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Archive for March, 2015

Public Sector Pay: Transparency and Perspective – by Jon Coupal.

Posted on 01. Mar, 2015 by .

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Public sector labor leaders in California would rather that the public remain relatively ignorant about how well their members are compensated. But they are fighting a losing battle. Because of California’s massive unfunded pension liability and other scandals, the public is demanding answers. Interests as diverse as

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Legal Q & A Serving Proper Notices – by Franco Simone, Esq.

Posted on 01. Mar, 2015 by .

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Q:  My tenant pays their rent on the first of every month, however this month the first fell on a Sunday and the second is a holiday. When is their rent due and if they are late with payment, when can I serve them with a 3 Day Notice to Pay Rent or Quit?

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The California Housing Crisis – Who is Responsible? – By Roger Sanders

Posted on 01. Mar, 2015 by .

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It is time that we acknowledged that Bay Area housing regulations and development have failed to create housing for most people, whether that housing is for rental or home ownership.  The discussion on who is responsible for the overpriced market never acknowledges that everyone involved

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How to Reduce Economic Loss from Apartment Fires – By John Simontacchi

Posted on 01. Mar, 2015 by .

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Economic losses from fires in apartment buildings can be catastrophic. A new generation of fire coatings can reduce these losses by effectively preventing a fire from spreading.

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Essential Services: 10 Things That Differentiate A Habitable and Uninhabitable Dwelling – By Cliff Hockley

Posted on 01. Mar, 2015 by .

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Residential landlords are faced with many challenges.  At the top of the list is making sure that their property is well taken care of and complies with the essential services conditions.  This has become an imperative as more

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California’s New Sick Leave Law – By Dale Alberstone, Esq.

Posted on 01. Mar, 2015 by .

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Hello everybody.  I had in mind to publish this “new sick leave law” article for AOA members in the April 2015 edition of this magazine.  But then I had second thoughts, being concerned that many readers would laugh it off as an April Fool’s joke.

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Something to Think About #30 – Debt Yield – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Mar, 2015 by .

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 Executive Summary              Lenders are preparing for significant foreclosures on income properties. Their greatest risk is with “bullet” loans that require a balloon payment. There is a real possibility the property may not qualify

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How Long Should Your Apartment Appliances last? – By RD House Property Management

Posted on 01. Mar, 2015 by .

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 As consumers, we’ve all probably held some unexpected funerals for our appliances.  In property management, conventional wisdom is that they usually break on weekends or

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The Three Biggest Mistakes Landlords Make – By Bill Biko

Posted on 01. Mar, 2015 by .

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1. Choosing the Wrong Property One of the biggest mistakes I see from investors is getting caught with the wrong property. When property values are moving upwards and vacancies are low almost every property can be a winner as an investment.

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12 Ways to Get People to Want to Do Business with You – By Mark Ford, founder, The Palm Beach Letter

Posted on 01. Mar, 2015 by .

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I like to think of myself as an amiable guy, but I wouldn’t claim to be charismatic. Charismatic is an adjective I would apply to someone like Jay Leno or Tony Robbins. Bill Clinton is supposed to be charismatic. I know die–hard conservatives who changed their views

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MRLANDLORD.COM Tips on Management 10 Gold Nuggets of Landlording Advice – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Mar, 2015 by .

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Here are 10 of the best single lines of advice offered from several landlords nationwide:

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The Move-In / Move-Out Checklist: Inspect Your Unit BEFORE Move-In – By Robert S. Griswold, MBA

Posted on 01. Mar, 2015 by .

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The number one source of landlord-tenant disputes is the disposition of the tenant’s security deposit.  Many of these potential problems can be resolved with proper procedures BEFORE the tenant takes possession of the rental unit.  But to do so, you need to

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Your Voice Carries The Words Of 10,000 Leases! © – by Ernest F. Oriente, The Coach

Posted on 01. Mar, 2015 by .

