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Archive for May, 2012

Seven Common Mistakes Many Small Property Owners Make – By Ted Loewenberg

Posted on 15. May, 2012 by .

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A friend of mine (Betty) rented an illegal unit for 23 years and established a close friendship with the owner, (Joanne).  During those many years, Betty spread out her belongings into places that were off limits to her, but Joanne said nothing. Joanne said she didn’t get to the bank until after the middle of […]

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Going after Business is the First Step in Dismantling Prop 13 – By Joel Fox

Posted on 15. May, 2012 by .

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In the article below, Joel Fox explains how the real target is all of Prop. 13. Howard Jarvis Taxpayers Association. There was another hearing on Proposition 13, the iconic property tax cutting measure, at the legislature yesterday. San Francisco Assemblyman Tom Ammiano wants to clarify change of ownership rules when business property changes hands and […]

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Intelligent Leasing Equals Better Ownership Experience – By Alex Moran

Posted on 15. May, 2012 by .

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Intelligent leasing is the foundation of a quality ownership experience.  The apartment building owner with an effective leasing strategy reaps tremendous benefits that his short-sighted or uninformed competitors are often missing out on.  You can enjoy having exceptional tenants, achieve the highest possible rents, have a virtually non-existent vacancy factor, and own the most intelligently […]

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This Activity Can Save You Time and Money for the Entire Year – By Kathleen Wilcox

Posted on 15. May, 2012 by .

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What is it?  I’ll give you a few hints “ it can lead to a reduction in those dreaded service requests.  It can reduce controllable expenses.  It can even increase resident satisfaction and lead to greater resident retention! You guessed it.  ‘s the annual property inspection.  By performing this single task each year, you can […]

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How Luxury Vinyl Tile Will Influence Your Flooring Decisions – By Dan Cochrane

Posted on 15. May, 2012 by .

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Commonly, Luxury Vinyl Tile (LVT) refers to vinyl flooring that is designed to imitate the appearance of various types of stone or tile. Vinyl Plank Flooring imitates hardwood flooring.  As such, they’re manufactured in square tiles or planks and are offered by most flooring manufacturers. For the sake of simplicity, we’ll refer to both styles […]

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How to Protect Your Tenants and Buildings from Bedbugs – By Top Dog Pest Control

Posted on 15. May, 2012 by .

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More About Bedbugs Bed bug infestations have undergone resurgence and can be found in the finest hotel and living accommodations. Due to changes in pesticides and an increase in travel, transportation of infested items such as, luggage, furniture, and bedding, we can’t stop the spread of these bugs. The detection of this blood-sucking bug is […]

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No- Cost Energy Program Can Improve Your Bottom Line: Energy Smart Program Extended through December 2012 – By Lorna Leigh Ross

Posted on 15. May, 2012 by .

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Recession or no recession, apartment owners and managers, like you, are continually looking for ways to reduce costs and improve profit margins. Probably the easiest costs to reduce are those you feel you have some control over, typically the variable expenses. These include items like maintenance, security, and utilities, which are the costs that tend […]

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What Are Landlords’ Responsibilities for Move-Out Inspections? – By Franco Simone, Attorney

Posted on 15. May, 2012 by .

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Q:  Should I do a pre-move-in walk thru with my new tenant? A: Yes.  Before signing a Rental Agreement or collecting any rent or security deposit, DO A MOVE-IN INSPECTION!!!! It is best to use a written Inspection Checklist signed by the tenant, as it protects you in case of an eviction or a dispute […]

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Tenant Screening : A Landlord’s Guide to Serenity – By Stephen C. Duringer, Esq.

Posted on 15. May, 2012 by .

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Proper tenant screening is one of the most important things that you can do to preserve and protect your investment.  Additionally, weeding out the ne’er do wells before they become your problem tenants will certainly provide peace, tranquility and balance in your personal life.  This article will provide you with the knowledge and tools necessary […]

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Making Lemonade – Why Now is the Sweetest Time to Invest in Real Estate – By Breanna Olaveson

Posted on 15. May, 2012 by .

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The following is written for the individual who wants to invest and might be looking for that first rental property which may even be a single family home. In today’s market, it’s not hard to find a few lemons.  The United States finished 2010 with a 9.4 percent national unemployment rate.  Americans’ personal finances have […]

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The Pent-Up Buyer Demand Fantasy – By Bruce Norris

Posted on 13. May, 2012 by .

