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Archive for March, 2012

How to Choose the Right Window Coverings for Your Building – by Elite Shades

Posted on 30. Mar, 2012 by .

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Shutters, Sliding Panels and Roller Shades Shutters offer traditional elegance that is engineered to last a lifetime. They won’t warp, chip, peel or fade and never need painting. Sliding panels are great when you need to liven up your décor. They are available in a wide variety of natural wood patterns. Whether you need to […]

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MRLANDLORD.COM Tips on Management Is Your Sign in the Wrong Place? – by Jeffrey Taylor

Posted on 30. Mar, 2012 by .

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Once you’re in this business for several years, you’ll start seeing the cycles that are natural in real estate. The timing of the cycle will vary from area to area, but the cycle exists just the same. You’ll go from having all your rentals full and perhaps a waiting list of people wanting to rent […]

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Why Smart Meters Are Not Smart For You! – by Ellen and Tobie Cecil

Posted on 30. Mar, 2012 by .

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Introduction to Smart Meters As Pacific Gas & Electric (PG&E) in Northern California along with Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E) in Southern California roll out a combined total of 11.7 million new electric and 10.6 new, gas Smart Meters (so-called), we as a property management team see Californians’ Constitutional […]

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How to Keep Your Resident Manager Professional – by Shoptalk Service Evaluations

Posted on 30. Mar, 2012 by .

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Many apartment communities strive to create a welcoming office environment in order to put prospective residents at ease.  From aromatic scents and freshly baked cookies to a warm faire, these comforts communicate a feeling of home.  However, when managers have an office connected to their apartment or even inside their apartment home, sometimes the lines […]

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Three Big Reasons to Communicate with Your Tenants – by Drew DeMasters

Posted on 30. Mar, 2012 by .

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Your friends haven’t done anything new lately. Have you seen this phrase before?  Front and center when logged into Hotmail, it made me laugh and think really?!  If only you knew what my friends are up to.  And if Hotmail thinks you aren’t doing anything new, there’s a good chance you probably are!  Then I […]

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Do You Have Sad-isfied Residents? – by Russ Sandlin

Posted on 30. Mar, 2012 by .

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If you are to be effective in property management, you must continually strengthen resident retention.  With resident retention so important, why do so many sad-isfied residents tell me, When I was considering renting, they waited on me hand and foot.  Now that I’ve moved in, it’s my turn to wait for everything! While there has […]

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IRS Approved QPRTs Are Like Legalized Stealing – by Edgar Saenz, Esq.

Posted on 30. Mar, 2012 by .

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A Qualified Personal Residential Trust or QPRT (pronounced CUE-pert) is a trust whose only asset is a residence.  The QPRT removes the value of a home from the estate and shelters appreciation.  It also provides asset protection associated with irrevocable trusts. The homeowner transfers the home into a QPRT, continuing to live there throughout the […]

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Ways to Create Extra Apartment Revenue – Yield Management – by Jim Baumgartner

Posted on 30. Mar, 2012 by .

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It is no mystery that the past few years have been tough on the multi family industry.  We are seeing pockets of recovery while other regions are still suffering.  Despite overall vacancy issues, you often will see certain floor plans or views maintain high demand.  This is where market rate properties can boost revenue by […]

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Five Tips for Responding to Tenant Maintenance Requests – by Ami Noss

Posted on 30. Mar, 2012 by .

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Like it or not, once you and your tenant have signed a rental agreement, addressing any maintenance issues that arise will quickly become one of the most critical aspects of maintaining a good relationship. You may occasionally need to educate an overly needy tenant on the types of issues they should attempt to address themselves […]

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Top 5 Mistakes of Beginning Commercial Real Estate Investors – by Ray Alcorn

Posted on 30. Mar, 2012 by .

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This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com. We’ve all done it. Anyone who invests in real estate is bound to make a clunker deal sooner or later. I’ve been in this business for over 25 years and have made plenty of mistakes, and I am always reminded that […]

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Forecasts and Trends Is the Tax Code Progressive? Part II – by Gary D. Halbert

Posted on 30. Mar, 2012 by .

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[Dan’s Note:  Keep in mind that Progressive means socialistic.  Progressive means taking money away from those who earn it and giving it to those who do not earn it.] The US Tax Code is designed to be progressive, meaning that the more money you make, the higher your tax rate.  This is accomplished through tax […]

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An Exchange of Opinions # 24 “ Income Balancing – by Klarise Yahya, Commercial Loan Broker, DRE: 0095710, MLO: 249261

Posted on 30. Mar, 2012 by .

