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Archive for January, 2013

Three Big Plans of Attack for Reducing Expenses By Mike Butler

Posted on 31. Jan, 2013 by .

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If you discover you have negative cash flow, you must take action now to turn it around.  Correcting negative cash flow involves doing things NOW to stop the bleeding. It might conflict with a conservative long-term investment game plan, but remember,

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Tips to Prepare for a Wet Season: Rain or Shine, Be Prepared! Interview with Mark Sanchez, ACC Environmental Consultants, Inc.

Posted on 04. Jan, 2013 by .

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Water intrusion happens, whether it’s from a heavy rain, flood or plumbing malfunction, when it occurs it’s important to know how to battle mold growth.  In this interview, Mark shares his tips on how to keep water out of your building and prevent a mold problem from starting and turning hazardous.

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Dealing With the “Uninvited” Subtenant – By Henry Karnilowicz, SPOSFI President

Posted on 04. Jan, 2013 by .

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What do you do if you learn that your tenant has moved in a roommate without your permission?  This topic comes up often in our monthly Legal Panel and is one in which we devoted an entire meeting to.  Some of you reported that you are presently experiencing what you believe to be unwarranted occupancies […]

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Three Ways to Track Your Apartment Advertising Like a Hawk © – By Ernest F. Oriente, The Coach

Posted on 04. Jan, 2013 by .

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Tired of pouring endless money into advertising?  Do you wonder which ads are “REALLY” working for the properties you manage?  Would you like a bullet-proof system for capturing the results from your advertising?  Below are three concepts that will enable you to track your advertising like a hawk!  Really, it’s that simple!

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Five Things Landlords Want from Vendors – By Teresa Billingsley

Posted on 04. Jan, 2013 by .

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Doing repairs on rental properties and interacting with tenants adds a whole new component to maintenance. Vendors who recognize the intricate skill and experience required to get the job done are an asset to rental property owners. If you master these five areas and consistently perform them well you will make yourself more marketable.

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2013 Brings New Water Heater Requirements – By Tom Squier

Posted on 04. Jan, 2013 by .

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January 1st, 2013 means a new beginning, resolutions, or maybe just too many bowl games or not enough…you decide. For us, the New Year represents the fundamental transformation of the commercial water heater industry as we know it.

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4 Super Landlord Tips and How to Collect on Tenant/Eviction Judgments – By Jeffrey Taylor

Posted on 04. Jan, 2013 by .

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Super Landlord Tip 1 Include in your lease the following wording: “Resident agrees to pay Landlord a service charge of $25 if it is necessary to deliver a legal notice for any violation of the rental agreement to this address.”

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Choosing the Right Vendor for Your Property – By Cliff Hockley

Posted on 04. Jan, 2013 by .

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In over twenty six years as a property manager, we have been faced with numerous challenges with our vendors.  Let me give you a few examples:

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Letters to the Editor…

Posted on 04. Jan, 2013 by .

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Dear AOA: We continue to find membership with AOA invaluable and want to thank so many of you in your valley office these many years.  Specifically, Marilyn has always been fantastic as has Karen, Toni and Shelly – thank you all again.  Good service should always be commended as well.  Regards, John B. Patton

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Is It Mold or Mildew? – By James F. McClung, Jr.

Posted on 04. Jan, 2013 by .

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Property owners and management companies know how hard it is to find and keep good tenants.  If a tenant complains about suspected mold, it’s important to take it seriously.  Having vendors in place, (mold consultants and remediation contractors), allows a property owner or management company to react quickly to a mold complaint.  A quick reaction […]

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Why is Mold Testing Necessary? You’ll Be Surprised! – By By Jason Harris

Posted on 04. Jan, 2013 by .

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Test Only Property managers need to perform a certain amount of due diligence when investigating the frequent occurrence of tenants who complain about mold.  Sometimes there is a problem, other times there is not. A test only company will perform an inspection of the unit, collect moisture readings, and collect samples to confirm or rule […]

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How to Best Protect your Deck this Winter – By Frank Castillo

Posted on 04. Jan, 2013 by .

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An important priority for many homeowners is protecting their investment by keeping their home as clean and well-maintained as possible.  Plumbing, landscaping, and remodeling are just a few common things that homeowners seek to improve when it comes to maintaining the look and functionality of their homes.   But, what about deck maintenance?  Protecting one’s deck […]

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Bringing Apartment Veterans into the Digital Age – By Pavan Gudapati

Posted on 04. Jan, 2013 by .