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Once upon a time, California was business friendly and people migrated here for a better life. Builders could count on lines of buyers ready and able to purchase anything with a front door. Buyers could count on lenders to cooperate with increasingly easy-to-qualify-for loan products, allowing prices to graduate ever upwards. This excitement led to […]

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Don’t Just Show Your Apartments “ SELL Them! 19 Great Tips for an Open House – By Jeffrey Taylor

Posted on 13. May, 2012 by .

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In a competitive environment, the way you “sell the value” of your properties, not just “show” your properties, is critical. I often get asked by landlords who are frustrated, “Why can’t I get it rented?” The landlords believe their properties are in excellent condition, they even include WOW factors. But yet, they show their rental […]

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Letters to the Editor¦ More Landlord Scams and Email Alerts

Posted on 13. May, 2012 by .

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Dear AOA: Thank you so much for sending this alert.  I did receive quite a few emails from outside USA when I put ad for rent on Craiglist.  Most of the cases were that they had business here and needed to come to the US and wanted to rent my property. Then they asked for […]

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IRS on Warpath Against Real Estate Investors – By Philip Panitz, Tax Attorney

Posted on 13. May, 2012 by .

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The IRS is on the warpath against real estate investors.  Perfect.  You’ve taken money out of the failing stock market, or prudently decided to put it in real estate before the stock market even sniffed apocalypse.  You have your rental properties in Los Angeles County, or your rental homes leased out in South Orange County.  […]

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Is Turnover Killing Your Profits? – By Drew DeMasters

Posted on 13. May, 2012 by .

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You probably agree almost nothing is worse than having an empty rental property.  Two kinds of costs can hit hard: real costs (like utilities, taxes, maintenance, and cleaning) and opportunity costs (like lost rental income and a higher risk of crime). In this business, we call it the vacancy rate.  But that’s kind of an […]

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FORECASTS & TRENDS: Best Critique of Obama I’ve Ever Read – by Gary D. Halbert

Posted on 13. May, 2012 by .

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I have elected today to reprint an excellent article I recently read. The article is written by Peter Ferrara, a long-time serious conservative/libertarian. This is perhaps the best critique of President Obama that I have ever read. If you are an Obama fan, you probably don’t want to read this; on the other hand, maybe […]

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An Exchange of Opinions # 26 “ Newbies Rejoice! – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 13. May, 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 My clients generally prefer mid-sized apartment buildings from, say, 10 to 40 units. Ok, I Know that’s a wide range, but for a variety of reasons ten units are usually more […]

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Legal Q & A “ Security Deposit Refunds – By Franco Simone, Attorney

Posted on 13. May, 2012 by .

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Q: What can I deduct from a tenant’s security deposit? A: The refund of security deposits is the most common disagreement between landlords and tenants.  Common problems to avoid are:

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Q & A – by Richard Beckman, Attorney

Posted on 13. May, 2012 by .

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Question 1: I believe the tenant in one of my units has died, since someone claiming to be his nephew contacted me to discuss ˜taking over the lease’. I told him I would have to have all the details in writing, and would then respond. What happens to the tenancy when the tenant dies? And […]

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

Posted on 13. May, 2012 by .

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Question One:  I have a rent controlled building in the City of Los Angeles. One of my friends owns a similar building that was built around the same time as mine. He tells me that he is not under rent control because he has a luxury exemption. I have never heard of that. What is […]

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Legal Tips When Buying an Apartment Building – By Dale S. Alberstone, Esq.

Posted on 13. May, 2012 by .

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Legal Tips When Buying an Apartment Building By Dale S. Alberstone, Esq. This month, let me suggest some ideas of a legal nature which may assist AOA members with their purchase of apartment buildings.  While these tips may be used for all types of real property acquisitions, they focus on multi family dwelling structures.

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‘s Here! The BIG Million Dollar Trade Show and Landlording Conference! Thursday, May 17th at the Long Beach Convention Center Hall C

Posted on 13. May, 2012 by .

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‘s Here! The BIG Million Dollar Trade Show and Landlording Conference! Thursday, May 17th at the Long Beach Convention Center Hall C Mark your calendars for Thursday, May 17th for AOA’s Million Dollar Trade Show and Landlording Conference in Long Beach. You will meet just about every contractor and vendor you will ever need¦ it’s […]

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