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Archive for March, 2013

Landord Ordered to Pay Double Damages Over Security Deposit – By CD Publications

Posted on 11. Mar, 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 management strategies.  Rental housing laws vary from state to state and some may not be applicable to California; however, most cases contain valuable […]

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Something to Think About #6: Loans and Locations – By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261

Posted on 01. Mar, 2013 by .

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LOANS                      Lenders are risk adverse and have long memories. By now they’ve pretty much learned that there are some places where they have more loan losses and some places where they have fewer. Loan losses are minimized in “preferred” areas where there is the expectation of continued high demand. That means that if (in lender’s […]

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Save Proposition 13! What Taxpayers Should Know About Brown’s Budget – By Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Mar, 2013 by .

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We’ve always thought it a bit odd how every January, when the Governor releases the proposed state budget for the following fiscal year, there is barely a drop of ink used by the main stream media about the impact to citizen taxpayers. Sure, as a spending document, the interests that receive government largesse – welfare, […]

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MRLANDLORD.COM TIPS ON MANAGEMENT

Posted on 01. Mar, 2013 by .

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 27 Landlord “Never Agains”  Once a landlord has been in business a while and learned a few things “the hard way” there often comes a point where he or she stops and makes the declaration, “NEVER AGAIN!” Well, the following is a list of those shared by landlords nationwide to help them avoid very costly problems […]

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Tenants Booted For Daily ‘Babysitting’ Daughter’s Pooch – By CD Publications

Posted on 01. Mar, 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 management strategies.  Rental housing laws vary from state to state and some may not be applicable to California; however,

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The Tax Man Cometh for Your Real Estate Income! – By Jenee Hilliard

Posted on 01. Mar, 2013 by .

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As part of the financing of Obama Care, Congress created Internal Revenue Code Section 1411, which created a new 3.8% Medicare tax.  The new Medicare tax took effect on January 1st and will apply to net investment income of individuals with a modified adjusted gross income of at least

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You Can Avoid Lawsuits with Good Tenant Relationships – By Hub International

Posted on 01. Mar, 2013 by .

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Investing the time and money required to maintain and cultivate a positive working relationship with your tenants can be the difference between amicably discussing and settling differences and a costly lawsuit. Working on the relationship also creates

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Legal Q & A Abandonment of Personal Property – by Franco Simone, Esq.

Posted on 01. Mar, 2013 by .

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Q:  I served my tenant with a three day notice to pay rent or quit and he moved most of his belongings out during the three day period but he did leave some of his personal property behind.  What am I required to do with the things he left behind? When a tenant leaves property […]

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Letter to the Editor…

Posted on 01. Mar, 2013 by .

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Rent Control Hurts Everyone Dear AOA: Peter Reitz, in his November 2012 article “Rent Control”, is quite right that rent control is an illegal taking of the landlord’s assets. Costs continue to rise, but the allowed rent doesn’t keep up with the costs. Suddenly the landlord is working for nothing. He may even be losing […]

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Housing Discrimination Case Costs Owners Over $10.5 Million Dollars! By Jo Becker

Posted on 01. Mar, 2013 by .

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On June 25th, 2012, the Department of Justice (DOJ) announced its largest ever disability related settlement that also included the departments largest civil penalty in any Fair Housing Act (FHA) case.  The case was one that centered on the FHA’s disability protections and design and construction requirements and was settled for a record $10.5 million […]

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Coming Next Month! The FREE Trade Show and Landlording Conference

Posted on 01. Mar, 2013 by .

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You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month.  The big show will be held on Thursday, April 25th at the Long Beach Convention Center in Hall C, 300 East Ocean! You’ll meet vendors galore with new products and services; you can attend FREE landlording […]

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How to Collect on Judgments – By Nick Sidoti, R.A.M., Dr. Ca$h Flow

Posted on 01. Mar, 2013 by .

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Q: My tenant moved out, but they left owing me money for back rent and damages. I went to court and got a judgment. Do you have any suggestions on how I can collect the money they owe me on this judgment?

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The Secret Your Tenants Hope You Never Discover!

Posted on 01. Mar, 2013 by .

