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Archive for October, 2012

An Exit Strategy That Defers Tax Liability and Increases Cash Flow – by Anne Baber, Investment Real Estate Broker

Posted on 16. Oct, 2012 by .

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It’s the economy, stupid… (James Carville, 1992)

The National Economy
For the third consecutive year, the US economy remains stuck in a painfully slow recovery as a series of issues quell economic growth and business optimism. A global economy in tatters, unemployment rising to 8.3% last month (the latest jobs data on individual states saw an increase in unemployment rates in 44 states, with only 2 enjoying a decrease), election year fiscal politics and an increasing number of weakening economic indicators converged as the perfect storm to stall and impede economic growth and further erode business and consumer confidence. In addition, the U.S. faces a “fiscal cliff” as many policies sunset this year. These policies include the “Bush tax cuts”, as well as rates on estate and capital gains taxes and the alternative minimum tax (AMT) that will automatically apply to millions more citizens. The Congressional Budget Office has warned that the economy could potentially go into another bad recession if Washington fails to intervene in a timely fashion.
The UCLA Anderson forecast (June 2012) predicts US GDP and job formation will remain weak in the near-term, mirroring conditions that have prevailed for the last two years. The report also notes that poor workforce development and the inferior quality of our educational system is seen as a major contributor to slow growth. Further, in each of the previous 20 recessions, GDP returned to its previous peak within two years. A recovery with exceptional GDP growth requires greater-than-normal employment growth. Given current lags the report states, this recession could take 7 or 8 years.
So where are the jobs?  It’s the economy, stupid, again… [...]

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Forecasts & Trends A Sad State of Affairs – By Gary D. Halbert

Posted on 16. Oct, 2012 by .

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We all know that the economic recovery is slowing. While it’s clear that growth is slowing, the reasons why are not so clear. Some blame it on the fiscal cliff of higher taxes and government spending cuts come January 1, unless Congress does something to stop it before the end of the year. Others blame it on the slowdown in global growth, especially in Europe. Still others say that the Fed should have done more. Some even say it’s election-year uncertainty. [...]

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Something to Think About #1 “ Another Pair of Eyes – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 15. Oct, 2012 by .

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If you’ve missed some of the prior articles, basic beginner guidelines on successful investing are in my book Stairway to Wealth available at LuLu.com.

The other day I was trying to explain how helpful it is to the borrower when a bank performs due diligence before making a loan. The fellow on the other end of the line wasn’t having any part of it. Can I try one more time? [...]

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Legal Q & A – By Franco Simone, Esq. (San Diego)

Posted on 15. Oct, 2012 by .

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Q: I have a potential new tenant who is disabled.  He wants me to pay for certain modifications to my unit because of his disability.  Am I responsible to pay for these modifications? [...]

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Legal Q & A – by Richard Beckman, Attorney (Northern California)

Posted on 15. Oct, 2012 by .

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Question 1: I need my tenant to vacate his rental unit for a few days so my contractor can do some repairs to the unit. The tenant wants me to pay him the cost of a motel for the time he is out of the unit, and I agreed as long as the cost did not exceed the amount of the rent. He insists I have to pay the actual amount of a reasonable motel room. Who is right? [...]

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Legal Q & A – by Dennis P. Block, Attorney

Posted on 15. Oct, 2012 by .

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Question One: I had two persons that got evicted from one of my apartment units and I received a monetary judgment in the sum of $4,000. I feel sorry for one of the tenants. Am I allowed to collect the full amount of the judgment against one tenant only or am I limited to $2,000 from each party. [...]

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Resident Manager Laws For 2013 – By Dale Alberstone, Esq.

Posted on 15. Oct, 2012 by .

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Litigation continues to be filed in record numbers by resident managers against apartment owners and management companies for alleged violation of wage and residency laws.  The amounts managers demand are staggering.  For example, in a matter I am presently handling for a client, the former resident manager is seeking payment from the owner for unpaid wages and related claims totaling $179,000.00 even though she only was employed for three years! [...]

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It’s Here! The BIG Million Dollar Trade Show and Landlording Conference! Wednesday, October 17th at the Los Angeles Convention Center “ West Hall B

Posted on 15. Oct, 2012 by .

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Mark your calendars for Wednesday, October 17th for AOA’s Million Dollar Trade Show and Landlording Conference in Los Angeles. You will meet just about every contractor and vendor you will ever need¦ it’s called the Million Dollar Event of the year. This year is bigger than ever as we are celebrating our 30th Anniversary! Come and help us celebrate and who knows, you may even go home with the New iPad or a 5-day cruise for two! All of this and more being given away throughout the day. [...]

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Grand Jury Investigates Berkeley Rent Stabilization Board! (Northern California)

Posted on 15. Oct, 2012 by .

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The members of the Alam¬eda County Grand jury serve as watchdogs to the city, county and district operations. They investigate complaints and inquire into pub¬lic offenses submitted to them throughout the year.
Recently, the grand jury sub¬mitted their 2011-2012 final re¬port to the Superior Court. This report contains a detailed ac¬count of its activities, together with suggestions and recom-mendations representing the in¬vestigations of the entire grand jury. [...]

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Running Criminal Background Checks on Prospective Tenants – By Marc Branco, Esq.

Posted on 01. Oct, 2012 by .

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A landlord has a general duty to take reasonable care in providing a safe living environment for his or her tenants. As part of this general duty a landlord must protect tenants from foreseeable harm perpetrated by other tenants. This implies that a landlord may also have a duty to screen potential tenants to determine whether or not they have a history of criminal conduct. However, there is no formal requirement that a landlord run a criminal background check on potential tenants. [...]

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