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Archive for December, 2012

Quitclaim and Grant Deeds – By Dale Alberstone, Esq.

Posted on 12. Dec, 2012 by .

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Hello everybody.  My discussion this month about deeds will brief you on an important point of law about which most lawyers, as well as many real estate attorneys, are misinformed.  The issue is, “Immediately prior to the moment a seller delivers a Grant Deed to a buyer for a parcel of real property, does the […]

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Three Easy Ways to Know Thy Apartment Competitor © – by Ernest F. Oriente, The Coach

Posted on 12. Dec, 2012 by .

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“Did you hear what our competitor is doing?”  This question has caused many property management professionals to freeze in their tracks.  What about you?  Does your leasing team know what your neighboring apartment communities are doing?  And if a future resident was to ask them, “give me 10 unique reasons why I should lease an […]

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The Seven Habits of Highly Effective Property Owners – By Lauren Boston

Posted on 12. Dec, 2012 by .

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It’s hard enough to budget the correct amount of money for Christmas gifts, let alone for an entire operating year in the multifamily housing industry. While it may not be a major crisis if the Justin Bieber poster you promised your daughter for her bedroom wall is five percent more expensive than you anticipated, it […]

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Why Should You Use Guest Cards for Prospective Tenants? – By Joyce Kirby

Posted on 12. Dec, 2012 by .

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Whether you have several vacancies and upcoming notices to lease or you are down that last “net to rent”, you must still qualify your prospects in order to ultimately secure the rental.  How you remember and record the needs and preferences of your callers and visitors is just as important as obtaining the information in […]

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QE3 QED: How the Latest Round of Quantitative Easing May Affect the Apartment Industry – By Patrick Simons

Posted on 12. Dec, 2012 by .

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Predicting how the recent quantitative easing announcement (“QE3”) from the Federal Reserve (the “Fed”) will affect your business is a complex undertaking.  But, if we focus on just a few economic indicators, it’s QED (quite easily done).

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10 Ways to “Turn-off” Potential Renters – By Rebecca Rosario

Posted on 12. Dec, 2012 by .

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As individuals, we all have our own little pet peeves.  What may turn off one prospect may not bother another.  As apartment professionals, we cannot afford to turn off a single customer, and image is everything. Keeping our communities neat and clean is not only easy to do, it is generally an inexpensive way to […]

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As a Landlord, What Are You Doing Differently to Survive? – by Violet Wilson

Posted on 12. Dec, 2012 by .

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Times are a-changing.  Individuals are losing jobs and struggling to make rents.  Consider the following to keep your rentals occupied. Broaden Qualifications Broaden the scope of what is deemed passable on a credit report.  A past medical problem or loss of job can ruin credit.  Have they paid promptly in the last two years?  Did […]

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HJTA Files Class Action Lawsuit Against Fire Tax and Guess Who Wants to Raise Your Taxes? – By Jon Coupal

Posted on 12. Dec, 2012 by .

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Sacramento – Recently, the Howard Jarvis Taxpayers Association filed a class action lawsuit to provide relief to nearly one million California property owners who received bills from the State for a new “fire prevention fee” which the lawsuit claims is illegal.

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Obamacare Capital Gains Tax Income Starts January 1, 2013! – By Peter S. Muffoletto, C.P.A.

Posted on 12. Dec, 2012 by .

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The Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010, otherwise as it has become known as Obamacare imposes a 3.8% Medicare contribution tax on all net investment income of higher-income individuals as of January 1, 2013

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Lisa’s Laws of Landlording – What Every Owner Should Know – By Lisa Moren-Bromma

Posted on 12. Dec, 2012 by .

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This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com Recently, I made a presentation to a group of real estate investors on the subject of landlording. Specifically, how to determine if your marketplace is one for holding real estate, the pros and cons of being your own property manager, as […]

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Christmas Safety Tips for Landlords and Their Tenants – By Sharon Vornholt

Posted on 12. Dec, 2012 by .

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Landlords are always concerned about safety issues in their investment property. But there is no better time than during the holidays, to remind your  tenants of some basic steps they can take to keep themselves and the property they live in safe.Holidaydecorations present many “opportunities” for landlords to encounter additional liability.

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FORECASTS & TRENDS Our “Wonderful” Government – by Gary D. Halbert

Posted on 12. Dec, 2012 by .

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IRS Doles Out $6.8 Billion in Refunds to Illegals The Internal Revenue Service regularly issues something called Individual Tax Identification Numbers (ITINs) to people living in the US, but who are not eligible for a Social Security number. The ITIN program was created in 1996 so that these people can file tax returns. However, most […]

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Something to Think About # 3: Mr. Dent is Wrong – Probably By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 12. Dec, 2012 by .

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From CNBC: The latest round of extraordinary Federal Reserve stimulus is risky and leaves little room to maneuver should another crisis hit, economist Lawrence Lindsey told CNBC’s “Squawk Box” on Wednesday. Lindsey said that with the Fed purchasing at least $40 billion a month in mortgage debt through QE3, “they are buying the entire deficit.” […]

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Legal Q & A’s Purchasing Foreclosure Properties – by by Franco Simone, Esq. San Diego

Posted on 12. Dec, 2012 by .

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Q:  I purchased a house at foreclosure and discovered that the tenants living inside the home have a one year lease agreement with the previous owner.  The rent that they are required to pay is the fair market rent.  Do I have to honor this agreement?

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Legal Questions and Answers – by Richard Beckman, Attorney Northern CA

Posted on 12. Dec, 2012 by .

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New Laws for 2013 For this edition of the AOA Northern California Question and Answer column, I have been asked if there are any new laws starting January 1, 2013 that might affect property owners and landlords. There are several, and many of them involve foreclosure proceedings as they affect tenancies. Below is a survey, […]

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

Posted on 12. Dec, 2012 by .

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Question One: I have a tenant who broke a bathroom faucet that cost $300. I replaced it with a temporary faucet costing $49.00. I would like to replace it with a similar faucet, like the one that was broken. I am asking the tenant to reimburse me for the new faucet, with no luck. What […]

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“Let’s Celebrate Success and Get Rich!”

Posted on 10. Dec, 2012 by .

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Success is what apartment ownership is all about!  We work, save a part of all we earn and then invest our savings in providing housing for others.  The politicians did not see us when we lived frugally and did without, in order to save enough for a down payment on an apartment building. “Instant gratification” […]

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Don’t Be Fined! Carbon Monoxide Detector Deadline is Next Month! By Patricia A. Harris

Posted on 02. Dec, 2012 by .

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Consider this a friendly reminder that new requirements for carbon monoxide (CO) detectors kick in on January 1, 2013. Effective on that date, (next month), all rental housing units will be required to be equipped with CO detectors. The below information has been obtained from the office of the Fire Marshall for State of California […]

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December Holiday Ideas for Multifamily

Posted on 02. Dec, 2012 by .

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A warm inviting smile from our staff is the perfect crowning glory to your holiday decorating efforts. Greet everyone with a warm welcome and ensure your faces and attitudes reflect the same joyous message that is presented by your community décor. Nobody wants to lease an apartment from The Grinch! Don’t be distracted by the […]

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New Legislation that Affects Landlords By Noni Richen, SPOSFI Board Member

Posted on 02. Dec, 2012 by .

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New Legislation that Affects Landlords By Noni Richen, SPOSFI Board Member AB 1953 (Ammiano): Tenant Notice AB 1953 expands on the existing requirement that, after an ownership or managerial change of a rental property, the tenant must be given formal notice of the change and provided with the name, phone number, and address of the […]

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