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Archive for October, 2015

Know Your Limits on Rent Collection Practices – By Marc Courtenay

Posted on 01. Oct, 2015 by .

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One of the challenges in the management of rental properties involves collection from residents behind on rent payments.  Knowing the laws which govern the methods used for collection is a vital first step. [...]

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The Most Important Word in Real Estate – By Bruce Norris

Posted on 01. Oct, 2015 by .

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During the past month it was my privilege to speak several times at seminars for the Apartment Owners Association of California, Inc. (AOA).  I opened each talk asking the audience, “What is the most important word in real estate?” [...]

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“Renter Nation” – U.S. Homeownership Hits 48-Year Low – By Gary D. Halbert

Posted on 01. Oct, 2015 by .

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The government’s Census Bureau recently reported that the U.S. homeownership rate fell to the lowest level in the last 48 years. It is indeed a sad awakening that the level of home ownership is now the lowest since 1967. [...]

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Legal Q & A by Richard Beckman, Attorney

Posted on 01. Oct, 2015 by .

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Question 1:     Did the Richmond rent control law you mentioned in last month’s article pass? If so, what should we be aware of? [...]

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Why Rent Control is Unfair and Hurts Landlords, Tenants and the Public Interest – By Paul Guppy

Posted on 01. Oct, 2015 by .

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We’ve all heard the phrase “there ought to be a law,” when we see something happening that we don’t like.  That is just what housing advocates are saying as they watch rents rise during the current building boom.  Their solution is to reach for the biggest stick available; a city ordinance that imposes a cap on how many rents can go up.  Sounds obvious, right?  Don’t like something – pass a law against it.  The problem is that rent control laws are unfair and impractical.  Here’s why. [...]

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference! Wednesday, October 21st at the Los Angeles Convention Center – West Hall B

Posted on 01. Oct, 2015 by .

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Mark your calendars for Wednesday, October 21st 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. Come and help us celebrate and who knows, you may even go home with a new iPad or a 5-day cruise certificate* for two! All of this and more being given away throughout the day. 

FREE $20 Bills! [...]

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How to Write Off Practically Anything – By Karla Dennis

Posted on 01. Oct, 2015 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they think. That’s group number one. [...]

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Why Use Mediation to Solve Landlord Tenant Issues? – By Sally Patchen

Posted on 01. Oct, 2015 by .

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IT CAN SAVE YOU MONEY!  The court system is difficult to wade into when you find yourself having to file an unlawful detainer against a tenant.  Between the time it takes to serve the 3 day notice, file the unlawful detainer, get a court date, possible delays, time in court and the final lock-out by the sheriff, it can end up costing thousands of dollars.  The expenses are even more if you have to hire an attorney to represent you. [...]

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4 Tips to Maximize Resident Adoption of Mandatory Renters Insurance – By Jason White

Posted on 01. Oct, 2015 by .

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According to a NMHC Apartment Cost of Risk Survey, 84% of property management firms have mandated renters insurance. Unfortunately, mandatory renters insurance doesn’t guarantee that residents will keep their policies active while living at your apartment community. In fact, 30% of third-party renters insurance policies are cancelled within lease term and an average community has no proof of insurance for 19% of its occupied units. [...]

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An Obituary Printed in the London Times …Absolutely Brilliant!!

Posted on 01. Oct, 2015 by .

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Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as: [...]

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