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Archive for September, 2018

Why Vote No on Prop 10

Posted on 12. Sep, 2018 by .

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Top 7 Things to Consider Before You Start Investing By – Linda Terrill

Posted on 01. Sep, 2018 by .

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Be it investors, potential investors or general public who is looking to start investing, everyone gets excited the minute they have extra cash on their hands and one of the usual plans is to invest it for quick profits. People want to start making their money work for them and that’s a very understandable and […]

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4 Ways a Property Manager Can Make and Save You Money By – Taryn Spiller

Posted on 01. Sep, 2018 by .

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We currently live in a time where convenience has become the driving factor in people’s decisions. People prefer shopping online instead of in-store, phones come equipped with facial recognition, and driving services like Uber and Lyft have taken over the transportation industry. Though automation is a current trend, there are still tasks that automation and […]

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NNN Properties: Safe Investments or Real Estate Time Bombs? By – Adam J. Bryan

Posted on 01. Sep, 2018 by .

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Investment real estate owners often hear about “NNN”, or “triple net” properties.  Real estate brokers or other advisors may recommend NNN properties as an alternative to apartments for 1031 exchanges or direct investments which include: Hands-free management Name brand tenants. Long-term leases Pinch me, I must be dreaming! But what are NNNs, exactly? What follows […]

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Delaware Statutory Trust Tax Treatment, Taxation and Tax Returns By- Dwight Kay

Posted on 01. Sep, 2018 by .

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When considering a Delaware Statutory Trust (DST) property for a 1031 exchange, investors and their CPAs must also consider the tax treatment of DST properties. This article gives a brief overview of the various Delaware Statutory Trust tax treatment and DST taxation topics that investors should understand and go over with their CPA and tax attorney prior […]

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How Rent Control Drives Out Affordable Housing – Part III By William Tucker

Posted on 01. Sep, 2018 by .

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Few Low-Rent Units with Rent Control The concept of shadow markets offers a reasonable explanation of why the results of rent controls are so perverse and why they lead to a sense of helplessness and panic in a rent-controlled population. Although rent controls are widely believed to lower rents, data I have collected from eighteen […]

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DID YOU KNOW by Dennis Block

Posted on 01. Sep, 2018 by .

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Early Lease Termination If a tenant vacates during the lease term, this person is responsible for the remaining portion of the lease. A landlord must attempt to mitigate damages by attempting to lease the premises to another person. Once the premises have been leased, the original tenant’s obligation is cut off. There is an exception. […]

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Six Rules for Survival for Small Owners By – Larry Duncan, CPM

Posted on 01. Sep, 2018 by .

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As an owner of small properties and a fee manager of other small property owners, I have become aware of the special hazards that can devour a small owner. When property management is not your full-time occupation, it can be very difficult to keep up with all the details that can affect your property.  I […]

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Coming Next Month – The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. Sep, 2018 by .

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The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away an iPad and 5-day cruises.  The show will be held on Thursday, October 25th at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa!

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Rent Control: A Cautionary Tale by – Dean Sherry, President of Duke Property Management

Posted on 01. Sep, 2018 by .

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[AOA:  The following will not happen to you when we defeat Proposition 10!]  One afternoon, a few years ago, I received a call from a guy inquiring about my company’s property management services. His said his name was Will Wright (name changed for privacy reasons) and that he owned a fourplex in Santa Monica, CA […]

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How to Claim a Refund of Erroneously Charged $75 Recording Taxes By- Jon Coupal and Kammi Foote

Posted on 01. Sep, 2018 by .

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Last July, we wrote a column regarding the foolishness of Senate Bill 2, a new $75 tax on real estate recordings, ostensibly for the purpose of funding housing programs. We pointed out that imposing a tax on real estate transactions to pay for programs to make housing more affordable is like treating someone with a […]

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New Prop 65 Regulations! by Cristine Tablante

Posted on 01. Sep, 2018 by .

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In 1986, California voters passed a new law by a direct ballot initiative to address growing concerns about exposure to toxic chemicals: Proposition 65 – The Safe Drinking Water and Toxic Enforcement Act of 1986, best known as “Prop 65”.   The first statutory requirement of this law protects drinking water sources from substances that […]

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Something to Think About #72, Part 35 by – Klarise Yahya

Posted on 01. Sep, 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 34 – Supply: Elastic vs Inelastic There are two different kinds of supply. They are distinguished by how scarcity affects their prices. “Elastic” supply can be increased or decreased […]

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Costa-Hawkins Repeal Measure Forces Us into the Fight of Our Lives! By – Noni Richen, SPOSF/SPOSFI President

Posted on 01. Sep, 2018 by .

