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Archive for April, 2016

Coming Next Month! The FREE “Million Dollar” Trade Show and Landlording Conference

Posted on 01. Apr, 2016 by .

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The Big Show 

You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month.  The big show will be held on Thursday, May 19th at the Long Beach Convention Center in Hall C, 300 East Ocean! [...]

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Another Possible Victory for Landlords! – By Justin Wilson

Posted on 01. Apr, 2016 by .

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Minnesota Landlords and Tenants Unite to Fight Unconstitutional Search of Homes

Golden Valley landlords and tenants unite to challenge city’s rental inspection law. Minnesotans have a new reason to remember to empty their dishwashers and keep their bathrooms clean. That’s because the city of Golden Valley is asking the Minnesota Court of Appeals to grant it a warrant [...]

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Los Angeles City Rent Stabilization – Reminders and Updates – by Patricia A. Harris

Posted on 01. Apr, 2016 by .

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Hopefully, if you own apartments in the City of Los Angeles and are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit which was due by February 29, 2016.  Serving a timely notice, you may collect one half of those fees from your tenants.  [...]

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Stocks and House Prices Go Up When the Fed Starts Raising Rates – By Dr. Steve Sjuggerud

Posted on 01. Apr, 2016 by .

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You won’t believe me … but it’s true.  Stock prices and house prices actually do extremely well when the Fed starts raising interest rates. 

I know, I know.  I get it.  It shouldn’t happen.  Rising interest rates should be a “negative” for stocks, as corporate borrowing costs go up and profit margins go down.  But it turns out, [...]

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Legal Q & A Tenants Operating Day Cares – by Franco Simone, Esq.

Posted on 01. Apr, 2016 by .

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Q:  My tenants informed me that they plan on running a small day care business out of their apartment. However, my rental agreement strictly prohibits operating a business out of the apartment and the area in which the apartment building is situated is not zoned for commercial businesses. Can I prohibit my tenants from starting the day care? [...]

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Location, Location, Location …or Timing, Timing, Timing? By Albert Banks, Real Estate Broker

Posted on 01. Apr, 2016 by .

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We’ve all heard variations of the famous quote:

  • “There are three things that matter in property: location, location, location.”
  • “There are three things to remember when valuing a property: 1-Location, 2-Location, and 3-Location.”
  • “The top three keys to success in real estate are location, location, location.”  [...]

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Something to Think About #43- Uncle Sally’s Nephew, Part 6 – By Klarise Yahya, Commercial Loan Broker , BRE: 00957107, MLO: 249261

Posted on 01. Apr, 2016 by .

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Deflation

Executive Summary: For purposes of this article, a declining interest rate environment (the “back half” of an interest rate cycle) is the rising tide that benefits investors as a group. This is the period that investors live for. Net operating income goes up every year, seemingly with very little customer resistance. Payments on variable rate mortgages shrink as rates decline. Investment values go up, apparently automatically. This is the clement investment climate that it looks like we may be coming out of. Sigh. [...]

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Top 10 Things to Do After a Major Earthquake Strikes – By Terrence Jones

Posted on 01. Apr, 2016 by .

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When the Great San Francisco Earthquake of 1906 struck, my great-grandfather was 14 years old living with his family at Pine and Van Ness.  The property had suffered little more apparent damage than a downed chimney.  So his father, seeing many other downed brick chimneys in the neighborhood, hastened him to the brick mason for an appointment before he was all booked.  At the time, this must have seemed like the smart thing to do.  It didn’t occur to him or to most other San Franciscans at the time, that the worst was yet to come, and that the fires that destroyed much of the city and their home completely, should have been their immediate focus, not calling the brick mason. [...]

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Opportunities and Hazards in Estate Planning for Apartment Owners – By Attorney Kenneth Ziskin

Posted on 01. Apr, 2016 by .

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Estate planning for apartment owners (or the owners of any income property) involves both opportunities and hazards for the owners.  Too often, however, no one takes the time to explain the opportunities and hazards to owners, and they wind up with plans that do not fully meet their goals. [...]

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Apr, 2016 by .

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Question 1: One of our rental units comes equipped with a dishwasher. The dishwasher is not working properly and the owner does not want to pay to have it replaced or repaired. The tenant states that as she rented it with the dishwasher working, the Owner must replace or repair it no matter the cost. We believe as it is not a necessity the Owner can choose not to address the issue. [...]

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