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Archive for October, 2012

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

Posted on 16. Oct, 2012 by .

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It’s the economy, stupid… (James Carville, 1992) The National Economy For the third consecutive year, the US economy remains stuck in a painfully slow recovery as a series of issues quell economic growth and business optimism. A global economy in tatters, unemployment rising to 8.3% last month (the latest jobs data on individual states saw […]

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Forecasts & Trends A Sad State of Affairs – By Gary D. Halbert

Posted on 16. Oct, 2012 by .

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We all know that the economic recovery is slowing. While it’s clear that growth is slowing, the reasons why are not so clear. Some blame it on the fiscal cliff of higher taxes and government spending cuts come January 1, unless Congress does something to stop it before the end of the year. Others blame […]

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Something to Think About #1 “ Another Pair of Eyes – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 15. Oct, 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. The other day I was trying to explain how helpful it is to the borrower when a bank performs due diligence before making a loan. The fellow on the other end […]

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Legal Q & A – By Franco Simone, Esq. (San Diego)

Posted on 15. Oct, 2012 by .

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Q: I have a potential new tenant who is disabled.  He wants me to pay for certain modifications to my unit because of his disability.  Am I responsible to pay for these modifications?

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

Posted on 15. Oct, 2012 by .

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Question 1: I need my tenant to vacate his rental unit for a few days so my contractor can do some repairs to the unit. The tenant wants me to pay him the cost of a motel for the time he is out of the unit, and I agreed as long as the cost did […]

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

Posted on 15. Oct, 2012 by .

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Question One: I had two persons that got evicted from one of my apartment units and I received a monetary judgment in the sum of $4,000. I feel sorry for one of the tenants. Am I allowed to collect the full amount of the judgment against one tenant only or am I limited to $2,000 […]

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Resident Manager Laws For 2013 – By Dale Alberstone, Esq.

Posted on 15. Oct, 2012 by .

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Litigation continues to be filed in record numbers by resident managers against apartment owners and management companies for alleged violation of wage and residency laws.  The amounts managers demand are staggering.  For example, in a matter I am presently handling for a client, the former resident manager is seeking payment from the owner for unpaid […]

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It’s Here! The BIG Million Dollar Trade Show and Landlording Conference! Wednesday, October 17th at the Los Angeles Convention Center “ West Hall B

Posted on 15. Oct, 2012 by .

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Mark your calendars for Wednesday, October 17th for AOA’s Million Dollar Trade Show and Landlording Conference in Los Angeles. You will meet just about every contractor and vendor you will ever need¦ it’s called the Million Dollar Event of the year. This year is bigger than ever as we are celebrating our 30th Anniversary! Come […]

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Grand Jury Investigates Berkeley Rent Stabilization Board! (Northern California)

Posted on 15. Oct, 2012 by .

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The members of the Alam¬eda County Grand jury serve as watchdogs to the city, county and district operations. They investigate complaints and inquire into pub¬lic offenses submitted to them throughout the year. Recently, the grand jury sub¬mitted their 2011-2012 final re¬port to the Superior Court. This report contains a detailed ac¬count of its activities, together […]

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Running Criminal Background Checks on Prospective Tenants – By Marc Branco, Esq.

Posted on 01. Oct, 2012 by .

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A landlord has a general duty to take reasonable care in providing a safe living environment for his or her tenants. As part of this general duty a landlord must protect tenants from foreseeable harm perpetrated by other tenants. This implies that a landlord may also have a duty to screen potential tenants to determine […]

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Best Practices and Safety Tips for Landlord’s Insurance – By Gary Edie

Posted on 01. Oct, 2012 by .

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Attention to the items listed below has proven to be effective in reducing the potential for a loss or mitigate the cost of a loss, should there be an occurrence.

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“Fast-Track” Investing – By Jay P. DeCima

Posted on 01. Oct, 2012 by .

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It is my firm belief that do-it-yourself investors should learn everything they can about the many different ways to make profits with real estate.  I don’t believe you can reach our maximum potential as an investor until you learn to do many things well.  These include buying single-family houses, foreclosure properties, run down apartments, options, […]

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Immigrants and Landlording – By Jo Becker, Fair Housing Council

Posted on 01. Oct, 2012 by .

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There has been and will continue to be much ado about immigration.  The rights of immigrants both documented and undocumented will continue to be in the news.  What implications does all of this have for landlords?  Can an undocumented immigrant legally rent property in the United States?  What’s your liability if you rent to someone […]

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Is it Legal to Rent to . . .?? – By Scott Clark, Attorney

Posted on 01. Oct, 2012 by .

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Compliance with fair housing laws has always been tricky, but recent changes in immigration policy have created new stumbling blocks for those who want to avoid national origin discrimination claims.

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New “Obamacare” Investment Tax – By Peter Muffoletto, CPA

Posted on 01. Oct, 2012 by .

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The Patient Protection and Affordable Care Act (ACA) affirmed by The Supreme Court includes certain income tax provisions to help pay for what has become known as Obamacare. With the Supreme Court upholding the ACA as constitutional, all the provisions within the law now come into effect, one being the 3.8 percentage surtax on investment […]

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Positives and Negatives of Living in Your Own Apartment Building – By Jerry Feldman

Posted on 01. Oct, 2012 by .

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Income Taxes The most important positive for living in your own apartment building is that there will no longer be taxable rental income on the income tax return of the owner for the unit occupied by the owner.  On the owner’s income tax return the taxable rental income would decline which might enable the taxpayer […]

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The Top Three Things That Will Get You Sued and How to Prepare – By John Hyre, JD

Posted on 01. Oct, 2012 by .

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This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com. The top three items that get small-to-medium scale real estate investors in hot water are: 1.    Contract Disputes 2.    Negligence 3.    Deceptive & Unfair Business Practices

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The IRS Assault on Real Estate Investors: How to Fight Back – By Philip Garrett Panitz, Esq.

Posted on 01. Oct, 2012 by .

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Audit. It’s the word most real estate investors dread. But that is precisely what could happen as part of a “sweep” the IRS is conducting across the U.S. that calls into question deductions real estate investors have routinely been taking for years. As real estate investors are aware, Congress allows deductions pertaining to the operation […]

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Common Sense Guide to Solving Mold Problems – By Austin Reid

Posted on 01. Oct, 2012 by .

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Is Mold Testing Really Necessary? In most cases, if visible mold is present, paying hundreds of dollars for mold testing is a completely unnecessary expense. A visual inspection and a little common sense will typically serve as the best indicator of a mold problem because most people know what mold looks and smells like.  The […]

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Litigation Happens: Cover Your Assets! – By Samantha Murphey

Posted on 01. Oct, 2012 by .

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The main reason people go into real estate investing is the same reason people fail to protect their assets in real estate investing – money.  What you don’t do now can be held against you later in a court of law.

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Why it is Important to Maintain Your Rental Property? – by Natalie Greenberg Frost

Posted on 01. Oct, 2012 by .

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Are you the type of landlord that allows maintenance to pile up on your rental property? Or do you get the job done as soon as the problem arises? Here is a list of reasons why it is so important to stay on top of repairs as they surface;

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The End of Rent Control, the Crash and the Meltdown in Malibu – By George Drysdale

Posted on 01. Oct, 2012 by .

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A Swedish socialist said:  “Rent control appears to be the most efficient technique presently known to destroy a city – except for bombing.”  An official of the communist government in Hanoi:  “The Americans couldn’t destroy Hanoi by bombing it during the war but we have destroyed our city by low rents.”

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