital for the next generation? They exchange into safety. Thousands of successful investors have used this strategy to succeed. This article crystalizes their wisdom. It is the last of a four-part series about legacy wealth. The three previous articles […]

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