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Ben is like a lot of savvy longtime apartment owners.  He’s been in the multifamily game since the early 80s and has gradually built up a solid, impressive portfolio of profitable buildings.  Whether its issues with tenants, vendors or dealing with rough neighborhoods, he’s never been afraid to get his hands dirty.  Gang members have […]

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New Landlord Laws For 2013 – By Michael A. Brennan, Esq.

Posted on 04. Jan, 2013 by .

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Well, the New Year is quickly approaching and, with it, a new round of laws affecting landlords. On September 30, 2012, Governor Jerry “Moonbeam” Brown signed several bills into law which, in one way or another, directly affect landlords. Each law is set forth below with its original Bill designation, as well as the law’s […]

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How to Be a More Successful Landlord in 2013 – By Jay P. DeCima

Posted on 04. Jan, 2013 by .

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Operating rental properties and dealing with your tenants are not separate jobs.  They are inseparable parts of landlording.  I owe a great deal of my real estate success to my landlording abilities.  Some folks argue that professional property managers are paid a decent percentage of the gross rental income to relieve owners of this thankless […]

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One Real Estate Indicator is Yelling “Buy” – By Chris Mayer

Posted on 04. Jan, 2013 by .

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I just locked down a 2.875% interest rate, fixed for the 15-year term of the mortgage. No points. With rates like these, I find myself rethinking the idea that I want to pay off my mortgage. I can do a lot better than 2.875% investing the money. If I just sock it away in gold, […]

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Something to Think About #4 – Cash Flow or Appreciation? – By Klarise Yahya, Commercial Loan Broker,DRE: 0095710, MLO: 249261

Posted on 04. Jan, 2013 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 www.lulu.com    A correspondent recently presented the question: should she buy her next building in a bread ‘n butter area and benefit from a higher cash flow, or should she buy in a […]

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Legal Q & A – By Richard Beckman (Northern CA)

Posted on 04. Jan, 2013 by .

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Question 1: A tenant recently got a DMV handicap plate and he requested a handicap parking space. What are the requirements for the landlord to provide him with a handicap parking space? He has a carport parking space presently. The apartment complex is 17 units and has 25 parking spaces.

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Legal Q & A – By Dennis P. Block, Attorney (Southern CA)

Posted on 04. Jan, 2013 by .

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Question One:  I have a rent controlled unit in the City ofLos Angeles. Last month I increased my tenant’s rent, the annual raise of 3%.  I now realize that an additional person is occupying that premises. Am I entitled to raise the rent again, or do I have to wait another year to do so? […]

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The 5th Amendment and Your Privileges Not to Testify – By Dale Albertstone, Esq.

Posted on 04. Jan, 2013 by .

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As a whole, apartment owners are law abiding investors who try to conduct their business in an honest fashion.  Indeed, they have too much to lose to intentionally violate the myriad of federal, state and local laws that apply to residential income property.    Occasionally, some transgressions will unintentionally (or even willfully) occur, such as […]

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From Pool Boy to Entrepreneur

Posted on 04. Jan, 2013 by .

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The average Nicaraguan is born in a shack with a dirt floor and earns less than $60 per month. Enrique, my handyman/gardener in Nicaragua, does better than that. He makes about $150 per month in salary and another $50 or so in tips and side jobs. In theUnited States, Enrique could earn that much in […]

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How to Avoid Trouble and Save Money in 2013! – Southern CA By Patricia A. Harris

Posted on 02. Jan, 2013 by .

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Along with the ever-changing laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, more enjoyable. AOA […]

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Three New Year’s Resolutions to Achieve Investment Property Profitability By Kathy Wilcox

Posted on 02. Jan, 2013 by .

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You know that old adage, “The only constant in life is change.” I think this especially applies to the business of managing investment property. Wouldn’t it be nice to know which changes will occur so we can anticipate and control them or at least navigate in ways that benefit us? But we can only affect […]

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How to Avoid Trouble and Save Money in 2013! – Northern CA – By Patricia A. Harris

Posted on 02. Jan, 2013 by .

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Along with the ever-changing and newly adopted laws, AOA advisors encounter landlord situations that are overlooked, can be confusing, are sometimes neglected and have become very costly to many property owners. It is our continuous goal to aid and support you in making this business of providing housing for others more profitable, easier and yes, […]

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