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From the moment you spoke your first word as a small child, your voice and the words you select are often taken for granted -a gift you use throughout your life.  As leasing professionals, you know the importance of using

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Legal Questions and Answers – by Dennis Block, Attorney

Posted on 01. Mar, 2015 by .

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Question One: I recently purchased a duplex in Sylmar that has rent control. Currently, I’m responsible to pay the water bill, since there is only one water meter. I’m interested in paying for the lines to be subdivided, so that the tenants will be responsible for their own

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Handing Down Your Legacy – By Gary D. Halbert

Posted on 01. Mar, 2015 by .

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Overview: Death – An Unpopular Subject Now is a good time to make sure that your affairs are in order and all of your financial information is recorded in one convenient electronic file that can be updated or changed at any time. And we believe we have developed the best program on the market today […]

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How to Fill Vacancies Faster! Pet-Friendly Landlord Tips – From the American Humane Society

Posted on 01. Mar, 2015 by .

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According to the 2009/2010 American Pet Products Association’s (APPA) National Pet Owners Survey, 62% of American households have at least one pet.  That means that pet-friendly property owners have more than double the pool of potential tenants than landlords who do not accept pets. 

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Managing Your Manager – by David Crown

Posted on 01. Mar, 2015 by .

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What if you could ask your property manager three simple questions and the results would tell you how well your management company is treating your property, and your wallet?

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Open Letter to San Bernardino Judge – Bad Practices in Unlawful Detainers! – By James Jonaitis

Posted on 01. Mar, 2015 by .

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As a landlord in the high desert, I was doubling my evictions every year for the past several years.  However, I feel the judiciary is responsible, to some extent, for the increase in caseload, at least when it comes to Unlawful Detainers.

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Rules for Paying Tenants Interest on Security Deposits – By Patricia A. Harris

Posted on 01. Mar, 2015 by .

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If your building is in one of the nine cities listed below, you must pay interest on the security deposit once a year and at the end of the tenancy.

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Seven Tips on How to Be a Good Landlord – By Angela Colley

Posted on 01. Mar, 2015 by .

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Starting a property management company is a tough business, plain and simple.  Landlords deal with the problems of tenants who call to complain constantly; tenants who don’t pay their rent and

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Is Your Estate Plan Hazardous to Your Family Wealth? By Kenneth Ziskin, Attorney

Posted on 01. Mar, 2015 by .

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Most of the many apartment owners we have met after our AOA seminars in Los Angeles and the San Fernando Valley have already built living trust based estate plans.  They cared enough about preserving and protecting wealth for their heirs to already take significant planning steps.

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Water Damage Do’s and Don’ts and Carpet Care Tips – By Brian Lalime

Posted on 01. Mar, 2015 by .

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Given that the annual cost to insurance companies from water damages and mold in the U.S. is $2.5 billion, it is probably only a matter of time before you have some sort of water damage claim.

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Roof Coatings Are Not Roofs! – By Tom Scherer

Posted on 01. Mar, 2015 by .

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Roof coatings became popular in the 1970’s and 80’s, along with the “Bee Gees” and have been around ever since. Coatings are applied over an existing hot tar roof in an effort to “extend” the life of the roof and to add

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Legal Q & A – by Richard Beckman

Posted on 01. Mar, 2015 by .

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Question 1: I recently heard that tenants’ children can inherit their rent controlled apartment. Is that true?

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Prop. G Defeated, But Advocates Vow Another Try – By Karen Crommie

Posted on 01. Mar, 2015 by .

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We were successful in the campaign to stop Prop. G, the so-called “anti-speculation tax” on last November’s ballot.  Had it passed, the ordinance would have added an exorbitant surtax onto the existing transfer tax.  But the tenant groups

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Housing Department Caught on Video With Their “Pants Down”! – by Bill Hooey

Posted on 01. Mar, 2015 by .

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Okay everyone, we got them on video.  It is about to go wild.

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