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Archive for June, 2012

Landlords “ Beware of Rental Scams! – By Patricia A. Harris

Posted on 13. Jun, 2012 by .

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I recently received a phone call from one of our members who was questioning if she could withhold money from a deposit that was given to her to hold an apartment.  At the last minute, the tenants backed out of the lease to rent a different apartment.  I asked her to explain the situation to […]

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When it Comes to Managing Your Rental Property, There’s No Substitute for Knowledge – By Ted Loewenberg

Posted on 13. Jun, 2012 by .

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When it Comes to Managing Your Rental Property, There’s No Substitute for Knowledge By Ted Loewenberg 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 […]

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How to Attract Generation Y Residents for Your Rental Properties – By Justin Allen

Posted on 13. Jun, 2012 by .

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How to Attract Generation Y Residents for Your Rental Properties By Justin Allen Believe it or not, there are up to 80 million people between the ages of 16 and 29 who will be filling your vacancies in the year ahead.  They are often called Generation Y, also known as the Echo Boomers.  They are […]

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The Divine Rightsof Carmen Trutanich – By Carol Knapp

Posted on 13. Jun, 2012 by .

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The Divine Rightsof Carmen Trutanich By Carol Knapp Apparently Los Angeles City Attorney Carmen Trutanich¦NUCH* to friends¦feels he has the divine right of kings when it comes to the law. Property owners have been getting das boot from der city for years with outrageous fees, fines surcharges and criminal liability for tenant destruction,    Kangaroo Court […]

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Life Without Proposition 13 – By Jon Coupal

Posted on 13. Jun, 2012 by .

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Life Without Proposition 13 By Jon Coupal In Sacramento, where the political class feels they can never get enough money from taxpayers, Assemblyman Tom Ammiano has held another hearing on the evil Proposition 13, focusing on property tax protections for commercial property. But the intent is clear, as has been pointed out by taxpayer and […]

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Buy a House! – By Addison Wiggin and Samantha Buker

Posted on 13. Jun, 2012 by .

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Buy a House! By Addison Wiggin and Samantha Buker A little more than a year ago, a very successful professional investor declared, If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy […]

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Vacancies: Time to Change Your Marketing Plan? – By Drew DeMasters

Posted on 13. Jun, 2012 by .

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Vacancies:  Time to Change Your Marketing Plan? By Drew DeMasters Have you have ever had too many qualified applicants for your rental properties?  So many you had to turn them away and even stop advertising?  I mean what a happy problem, right?  A landlord’s dream. If this has ever happened to you, you probably wish […]

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Why Many Apartment Markets Have More Good Years Ahead – By Patrick Simons

Posted on 13. Jun, 2012 by .

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Why Many Apartment Markets Have More Good Years Ahead By Patrick Simons Is a glut of new apartments inevitable?  Should you be worried about all the proposed projects you’re hearing about?  Are we seeing signs of irrational exuberance in the rental housing industry? We do a lot of forecasting for clients based on detailed supply-demand […]

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MRLANDLORD.COM Tips on Management: 19 Top Tips When Buying Property That You Plan to Hold and Rent

Posted on 13. Jun, 2012 by .

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MRLANDLORD.COM Tips on Management 19 Top Tips When Buying Property That You Plan to Hold and Rent 1) Buy what RENTS!  A great buy in the wrong part of town is NOT a great buy! 2) LOCATION!  The prettiest rental in the wrong neighborhood will never have as much potential as the ugliest house in […]

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Benefits of Transferring Your Rental Property to a Living Trust – By, Michael K. Elson, Attorney

Posted on 13. Jun, 2012 by .

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Benefits of Transferring Your Rental Property to a Living Trust By, Michael K. Elson, Attorney There are many significant benefits to transferring your rental property and other assets to a living trust.  The obvious benefits are that you will select the executor, or rather successor trustee, of your estate, and you will decide who the […]

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Everything You Always Wanted to Know About Transferring Real Estate Without Getting Reassessed – by Edgar Saenz, Esq.

Posted on 13. Jun, 2012 by .

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Everything You Always Wanted to Know About Transferring Real Estate Without Getting Reassessed by Edgar Saenz, Esq. Here’s the problem:  In California, a change in ownership of real property triggers a reassessment.   Here’s a menu of six ways to legally transfer property without incurring a reassessment.

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Letters to the Editor¦

Posted on 13. Jun, 2012 by .

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Letters to the Editor¦ Dear Dan: Just a note of thanks for the service you provide to landlords in California. I could not print out the “Lead Base Paint pamphlet” from the EPA web site so I drove over to your Garden Grove office to pick up a supply. This reminded me how valuable being […]

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Reminder: New Lighting Rules from the Federal Environmental Protection Agency – By Tom Sjostrom

Posted on 13. Jun, 2012 by .

