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Archive for February, 2019

Glendale City Council to Vote on “Right to Lease” Ordinance

Posted on 11. Feb, 2019 by .

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Glendale Landlords – there will be a City Council Meeting on Tuesday, February 12th at 6pm to vote on a “Right to Lease” ordinance – aka “Rent Control”.  Alexanian Apartment Advisors published an article  and stated five key points they observed at the previous meeting:

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Criminals Want Housing in Your Apartment Community By- Chris McGoey

Posted on 01. Feb, 2019 by .

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Rental housing crime studies have repeatedly shown that moderate to high-crime problems can usually be traced back to a small percentage of residents. Those causing the crime problems are often the acquaintances, ex-spouses, or boyfriends of a legal resident who decided to move in without your permission.

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What Is Source of Income Discrimination? By – Project Sentinel

Posted on 01. Feb, 2019 by .

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California law prohibits discrimination based on source of income. Source of income is defined as legal, verifiable income paid directly to the tenant or his or her representative (such as a payee). Some examples of income types are:

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Legal Q & A By – Franco Simone, Esq.

Posted on 01. Feb, 2019 by .

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Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent trying […]

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A Soft-Story Story: Fail to Plan or Plan to Pay By – Dee Soffer

Posted on 01. Feb, 2019 by .

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Planning is an essential part of our lives and with the new Soft-Story Ordinance it is critical. How much planning is usually a question of personalities, experience and skills. As property owners and investors, we all want to minimize liabilities and provide the safest housing standards for our tenants. At the end of the day, […]

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How Millionaires Are Made by- Alexander Green

Posted on 01. Feb, 2019 by .

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In a previous column, I discussed New York Times columnist Robert Frank’s book Success and Luck and his claim that there is no real meritocracy in this country. In his view, what best explains the difference between the economically successful and the economically unsuccessful – the so-called “haves” and “have-nots”- is not education, talent, skills, […]

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Trump’s Tax Cuts: One Year Later – There’s Much to Celebrate By – Gary D. Halbert

Posted on 01. Feb, 2019 by .

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Economy: President Donald Trump signed his tax cuts into law one year ago. That means we’re going to hear a lot about how they fueled massive deficits and failed to boost economic growth. Neither are true, but that won’t stop [some folks] and the press from repeating these falsehoods ad nauseam.

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Legal Q & A by – Richard Beckman

Posted on 01. Feb, 2019 by .

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 Question 1: Are there any new landlord-tenant laws for 2019? Answer 1: Yes, and I should have gotten this question for the January magazine, but better late than never. There are several new state-wide laws affecting landlord tenant relations, but the one that may make the most impact is Assembly Bill No. 2343, which removes […]

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Laundry Leases: Breach of Contract by “WASH” Laundry Company? By – Dale Alberstone, Esq.

Posted on 01. Feb, 2019 by .

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Hello everybody.  Some 31 years ago in the August 1988 issue of AOA’s magazine, I published my first of what would become many articles concerning problems inherent in laundry leases which were prepared by laundry companies and given to apartment owners to sign.

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Management Tips from MRLANDLORD.COM By – Jeff Taylor

Posted on 01. Feb, 2019 by .

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No qualified renters?  A landlord shared a comment I often hear: “Jeffrey, my weakest link here seems to be that there are no qualified renters who currently need a new place to live. I’d love to have a solution to that one. I’m getting very few inquiries. About half are people currently going through a bankruptcy. The other […]

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Legal Q &A by – Dennis Block

Posted on 01. Feb, 2019 by .

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Question One: A downstairs tenant, John, bitterly complains about the upstairs tenant due to noise from above. In actuality, the upstairs tenant, Harold, is not doing anything out of the ordinary. John complains about simple television sounds and even if Harold is just walking in his unit. Lately, John has been banging on his ceiling […]

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How the Supreme Court’s Decision Regarding Who is An Employee Affects Property Management By – Gary Ganchrow

Posted on 01. Feb, 2019 by .

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A decision by the California Supreme Court this past year has created significant uncertainty in California about whom employers can legitimately classify as an “independent contractor” and whom they must treat as an employee.  The ramifications of this decision for people in the property management industry – while still largely up in the air – […]

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A Day in the Life of a Property Manager By – Cathy Macaione, CMA Direct

Posted on 01. Feb, 2019 by .

