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Archive for June, 2014

The Shortest Path to the Money – By Jay P. DeCima

Posted on 01. Jun, 2014 by .

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“You might as well realize that the time for opportunity is past.  There’s no longer any use trying to save for investing.  The best you can hope for is to keep a steady job and stay off welfare.  Nobody will ever again be able to build

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Rental Housing Owner Tips – By Lauren Ginder

Posted on 01. Jun, 2014 by .

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Researching frequently promoted tips for rental housing owners brought up a plethora of topics related to the functioning and financial survival of properties.  Ultimately, I want to narrow in on three different factors that I feel make the biggest impact on a

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What Experts on Buying and Selling Say – By Joseph Chaplik

Posted on 01. Jun, 2014 by .

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Brokerage experts, Jospeh Chaplik, Linda Fritz-Salazar and Greg Frick give the below advice when considering buying or selling apartments:

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Introducing … New AOA Forms! – by Patricia A. Harris

Posted on 01. Jun, 2014 by .

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New AOA Forms In our continued attempts to make your job as a landlord easier, AOA has designed the below forms for your immediate use:

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Rent Growth is Robust for First Quarter 2014 – By Sarah Bridge

Posted on 01. Jun, 2014 by .

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 Rents are rolling along with a full head of steam in the first quarter of 2014.  Over the past four years, there has been a very real demographic shift away from homeownership. Much of the recent home buying activity is investors looking to get into the rental business. Millennials coming into the market don’t have

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Legal Q & A – By Franco Simone, Esq.

Posted on 01. Jun, 2014 by .

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Q: I don’t allow pets in my apartments.  One of my tenants has a cat that she claims is a therapy cat and she wants me to allow her to have the cat in her

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Tips to Make Your Life Easier When Including Appliances with Your Rental – By Kevin Perk

Posted on 01. Jun, 2014 by .

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Let’s just be honest – appliances are a pain in the butt.  They are one of the costliest parts of my business.  I am constantly buying new ones, getting them repaired, moving them in and moving them out.  It does not seem like there is a week that goes by that some

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Legal Q & A – by Richard Beckman

Posted on 01. Jun, 2014 by .

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Question 1: What do I do with a tenant who demands too many things? After moving in March 1, 2014, he complained about cobwebs in closets. We sent cleaning people and took care of that complaint. Then he complained that the

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Jun, 2014 by .

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Question One: I have several clients that have bought apartment buildings, with existing tenants. In many instances, these tenants do not have security deposits. Can a new owner require

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Top 10 Reasons Your Rental Needs a Website – By James Webster

Posted on 01. Jun, 2014 by .

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You have listed your property in the print guides and online.  You have made it rent ready and are excited for your new tenants.  But are you missing one of the most important marketing techniques available to rental property owners?

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The Case of the Walking Tenants – by Zachary Lawrence, JD

Posted on 01. Jun, 2014 by .

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I’ve been walking lately. Some people call it “power walking”.  It’s when you walk like you’re in a hurry, for as long as you can handle the brisk pace.  It’s really a great exercise – I sweat and don’t worry about the wear and tear on my knees. After my “power walks”, I feel great.  […]

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Food Scrap Recycling is Now the Law for Many Multi-Family Homes in Alameda County – By Miya Kitahara, Multi-family Outreach

Posted on 01. Jun, 2014 by .

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Over a quarter of the material found in multi-family garbage carts is food waste. Under current conditions, this material is sent to landfills where it decays without air and releases methane, a powerful greenhouse gas. By providing

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Letters to the Editor…

Posted on 01. Jun, 2014 by .

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Dear AOA:  Can I join to receive the magazine with helpful articles, legal columns and ads of income property for sale if I disagree with Dan’s political slant?

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Los Angeles Rent Control: Finally Some Good News! – By Dale Alberstone, Esq.

Posted on 01. Jun, 2014 by .

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Hello everybody.  This past April, the California Court of Appeal decided two important cases relevant to many AOA members.  Both cases, thankfully, eased up on certain requirements imposed by the Rent Stabilization Ordinance for the City of

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Undermining Proposition 13: The Beat Goes On – By Jon Coupal

Posted on 01. Jun, 2014 by .