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Reminder:  New Lighting Rules from the Federal Environmental Protection Agency By Tom Sjostrom Now is the time to plan for the replacement of your fluorescent lights and ballasts! As an owner/investor of real estate, you need to figure out what kinds of lighting you have, because significant changes have been mandated by the Federal Government […]

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The Sargent Shriver Civil Counsel Act – By Melissa V. King, Esq. and Brett Wright, Esq., Owens & Wright, Attorneys at Law

Posted on 13. Jun, 2012 by .

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The Sargent Shriver Civil Counsel Act by Melissa V. King, Esq. and Brett Wright, Esq., Owens & Wright, Attorneys at Law You have the right to an attorney. If you cannot afford an attorney, one will be appointed for you. Most of us recognize this well-known admonition, but hopefully not from personal experience.  It must […]

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Four Steps to a Successful Property Investment – By Kathleen Wilcox, EMBA

Posted on 13. Jun, 2012 by .

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Four Steps to a Successful Property Investment By Kathleen Wilcox, EMBA At the very beginning of a new property investment, an investor with a buy-hold-manage strategy is likely to have a vision of what that investment will become in the future.  The challenge is taking the right steps between the date of purchase to the […]

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Working With Residents “ How to Train Your Tenant – By Larry Cutting

Posted on 13. Jun, 2012 by .

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Working With Residents “ How to Train Your Tenant By Larry Cutting I have discovered over the years “ sometimes the hard way “ that the more time and effort you spend in the initial screening process and lease signing appointment, the less trouble you will have in the overall tenancy.  I refer to it […]

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Apartment Complexes Statewide to Start Recycling Programs – By CalRecycle

Posted on 13. Jun, 2012 by .

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Apartment Complexes Statewide to Start Recycling Programs By CalRecycle SACRAMENTO “ California apartment complexes are going greener than ever this year as they start recycling programs to help meet a state recycling goal of 75 percent by the year 2020. A state law that goes into effect July 1 requires businesses and public entities that […]

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Say Goodbye to Rent Control! – By Zachary Lawrence JD

Posted on 13. Jun, 2012 by .

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Say Goodbye to Rent Control! By Zachary Lawrence JD I remember a beautiful song by Michael Jackson called: Never Can Say Goodbye.  ‘s the story of how difficult it is to part with someone you love.  Sometimes, however, saying goodbye can be a wonderful thing.  And profitable! Rent control, as we now know it, creates […]

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Forecasts and Trends Obama’s 2013 Budget Targets the Rich – By Gary D. Halbert

Posted on 13. Jun, 2012 by .

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Forecasts and Trends Obama’s 2013 Budget Targets the Rich By Gary D. Halbert Some weeks there is so much to write about, it is difficult to know where to start. Today, for example, it is so tempting to write about President Obama’s attempt to require the Catholic Church and all of its hospitals and universities […]

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An Exchange of Opinions # 27- Mortgage Leverage – by Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 13. Jun, 2012 by .

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An Exchange of Opinions # 27- Mortgage Leverage By Klarise Yahya, Commercial Loan Broker, DRE: 0095710  MLO: 249261 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. In the sentence, We’re in the business of providing homes for people the […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 13. Jun, 2012 by .

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Legal Q & A By Franco Simone, Esq. Small Claims Court Q. My tenant is suing me in small claims court over his security deposit.  What should I do? A. First, determine if you handled the security deposit improperly.  There are specific guidelines that must be followed pursuant to Civil Code Section 1950.5.  Here are […]

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Q & A’s – by Richard Beckman, Attorney

Posted on 13. Jun, 2012 by .

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Q & A’s by Richard Beckman, Attorney Question 1: I have a question about rent control in San Francisco.  My son wants to buy a house in the city and probably rent it for a few years to help with payment at the beginning.  We read about the eviction regulations and found this on http://www.sftu.org/justcauses.html: “Tenants […]

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

Posted on 01. Jun, 2012 by .

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Legal Q & A by Dennis P. Block, Attorney   Question 1:  I have a building in a non rent controlled area. I served my tenant with a 60-day notice on May 15, 2012. The tenant is on a month-to-month tenancy. Am I entitled to collect the rent during this 60-day period? He will next […]

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Resident Manager Agreements: What AOA Members Need to Know – By Dale S. Alberstone, Esq.

Posted on 01. Jun, 2012 by .

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Resident Manager Agreements: What AOA Members Need to Know By Dale S. Alberstone, Esq. In this column each month, I try to address legal topics which are timely and important to AOA’s members as owners of apartment buildings.  For example, recently I addressed pitfalls of many laundry leases (and in particular, that owners should just […]

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And Would You Like to Be My Partner?

Posted on 01. Jun, 2012 by .

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And Would You Like to Be My Partner? Trade Show a Huge Success! Our 30th Anniversary Million Dollar Trade Show last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers […]

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