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Archive for April, 2014

20 Reasons to Reject an Applicant – By Robert Cain

Posted on 01. Apr, 2014 by .

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 Cannot pay the security deposit or fees in advance. Has a credit history of unpaid bills, collections, liens or judgments or has no  credit history.

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Apr, 2014 by .

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Question 1: One of my tenants wants to add a roommate in my Oakland building that is covered by the Oakland rent ordinance. Can I increase the rent because I pay garbage and water and because of the extra wear and tear? Can I also ask for more security deposit?

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Legal Q & A – By Franco Simone, Esq.

Posted on 01. Apr, 2014 by .

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Q: I entered my rental unit without giving my tenant notice to measure the square footage of the unit.  My tenant found out about it and complained that I violated his right to privacy is he right?

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Double Your Property Management Productivity…In 30 Days! © – by Ernest F. Oriente

Posted on 01. Apr, 2014 by .

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Double your personal productivity in 30 days?  Is it possible?  Absolutely!  This article will provide three important steps for making the best investment you have ever made…an investment in you!  Why is this critical?  Because a small investment made today will

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More About Aid Animals – By Jim Straub

Posted on 01. Apr, 2014 by .

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The question I get most often about aid animals is whether one has to allow them, especially if you have a “no pet” policy in place.  Of course, once you have aid animals in your rental properties, there’s even more to know. 

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Jury Awards Tenant $28.2 Million in Carbon Monoxide Case! – By Spence Law Firm, LLC.

Posted on 01. Apr, 2014 by .

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A Wyoming federal court jury awarded $28.2 million to a Casper, Wyoming woman who was poisoned by carbon monoxide from an outdated and unmaintained furnace in her apartment, said the Spence Law Firm.

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Apr, 2014 by .

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Question One: I own a small eight unit apartment building in West Hollywood which is under rent control. I would like to know why we cannot install a separate water meter for each apartment. The tenants will never use the water responsibly unless they pay for the water. Thank you.

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How to Keep Good Tenants – and Your Sanity – By Robert S. Griswold, MBA

Posted on 01. Apr, 2014 by .

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An occupied rental unit is the key to your success as a property manager.  Yet, this basic fact is something many rental property owners quickly forget.  Advertising your vacancy, having a well-polished presentation, knowing all the

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Perform Periodic Inspections to Preserve Property Value – By Nick Hubers

Posted on 01. Apr, 2014 by .

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Owning a rental can of course be a cumbersome task and require continual upkeep and maintenance by the owner and/or the property management company.  The purpose of this article is to summarize

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Did You Smell That? Odors That Will Keep Renters from Moving In – By John Riordan

Posted on 01. Apr, 2014 by .

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We all love things that smell good; just check out the success of the perfume industry.  What man in his right mind would want to ask a woman for a date if she didn’t smell good?  And how many women

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How to Get Your Prospective Renters to Visit Today! – By Joyce Kirby

Posted on 01. Apr, 2014 by .

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Available for a limited time!  Only one of its kind!  Offer expires at midnight!  These and similar phrases are used to make people “spring boldly into action.”  They conjure up images of

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California’s High Taxes and the So-Called Balance Budget! – by Erik Rosales, KMPH Fox 26 Reporter

Posted on 01. Apr, 2014 by .

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Have you stopped to consider how high your taxes are? If you live inCalifornia, you are taxed at a higher rate than nearly any other state.  Some sayCaliforniataxes you for everything. It has some of the

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Understanding the Words of an Easement – Even Courts Get Confused! – By Dale Alberstone, Esq.

Posted on 01. Apr, 2014 by .

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Of particular interest to apartment building owners and management companies, as well as to other real estate professionals, should be the recent California Court of Appeal decision concerning the

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Coming Next Month! The FREE “Million Dollar” Trade Show and Landlording Conference – Plus, What Major Investors Are Learning About Housing

Posted on 01. Apr, 2014 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, May 15th at the Long Beach Convention Center in Hall C, 300 East Ocean!

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What Major Investors are Learning About Housing

Posted on 01. Apr, 2014 by .

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Following the real estate crash, it has become much more difficult for people to buy homes.  The data are pretty clear – home ownership dropped from almost 70% at the peak to

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Five Reasons to Hire a Management Company – By Joel Rodstein

Posted on 01. Apr, 2014 by .

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The first question I am often asked when I propose property management to a prospective client is “Why should I hire a property management company?” and my response is always “How much is your time worth”? 

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Free Enterprise Works Best! – By Jon Coupal

Posted on 01. Apr, 2014 by .

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Why do government projects never seem to be completed efficiently, on budget and on time? National attention was currently focused on the failure of the ObamaCare website.  Not since the launch of

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Owners Save Their Properties from Government Theft! – By Scott Bullock and Clark Neily, Attorneys

Posted on 01. Apr, 2014 by .

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California Property Owner Wins Forfeiture Fight Tony Jalali stood to lose his entire commercial building inAnaheim,Calif., even though he was never charged with – let alone convicted of – any crime.  This is what property owners

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How to Improve Your Rent Collections – By Lori Hammond

Posted on 01. Apr, 2014 by .

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A property’s performance is measured by two components: The ability to generate revenue and The  ability to control expenses, resulting in the Net Operating Revenue. 

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Earthquake Preparedness – Do You Have a Red Binder? – By Patty Purdue

Posted on 01. Apr, 2014 by .

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Let me start by explaining the purpose of an Emergency Red Binder.  Every employee should be prepared for emergencies and as we all know it is always too late if we are not ready.  The ability to handle an emergency with

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Why the Fed’s Quantitative Easing (QE) Didn’t Work – By Gary D. Halbert

Posted on 01. Apr, 2014 by .

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Ben Bernanke, the past chairman of the Federal Reserve, must recognize that he was the victim of the law of diminishing returns. In the initial days of the 2008-09 financial crisis, he mobilized the Fed as the “lender of last resort” and began the process known as

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Six Reasons to Invest in Single-Family Homes – By Jim Ingersoll

Posted on 01. Apr, 2014 by .

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“I would say that single family homes are cheap now. If I had a way of buying a couple hundred thousand single family homes… I would load up on them, and I would take mortgages out at very, very low rates. So it’s a very attractive asset class now.”  ~ Warren Buffett

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Something to Think About # 19 – Changes Over Time – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Apr, 2014 by .

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There are probably half-a-dozen different types of graphs and each has a particular “best use”. One type is the time-series graph. That’s the one that has the horizontal “x” axis along the bottom showing time and the

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What is the Ellis Act, Who Invokes it, and Why? – By Gideon Kramer and Deborah Lopez

Posted on 01. Apr, 2014 by .

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The Ellis Act is a provision inCalifornialaw which provides rental property owners in the state with a legal means to go out of business – exiting the rental business short of selling the property to another landlord.

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Expenses – the Cemetery of Real Estate Investors – By Jeffrey Taylor, Mr. Landlord.com

Posted on 01. Apr, 2014 by .

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Kids tend to have nightmares they can’t control.  Parents often have kids they can’t control.  Some investors have expenses they can’t control – or they won’t even acknowledge the problem.  Thus, rental real estate becomes less of

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