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Archive for November, 2012

Four Steps for Hiring and Keeping Property Management SuperStars © – by Ernest F. Oriente

Posted on 08. Nov, 2012 by .

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“When you hire the best, the rest is easy!”  We have heard this phrase many times, but how do we put this concept into action?  We know that hiring the best people is vital to the success of our business, especially in property management. And certainly, the residents who live in the apartments you manage […]

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8 Key Factors When Analyzing Your Multifamily Competition – By Tami Siewruk

Posted on 08. Nov, 2012 by .

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One important part of developing a successful apartment community marketing plan is to size up your marketing strategy to that of your competitors’.  Here are a few tips that every community should analyze to gain a stronger competitive advantage.

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Show Your Building Even With No Vacancies! – By Joyce Kirby

Posted on 08. Nov, 2012 by .

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In strong rental markets, many leasing employees are faced with the wonderful challenge of being 100% leased.  Some apartments are being rented “sight unseen,” and perhaps there are only a few days in any given month where vacant apartments are available to look at before the new residents move in.  For communities that have rented […]

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Improving Curb Appeal Attracts Better Tenants – By Chuck Sloan

Posted on 08. Nov, 2012 by .

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Imagine you drive up to a property that you found in an online listing.  You see cracked blinds through dirty windows, peeling paint on the front of the building, weeds a foot high, unruly shrubbery and low-hanging trees.  What is your impression?  What kind of tenant will this property attract?

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Federal Budget and Deficit Brilliantly Explained! – by Anonymous Author

Posted on 08. Nov, 2012 by .

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This example rather brilliantly cuts through all the political doublespeak we get.  It puts it into much better prospective.

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Passing Real Estate Assets to the Next Generation – By Cliff Hockley

Posted on 08. Nov, 2012 by .

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You have worked your whole adult life to establish a real estate legacy.  These real estate investments have paid for your kid’s college and your retirement.  You put your blood, sweat and tears into them and now you have to make key decisions regarding passing the assets on to your spouse and kids. What do […]

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MRLANDLORD.COM Tips on Management 10 Cheap Ways to Advertise Your Rental and 15 Best All Purpose Cleaners

Posted on 08. Nov, 2012 by .

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10 Cheap Ways to Advertise Your Rentals These tips are recommended by landlords nationwide. 1) Word of mouth from current residents. 2) Sign posted at the rental. People in the area see it and tell other friends who might be interested, or even someone looking in the area. Realtors have been using this one for […]

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Letters to the Editor…

Posted on 08. Nov, 2012 by .

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Dan: In these days, it is so rare to be able to say, “My membership fees are worth every cent. Thanks for the great service.”  Marilyn’s constant, patient, well-informed responses to my questions for a rent controlled building are a huge help.     All the best, Sharon T.

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What Do Today’s Renters Want? – By Doug Miller and Mike Whaling

Posted on 08. Nov, 2012 by .

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SatisFacts and 30 Lines conducted a major national study titled “Getting Inside the Head of Today’s Online Renter” (www.TheOnlineRenter.com).  This article shares findings revealed by the study regarding renters’ technology preferences and how this feedback can be used to help improve staffing, customer service, communication and program efficiency.

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Let’s Get Some Change and Relief for Los Angeles Landlords! – By Bill Hooey

Posted on 08. Nov, 2012 by .

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For the past 30 years in Los Angeles, ever since landlords lost the battle over rent control in 1979, most landlords have remained politically inactive.  Whenever the Los Angeles City Council would vote on a housing matter, renter’s groups would often bring bus loads of people to council chambers and most times not many landlords […]

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About That “Housing Recovery” – By Cullen Roche

Posted on 08. Nov, 2012 by .

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I am beginning to see the term “housing recovery” all over the place these days.  I googled “housing recovery” and narrowed the results down to the last 30 days and 3,900 results show up.  It sure seems like the “housing recovery” has become a widely accepted fact.  Now, I’m no longer some big housing bear […]

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16 Common Investing Mistakes – By Tim Seth

Posted on 08. Nov, 2012 by .

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Below are common real estate investment field practices that can lead to disappointing results (mistakes) that, if allowed to do it again, should be avoided: 1. Not Sampling the Market Buying properties without thorough knowledge of current prices and practices.