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Property managers wear many different hats  The job requires them to deal with many different kinds of people and situations that, at times,  may seem bizarre or even hilarious. Flexibility,  the ability to maintain a cool head, and a sense of humor not only make property managers more successful but also make the job less stressful.

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Top Reasons Tenants Sue Their Landlords By-Cory Brewer

Posted on 01. Feb, 2019 by .

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 1.  Security Deposit Refunds I have lost count of how many times I’ve heard the phrase, “We left the home in better condition than we received it” from a tenant who is being charged for damages.  It is imperative as a landlord to conduct a thorough move-in inspection complete with lots of pictures. Set the standard […]

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How to Evaluate Documentation for Assistance Animals By- Ellen Clark

Posted on 01. Feb, 2019 by .

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Currently, no organization is legally recognized for registering service or assistance animals.  Any organization making that claim is misleading its audience. One of the most common accommodation requests multifamily housing providers get is for a resident to have an animal that would otherwise be restricted by a community’s rules. But in the past few years, […]

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10 Lessons from Other Investor’s Mistakes By – Terry Moore

Posted on 01. Feb, 2019 by .

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Charles and Lizzie are some of the smartest people I’ll never close with. Both were the brightest and hardest working kids in the class. This true story is not told to impress you; it is to impress upon you that wise expectations and appropriate behavior can bring superior results.

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Mitigating Mold Lawsuits Through Mold Disclosure By – Erwin Pineda

Posted on 01. Feb, 2019 by .

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It’s one of the most frequent complaints amongCaliforniatenants, and for a while there was little they could do about potentially hazardous mold in their units.  Mold is hazardous and has potential for creating numerous health issues. Exposure to molds can cause symptoms such as nasal stuffiness, eye irritation, or wheezing.  Some people with serious allergies […]

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Tax Write-offs on Rental Properties By – Attorney William Bronchick

Posted on 01. Feb, 2019 by .

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One of the main reasons people invest in real estate is for the beneficial tax break it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are […]

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Prop. 10 is Dead – Now What? By – Peter Reitz

Posted on 01. Feb, 2019 by .

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With the resounding defeat – 62% to 38% – of Prop. 10, one might conclude that the debate over rent control has been settled. After all, of the 58 counties in California, only San Francisco voted for repeal of Costa-Hawkins. Not only that, but even in the rent control stronghold of San Francisco, the vote […]

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How to Increase Multi-Purpose Functionality in Small Apartments By- Holly Welles

Posted on 01. Feb, 2019 by .

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People today get by with less space thanks to multi-purpose functionality, options for multifunctional components and a decluttering trend across the nation. Some people might choose a smaller apartment to reduce the rising cost of rent. Others want to live a simple lifestyle and save their money for experiences such as trips to exotic locations. […]

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Rent Control Comes to Los Angeles County! By – Grayce Long, Attorney

Posted on 01. Feb, 2019 by .

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On November 14, 2018, the Los Angeles County Board of Supervisors passed legislation that brings rent and eviction controls to the unincorporated area of the County of Los Angeles; which consists of over 125 unincorporated areas.  In these areas, you can now only evict a tenant for “just cause.” While this is “a temporary measure”, the […]

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Did You Know? by – Dennis Block

Posted on 01. Feb, 2019 by .

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Excessive Complaints Can Be a Nuisance We all have experienced tenants that are hypersensitive. They will complain on almost any issue. While a tenant certainly has the right to express displeasure, these actions may rise to the level of a nuisance. For example, a tenant cannot retaliate against another resident based on perceived excess noise. If […]

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Something to Think About #77 by – Klarise Yahya,

Posted on 01. Feb, 2019 by .

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Emily’s Notes: Risk You’ve heard the saying, “To win big you’ve got to bet big”? That pretty much incorporates the essential elements of risk right there: there are two sides to it. “Risk” is not the same as “loss” because there is also the chance of gain. A symmetrical risk profile has a 50% chance […]

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The Risk in Writing-Off Almost Anything By- Nick Schoch

Posted on 01. Feb, 2019 by .

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Should you write-off almost anything? Maybe not, if you want to refinance your property and get access to your hard-earned equity. Consider that for every $1 reduction in reportable income, you could decrease your potential loan amount by $11-13. You Mean I Should Pay More in Taxes? It depends on your appetite for debt. If […]

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