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Archive for December, 2016

What are Reasonable Accommodations? – By Zachary Lawrence JD

Posted on 01. Dec, 2016 by .

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In California, state and federal law require that landlords provide “reasonable accommodations” and “reasonable modifications” to tenants with disabilities. These accommodations allow tenants with a disability an equal opportunity to use and enjoy a dwelling unit or common area.  [...]

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Management Tips From Mrlandlord.com -10 Biggest Landlord Mistakes – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Dec, 2016 by .

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Warning From a Fellow Landlord

A regular contributor on LandlordingAdvice.com warns that cutting corners can come back to bite you.   [...]

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What All Residential Property Managers Need to Know – By Lisa Eifert

Posted on 01. Dec, 2016 by .

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Approximately 10,000 Baby Boomers have turned 65 every day since 2011 and will continue to do so until 2030, according to data from the Pew Research Center. The aging population is anticipated to have a sweeping impact across various aspects of society – from healthcare to the economy. One particular sector set for major change in the near and far-off future is the residential property management market.

Let’s take a closer look at what we can expect to see, along with key takeaways for residential property managers.  [...]

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Create an Annual Operating Budget For Your Multifamily Property – By Theresa Bradley-Banta

Posted on 01. Dec, 2016 by .

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A multifamily real estate annual operating budget allows you to compare the actual financial performance of your property to your long-range projections for future income and expenses.

It’s important to prepare an annual income and expense forecast for your property whether you manage it yourself or if a professional third party management company manages it for you. [...]

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None of Our Politicians Has the Courage to Do the Right Thing for Owners and Renters – By Noni Richen

Posted on 01. Dec, 2016 by .

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In what must have been one of the low points of her day, a young woman recently knocked on my door to tell me that she was from the San Francisco Tenants Union and wanted to invite me to a “Town Hall” to listen to Dean Preston, a supervisorial candidate talk to tenants about how unfairly they are being treated and how they should demand their rights. [...]

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Tips and Strategies to Effectively Negotiate Real Estate Transactions and Legal Disputes – By Nate Bernstein, Esq.

Posted on 01. Dec, 2016 by .

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Unlike the sale of a Tesla or a Saturn, most transactional and legal problem situations are negotiable. In real estate negotiations, the image or perception of having rote power is not the most important factor for getting what you want.  It’s all about using strategies to achieve common ground on the major points.  Sure, if you have financial or legal leverage, you have an advantage, but it’s secondary to achieving a true line item agreement on major deal points. [...]

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Top 10 Worst Property Management Mistakes – By John Wilhoit, Jr.

Posted on 01. Dec, 2016 by .

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The question that will come to mind as you read this is “Who does that”?  The unfortunate answer is too many people.  We are in an industry full of talented people.  Mostly.  If these mistakes are occurring with your assets, it is probably time to look for new management – first to stop the damage and second, to remedy the potential of on-going issues and the exposure they present.  Suffice to say, these are all bad. [...]

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Legal Q & A – by Dennis Block

Posted on 01. Dec, 2016 by .

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Question One:  We attended your seminar on Tenant Screening at the L.A. Convention Center as we are members of the AOA. Thank you very much for your seminar which gave us highly useful tips to screen probable tenants. I will be glad to use your services for us and for my friends because of your professionalism.

We have a situation now where we received an application from a company to rent our single family house in Long Beach. We heard in your talk that when renting to a company, be careful because there are some risks involved. Can you please give us clues as to what we need to look for and what we need to avoid from corporate tenants in renting our property. We appreciate your assistance in this matter. Thanks a lot. [...]

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3 Ways You Can Prevent Vacancies – Holiday Ideas – By Nick Sidoti, “Dr. Cash Flow”

Posted on 01. Dec, 2016 by .

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Q. Dear Nick:  I own a number of buildings in a large North Eastern city that is currently depressed. My vacancy rate is creep­ing up. At one time it was unheard of to have more than a one month vacancy. Now they are lasting two or three months and I have to work very hard to fill them. I seem to be stuck in a downward spiral – for every one that I fill, I have two or three other tenants give me notice that they intend to move. The loss of rent, the advertising cost, the repainting and other costs of turnover are killing my cash flow. Do you have any suggestions?  Going Bankrupt [...]

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Legal Q & A: The Unlawful Detainer Action and Stipulated Agreements – by Franco Simone, Esq.

Posted on 01. Dec, 2016 by .

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Q: I have filed an eviction (unlawful detainer lawsuit) and I think I will win if we must go to trial. My attorney wants me to consider settling the case, why should I settle instead of going to trial? [...]

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