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Archive for February, 2014

Resident Retention – A Turn Costs What? – By Jen Piccotti

Posted on 01. Feb, 2014 by .

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Turnover. We’re always going to have it. In some cases, turnover is good – saying goodbye to a delinquent or unruly resident who sucks up valuable staff time and resources. Some cases are uncontrollable – a resident is relocating to a new cityor state, or they are buying

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TICs: The Last Frontier in the Battle for Homeownership in San Francisco – By Deborah Lopez

Posted on 01. Feb, 2014 by .

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Once again, tenant activists are up in arms over a so called epidemic of evictions, “the most severe crisis in 40 years” according to the SF Tenants Union. The reason?  The creation of homeownership opportunities in the form of Tenancy-in-Common (TIC) units for people who are now tenants. Any increase in the

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Property Management Field Coaching…How To Do It And Why It Works? © – by Ernest F. Oriente, The Coach {Article #212…since 1995}

Posted on 01. Feb, 2014 by .

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You’ve hired a property management SuperStar and the classroom training for your new employee is finished.  As their manager, is training really complete?  Not a chance!  Field coaching is the next step and the most important part of a well-rounded and

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Quicker Cash Flow With Multi-Units – By Jay P. DeCima

Posted on 01. Feb, 2014 by .

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Fix-up or adding value to real estate is one of the best and safest investment strategies for ordinary do-it-yourself investors who need to earn extra income as soon as possible, don’t have a great deal of money to invest but are willing to help themselves by pitching in doing some of the “non-technical” labor to […]

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Retirement Planning for Property Owners – “It’s Never Too Early to Retire!” – By Bob Cannon

Posted on 01. Feb, 2014 by .

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The vast majority of the investment property owners I know are millionaires.  They have all labored diligently for many years to create their net worth.  The problem is they don’t feel like millionaires and they don’t live like millionaires because their “money” is actually equity trapped in their properties.  The old expression “dirt rich and

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Don’t Say No to Renters IF… – By L. Paul Smith

Posted on 01. Feb, 2014 by .

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This year while at a conference, I had dinner with a friend who used to own a property management company.  He now owns a bigger property management company inLas Vegas.  While we were talking, he reminded me of a phrase he learned10 years at a training and told me how following that advice has helped […]

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Inside the Mind of Today’s Renter – What They Really Want – By Bob Pifke, Chief Marketing Officer, Real Property Management

Posted on 01. Feb, 2014 by .

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The amount of total rental households in theUSis expected to reach 46.8 million by 2015.  With crippling student loan debt affecting young people’s ability to buy a home, it’s been predicted that a large portion of these renters will be

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Higher Taxes for Californians! – By Jon Coupal

Posted on 01. Feb, 2014 by .

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Assembly Bill 8 was signed by Governor Brown and became law. This is horrible news for taxpayers because California motorists will now be paying $2.3 billion in additional taxes and charges. Adding insult to injury, taxpayers will find their hard earned dollars being used to subsidize programs such as

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Top Five Tax Tips for Real Estate Investors – By Phil Pustejovsky

Posted on 01. Feb, 2014 by .

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Are you maximizing your tax savings in your real estate investing business? Now is a great time for you to make sure you have structured your investing operation properly so you take full advantage of the

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Who Was Thomas Jefferson? – By Anonymous

Posted on 01. Feb, 2014 by .

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Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped.

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7 Online Marketing Ideas for Landlords on a Small Budget – By MrLandlord.com

Posted on 01. Feb, 2014 by .

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Most rental owners are on a tight budget, especially when it comes to marketing. Times are hard and many landlords feel like they don’t have a lot of money to invest on advertising and marketing.  The irony is, not marketing your business will have

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How to Avoid Pain and Suffering (Yours) When Renting to Roommates – By Robert Cain

Posted on 01. Feb, 2014 by .

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Fred and Joe want to share an apartment. They fill out a rental application. Everything seems all right, and you rent to them. Both of them sign the rental agreement. Two months later you get a check from Fred for half the rent, but nothing from Joe. Fred says Joe doesn’t have

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10 Ways to Find $10,000 on Your Property – By John Wilhoit, Jr.

Posted on 01. Feb, 2014 by .

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When people find money, it is usually in small increments like a jar of change or that lost $20 in an old pair of jeans.  Following below are ideas on finding $10,000 this year on your property.  Some of these ideas can produce $10,000 by themselves.  Some may

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The Importance of the Move-In Inspection – By Robert Griswold

Posted on 01. Feb, 2014 by .

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The number one source of resident/landlord disputes is the disposition of the resident’s security deposit.  Many of these potential problems can be resolved with proper procedures even before the resident takes possession of the rental by using

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Security Deposit Refunds: Carpets, Painting and Interest – By Patricia A. Harris

Posted on 01. Feb, 2014 by .

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Probably two of the most asked questions when returning security deposits is:  “Can I charge my tenants for carpet cleaning and painting?” and “Must I pay interest on my security deposit?”  This article will address

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The New Smoke Detector Law – Revisited – By Michael A. Brennan, Eviction Attorney

Posted on 01. Feb, 2014 by .

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A couple months ago, I wrote an article about the new smoke detector law which generated a bit of confusion among landlords due to the fact that the original law (SB 1394) was amended by SB 745 shortly before my article was published. This article

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Nationwide Economics – One Landlord Defends the Rental Business – By Porter Stansberry and Sean Goldsmith

Posted on 01. Feb, 2014 by .

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Americais becoming a giantDetroit… our government’s current fiscal policy is destroying our nation. Everyone in the financial media was focused on who will replace

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Something to Think About # 17- Showing Up – By Klarise Yahya, Commercial Loan Broker BRE: 00957107 MLO: 249261

Posted on 01. Feb, 2014 by .

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Showing Up Everybody wants something but it doesn’t always happen, and that was how I spent the last two years of high school. I wanted to go to Europe with my (chaperoned) youth group the summer before my senior year. I baby-sat and tutored and saved every dime I could, but my trip to Europe […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Feb, 2014 by .

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Question 1: We have notified the tenants in our duplex that we will not be renewing their one year lease. The end of their lease is February 28. The tenant called yesterday and said she had been very busy with work and had not had the time to do

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Feb, 2014 by .

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Question One: Recently, I had a tenant vacate a unit and he left several items. I presumed that these items were abandoned so I put them in storage and after two weeks, I disposed of them. I have now received a letter from this tenant demanding his belongings or he will sue me for

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By the Way, What is Wrong with Hearsay? (Plus a Reminder on the New Resident Manager Laws) – By Dale Alberstone, Esq.

Posted on 01. Feb, 2014 by .

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Hello everybody.  A huge amount of knowledge that each of us possess was acquired in reliance on hearsay.  For example, when we learned from our history books that Columbus discovered Americain 1492, or when our science teacher taught us that there are seven principal colors in

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The State Causes the Poverty it Later Claims to Solve – by Andreas Marquart

Posted on 01. Feb, 2014 by .

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If one looks at the current paper money system and its negative social and social-political effects, the question must arise: where are the protests by the supporters and protectors of social justice? Why don’t we

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