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Archive for August, 2016

URGENT TAX ALERT FOR APARTMENT OWNERS WITH LARGE ESTATES – By Ken Ziskin, attorney

Posted on 04. Aug, 2016 by .

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If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOWThe new Proposed Regulations, released this week, are designed to take away the ability to use many discount strategies that can eliminate (or substantially reduce) estate and gift taxes for those of you who would otherwise face these taxes.  To beat the adverse effect of these regulations, you MUST complete transfers to your heirs or specialized trusts before these Regulations are finalized (probably around year-end).  The loss of these discounts could cost a family with $16 million in property that does not do proper advanced planning now as much as $2 million in unnecessary estate and/or gift taxes.  The loss would be far more costly to larger estates.  [...]

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Monthly Management Tips From MRLANDLORD.COM – By Jeff Taylor

Posted on 01. Aug, 2016 by .

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Red Flag if Rental Applicant is Not on a Current Lease!

When screening and verifying prospective residents, the general consensus among landlords is to consider it a red flag if a rental applicant is neither on the lease nor paying rent at their current residence in which they are vacating. For example, if the applicant is merely living with a friend or relative, where the friend or relative is on lease but applicant is not, that’s a potential red flag. [...]

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

Posted on 01. Aug, 2016 by .

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The Big Show

You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads and 5-day cruises.  The show willbe held onTuesday, September 20th at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa! [...]

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New Senate and Assembly Bills that Impact Property Owners, Housing Availability and Affordability – By Joe Washburn

Posted on 01. Aug, 2016 by .

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AB 2819 – Hides Tenant Defaults Indefinitely

Requires unlawful detainer proceedings to be hidden permanently unless the property owner prevails on a default judgment, summary judgment, trial, or stipulations by all parties.  Allows rent cheats to hide their bad actions and perpetrate harm on other property owners by keeping the unlawful detainer proceedings hidden from public view. [...]

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Questions and Answers About the Campbell Rent Increase Dispute Resolution Program

Posted on 01. Aug, 2016 by .

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What Is The Dispute Resolution Process?

The Rent Increase Dispute Resolution Ordinance establishes a process for resolution of tenant/landlord disputes concerning rent increases, housing services or proposed evictions. The

City, acting through Project Sentinel will provide information, counseling, conciliation and mediation services to residents and owners of rental property in the City of Campbell.  [...]

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How Landlords Can Create a Win-Win For Tenants and Employees – By Gino Barbaro

Posted on 01. Aug, 2016 by .

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One of the best ways to retain quality tenants in your apartments is to create a sense of community, a place where tenants call home and where they want to live with their friends and family. Along with creating a sense of community for your tenants, landlords need to create a positive and empowering environment for their employees who service the tenant base. [...]

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Five Questions to Ask Prospective Tenants – By Lia Smith

Posted on 01. Aug, 2016 by .

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Ah … guest cards.  For all the good they do – documenting contact information, ensuring consistency for fair housing, keeping track of follow- up attempts – they don’t provide much in the way of helping to establish an emotional connection with a prospect.   There is a two-part strategy to securing more leases: [...]

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How to Show an Apartment That Isn’t Rent-Ready – By Joyce Kirby

Posted on 01. Aug, 2016 by .

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While market conditions remain strong, there may be times when you find yourself in a situation where you have no apartment to show.  Maybe you don’t have a model or you’re in a make-ready process with the vacant apartments that are available.

Here is the question:  [...]

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TIME IS RUNNING OUT TO STOP THE TRASH MONOPOLY AND PROTECT YOUR BUSINESS FREEDOM!

Posted on 01. Aug, 2016 by .

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Dear Apartment and Business Owners:

As the City of Los Angeles speaks about being a “Business Friendly” City, their actions prove otherwise. You may or may not know, the City of Los Angeles has initiated an Exclusive Trash Franchise Ordinance that will impact all Commercial Business, Non-Profits and Apartments in Los Angeles. [...]

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Legal Q & A – By Franco Simone, Esq.

Posted on 01. Aug, 2016 by .

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Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for?
Answer:
A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years so you do not lose rent trying to find a new tenant. However, a fixed term lease could prevent a landlord from taking back possession of their property from a problem tenant. [...]

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