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Archive for July, 2018

How Well is Your Property Manager Doing? – by David Crown

Posted on 01. Jul, 2018 by .

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Excellent property management delivers the highest profits and superior care for your property. This is a clear and simple truth. But how can you really know when you’re getting great management?

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Delaware Statutory Trust 1031 Exchange Insights – by Chay Lapin, Senior Vice President, Kay Properties and Investments

Posted on 01. Jul, 2018 by .

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Recently, a client in a 1031 Exchange with $4,000,000 of equity was working with another registered representative and talking to a sponsor directly. In talking with Kay Properties and Investments, they learned that we specialize in Delaware Statutory Trust (DST) 1031 Exchanges and that we have access to a variety of DST properties from many […]

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If Maintenance Can’t Find the Problem, Service isn’t Complete – by Lori Hammond

Posted on 01. Jul, 2018 by .

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“Couldn’t find the problem, everything is ok.” Trust me if maintenance cannot resolve a problem in a residents apartment. Everything is not ok.  The resident is looking for service and we are failing to provide it.

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An Alternative to a Failing Section 1031 Like-Kind Exchange Transaction – by Charles Lee

Posted on 01. Jul, 2018 by .

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Since the modern-day version of the U.S. Internal Revenue Code (the “IRC”) Section 1031 was amended in 1954, real estate investors have used Section 1031 like-kind exchanges to defer gains on their sale of real property.  Section 1031 exchanges allow sellers to exchange investment real property with other like-kind investment real property without the payment […]

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Legal Q & A and The Ellis Act – The Ultimate Rent Control Solution – by Dennis Block

Posted on 01. Jul, 2018 by .

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Question One: One of our rental properties is in a nice area of Encinitas, in San Diego County. Next door is another rental. Over the past four to five years, there have been numerous criminal activities in the neighboring unit. Police activity is so frequent that our tenants often cannot leave or gain access to […]

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How Rent Control Drives Out Affordable Housing – Part I – by William Tucker

Posted on 01. Jul, 2018 by .

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Rent control has been in force in a number of major American cities for many decades. The best-known example is New York, which still retains rent controls from the temporary price controls imposed during World War II. But this policy, meant to assist poorer residents, harms far more citizens than it helps, benefits the better-off, […]

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Rent Control Reappears – by Al Jacobs

Posted on 01. Jul, 2018 by .

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In my readings recently, I stumbled upon an article concerning rent control – a subject pitting two economic groups squarely against one another. If you’re the owner of residential rental units, you object to a governmental agency dictating what price you may set on your property. If, however, you’re the traditional apartment dweller, you favor […]

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Something to Think About #70: Uncle Sally’s Nephew, Part 33 – by Klarise Yahya

Posted on 01. Jul, 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 32:  Buffett vs. Soros. These are opposing types of investments. The Buffett approach is biased towards safety of principal and the compounding of dividends. His desire is to control […]

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Landlord, Property Managers Bullied and Harassed Over Rent Increases!

Posted on 01. Jul, 2018 by .

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The below article was written by John Triplett, a writer for the Rental Housing Journal. Tensions are rising between landlords and property managers, and tenant activists. Landlords and managers have been bullied over rent increases. And they face unpleasant demonstrations from activists as Portland struggles with a shortage of housing and rapidly rising rents. A […]

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New Arbitration Law: 2018 Update – by Dale Alberstone, Esq.

Posted on 01. Jul, 2018 by .

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Hello everybody.  I am sorry to report that on April 30, 2018, the California Court of Appeal issued a really bad ruling regarding arbitration insofar as it will affect landlords.  The decision provides a strong basis by which a claimant, including a residential tenant, can avoid enforcement of a binding arbitration provision in a lease […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Jul, 2018 by .

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Q:  My tenant is requesting to add a roommate to her lease. Do I have to allow my tenant to have a roommate?

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Did You Know?

Posted on 01. Jul, 2018 by .

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No Forwarding Address If a tenant vacates a unit and fails to give you a forwarding address, you are still required to do a security itemization within 21 days from the vacate date. If you do not have a work address, you should mail the itemization to the last known address, which would be that […]

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Invest Now & Save Later: 5 Simple Steps to Save on Your Property Expenses – by Taryn Spiller

Posted on 01. Jul, 2018 by .

