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Archive for January, 2015

Apartment Owners Object to LA Council’s Retrofitting Plan

Posted on 23. Jan, 2015 by .

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Dan Faller is the President and Founder of the Apartment Owners Association of California. He reacts to this week ‘s discussion by the Los Angeles City Council to mandate retrofitting hundreds of buildings in order to survive a major quake. Faller explains his members objections to NBC4’s Conan Nolan

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LA Housing Department Caught On Video With Their Pants Down – By Bill Hooey

Posted on 23. Jan, 2015 by .

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Okay everyone, we got them on video.  It is about to go wild… There is a local landlord who became tired of the LAHD harassing him for the last ten years so he went to court and won.  The LAHD was furious that they were beaten in court so they went before another judge and convinced him […]

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City Legalizes Short-Term Rentals on a Limited Basis – By Gideon Kramer, SPOSFI News Editor

Posted on 01. Jan, 2015 by .

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 In October, the Board of Supervisors, by a veto-proof 9-2 margin, passed Board President and Supervisor David Chiu’s short-term rental legislation (aka “The Airbnb Law”.)  As expected, Mayor Lee signed the bill into law.  It takes effect in February 2015.

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23 Landlord New Year’s Resolutions – by Patricia A. Harris

Posted on 01. Jan, 2015 by .

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AOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble.  Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year.   Our goal is your continued success!

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Why Landlords Fail: 10 Fatal Mistakes (And How to Avoid Them) – By: Cynthia Hale, Esq

Posted on 01. Jan, 2015 by .

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I recently bought a little apartment complex up on Capital Hill.  While shopping for the right units to buy, I had the opportunity to walk through a good number of units in the SaltLake valley.  So as an investor, I got a recent first-hand look at some fatal landlord mistakes that may be costing you […]

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Start Your New Year by Routinely Adhering to These Essential Landlord Tips – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Jan, 2015 by .

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Treat landlording as a business. Develop a system and a set of written procedures for all steps in your rental process.

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Secular Stagnation Is a Cover-Up – Provided by Gary D. Halbert

Posted on 01. Jan, 2015 by .

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John F. Kennedy campaigned for president in 1960 by belittling Dwight Eisenhower’s three recessions and declaring, “We can do bettah.” He was right. In the 1960s, after the Kennedy tax cuts were implemented, prosperity returned, the economy grew by almost four percent

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Something to Think About # 28 – Using the 10 Year Treasury note (TNX) to Time Purchases – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Jan, 2015 by .

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Underpriced                          When we talk about underpriced units, we are not hoping to somehow buy a $1,500,000 building for $1,350,000. Buildings like that are hard to find, but even if found don’t really make too much difference over the long term. Over a 30 or 40 year investment career, a ten percent discount on the […]

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Legal Q & A New Laws for 2015 – by Franco Simone, Esq.

Posted on 01. Jan, 2015 by .

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Q:  My tenant prefers to communicate via email. He is moving out in a month and would like for me to email him the security deposit itemization directly. Am I allowed to send him the itemization by email?

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Legal Q & A by Richard Beckman, Attorney

Posted on 01. Jan, 2015 by .

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Question 1:     Are there any new laws taking effect in 2015 affecting landlord-tenant issues?

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Legal Q & A – By Dennis Block, Attorney

Posted on 01. Jan, 2015 by .

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 Question One: I advertise for “non-smoking” tenants only. Recently, a tenant started smoking marijuana which is bothering other tenants and a direct violation of the lease agreement. When I questioned the tenant, he produced a prescription which states he has a medical necessity to smoke marijuana. How should I handle this situation?

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Thanks for a Great 2014 Northern California!

Posted on 01. Jan, 2015 by .

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Happy New Year everyone!  As a reminder of your benefits, listed below are of some of the newer services from last year to help support you in making your business of providing housing for others more profitable, easier and more enjoyable.

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2015 New Year’s Resolution: Sign a Manager’s Agreement!! – By Dale Alberstone, Esq.

Posted on 01. Jan, 2015 by .

