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Archive for May, 2019

Vote NO on Measure EE!

Posted on 23. May, 2019 by .

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If you own or rent an apartment, office, commercial, or industrial space in an area of Los Angeles County that is serviced by the Los Angeles Unified School District, you must read this. It does not matter if you are an owner or renter, as a result your property taxes and/or your rent will be […]

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Legal Q & A by – Richard Beckman

Posted on 01. May, 2019 by .

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Question 1:  I have a question regarding getting additional security deposit from a tenant in a rent controlled Oakland apartment. Tenant has been in building in Oakland for 20 years. Security deposit is currently $725.00. Current rent is $1,277.00. Would like to increase security deposit to $1300. Can I do so? What form do I […]

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Discrimination Against Children: Pitfalls and Traps By – Dale Alberstone, Esq.

Posted on 01. May, 2019 by .

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Hello everybody.  AOA members know the general rule:  It is unlawful for a landlord to discriminate against children, or to discriminate against tenants on account of them having minors.  The California Supreme Court first imposed the prohibition of discriminating against families with children in 1982, relying on the California Unruh Civil Rights Act, in the […]

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Your Property Taxes Could Rise 700% By – Jon Coupal, President of Howard Jarvis Taxpayers Associatiom

Posted on 01. May, 2019 by .

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The anti-Prop.13 coalition filed a ballot measure for 2020 that would let local bureaucrats reassess property and raise property taxes without limit – just like the Bad Old Days before Proposition 13.

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Do you want a utility company monopoly?

Posted on 01. May, 2019 by .

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Dear AOA Members – I am writing to inform you about an important proceeding underway at the California Public Utilities Commission (CPUC) that could impact 90 percent of property owners in Southern California, including apartment owners. On the heels of soft-story retrofits, new solar requirements, and a proposed new parcel tax in Los Angeles (please […]

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Management Tips from MRLANDLORD.COM

Posted on 01. May, 2019 by .

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Additional Income When Renting to Pet Owners The following are a few examples of how landlords are able to generate additional income as they work to accommodate pet owners who wish to rent their property.

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Higher Home Prices Nationwide Underscore Push Toward Apartments By – Paul Owers

Posted on 01. May, 2019 by .

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Rising prices are likely to curtail home buying in major markets nationwide over the next three to five years, a sign of strength for rental property and apartment development.

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The Abuse of the Trash Monopoly Continues! By – Victor Bardack

Posted on 01. May, 2019 by .

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Two and one-half years ago, despite overwhelming property owner opposition, Mayor Eric Garcetti and his City Council abandoned a system of trash collection by competitive bidding and instituted a trash monopoly system where trash corporations were awarded monopolies for specific areas. The trash corporations assured the Mayor and the Council that these monopolies would lead […]

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California Is Looking to Tax Drinking Water! By – Timothy Snowball

Posted on 01. May, 2019 by .

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California is known for a lot of things: Ronald Reagan, Hollywood, beaches, hippies, student protests — and some of the most relentlessly progressive politicians in the entire country Simply put, the government of California is out of control. In total, the state added 1,016 new laws to the books in 2019, including a silly “straw ban,” […]

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What Do Your Apartment Employees Know About Discrimination and Retaliation? By – Ellen Clark

Posted on 01. May, 2019 by .

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If an employee complains to you about discrimination or harassment, you must that employee with care, because any action you take which the employee could view as punishment or retaliation for the complaint might be construed as illegal retaliation and result in legal action against you and your company.

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The End of ‘New American Socialism’ and the Rise of Something Even Worse

Posted on 01. May, 2019 by .

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A version of this article first appeared on February 27, 2019 in the Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com.

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The Global Economy is the Weakest Since 2008-09 By – Gary Halbert

Posted on 01. May, 2019 by .

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While the U.S. economy grew at nearly 3% in 2018, its best showing in years, global economic growth lost considerable momentum in the second half of last year. While the International Monetary Fund (IMF) has yet to release its final estimate of global GDP for all of 2018, most forecasters believe the global economy slowed […]

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Something to Think About #80: Interest Rates: Direction by – Klarise Yahya

Posted on 01. May, 2019 by .

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Continued from Part 79 . . . Beneficial Beneficial deflation reveals itself through price declines, either generally (the Second Industrial Revolution) or specifically (e.g., ever-lowering prices for computer memory).

