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Archive for November, 2013

Sunbelt Migration: Why American Renters are Moving South – By Cliff Hockley

Posted on 01. Nov, 2013 by .

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Many different variables drive the demand for apartment housing. Tenants consider location, tax policy, employment, tenant age, location of family members, availability of healthcare and [...]

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Legal Q & A – Retaliatory Evictions – by Franco Simone, Esq.

Posted on 01. Nov, 2013 by .

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 My tenant reported me to the city for multiple code violations without even notifying me of them first.  I was frustrated that I received the code violation notices from the city and was not given [...]

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Nov, 2013 by .

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Question 1: Are there new rules regarding being able to enter the tenant’s unit on weekends? I heard the landlord’s right to require access has been expanded to include [...]

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Legal Q & A – By Dennis Block, Attorney

Posted on 01. Nov, 2013 by .

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Question One: I have a tenant who has been in my property for 10 years and now is complaining of bedbugs. I believe that they brought them into their apartment. What is my responsibility to [...]

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Three Key Steps for Grooming New Property Management SuperStars © – by Ernest F. Oriente

Posted on 01. Nov, 2013 by .

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Grooming new SuperStars is the easy part.  The tough part is having a system to hire the best candidates today…who will be the leaders in your property management company, tomorrow.  Follow the three steps [...]

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Investment Real Estate – Today’s Best Business Opportunity – By Jay P. DeCima

Posted on 01. Nov, 2013 by .

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A housing entrepreneur is what I call myself.  I’m a business person with real estate assets.  I own rental houses and my customers pay me monthly rents.  Housing entrepreneur sounds somewhat different than [...]

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Keeping Two Sets of Books – By Jon Coupal

Posted on 01. Nov, 2013 by .

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It’s been said that after Al Capone was sentenced to prison for tax evasion in 1931, his chief financial and legal advisor, Jake “Greasy Thumb” Guzik, told other mobsters how to avoid [...]

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Los Angeles Housing Department REAP!! – By Dale Alberstone, Esq.

Posted on 01. Nov, 2013 by .

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Hello everybody.  My topic this month will not be similar to the typical “Los Angeles Housing Department bashing” or “REAP bashing” articles you have undoubtedly read in various apartment trade publications during [...]

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Letter to the Editor

Posted on 01. Nov, 2013 by .

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Dear Mr. Faller:

I am writing to express my appreciation and fondness for one of your associates, Mr. Michael Brennan. I recently began managing an apartment building that my mother owns. My father used to manage it, but after he passed away two years ago, the task fell to me. It has been an uphill battle, learning all of the “ins and outs” of apartment management, but I could not have done it without Mr. Brennan’s assistance, along with the Apartment Owners Association.

For the past two years, I have been so overwhelmed and have had so many questions. Mr. Brennan has helped me every step of the way with sound advice. Very soon after I started managing the building, a tenant took me to court. With Mr. Brennan’s suggestions, I was well prepared for court. The case was a success – but only because I had professional advice. Mr. Brennan explained what documents I needed, how to organize them and what to expect so that there were no surprises. He was spot on with how the court proceeding played out. The knowledge he gave me made me feel comfortable in an environment that is completely foreign to me.

Mr. Brennan’s expertise has been invaluable. I used to feel inundated by the responsibilities of managing this apartment building, but with Mr. Brennan’s help and wisdom, I feel more secure and confident in my ability to handle it. Last December, Mr. Brennan assisted me with a 30 day notice that could have gone horribly wrong. We realized our tenant was dealing drugs. With this sticky situation, and tough tenants, he guided the process carefully and the tenants complied. Mr. Brennan is now assisting me with an eviction, another area that is totally foreign to me (my first one since I have been managing).

I want you to know that AOA has been my support system, and thanks to people like Mr. Brennan, I feel like I am not in this alone! The expertise of your employees and associates is fantastic and I really do not know how I would have survived these past two years without AOA!

Warm regards, Corinne M.

 

 

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Should You Give Your Tenants Holiday Gifts? – by Nick Sidoti, R.A.M., “Dr. Cash Flow”

Posted on 01. Nov, 2013 by .

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Question:  Dear Nick – What is your opinion on tenants’ gifts and the holidays? I’ve talked to other investors that give their tenants a reduction in rent [...]

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