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Archive for July, 2012

Landlord Sentenced to Prison For Lead Paint Violations!

Posted on 31. Jul, 2012 by .

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Landlord Sentenced to Prison For Lead Paint Violations! By the U.S. Attorney’s Office, Maryland [Editor’s Note: ‘s important that you be aware of what happened to Mr. Murrell so that it does not happen to you! The following article is also a good reminder that if you or someone else is going to do repairs […]

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

Posted on 30. Jul, 2012 by .

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Why Smart Meters Are Not Smart For You! by Ellen and Tobie Cecil 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, […]

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Turn Your Dreams in to Your Goals – by Ernest F. Oriente, The Coach

Posted on 30. Jul, 2012 by .

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Turn Your Dreams in to Your Goals by Ernest F. Oriente, The Coach On February 9, 1996 I was fired for personal reasons from an executive position with a large sales organization within the multifamily industry. For some, this day would be considered the day a large door was slammed shut. Instead, I will always […]

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Working with Residents During Tenancy: What You May Not Have Considered – By Julie Johnson

Posted on 30. Jul, 2012 by .

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Working with Residents During Tenancy: What You May Not Have Considered By Julie Johnson There are many different scenarios that can happen during tenancy. Here are a few with tips on how you may want to consider handling them. Making Exceptions If you need to make an exception when implementing the rules, make sure you […]

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The New Estate and Gift Tax Act – By Jeff Reed

Posted on 30. Jul, 2012 by .

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The New Estate and Gift Tax Act By Jeff Reed On December 17, 2010, the President signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Act), revising the income, estate, generationskipping transfer (GST) and gift taxes for 2010, 2011 and 2012. For 2010, the Act retroactively imposed an estate […]

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Home vs. Business Expenses and Tax Deductions for Landlords From Completelandlord.com

Posted on 30. Jul, 2012 by .

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Home vs. Business Expenses and Tax Deductions for Landlords From Completelandlord.com No matter what anybody tells you, you cannot deduct personal, living or family expenses as business expenses. The IRS is committed to keeping your business expenses separate, despite a rise in fraudulent home-based business tax schemes. The IRS noted that the following examples are […]

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Apartment Insurance Costs Increase for the First Time in Four Years – By the National Multi Housing Council

Posted on 30. Jul, 2012 by .

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Apartment Insurance Costs Increase for the First Time in Four Years By the National Multi Housing Council The cost to insure apartments rose slightly in 2011, the first time in four years, according to the National Multi Housing Council’s annual Apartment Cost of Risk Survey (ACORS). The survey, which is based on data covering 750,000 […]

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Failure of Leadership in the Rent Stabilization Revision – By Michael Millman, Esq.

Posted on 30. Jul, 2012 by .

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Failure of Leadership in the Rent Stabilization Revision By Michael Millman, Esq. Below is an open letter sent to Mayor Villaraigosa. Dear Mayor Villaraigosa: Approximately six years ago, the L.A. City Council arranged for the Economic Round Table Group to investigate the feasibility of continuing with rent control within the City. The Council allocated $1,000,000 […]

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The Tax Planning Countdown to 2013 Starts Now! – By Cliff Hockley

Posted on 30. Jul, 2012 by .

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The Tax Planning Countdown to 2013 Starts Now! By Cliff Hockley As we begin 2012, all real estate investors need to pay very close attention to the ever changing tax landscape. Particular attention needs to be paid to the significant tax increases slated to occur in 2013. Investors considering whether or not to sell and […]

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Is Your Fire Protection System in Compliance With the Fire Department or Your Insurance Company? – By CV Fire Protection, Inc.

Posted on 30. Jul, 2012 by .

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Is Your Fire Protection System in Compliance With the Fire Department or Your Insurance Company? By CV Fire Protection, Inc. The National Fire Protection Association (NFPA) requires that all fire protection systems be inspected, tested and maintained periodically in order to ensure a reasonable degree of protection of life and property from fire. It is […]

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The American Dream Redefined “ An Opportunity for Landlords! – By Drew DeMasters

Posted on 30. Jul, 2012 by .

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The American Dream Redefined “ An Opportunity for Landlords! By Drew DeMasters New government data in January 2012 showed that America is more and more becoming a nation of renters. The Commerce Department reported that just 66% of U.S.homes was occupied by their owners in the fourth quarter of 2011. That’s the lowest level of […]

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Letters to the Editor¦

Posted on 30. Jul, 2012 by .

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Letters to the Editor¦ Dear AOA: I had missed a few issues of the monthly magazine after moving to Arizona. This may have been due to our unsecured street mail box. When I realized that I had not been getting the magazine, I called AOA and spoke to Shelly. I explained what had happened and […]

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MRLANDLORD.COM Tips on Management 26 Ways to Keep Residents Longer in 2012 – By Jeffrey Taylor

Posted on 30. Jul, 2012 by .

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MRLANDLORD.COM Tips on Management 26 Ways to Keep Residents Longer in 2012 By Jeffrey Taylor 1) When screening residents, length of employment and rental history are the biggest predictors of Longevity. 2) Give them market rent or just below it. 3) Respond to resident calls in a timely manner, and take care of the property. […]

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What is Adverse Action Notice and When Must You Provide One? – By Ilse Cordoni

Posted on 30. Jul, 2012 by .

