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Archive for August, 2012

The Pace of Property Management¦Does It Matter? © – by Ernest F. Oriente, The Coach

Posted on 12. Aug, 2012 by .

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If you were a farmer, would the spring season be more important than fall?  For your crops to grow strong, will the sunshine or the rain make them grow faster?  Does it matter if some crops are ready to be harvested in one month and other crops are ready in six months?  Like a farmer, […]

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Fair Housing Is As Easy As ABC, Let’s Do It With Some Poetry! – By Nadeen Green

Posted on 12. Aug, 2012 by .

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We are taking the alphabet, letter by letter, So perhaps you can do things a little bit better; To make your apartments open to all, And not take an unexpected fair housing fall!

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Should an Eviction Always Disqualify an Applicant? – By Robert Cain

Posted on 12. Aug, 2012 by .

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The following article, shared by a colleague offers a different viewpoint than the typical landlording advice, and may even stir a bit of controversy.  Most landlords answer the question serving as the title of this article with an empathetic, YES!  There is no way you should ever rent to a resident who has been evicted.  […]

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Shoptalk Service Evaluations: How to Handle Prospective Applicants – By Joyce Kirby

Posted on 12. Aug, 2012 by .

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Life is full of interruptions.  Yet we must find a way to strike a balance so that all the URGENT things coming at us do not pull us away from the most important tasks at hand.  In the property management industry, there are urgent owner requests, resident complaints, maintenance emergencies and employee disputes; just to […]

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Keep Your Residents Longer – Plug Them in to Your Property – By Jeffrey Taylor, Mr. Landlord

Posted on 12. Aug, 2012 by .

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Smart landlords know that the more you make residents feel plugged into their property, the neighborhood, or your management system, the longer they’ll stay.  Long-term residents drastically reduce turnover costs that can negate your positive cash flow efforts while adding thousands to your bottom line.  The following procedures help keep residents plugged in:

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Dunaway’s Dirt-Cheap NYC Apartment Highlights Abuse of Rent Control! – By Gideon Kramer

Posted on 12. Aug, 2012 by .

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Actress Faye Dunaway, with a net worth estimated at $40 million, recently vacated her cheap Upper East Side Manhattan apartment, but only after the threat of an eviction lawsuit. The owner argued that Dunaway’s permanent residence was, in fact, in California and that she was therefore not entitled to her rent-stabilized Manhattan lease.

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Apartment Market Shifting Focus to New Supply – By Randyl Drummer

Posted on 12. Aug, 2012 by .

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The ongoing recovery of the U.S. apartment market is entering a new phase, one marked by an increasing level of permits and construction starts for multifamily development projects. The upwelling in new development is expected to increase supply across many markets starting in 2013 after years of almost zero growth.

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Is it Illegal to Require Residents to Supervise Their Children? – By Howard Bookstaff

Posted on 12. Aug, 2012 by .

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On occasion in the apartment industry, we run into conflicts between safety concerns and Fair Housing issues.  While you want to be sure that children and others are safe, at what point are you protecting them at the risk of a Fair Housing violation?

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Timely Rent Collection: Can It Be Done Better? – By E. Emmanuel del Casal

Posted on 12. Aug, 2012 by .

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Are your rent collections as efficient as you would like?  Do your tenants pay the rent at the first of the month or right before the late charges kick in?  At what point of the month are all your rents collected?  Speaking with several property managers on this subject, I find that rent collection is […]

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Common Living Trust and Estate Planning Mistakes – By, Michael K. Elson, Attorney

Posted on 12. Aug, 2012 by .

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Nearly all those owning real property and other assets can benefit from a quality estate plan.  With proper guidance, drafting, and implementation, your estate plan will be effective to avoid probate, unnecessary taxes, and court control of your assets at your death or in the event of incapacity.  Proper implementation of your estate plan is […]

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Landlord Sentenced to Prison For Lead Paint Violations! – By the U.S. Attorney’s Office, Maryland

Posted on 12. Aug, 2012 by .

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[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 that you and/or your repair person become RRP Certified. AOA has become one of […]

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Make Your Rental Properties Smoke Free and Start Saving Money this Summer! – By the City of Long Beach

Posted on 12. Aug, 2012 by .