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What to Watch from City Hall in 2019 By Sarah M.K. Hoffman, Esq.

Posted on 01. May, 2019 by .

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From roof decks to demolitions the City’s legislative agenda is packed with proposed legislation that will affect San Francisco’s small property owners in a variety of ways. Here’s an overview of some key proposals to watch in 2019.

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Landlords File Lawsuits Against City of San Jose! By – Roberta Moore

Posted on 01. May, 2019 by .

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I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money. -Thomas Sowell, Stanford University Economist

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Did You Know? By – Dennis Block

Posted on 01. May, 2019 by .

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Rent Increases Limited to 10% During Declared State of Emergencies The statute applies immediately after the President of the United States, the Governor of California, or city or county executive officer declares a state of emergency resulting from any natural or manmade disaster, such as an earthquake, flood, fire, riot, or storm. In that instance, […]

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Letters to the Editor…

Posted on 01. May, 2019 by .

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AOA’s TRASH LAWSUIT From Carol Shining, Shining Law Firm Friends: You may have recently read about a settlement between the City of Los Angeles and the seven franchisee waste haulers.  According to these news reports, this settlement purports to change the contract between the City and the Haulers as certain distance fees.  However, several things are important:

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IN THE NEWS …

Posted on 01. May, 2019 by .

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Fair Housing and the EPA Impose More Fines! Break the Law and Break-Out Your Checkbook! Landlord Pays $9,000 to Settle With HUD

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Six Questions to Ask Your Loan Broker By – Nick Schoch

Posted on 01. May, 2019 by .

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Commercial mortgage brokers assist in most apartment loan transactions. Even investors who have strong lender relationships can benefit from a broker’s familiarity with the current lending environment and underwriting parameters. All of which help you get the best deal. Nonetheless, it is important to ask the right questions to ensure that your broker is aligned […]

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Should You Rent or Sell Your Home? By – Cliff Hockley

Posted on 01. May, 2019 by .

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You have been given the opportunity to transfer with your job, but you love your home and don’t really want to sell it. But your financial position is such that you cannot support two homes. What do you do, rent or sell?

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1031 Exchange Investors Are Choosing DST Properties for Passive Real Estate Ownership By – Jason Salmon

Posted on 01. May, 2019 by .

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Over the course of the past several years, we have observed incremental growth in the number of investors choosing Delaware Statutory Trusts (DSTs) as a preferred means of passive real estate investing for like-kind, tax-deferred 1031 exchanges.

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Eviction Reform: ‘Just Cause Eviction’ Bad for Landlords, Worse for Tenants

Posted on 01. May, 2019 by .

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If we want to help low-income or bad credit tenants find housing, we must create an environment where they are not considered an unsurmountable risk to landlords. There has been much talk over the past year about Eviction Reform in Massachusetts.  Most landlords laugh when they hear this since Massachusetts is known as a very […]

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How We Became Successful Landlords: Stay on Track, Jack! (Part II) By Gregory A. and Eileen Charles

Posted on 01. May, 2019 by .

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Finding a Tenant Avoid renting to any prospective tenant that speaks in bravado, or brags of their accomplishments, their history, employment, or the amounts of money they have. This person will eventually abuse you.* Beware of any prospective tenant that is a, lawyer, accountant, property manager or former police officer. These people have the knowledge, skills […]

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Sound Estate Planning – More Than Just Saving Taxes by Kenneth Ziskin

Posted on 01. May, 2019 by .

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When I began practicing law as a tax lawyer (many years ago!), I thought my job was to help my clients save taxes. However, my mentor soon straightened me out. He helped me realize that a lawyer’s job was to help clients realize their goals, for themselves and their families. Of course, the less they […]

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Long Beach Trade Show and Educational Conference a Big Success and Eviction Reform: ‘Just Cause Eviction’ Bad for Landlords, Worse for Tenants

Posted on 01. May, 2019 by .

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Trade Show a Huge Success! Our “Million Dollar” Trade Show and Landlording Conference last month was a huge success!  You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that will help them make and keep more money than ever! […]

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Legal Q & A by – Dennis Block

Posted on 01. May, 2019 by .

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Question One: I have a tenant who vacated a house I own in Long Beach. The rent has been kept very low. The rent is currently $1,200 per month. The home will need about $3,000 in repairs and painting to have it ready for the next resident. My research indicates that the rental value of […]

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