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Archive for March, 2014

The Basement Beneath the Wage Floor – By Jeffrey Tucker

Posted on 01. Mar, 2014 by .

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There are certain sounds that tend to make people crazy. Think of nails on a chalkboard. An infant screaming nonstop on a long flight. A piercing whistle that won’t go away. Now we need to add

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Finding the “Upside” and “Value-Added” Opportunities in Your Property – By Peter Wright and Ryan Iles

Posted on 01. Mar, 2014 by .

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As real estate brokers specializing in the sale of multi-family properties, we are constantly hearing the terms “upside” and “value-added.”  Whether speaking with

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Tenants Awarded Over $200,000 in Discrimination Settlements! – From Utah Rental Housing Journal

Posted on 01. Mar, 2014 by .

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HOA Pays $150,000 in Discrimination Settlement In August of last year, a condominium association in Florida and their former management company agreed to settle a fair housing claim for $150,000. The claim arose because a family with

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Property Management with Safety in Mind – Workplace Hazard Precautions – By Hub International, Inc.

Posted on 01. Mar, 2014 by .

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As a property manager, you have an important responsibility. Building tenants and owners all rely on you to keep the property safe, orderly and functioning. However, there are also many hazards relating to your

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The Tax Advantages of Being a Landlord – By Bill Bischoff

Posted on 01. Mar, 2014 by .

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Are you sure you want to be a landlord?  I have clients who love to regale me with stories about their fun experiences with tenants.  Like the one who took almost every fixture when moved

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East Bay Apartments Remain on Growth Track – By David Weglarz

Posted on 01. Mar, 2014 by .

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As an East Bay apartment owner, you either experienced robust dividends in 2013 or you were left standing at the station.  If you think you missed the train, do not fret. The East Bay market is charging full steam

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Small Property Owners of San Francisco Files Lawsuit to Block Law – By SPOSFI

Posted on 01. Mar, 2014 by .

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The Small Property Owners of San Francisco Institute filed a lawsuit challenging Supervisor John Avalos’ Nonconforming Unit Ordinance on the grounds that the ordinance violates state law and fails to

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What to Do With Applicants With No Credit Record – By Robert Griswold

Posted on 01. Mar, 2014 by .

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You get the credit bureau report back on your applicant and the bureau never heard of him.  That will make you think, won’t it?  Of course, you immediately think

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The Resident Who “Ran Out of Checks” – By Dan Arnold

Posted on 01. Mar, 2014 by .

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If you thought that the broken-down-car excuse was a good one, you haven’t heard anything yet.  The level of creativity desperate residents can achieve is only limited by the gullibility of the landlord

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2013 Year-End Rent Growth Favors California – By Sarah Bridge, Founder of RealFacts, LLC.

Posted on 01. Mar, 2014 by .

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Our 2013 year-end apartment round-up shows sustained nationwide rent growth.  However, the distribution is heavily weighted towards the California markets.  Six of the top ten ranked are

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Property Management Mind Mapping – by Ernest F. Oriente

Posted on 01. Mar, 2014 by .

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The property management profession continues to be more complex and rapid planning seems to be a daily requirement.  When faced with a large project, when pressured to reach tall goals or even when you are trying to fix a reoccurring

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The Path to Wealth is the Benefits – By Jay P. DeCima

Posted on 01. Mar, 2014 by .

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Starting the new year is an excellent time for self-evaluation and to modify your investment plan in line with today’s opportunities.  On a positive note; there are great new opportunities for

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What the Public Thought of 2013 and Some 2014 Forecasts – By Gary Halbert

Posted on 01. Mar, 2014 by .

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The latest Associated Press-Times Square polls out last week found that, on the whole, Americans rate their own personal experience in 2013 a little more positively than negatively. Yet when asked to assess the year for theUnited Statesor the world at large, the results were worse this year versus 2012. All told, 32% say 2013 […]

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Ways to Compete Against the Big Boys And How to Find Your “WOW” Factor – by Jeffrey Taylor

Posted on 01. Mar, 2014 by .

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Nine ideas that may help you compete with other market rentals and get your vacancy filled faster. 

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Time Management Tips and Tactics for Real Estate Investors – By Sharon Vornholt

Posted on 01. Mar, 2014 by .

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It is essential for good time management not only to determine where you are spending your time, but how you should be spending your time. We are back to that 80/20 rule again. What are

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Something to Think About #18: Buy Fourplexes: Refinance One of Your Bigger Buildings – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Mar, 2014 by .

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Buy Fourplexes: Refinance One of Your Bigger Buildings Several of my clients – particularly, those who often seem to be ahead of the curve – started doing this last year and so far

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Time to “See the Light” When it Comes to Lighting – by Steve Reagan & Mike Javid

Posted on 01. Mar, 2014 by .

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While in the process of completing a recent “whole house” remodel with updating we ran head long into an unbudgeted expense.  As of January 1st 2014 the manufacturing of incandescent light

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Legal Q & A Security Deposit Itemization and Accounting -by Franco Simone, Esq.

Posted on 01. Mar, 2014 by .

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What can I deduct from the security deposit? You are permitted to deduct the following from the security deposit:

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Legal Q & A – by Richard Beckman

Posted on 01. Mar, 2014 by .

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Question 1:     How long should we maintain records on applicants and former tenants (i.e. application form, lease, correspondence)? Answer 1: There is no general statutory

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Mar, 2014 by .

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Question One: I recently bought my first rent controlled building in the City of Los Angeles. After the first month, one of the existing tenants failed to pay

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Liability for Misrepresentation of Lot Size and Manager Law Update – By Dale Alberstone, Esq.

Posted on 01. Mar, 2014 by .

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Hello everybody.  It has been many years since I have discussed the liability of a seller for misrepresenting the lot size of an apartment building to a buyer.  For new readers and those who

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Don’t Scare Leads Away: Five Reminders for Leasing Agents – by Crystal Hadidian

Posted on 01. Mar, 2014 by .

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[I recently read] an article about the importance of not losing money on poor customer service over the phone. There were some great tips for owners and marketing or regional managers to implement. The article made me think about

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The New Medicare Tax’s Effect on Real Estate Profits – By Barry Slat Mortgage

Posted on 01. Mar, 2014 by .

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Beginning last year, a new 3.8% Medicare tax was imposed on net investment income (NII). That may be an important healthcare consideration for many, but what on earth does that have to do with  commercial real estate investments?

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2014: A Dangerous Year for Taxpayers

Posted on 01. Mar, 2014 by .

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2014 may be the most dangerous year yet for Proposition 13 and the taxpayers who depend on its protections. As HJTA members know, the 2012 elections resulted in the Democrats achieving

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How to Sell a Property with a Tenant Living in It – By Robert Cain

Posted on 01. Mar, 2014 by .

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This primarily occurs with single-family homes and duplexes or fourplexes.  However, it can be a problem with large complexes as well, if the showing and dale process is handled with no regard

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TPO – The “Fulton’s Folly” of Roofing – By Tommy Scherer

Posted on 01. Mar, 2014 by .

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People referred to Robert Fulton’s first steamship, The Clermont, as “Fulton’s Folly” because they figured it would explode or sink.   It is apparently human nature to dismiss new things as stupid or

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