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Do you want to avoid costly mistakes when screening your prospective tenants? Read on to discover the secret I recently uncovered while doing a special study to find the best source of tenant information. The AOA Study It all started when we decided to retest and make certain that we were still using the best […]

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The Most Dangerous Tenant – by Brendan O’Brien

Posted on 01. Mar, 2013 by .

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I thought I had checked everything with this prospective tenant. He had a good report from his previous landlord. He had worked at the same company for five years. His credit was fine. And he seemed like a responsible person.  But he would turn out to be the worst tenant I ever had. He drank […]

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Coming Next Month! The Big Trade Show and Landlording Conference And The Secret Your Tenants Hope You Never Discover!

Posted on 01. Mar, 2013 by .

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The Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Thursday, April 25th at the Long Beach Convention Center in Hall C, 300 East Ocean! You’ll meet vendors galore with new products and services; you […]

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How to Respond to E-Mail Generated Leads – By Jeremy Lawson, NALP

Posted on 01. Mar, 2013 by .

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Did you know appointments are FOUR TIMES more likely to lease than your regular walk-in traffic?  Each time you get a lead via fax or e-mail is another great opportunity for you to get a lease and make more money!  Make sure the first impression your prospects get of your community is the best one.  […]

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27 Tips to Prevent Rental Application Fraud – How to Spot a Fake – By Brent Sobol

Posted on 01. Mar, 2013 by .

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Rental application forgery is an all-too-common -but often unpublicized—problem in the multifamily housing industry. At a recent Apartment Managers Crime Prevention workshop, property managers and members of the Atlanta Police Department Major Frauds department compiled a list of tips and techniques to detect and hopefully prevent

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Legal Q & A – by Dennis Block

Posted on 01. Mar, 2013 by .

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Question One: I have a tenant who has vacated his unit with six months left on his lease. Even though he vacated, he is continuing to pay the rent. I know I have an obligation to find a new tenant. Am I allowed to advertise the unit for a higher rental amount? At this point, […]

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First Impressions: How to Get Prospective Residents to Stop at Your Building – By Robert Cain

Posted on 01. Mar, 2013 by .

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What is it that gets good prospective residents to stop their cars and look at a rental property?  Most often, it is seeing something that would make them proud to make it their home.  They don’t want to be ashamed of where they live; rather they want to be proud to have their friends

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Time to Give Up or Time to Fight On? – An interview with Larry P. Arnn

Posted on 01. Mar, 2013 by .

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Dan’s Note: The following article is adapted from an interview by Hugh Hewitt for the Hugh Hewitt Radio Show conducted on the day after the election November 7th, 2012.  It could just as easily apply to rent control, inspections, evictions and

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Parking Space Rental Tax is Now Law! – By David Fix, SPOSFI member

Posted on 01. Mar, 2013 by .

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If you rented a parking space to a non-occupant of your building, you have six months to take advantage of the Parking Tax Amnesty Program. The amnesty period is from January 1 through June 30, 2013. We have published a number of articles about this legislation, and it is now the law

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What is Hoarding and How Should a Landlord Deal With It? – By Bruce Kahn, CCIM, CPM

Posted on 01. Mar, 2013 by .

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Thinking I would start with a definition of hoarding, I went the Merriam-Webster dictionary – “to collect and hide a large amount of valuable items.”  Obviously, Merriam-Webster never owned rental housing.  Undaunted in my search, I went to Wikipedia and found what I was looking for.  Hoarding, also know as pathological collecting, is a pattern […]

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Top 5 Ways to Protect Yourself Against Problem Renters – By Tim Parket

Posted on 01. Mar, 2013 by .

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Renting seems like the perfect way to mitigate the costs of an extra home that won’t sell; the intended course of action when a property was purchased for an unbelievable price, or many of the other reasons that people become landlords.  Although it seems like a fail-proof plan on the surface, becoming a landlord can […]

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“Back-Up” Offers: Be Cautious! – By Dale Alberstone, Esq.

Posted on 01. Mar, 2013 by .

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Hello everybody. Let’s discuss “back-up” offers this month as they often occur in connection with the sale of apartment buildings, as well as other types of real property. Real estate purchase contracts frequently contain a provision that the seller may receive back-up offers even though the seller has an accepted offer with the buyer and […]

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