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June 28 was the final day to withdraw the misnamed “Affordable Housing Act,” which repeals Costa-Hawkins and opens the door for local legislative bodies to expand rent control and preside over the demise of rental housing, particularly for us small property owners. It is essential that this measure on the November 6 ballot be defeated. […]

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Resident Manager Law Update for 2018 By Dale Alberstone, Esq.

Posted on 01. Sep, 2018 by .

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Hello everybody.  With all the recent changes in resident manager law, it is difficult even for us lawyers to keep abreast of them.  My column this month will address a number of the 2018 changes and other important aspects of California law pertaining to on-site managers.

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How to Share Growing Utility Costs with Your Tenants! By Daniel Sharabi

Posted on 01. Sep, 2018 by .

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Utility costs are rising without any sign of slowing down. Accountability for consumption is now a key responsibility of housing providers to show tenants how their behavior impacts the environment as well as their wallet.  Education plays a powerful role in influencing the outcome of tenant consumption behavior. When utilities are not included, accountability can […]

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Statewide Initiative Repeals Rent Control Protections of the Costa Hawkins Fair Housing Act of 1995

Posted on 01. Sep, 2018 by .

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Below are open letters from Attorney Michael Millman opposing the Affordable Housing Act. Dear Mayor Garcetti: I’m certain that when you served on the City Council and chaired the Council Housing Committee, you always made certain that important housing legislation was thoroughly examined, reviewed and evaluated by not only tenant rights representatives, but also several […]

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How to Collect on Judgements By – Nick Sidoti, R.A.M., “Dr. Cash Flow”

Posted on 01. Sep, 2018 by .

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Q: My tenant moved out, but they left owing me money for back rent and damages. I went to court and got a judgment. Do you have any suggestions on how I can collect the money they owe me on this judgment?A: The simplest way to collect on a judgment is to turn it over […]

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Man Awarded $20 Million After Fall Through Apartment Walkway by – The Editors of the Rental Housing Journal

Posted on 01. Sep, 2018 by .

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For protection, actual names have been omitted from this article.

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Where to Invest in the Best Rental Houses By – Steve Sjuggerud

Posted on 01. Sep, 2018 by .

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A version of this article first appeared on March 12, 2018 in the DailyWealth, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com. Dr. Steve Sjuggerud is the Founding Editor of DailyWealth and editor of True Wealth, an investment advisory specializing in safe, alternative investments overlooked […]

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Repealing Costa-Hawkins Will Hurt Tenants Too by – Attorney Dennis Block and David Crown

Posted on 01. Sep, 2018 by .

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In November, Californians will vote on a ballot proposal to repeal the Costa-Hawkins Rental Housing Act, known most commonly as just “Costa-Hawkins.” The statewide law, enacted in 1995, limits rent control to buildings built before February of 1995, and prohibits municipalities from expanding rent control to include “vacancy control.” 

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Long Beach Safe From the Folly of Rent Control … For Now By – Sal Rodriguez

Posted on 01. Sep, 2018 by .

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Rent control activists inLong Beach announced they were suspending signature gathering and were “developing plans” for the 2020 ballot instead. “At this point, the coalition faces some insurmountable obstacles and the number of signatures required is too great to continue to ask volunteers to carry on in the face of some absurd opposition,” Housing Long […]

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Legal Q & A by Richard Beckman

Posted on 01. Sep, 2018 by .

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Question 1: Did Oakland change its rent control law to remove the exemption for owner-occupied buildings? Answer 1: Currently, Oakland’s ‘Just Cause’ eviction control law (and its companion rent control ordinance) has an exemption for owner-occupied buildings of three units or less. On July 24, the Oakland City Council approved a ballot measure for the […]

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Legal Q & A by Dennis Block

Posted on 01. Sep, 2018 by .

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Question One: I was wondering if there is a legal procedure for holding a unit. This is my situation:  I have a prospective tenant who would like to give me a deposit to move in two months from now. I have never done this before, but feel this tenant would be a good fit for my building. […]

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