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Archive for February, 2013

Four Steps to Building a Powerful Property Management Incentive Program © – by Ernest F. Oriente

Posted on 02. Feb, 2013 by .

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Want to build a successful incentive program for your property management company?  Have you dreamt about finding ways to have more fun at work and still see big results?  At the heart of every employee incentive program

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Getting your Property Rent-Ready: You Only Have One Chance to Make a Great First Impression By Craig Berendt, Berendt Properties

Posted on 02. Feb, 2013 by .

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 The “Curb Appeal” Factor  As a leasing agent, whenever I go to preview a new apartment, the first thing I look at is the curb appeal and exterior appearance of a building. You never have a second chance

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The Fair Housing Coalition – Fighting for the Rights of Los Angeles Housing Providers – By Bill Hooey

Posted on 02. Feb, 2013 by .

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In December, our coalition turned three years old.  Currently, we have 193 members and we are growing each week.  On Thanksgiving Day, last year, I thought about what I had to be thankful for and I know that there are many things. Aside from that, I came to the following conclusion.  Even though my property […]

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Miami is “Booming” Like Never Before – By Nadja Brandt

Posted on 02. Feb, 2013 by .

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 Miami’s roller coaster real estate market is booming again after its worst crash left dozens of unfinished buildings and failed condo projects. Related Group of Florida, Adler Group and Area Property Partners LP, are among builders developing amid a shortage of rental

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The Future for Cities with Rent Control? Santa Monica Adopts Comprehensive Smoke-Free Housing Law – By Esther Schiller

Posted on 02. Feb, 2013 by .

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In October, 2012, the City of Santa Monica, a city with rent control, adopted a housing ordinance which requires all new vacancies in apartments and condominiums

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Tenant Loses Security Deposit Case – Court Says Landlord Acted Properly – By C.D. Publications

Posted on 02. Feb, 2013 by .

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[Editor’s Note:  Landlord Law & Multi-Housing Report includes expert analysis of the latest legal developments in the rental housing sector as well as news about the multi-housing market, landlord-tenant relations and successful

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Strong Home Sales – This is What Recovery Looks Like – By Mark J. Perry

Posted on 02. Feb, 2013 by .

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From Carpe Diem: In October of last year, we can see all of the essential elements of a housing recovery in markets like Houston and Austin: Rising home sales on a year-over-year basis for more than a year, rising sales volume, increasing

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Apartment Insurance Costs Increase for the Second Consecutive Year By Jim Lapides

Posted on 02. Feb, 2013 by .

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WASHINGTON,DC – The cost to insure apartments increased by 9.5 percent between 2011 and 2012, marking the second consecutive year of rising insurance expenditures according to the National Multi Housing Council’s (NMHC) Apartment Cost of Risk Survey (ACORS). The survey covers data from

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Six Ways to Speed Up Turnover Time – By Jeffrey Taylor

Posted on 02. Feb, 2013 by .

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After a resident moves out (or evicted) you don’t want a property sitting empty for a long time for several reasons. So here are six ways to reduce your turnover time:  You MUST put aside a portion of your received rents each month so that when the time comes you do have cash to hire […]

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Obamacare Guidance: The 3.8% Surtax on Investment Income and Capital Gains – By Peter S. Muffoletto, C.P.A

Posted on 02. Feb, 2013 by .

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The Internal Revenue Service has issued massive preliminary guidance after two years of no guidance whatsoever relating to the details of the new healthcare laws starting January 1, 2013. The tax aspects of this law is expansive and so complex that this will be

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Protecting Vacant Real Estate Property – By Hub International

Posted on 02. Feb, 2013 by .

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 In a time when layoffs and foreclosures are widespread, your firm may be forced to manage vacant real estate. The insurance risks and liabilities associated with owning vacant property can be extensive, and to ensure you are adequately protected, it is important to know

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Letters to the Editor…

Posted on 02. Feb, 2013 by .

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Dear AOA: Gary Halbert elected to reprint an article from Forbes Magazine which is a right wing leaning publication.  Obviously he agreed with the article. 

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A 10-Step Action Plan to Suppress Crime at Apartments – By Brent Sobol

Posted on 02. Feb, 2013 by .

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 1.      Know who is living in your apartments.  If they aren’t on the lease, politely ask them to leave; most of the time they oblige.  Have a police officer assist you when informing the unauthorized occupant that

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Signs Your Rental is a Drug House – By A. Kappauf

Posted on 02. Feb, 2013 by .

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When you make the decision to invest in rental property and entrust it to residents, you expect those residents to behave responsibly.  Once you hand over the keys, your rental property is in the hands of strangers

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You Can Recover Your Cost of Carbon Monoxide Detector Installation – By Patricia A. Harris

Posted on 02. Feb, 2013 by .

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As of January 1, 2013, owners of multi-family rental units, such as apartment buildings, were required by State law (Health and Safety Code 17926) to install carbon monoxide (CO) detectors. Carbon monoxide detectors have been required in all single family dwellings since

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How Does the “Right” Property Manager Enhance the Value of Your Rental Property? – By Cliff Hockley

Posted on 02. Feb, 2013 by .

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No property manager can execute perfectly, but the “right” property manager knows how to keep properties functioning and making money 24 hours a day, 365 days a year. What Sets These Property Managers Apart?

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Three Big Plans of Attack for Reducing Expenses – By Mike Butler

Posted on 02. Feb, 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, if you go belly-up from negative cash flow, you won’t need a long term […]

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FORECASTS & TRENDS Capitalism vs. Socialism – by Gary D. Halbert

Posted on 02. Feb, 2013 by .

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 These numbers are deeply disturbing to most [people who believe in our old American economic system of free enterprise.] The reasons should be obvious, and the trends are not in our favor. Today we look at a PewResearchCentersurvey that polled Americans for their feelings about capitalism versus socialism. The survey included all races, different ages […]

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Something to Think About #5 – The New Purchase – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710, MLO: 249261

Posted on 02. Feb, 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 LuLu.com. Phone calls this month have been less about loans and more about buying property. It’s the beginning of the year and folks are seriously considering another purchase. The questions generally […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 02. Feb, 2013 by .

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Question 1:  My tenant is complaining that his unit has habitability issues.  What are habitability issues and what are my responsibilities when my tenant makes such a complaint?

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Legal Q & A – By Richard Beckman, Attorney

Posted on 02. Feb, 2013 by .

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Question 1: We had a tenant break his 12-month lease and move out after only one month. We sent a letter explaining he must pay rent until we find a suitable replacement and received a letter back from his attorney stating that since the gentleman’s income comes solely from Social Security he is considered “judgment […]

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Legal Q & A by Dennis P. Block

Posted on 02. Feb, 2013 by .

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Question One: I recently purchased a rent controlled apartment building in the City ofLos Angeles. Some of the units have a rental agreement for the apartment and a separate agreement for their parking. Is there any advantage to this type of arrangement?

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Recent News About Laundry Leases and Easements (Plus an Update on Tree Law) – By Dale S. Alberstone, Esq.

Posted on 02. Feb, 2013 by .

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 Hello everybody.  This month I will focus on recent developments pertaining to laundry leases and easements.  Although the two topics are dissimilar, often they are both important to AOA members.

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Apartment Owners Targeted for Huge Tax Increase!

Posted on 01. Feb, 2013 by .

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That is, unless you and I raise our voices before they raise our taxes.  As you may have heard, you are a part of that “1%” the politicians talk about.  You see, they also look at your wealth even though they only talk about people with incomes of over $250,000 a year.  As long-time real […]

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