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New and Unique Ways to Fill Your Vacancies – By Wright Thurston

Posted on 08. Nov, 2012 by .

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This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com As the saying goes, “Happiness is a positive cash flow.” Empty rental units do not produce positive cash flows. What vacancies do produce are sleepless nights, gray hairs, and negative cash flows. You need to have strategies in place that will […]

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FORECASTS & TRENDS National Debt Tops Record $16 Trillion – by Gary D. Halbert

Posted on 08. Nov, 2012 by .

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The US national debt topped $16 trillion in September and it was almost as if no one paid attention. At the rate we are going, the national debt will top $20 trillion just four years from now in 2016. In a previous column, I pointed out just how mind-boggling a trillion dollars is. Let’s revisit […]

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Something to Think About # 2: Mr. Dent’s Deflation – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 08. Nov, 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. We’ve been preparing ourselves for significant inflation once all this Qualitative Easing is no longer quite so fashionable, but we may have been wrong. The reason is that demographics – the […]

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

Posted on 08. Nov, 2012 by .

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Q: I have a tenant who is on a month to month rental agreement and his rent has not been increased for the past four years.  I would like to raise his rent from $1,000 to $1,200 per month.  How many days notice do I have to give the tenant? In California, you must give […]

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

Posted on 08. Nov, 2012 by .

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Question 1: My tenant in a two bedroom San Francisco unit wants to replace his roommate, after we just went through that process a few months ago. I have reviewed the Rent Board’s website, and they indicate that the tenant can only do this once every 12 months unless the tenant has ‘good cause’. But […]

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

Posted on 08. Nov, 2012 by .

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Question One: I recently bought an eight unit building where one of the units is not legal. What are the ramifications of renting out this unit? Answer One: If you are in Los Angeles, the consequences could be serious. The tenant can legally stop paying rent and you would be forced to pay relocation money […]

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Tree Law-Updated: Neighbor Chops Down Tree and is Liable for $107,256.00! – By Dale S. Alberstone

Posted on 08. Nov, 2012 by .

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In a most interesting case published by the California Court of Appeal on August 29, 2012, the Court determined that a neighbor who cut down a single 70 foot tall Aleppo Pine tree straddling the boundary line between two properties was liable to the adjacent owner for $107,256.00! The facts of the Kallis vs. Sones […]

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And AOA Files Grand Jury Complaint Against Los Angeles Rent Control Board

Posted on 05. Nov, 2012 by .

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success! And AOA Files Grand Jury Complaint Against Los Angeles Rent Control Board 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 […]

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Rent Control Wins Again! – By Peter Reitz

Posted on 05. Nov, 2012 by .

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Rent Control Wins Again! By Peter Reitz Over the past several decades, there have been a number of attempts to challenge rent price controls on the grounds that such restrictions amount to an illegal taking under the Fifth Amendment of the U.S. Constitution. One of the first decisions of this kind was Hawaii Housing Authority […]

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Landlords Who Violate This Will Face Civil Fines of up to $1,000 for Each Incidence! – By Patricia A. Harris

Posted on 05. Nov, 2012 by .

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On September 26th, 2012, Governor Jerry Brown signed SB1229 barring landlords from forcing renters to declaw or devocalize their pets to cut down on noise and property damage. The bill does not stop landlords from adopting a “no pets” policy however; SB 1229 does prevent owners from the following:

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Howard Jarvis Taxpayers Association Needs Your Help! – By John Coupal

Posted on 05. Nov, 2012 by .

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Dear Mr. and Mrs. Taxpayer – Right up front, let me tell you that I write this to ask you to make a special HJTA donation today of $335, $500 or more if you can afford it. HJTA needs your support because both Jerry Brown’s bogus state budget and his $9 billion dollar tax increase […]

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California Demon – By John H. Fund

Posted on 03. Nov, 2012 by .

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The below article was written by John H. Fund, a senior editor of The American Spectator and author of Stealing Elections (Encounter Books).  For more information or to subscribe, visit www.spectator.org. The latest unemployment numbers show the economic recovery stalling. But as weak as the national economy is, it’s nothing compared to the condition of […]

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