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A handful of far-left, Bay Area activists think they have come up with a clever plan to chip away at Proposition 13. Specifically, they are attempting to persuade local school boards and city councils to pass resolutions in support of removing Prop. 13 protections for business property.

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success!

Posted on 01. Jun, 2014 by .

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Trade Show a Huge Success! Our “Million Dollar” Trade Show and Landlording Conference last month was a huge success!  You should have been there!  Our members were more educated, motivated and stimulated by some very knowledgeable

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Seemingly Nice People Can Be Bad Tenants – By Robert Cain

Posted on 01. Jun, 2014 by .

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“But they seemed like such nice people!”  Famous last words of the landlord whose bad tenant was just dragged out of their property by the deputy sheriff, eviction order in hand, and told to remove his belongings from the sidewalk in less than two hours.  The landlord surveys the

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Being Available and How to Handle Complaints About Neighbors – By Julie Johnson

Posted on 01. Jun, 2014 by .

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The quote that “Good Landlords Attract Good Tenants” is true.  So when you consider best practices, I think you need to decide what practices will allow you to attract and retain quality tenants.  The first thing

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Baby Boomer Retirement – Massive Savings Deficit – By Gary Halbert www.profutures.com

Posted on 01. Jun, 2014 by .

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Remember how many of us worried in 2006 and 2007 that the housing market was in a bubble, and how it could end badly? Yet we were told by market analysts that it was different this time around, and that soaring

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10 Tips To “Tenant-Proof” Your Rentals and Why Many Landlords Lose Money! – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Jun, 2014 by .

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A landlord asked this week on LandlordingAdvice.com, “How do you ‘tenant-proof’ your properties?  How do you minimize damage/wear and tear?”  One of our regular forum contributors shared the following 10 tricks of the trade.

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How to Lower your Utility Bills and Increase your Property Value, Starting NOW – By Daniel Y. Bahk, Esq.

Posted on 01. Jun, 2014 by .

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Here’s what you should know about what’s new in 2014 in regards to the water and energy conservation law. Beginning in January 1, 2014, selling and installing toilets that are not High Efficiency Toilets (HET) is not allowed inCalifornia.  An average household with

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Minimum Wage Increase for Managers – By Dale Alberstone, Esq.

Posted on 01. Jun, 2014 by .

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Hello everybody.    AOA readers should bear in mind that starting July 1, 2014 the minimum wage which must be paid to a resident manager will be $9.00 per hour, up from $8.00 per hour.  Also, absent an exception, the maximum rent which may be charged to a manager who is required to live on the […]

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Exit Strategy – Part I: When is it Time for You to Sell or Trade Up? – By Clifford A. Hockley

Posted on 01. Jun, 2014 by .

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Crazy as it may sound, most investors drive blind.  They don’t have investment goals; they don’t have a monthly or annual review of their investments and they don’t have an investment strategy.  When you are looking to get off your

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Something to Think About #21 – Jim Gaffigan and Total Return – By Klarise Yahya, Commercial Loan Broker- BRE: 00957107 – MLO: 249261

Posted on 01. Jun, 2014 by .

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Dan John, the brilliant athletic coach, sometimes refers to the Jim Gaffigan riff on Mexican food as a way to understand the basic principles of, well, almost anything.

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Being Green – By Anonymous

Posted on 01. Jun, 2014 by .

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Checking out at the store, the young cashier suggested to the much older woman, that she should bring her own grocery bags because plastic bags weren’t good for the environment. The woman apologized and explained, “We didn’t have this ‘green thing’ back in my earlier days.”

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Know the Answers to These Eight Small Property OwnerQuestions? You Should! – By Gideon Kramer

Posted on 01. Jun, 2014 by .

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1. What are my rights to compensation if my tenant breaks the lease and moves out early? If a tenant vacates your rental unit prior to lease expiration in contravention of the lease, you have the right to deem the tenant in breach of contract. You then have the obligation to

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How to Turn an Unhappy Resident Into a Raving Fan! © – by Ernest F. Oriente, The Coach

Posted on 01. Jun, 2014 by .

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This can happen when you least expect it:  An unhappy resident has just arrived in your leasing office while your telephone is ringing, budgets are due in 25 minutes and six future residents are waiting to

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