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A recent study by the Building Owners and Managers Association (BOMA) found that, on average, 15 percent of an owner’s property expenses are spent on repairs and maintenance. Of that 15 percent, nearly half is spent on preventative maintenance. The study suggests that owners should take more proactive steps to design and implement preventative maintenance […]

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More Trash on Trash – Letter to Mayor Garcetti – by Kadhim Alhilly

Posted on 01. Jul, 2018 by .

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Dear Mayor Eric Garcetti: I’m reaching out to you for any assistance you can provide in improving the relationship between garbage collection companies and Los Angeles property owners.  The Apartment Association of California, (AOA), has reached out to them to resolve these issues; however, it seems the garbage collection companies are taking advantage on their […]

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Administrative Corruption in a Free Society – by James S. Burling

Posted on 01. Jul, 2018 by .

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The regulatory state began last century during the New Deal, inspired by earlier Progressives who believed that individualism, capitalism and the Constitution were obstacles to prosperity. They imagined a future in which government “experts”, (i.e., administrative agency bureaucrats), would lead and control the economy, subordination economic freedom and private property rights to what they perceive […]

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YIKES! What Can I Do in 10-15 Years? Retirement on Steroids – by Terry Moore, CCIM

Posted on 01. Jul, 2018 by .

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Last year, two desperate people came to me for financial help. Gene was scrambling to rebuild. His wife was taken by a rapidly spreading cancer. Medical bills almost swamped their savings and life insurance. A few months later Roberta came to me. She was recovering from divorce. Her net worth was less than half of […]

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Will Your Legacy Continue After You’re Gone? – by Scott Yahraus

Posted on 01. Jul, 2018 by .

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Whether you’ve amassed a portfolio of properties or are just beginning to develop your real estate holdings, it’s not too early to consider the legacy you’re going to leave behind. Will your legacy be one that your heirs fight over? Will your legacy be one that eventually goes to pay attorney’s fees? Or will your […]

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Letters to the Editor…

Posted on 01. Jul, 2018 by .

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TRADE SHOW WAS SPECTACULAR! Dear Dan: Thank you so much for putting on such a spectacular event. The information was phenomenal, and your speakers were out of this world. They were so giving and generous with their time and knowledge; it’s unbelievable that AOA puts on this event for free. The education I received was […]

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Management Tips from MRLANDLORD.COM

Posted on 01. Jul, 2018 by .

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(Shared by landlords nationwide) A GOOD HANDYMAN IS RARE! How hard is it to find a good handyman? And if you do, how much do you pay him? I know that rates can vary across the country. However, what I found intriguing about a discussion that took place on the Mr. Landlord website was the […]

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

Posted on 01. Jul, 2018 by .

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Here’s a great idea for some young and enterprising individual to start a new business in those cities where the politicians have created monopolies for trash companies to extort excessive fees from property owners.  The trash companies will hate this idea while housing providers will love it!

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6 Tips to Protect Your Rental Property By GS Insurance

Posted on 01. Jul, 2018 by .

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Knowing when and where to take a risk is an important trait for any successful business owner, however, taking a risk on safety, security, and insurance coverage could be the last business decision you make. The following recommendations can help you avoid or recover from theft or loss.

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New Rules on Owner or Relative Move-In Evictions! – by SPOSFI

Posted on 01. Jul, 2018 by .

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Planning an owner or relative move-in (OMI / RMI) eviction in San Francisco?  Here are the new strict rules:

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Legal Q & A – by Richard Beckman

Posted on 01. Jul, 2018 by .

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Question 1: Is the Jerry Brown rent gouging law still in effect? It is for the entire state of California or just Napa and Solano Counties? I purchased a building in Concord, Contra Costa County and the management company is telling me I cannot increase rents beyond 10% or I will get into legal trouble […]

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“Old Glory”

Posted on 01. Jul, 2018 by .

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Q. What do the red, white, and blue of the flag represent? The Continental Congress left no record to show why it chose the colors. However, in 1782, the Congress of the Confederation chose these same colors for the Great Seal of the United States and listed their meaning as follows: white to mean purity […]

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