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Looking for ways to reduce turnover costs and start saving money this summer? In addition to the obvious health and safety benefits of reducing exposure to secondhand smoke, making your rental properties completely smoke free can be a smart business decision. Check out the following 3 great reasons to make your properties smoke free:

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Mandatory Time-Varying Electricity Rates are Coming in November! – By Charles Orr

Posted on 12. Aug, 2012 by .

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Time-Varying Pricing Starting this November, all small/medium commercial customers of PG&E, SoCal Edison and San Diego Gas & Electric will be required to transition to a time-varying rate schedule for electricity.  A time-varying rate schedule means that when you use energy is just as important as how much you use. This change in rate schedule […]

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The Screening and Move-In Process for Newbies – By the Greater Portland Apartment Association

Posted on 12. Aug, 2012 by .

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From the very first communication with the tenant, the screening process begins. Asking the right questions during a phone call can save you a great deal of time by screening out problem applicants. There is no reason to waste your time driving to show a unit to someone who will not qualify.

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How to Save Money on A/C and Heating Systems – By Michael Birov

Posted on 12. Aug, 2012 by .

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Summer has finally arrived. Warm days sound like fun times. We spend more time out on the beach to get that great California tan, go on vacations and spend more time with our family. For some of us though, warm days can be associated with a lot of frustration. Air conditioning problems can really take […]

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What is the Single, Most Important Step in Managing Your Rental Property? – by Camille Besset

Posted on 12. Aug, 2012 by .

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The single, most important step in managing your rental property is choosing the right tenant.  Spending extra time and handling the process carefully will prove to be well worth the effort. With attention to these details, your investment will be protected and grow in value.  Here are few suggestions to help you make the right […]

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FORECASTS & TRENDS The Fiscal Cliff – by Gary D. Halbert

Posted on 12. Aug, 2012 by .

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Preventing the Fiscal Cliff is a Tall Order I presume by now that most everyone reading this is familiar with the term fiscal cliff. But just to review quickly, here is what is set to happen on January 1, 2013 if nothing is done to stop it:

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An Exchange of Opinions # 29 The Risks You Take When You Borrow Money – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 12. Aug, 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. As we’ve discussed before, interest rates on loans, even fixed rate loans, are the sum of two items: index and margin. Let’s talk first about the index. Hypothetically, we’ll pretend that […]

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Legal Q & A by Franco Simone, Attorney (San Diego)

Posted on 12. Aug, 2012 by .

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Q: I just purchased a property at Trustee’s Sale; how do I get rid of the occupants still residing in the unit? A:  You must first determine whether or not the occupants are a former owner or a bona fide tenant.  It may be difficult to determine this fact, so it is suggested that you […]

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Legal Q &A – by Richard Beckman, Attorney (Northern California)

Posted on 12. Aug, 2012 by .

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Question 1: What is ˜rent skimming?’ Answer 1: According to Civil Code Section 890, Rent skimming” means using revenue received from the rental of a parcel of residential real property at any time during the first year period after acquiring that property without first applying the revenue or an equivalent amount to the payments due […]

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

Posted on 12. Aug, 2012 by .

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Question One: What are the rules regarding a tenant who has installed a satellite dish on a flat roof without knowledge, permission or approval from owner?

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How to Deal With the Department of Fair Housing – By Dale Alberstone, Esq.

Posted on 12. Aug, 2012 by .

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Have you heard of the Department of Fair Employment & Housing?  Insofar as housing accommodations are concerned, the function of the DFEH is to eliminate discrimination on the grounds of race, color, religion, sex, sexual orientation, familial status, marital status, source of income, national origin and housing ancestry.  More generally, the DFEH is a California […]

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The Time Has Come to Get Rid Of REAP and SCEP!

Posted on 12. Aug, 2012 by .

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Below is an open letter to the Los Angeles City Council written by Bill Hooey of  the Fair Housing Coalition, fighting for the rights of Los Angeles housing providers. Dear Council Members: Our City of Los Angeles is suffering and things are getting worse. The malady was caused by previous City Councils creating laws that […]

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