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Archive for September, 2014

Dependence on Government Has Become Epidemic- By Gary Halbert

Posted on 01. Sep, 2014 by .

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Did you know that the number of Americans getting benefits from the federal government each month greatly exceeds the number of full-time workers in the economy by a long shot? Sadly, it’s true. Based on the latest Census Bureau data available, there were

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Something to Think About #24 – Pre-Pays and Rising Rates – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Sep, 2014 by .

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We knew this was coming, and now it looks imminent. A little while ago, three newspapers, the Wall Street Journal, the New York Times, and the Financial Times each reported that the Federal Reserve agreed amongst themselves to quit buying bonds in October, 2014. Just saying that rates will someday go up is one thing, […]

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Legal Q & A Abandonment of Personal Property – by Franco Simone, Esq.

Posted on 01. Sep, 2014 by .

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Q:  I served my tenant with a three day notice to pay rent or quit and he moved most of his belongings out during the three day period but he did leave some of his personal property behind.  What am I required to do with the things he left behind?

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Legal Q & A – by Richard Beckman

Posted on 01. Sep, 2014 by .

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Question 1: I am trying to sell my triplex in Oakland and the buyer wants the property vacant upon closing. He wishes to move himself and his family into all three units. Can I legally require my tenants to move out; and if so how much notice do I need to give them?

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Sep, 2014 by .

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Question One: I have an applicant that has very poor credit. He has offered to pay me one year’s rent in advance, plus a two month security deposit. Am I legally able to accept this amount?

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Multi-Units Are Often Less Risky – By Jay P. DeCima

Posted on 01. Sep, 2014 by .

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When asked about the inherent risks associated with his mega shipping empire, Aristotle Onassis replied  – if you expect to make any serious money hiring out your ships for profit, you’ll need to set a course that exposes both the ships and their crews to many unpredictable dangers on the high seas.  It’s impossible to […]

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How Smart Landlords Handle Rentals – By Otesa Middleton Miles

Posted on 01. Sep, 2014 by .

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Owning rental property seems like an easy way to generate extra income.  But, it’s actually not all that easy.  Nevertheless, the number of people buying second or third properties as

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Avoid Common Pitfalls When Building Your Contractor and Vendor “Dream Team” – By Robert S. Griswold, MBA

Posted on 01. Sep, 2014 by .

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Every rental property owner depends on contractors and vendors to assist with the proper management of the rental units.  The real challenge for many rental property owners is finding the right people or companies for the job and ensuring that they’re paying a competitive price for quality services or materials.  Not to worry though.  The […]

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How to Get Your Tenants to Stay for At Least Three Years – by Jeffrey E. Taylor

Posted on 01. Sep, 2014 by .

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My 3-Star Program is an excellent way to encourage residents to stay with you a minimum of three years. You enroll tenants in a 3-Star Program at no charge. It’s just like the local grocery stores where

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Is Mold Lurking in Your Unit? – By Jason Harris

Posted on 01. Sep, 2014 by .

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Musty Odors Do you smell something unusual? Did you have a recent plumbing or roof leak? Whether there was a recent water damage event or something that happened in the past, musty odors may be

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What is The Most Important Leasing Tool? – By Joyce Kirby

Posted on 01. Sep, 2014 by .

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The telephone is your single most important leasing tool and it’s probably the easiest “tool” to operate at your community, but is everyone answering it when it rings? Many apartment communities are spending time and money on

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Resident Managers: Another New Favorable Law! – By Dale Alberstone, Esq.

Posted on 01. Sep, 2014 by .

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Hello everybody.  During the past year, I have authored multiple articles for AOA members concerning the employment of resident apartment managers.  The reason for so many discussions is that the law in that field has changed numerous times during those past twelve months, and it changed once again on June 26, 2014 when the California […]

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Why Californians Don’t Trust State Government – By Jon Coupal

Posted on 01. Sep, 2014 by .

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Californians don’t trust state government. A recent survey by the Public Policy Institute of California reveals that only 6 percent of voters believe that government does not waste

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Coming Next Month – The “Million Dollar” Trade Show and Landlording Conference

Posted on 01. Sep, 2014 by .

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 The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads

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City Exempts Itself from Landlord Laws – by Deborah Lopez, SPOSFI Member

Posted on 01. Sep, 2014 by .

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It’s a problem familiar to many San Francisco rental property owners who are saddled with long-term tenants paying far-below market rent. The owner of Midtown Park Apartments has had this problem for decades. Tenants complain all the time about

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An Update on the Current Solar Rebate Program and Incentives – By Ted Bavin

Posted on 01. Sep, 2014 by .

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  Solar pool and hot water heating has never been more profitable … but it’s about to change.

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Irritating Things Tenants Do and How to Avoid Them – By Robert Cain

Posted on 01. Sep, 2014 by .

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One of the most common complaints landlords have about tenants (after failure to pay rent on time or at all) is what they do after they move in.  Some of these are things you can’t quite catch them at. I am going to put the broken record back on the turntable now.  Most of these […]

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Letters to the Editor…

Posted on 01. Sep, 2014 by .

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Dear Alison: Just wanted to let you know how much I appreciate all your help and advice over the years. Working from home, it is so nice to have a knowledgeable person like you for support. You are the best!  [Alison is AOA’s Branch Manager in Alameda.]           Valerie L.  Dear AOA: As owners and managers […]

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Relocation Payment Ordinance to be Challenged in Federal Court By Pacific Legal Foundation – by J. David Breemer, Attorney

Posted on 01. Sep, 2014 by .

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Pacific Legal Foundation (PLF) today filed a federal court challenge to San Francisco’s new “Relocation Assistance Payment Ordinance,” because it requires rental property owners to pay their tenants oppressive and unconstitutional sums of money before the owners can

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How to Find Good Tenants and Proper Tenant Screening – Step-By-Step – By Julie Johnson and RHA

Posted on 01. Sep, 2014 by .

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Being able to find a quality tenant is one of the most important things we need to do to be a successful rental property owner.  Finding the right tenant for your property can be really tough and takes work.  We all have stories about the havoc the wrong tenant has caused.

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Is This The End of the Housing Recovery? NO! – By Dr. Steve Sjuggerud

Posted on 01. Sep, 2014 by .

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“By keeping interest rates low, we are trying to make homes more affordable and revive the housing market.” That came from Federal Reserve Chair Janet Yellen earlier this year. My friend, that’s all you need to know when it comes to the housing market today.

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Positioning Family Real Estate Ownership for Future Results – By Clifford Hockley

Posted on 01. Sep, 2014 by .

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As you purchase real estate assets for future success you have some basic planning issues to consider:

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How to Address the Top 10 Tenant Complaints – By Paul Smith

Posted on 01. Sep, 2014 by .

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A group of tenant advocates recently compiled a list of the top 10 complaints tenants have with their landlords.  Their list may surprise you. Below are the complaints and some

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