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What is Adverse Action Notice and When Must You Provide One? By Ilse Cordoni If you reject a tenant solely or in part upon the information in the prospective tenant’s consumer credit report and/or on the credit score, current California and Federal laws require that you provide the applicant with an Adverse Action Notice in […]

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There’s No Time Like the Present: When Prices Hit Rock Bottom, The Smart Get Investing – By Samantha Murphey

Posted on 30. Jul, 2012 by .

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There’s No Time Like the Present: When Prices Hit Rock Bottom, The Smart Get Investing By Samantha Murphey ‘s obvious that the real estate market is suffering. But whether it has hit rock bottom is a subject of debate. Is the worst behind us? Or is it yet to come? According to real estate investment […]

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An Exit Strategy That Defers Tax Liability and Increases Cash Flow – by Anne Baber, Investment Real Estate Broker

Posted on 30. Jul, 2012 by .

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An Exit Strategy That Defers Tax Liability and Increases Cash Flow by Anne Baber, Investment Real Estate Broker And this too, dear, shall pass¦.(Dollie Riviere, my Grandmother) The National Economy The US economy ended last year on firmer footing with modestly stronger growth; however, output fell short of what analysts expected. The gross domestic product […]

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Los Angeles City Rent Stabilization – Reminders and Updates – by Patricia A. Harris

Posted on 30. Jul, 2012 by .

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Los Angeles City Rent Stabilization – Reminders and Updates by Patricia A. Harris Hopefully, if you own in the City of Los Angeles, you have already paid your building’s registration fees of $24.51 per unit which was due by February 28, 2011. Yes, the City raised the annual registration fees again!

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Forecasts and Trends – By Gary D. Halbert

Posted on 30. Jul, 2012 by .

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Forecasts and Trends By Gary D. Halbert Marginal Tax Rates vs. Effective Tax Rates With the Republican presidential primaries in full swing, we’ve seen a lot of attention focused on the income tax rates paid by the candidates. In a debate earlier this month, Mitt Romney, who is very wealthy, commented that he thought his […]

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An Exchange of Opinions #25: Charity – by Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 30. Jul, 2012 by .

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An Exchange of Opinions #25: Charity By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261 Building a loan package is both science and art. The science is predictable: certain things must be included in each file and adjusted for the type of property we’re talking about. The science is pretty standard. The art is […]

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Legal Q & A – by Franco Simone, Attorney

Posted on 30. Jul, 2012 by .

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Legal Q & A by Franco Simone, Attorney The Landlord’s Responsibility for Move-In and Move-Out Inspections 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 MOVEIN INSPECTION!!!! It is best to use a written Inspection Checklist […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 30. Jul, 2012 by .

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Legal Q & A by Richard Beckman, Attorney Question 1: My tenants changed the kitchen by adding cabinets and a dishwasher. Can I make them take it all out? Answer 1: First of all, I must assume that the tenants did this work without requesting permission from you first. Secondly, if the work was done […]

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Legal Q&A – by Dennis P. Block

Posted on 30. Jul, 2012 by .

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Legal Q&A by Dennis P. Block Question One: I am suing my tenant for eviction based on non-payment of rent. He claims that I will lose my case as I served the 3-day notice prematurely. I served him with the notice on the 3rd day of the month. He claims that the contract provides for […]

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Resident Managers, Easements and Tree Law – By Dale Alberstone, Esq.

Posted on 30. Jul, 2012 by .

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Resident Managers, Easements and Tree Law By Dale Alberstone, Esq. This month I will address three areas of real estate law which, judging from the volume of telephone calls I receive from AOA members, continue to generate a good amount of confusion. These fields are: 1. The maximum rent an owner or management company may […]

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Are You the 1% or Who Are They?

Posted on 30. Jul, 2012 by .

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Are You the 1% or Who Are They? The below article was written by Gary Halbert. Gary D. Halbert is the president and chairman of Profutures, Inc. Subscription rates for Forecasts & Trends is $197 for 12 issues and may be obtained by visiting his website at www.profutures.com. Given the large response to a previous […]

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Coming Next Month! The Big Trade Show and Educational Conference And Are You the 1% or Who Are They?

Posted on 30. Jul, 2012 by .

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Coming Next Month! The Big Trade Show and Educational Conference And Are You the 1% or Who Are They? The Big Show You’ll want to mark your calendars for the Million Dollar Trade Show and Educational Conference next month. Come help us celebrate AOA’s 30th anniversary where we’ll be giving away iPads, 5-day cruises and […]

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Bed Bugs Revisited

Posted on 30. Jul, 2012 by .

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Bed Bugs Revisited Michael A. Brennan, Esq. Potential Link Between Bed Bugs And Disease Could Raise Landlords’ Potential Liability And Provide Tenants With A Stronger Habitability Defense Most landlords have already heard the news about the increasing rate of bed bug infestations in rental housing units across the country. In fact, several of my clients […]

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Observations on the Recovery, Employment and Credit Markets – By Greg Marderian

Posted on 17. Jul, 2012 by .

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There is currently a favorable environment with price support for multifamily properties because of the following: There are fewer apartment buildings in better areas being offered for sale Investor interest remains although many are more cautious There is loan availability with record low rates

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9 Tips on Screening and Your Gut Feelings – By Jim Straub

Posted on 17. Jul, 2012 by .

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9 Tips on Screening and Your Gut Feelings By Jim Straub Let’s have an honest conversation about screening. By now, we’re all aware of Fair Housing laws and how they apply to screening potential tenants. We all have written screening requirements and we stick to them. Sometimes, though, we just have that feeling in our […]

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