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Hello everybody.  Most everyone hopes that 2015 will bring about world peace, a strong economy, more jobs and other important things like that.

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Three Important Steps for Conducting Property Management Exit Interviews © – by Ernest F. Oriente, The Coach

Posted on 01. Jan, 2015 by .

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Research has shown that a person who resigns from your property management company is leaving for one of three possible reasons: a new career opportunity, an unsolicited job offer or for a grievance that has not been handled correctly.  Whenever a person resigns from your property management company for voluntary reasons it’s normally a

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Heaven or Hell? Author Unknown

Posted on 01. Jan, 2015 by .

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While walking down the street one day a corrupt Senator (that may be redundant) was tragically hit by a car and died. His soul arrives in heaven and is met by St. Peter at the entrance.

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Thanks for a Great 2014!

Posted on 01. Jan, 2015 by .

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Happy New Year everyone!  As a reminder of your benefits, listed below are of some of the newer services from last year to help support you in making your business of providing housing for others more profitable, easier and more enjoyable.

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Seven Steps to Avoid High-Risk Tenants – by Brian Gordon

Posted on 01. Jan, 2015 by .

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The goal of any investment property is to produce income.  The income derived from residential real estate is primarily from the tenant’s rent.  Knowing this, seasoned investors will quickly admit the financial stability of the renters play a major part in the economic success of income property.

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Start Your New Year’s Success – Do You Know Your Building’s Financials? – By Cliff Hockley

Posted on 01. Jan, 2015 by .

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 “The biggest mistake many investors make is to ignore the numbers generated by their properties.”

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Top 10 Online Rental Marking Tips – By gottarent.com

Posted on 01. Jan, 2015 by .

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Create winning ads that will make the phone ring!  If you’re planning to use the Internet to search for renters, use the following checklist to ensure you have created an advertisement that will entice renters to call you.

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Look Who is Living Like the One Percent – By Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jan, 2015 by .

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Self-styled “progressives” smugly promote a cartoonish image of upper income individuals as those who enjoy limousines, expensive wine, travel and lavish parties.  If one listens long enough to their story, one may begin to imagine that all rich people

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Five Lessons I Learned From My First Tenant Eviction – By Bill Biko, “The Educated Landlord”

Posted on 01. Jan, 2015 by .

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Eventually, it happens. You run into your first bad tenant which leads to a tenant eviction. Unfortunately, this usually happens more often in your beginning years as a landlord –  right when you have the least extra cash flow and the most faith in humanity.

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Start the New Year Off With a Rental Operations Manual – By Robert L. Cain

Posted on 01. Jan, 2015 by .

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Can your rental property business run without you?  What if you wanted to take a three-month vacation, could you rest assured that your business would function just fine in the hands of a substitute landlord?  What if you wanted to retire and sell off your

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Do I Have to Rent to a Tenant Who Uses Medical Marijuana? – By Scott Taylor

Posted on 01. Jan, 2015 by .

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Medical Marijuana and Tenancy in California Medical marijuana is a big subject these days not only in California, but throughout the tenant/landlord world.  There is much confusion and debate about what is and is not legal.  In preparing this article, I consulted many interesting resources.

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2015 Routine Maintenance Schedule – By Scrubright Cleaning and Maintenance Service

Posted on 01. Jan, 2015 by .

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The importance of having a maintenance schedule is so that any minor maintenance projects won’t become a major repair.  Many potential problems can be avoided by following a

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New Landlord Laws for 2015 – By Grayce Long, Attorney

Posted on 01. Jan, 2015 by .

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There are a few new laws that affect landlords that will come into effect January 1, 2015 and some of them already have been in effect since this past September.  The good news is that none of the laws are overly burdensome on landlords or detrimental to your income making ability.  The bad news is […]

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Should Landlords Install Elevators for the Disabled? – By Anky Van Deursen

Posted on 01. Jan, 2015 by .

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Question:  My husband was recently injured.  As a result, he now has a disability that makes it very hard for him to walk.  He has to use a wheelchair to get around.  We live on the second floor of an apartment complex and there is no elevator.

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