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If you’ve missed some of the prior articles, basic beginner guidelines on successful investing are in my book Stairway to Wealth available at LuLu.com. A young couple drops by once in a while to discuss investment opportunities. This time they brought their son, not quite a year old, but already, if you use a little […]

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Legal Q & A – by Franco Simone

Posted on 30. Mar, 2012 by .

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Registered Sex Offenders as Tenants Q: Does a landlord have a duty to determine whether or not an applicant is registered as a convicted sex offender? A: A landlord does not have a duty to check on the status of an applicant as a convicted sex offender.

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Legal Q & A – by Richard Beckman, Attorney

Posted on 30. Mar, 2012 by .

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Question 1: What is an ˜estoppel statement,’ and can I ask my tenant for one at any time? Answer 1: An ˜estoppel statement’ is, generally, a form that the landlord provides to the tenant “ residential or commercial –  to complete and return to the landlord, which outlines the specific status of the tenant’s rights […]

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Legal Q & A – by Dennis P. Block, Attorney

Posted on 30. Mar, 2012 by .

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Question One: My tenants normally pay the rent by depositing the money directly into my bank account. One tenant has not paid the rent and I want to issue a 3-day notice to pay rent or quit.  May I specify in the notice that the rent payment be deposited into my bank account? Answer One: […]

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The Biggest Pitfall of a Family Living Trust Lawsuit – by Dale S. Alberstone, Esq.

Posted on 30. Mar, 2012 by .

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The biggest pitfall in any litigation or arbitration brought or defended by a family living trust is the failure of the pleadings to properly identify the trustees of the trust as parties to the proceeding.  On December 28, 2011, the California Court of Appeal simply and unequivocally ruled that the property party to a legal […]

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Beware: The Inflationary ˜Tipping Point’ Ready to Hit the U.S.

Posted on 30. Mar, 2012 by .

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The below article was written by Robert Wiedemer  who is the author of The New York Times and Wall Street Journal bestseller, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, with over 500,000 copies sold. He is a managing director of Absolute Investment Management, an investment advisory firm with more than $200 […]

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Beware: The Inflationary ˜Tipping Point’ Ready to Hit the U.S.

Posted on 30. Mar, 2012 by .

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Beware: The Inflationary ˜Tipping Point’ Ready to Hit the U.S. The below article was written by Robert Wiedemer who is the author of The New York Times and Wall Street Journal bestseller, Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown, with over 500,000 copies sold. He is a managing director of Absolute […]

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Letter to the Editor¦

Posted on 12. Mar, 2012 by .

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Below is an open letter written to Councilperson Tom LaBonge Dear Tom: Please allow me some venting. I own three rent controlled buildings; two in your district and one in Studio City. The billing packet for one of the three buildings arrived today, the 14th of the month. One can only assume that the other […]

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Why We Don’t Trust Politicians – By Jon Coupal

Posted on 12. Mar, 2012 by .

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Ask any of the politicians in Sacramento if they believe in government transparency, full disclosure of their official actions and the open and honest operation of state functions, and they will, to a man and woman, answer with a resounding, yes!

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Raise Your Rental Standards – By Robert Cain

Posted on 12. Mar, 2012 by .

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In an interview with Multifamily Executive Magazine, James McClelland, the CEO of Mack Cos. of Tinley Park, Ill and 36-year veteran of the investment real estate market, said: What we’re getting now versus what we got before are residents with better income: people in solid situations who for one reason or another were forced out […]

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Avoiding the Huge Costs of Tax Preparation – By Brendan O’Brien

Posted on 12. Mar, 2012 by .

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As a landlord, your tightest months for cash flow are usually at the end of the winter and beginning of spring, in March, April and May. You’ve just finished paying for the extra costs that winter brings; sky-high utility bills, heating issues and so on. Not only that, but any vacant units probably took longer […]

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How to Improve Your Renewals and Referrals – By Mindy Williams

Posted on 12. Mar, 2012 by .

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The most inexpensive way we have to increase occupancy is by increasing our renewals and referrals.  Here are some ways managers across the country are improving their renewals and referrals.

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Setting the Table For Rent-Controlled Evictions – by James S. Cooper, Esq.

Posted on 12. Mar, 2012 by .

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Evicting a tenant for nonpayment of rent is not nearly as simple as it once was.  This is because of the fact that although the unlawful detainer statutes were originally designed for relatively simple and expeditious recovery of rental units, that body of law has now been modified beyond recognition, creating numerous traps for landlords […]

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