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Archive for November, 2013

Sunbelt Migration: Why American Renters are Moving South – By Cliff Hockley

Posted on 01. Nov, 2013 by .

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Many different variables drive the demand for apartment housing. Tenants consider location, tax policy, employment, tenant age, location of family members, availability of healthcare and

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Legal Q & A – Retaliatory Evictions – by Franco Simone, Esq.

Posted on 01. Nov, 2013 by .

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 My tenant reported me to the city for multiple code violations without even notifying me of them first.  I was frustrated that I received the code violation notices from the city and was not given

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Nov, 2013 by .

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Question 1: Are there new rules regarding being able to enter the tenant’s unit on weekends? I heard the landlord’s right to require access has been expanded to include

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Legal Q & A – By Dennis Block, Attorney

Posted on 01. Nov, 2013 by .

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Question One: I have a tenant who has been in my property for 10 years and now is complaining of bedbugs. I believe that they brought them into their apartment. What is my responsibility to

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Three Key Steps for Grooming New Property Management SuperStars © – by Ernest F. Oriente

Posted on 01. Nov, 2013 by .

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Grooming new SuperStars is the easy part.  The tough part is having a system to hire the best candidates today…who will be the leaders in your property management company, tomorrow.  Follow the three steps

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Investment Real Estate – Today’s Best Business Opportunity – By Jay P. DeCima

Posted on 01. Nov, 2013 by .

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A housing entrepreneur is what I call myself.  I’m a business person with real estate assets.  I own rental houses and my customers pay me monthly rents.  Housing entrepreneur sounds somewhat different than

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Keeping Two Sets of Books – By Jon Coupal

Posted on 01. Nov, 2013 by .

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It’s been said that after Al Capone was sentenced to prison for tax evasion in 1931, his chief financial and legal advisor, Jake “Greasy Thumb” Guzik, told other mobsters how to avoid

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Los Angeles Housing Department REAP!! – By Dale Alberstone, Esq.

Posted on 01. Nov, 2013 by .

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Hello everybody.  My topic this month will not be similar to the typical “Los Angeles Housing Department bashing” or “REAP bashing” articles you have undoubtedly read in various apartment trade publications during

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Letter to the Editor

Posted on 01. Nov, 2013 by .

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Dear Mr. Faller: I am writing to express my appreciation and fondness for one of your associates, Mr. Michael Brennan. I recently began managing an apartment building that my mother owns. My father used to manage it, but after he passed away two years ago, the task fell to me. It has been an uphill […]

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Should You Give Your Tenants Holiday Gifts? – by Nick Sidoti, R.A.M., “Dr. Cash Flow”

Posted on 01. Nov, 2013 by .

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Question:  Dear Nick – What is your opinion on tenants’ gifts and the holidays? I’ve talked to other investors that give their tenants a reduction in rent

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How to Report Bad Tenants and Collect on Judgments – By Patricia A. Harris

Posted on 01. Nov, 2013 by .

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Did your tenant skip out owing you rent?  Did they cause so much damage to your unit that it cost thousands to repair?    Were you so relieved to finally get rid of them that you

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Top 10 Myths Preventing People from Succeeding in Real Estate Investing – by Attorney William Bronchick, Legalwiz.com

Posted on 01. Nov, 2013 by .

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The following are the top 10 reasons people use for not succeeding in real estate investing. If I offend anyone with this list, it probably means I’m right on track!

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The End of Rent Control, the Catastrophe in Capitola and the Great Santa Cruz Land Swindle – by George Drysdale

Posted on 01. Nov, 2013 by .

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As we learn in economics classes, just about the worse form of price control is price fixing land rents (rent control).  Property rights at first and then financial damage to the community are enormous.  In theU.S.A., rent controls are

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You Can Benefit By Providing Your Residents with Great Service – By Toni Blake

Posted on 01. Nov, 2013 by .

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Ask any manager today, “Who is your favorite resident?”  He or she will probably tell you the one who drops the rent in the night deposit, is never late and never comes to the office to complain.  These residents are great – move them in and they leave you alone! Some of us will agree […]

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How to Properly Market Your Vacancy – By Svetlana Kazak

Posted on 01. Nov, 2013 by .

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Marketing consists of many factors that heavily depend on the person who is interested in your property. Throughout my experience as an intern (and answering hundreds of calls a week), I have easily been able to identify the

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Ways Tenants Scam Landlords and How to Beat ‘Em!

Posted on 01. Nov, 2013 by .

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Just when you thought your job as a landlord was difficult enough and even with due diligence in collecting proper proof of income from applicants, you could be getting scammed.  It’s a sad world today, with bad people thinking

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Top 10 Features of a Profitable Rental Property – By Andrew Beattie

Posted on 01. Nov, 2013 by .

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From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done.  This task may be daunting for the first-time investor.  Owning property is a tough business and the field is peppered with

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17 Ways to Protect Your Rental Investments and Reduce Chances of a Liability Loss – By Gary J. Edie, CIC

Posted on 01. Nov, 2013 by .

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  Conduct  a smoke detector battery exchange twice  a year at all properties.  Keep  alog of the exchange with tenant’s acknowledgement. Perform routine maintenance and have

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The Claptrap Behind the Minimum Wage Debate – By Bill Bonner, Chairman, Bonner & Partners

Posted on 01. Nov, 2013 by .

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New York seems to have more than its fair share of knuckleheads.  Paul Krugman and Tom Friedman are both stalwart columnists in The New York Times. And there’s staff writer James Surowiecki at the New Yorker magazine. More about that

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Some of Your Residents Want to Pay You More! – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Nov, 2013 by .

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Many landlords have a “My way or the highway” attitude, and THAT attitude limits their income. We MUST be in tune with our residents’ thinking and life-needs so we can

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Something to Think About #14- Measures of Value – By Klarise Yahya, Commercial Loan Broker, DRE: 00957107 MLO: 249261

Posted on 01. Nov, 2013 by .

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Value means different things to different people. To a banker, loan value is determined by whether or not the building is likely to generate enough income to pay its expenses and meet debt coverage ratio (DCR) guidelines. It meets

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Gauging Your Liability in Case of Tenant Injury or Death in an Earthquake – By Peter Reitz and Lee Kanon Alpert, Attorney at Law

Posted on 01. Nov, 2013 by .

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On April 9, 2013, the San Francisco Board of Supervisors passed an ordinance making it mandatory to seismically retrofit approximately 2,800 soft-story buildings, those defined as wood-frame residential structures with five or more units and three or more stories with weak first stories. There are roughly 4,300 such buildings. Owners are required to pay a […]

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