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Archive for April, 2015

Recently Passed Housing-Related Laws That Affect Small Property Owners – By Peter Reitz

Posted on 01. Apr, 2015 by .

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Gross Receipts Tax Passed in 2012, but didn’t begin to phase in until 2014. [We have posted on our website – www.smallprop.org) – an extensive article about the new gross receipts tax approved by the voters in 2012, which will gradually replace the Payroll Tax (which virtually no small property owner was required to pay.]  

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Freedom of Speech – Can Tenants Post Signs or Banners? – By Zachary Lawrence JD

Posted on 01. Apr, 2015 by .

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Can a tenant place a poster on his balcony that says “I support the death penalty” or other political (and perhaps inflammatory) statements? I raised this very issue with eviction Attorney Dennis Block on our weekly radio show (Landlord-Tenant Radio, Mondays at 1:00 p.m. on KTYM 1460 AM).

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How to Write Off Practically Anything – By Karla Dennis

Posted on 01. Apr, 2015 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they […]

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How Will the Government Regulated Changes For Water Heaters Affect You? – By Washington Energy Services Plumbing Division

Posted on 01. Apr, 2015 by .

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In 2015, all manufacturers of water heaters that are sold in the U.S. must conform their equipment to new energy efficiency standards.  This applies to all residential, gas, propane and electric water heaters.  Why should you care?  Because water heaters, as we know them, won’t look the same.  Here’s the who, what, how much it’s […]

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Los Angeles City Rent Stabilization – Reminders and Updates – by Patricia A. Harris

Posted on 01. Apr, 2015 by .

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Hopefully, if you own in the City of Los Angeles and are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit which was due by February 28, 2015.  Serving a timely notice, you may collect one half of those fees from your tenants.

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Forecasts & Trends President Proposes $4 Trillion Budget and New Tax Increases – By Gary Halbert

Posted on 01. Apr, 2015 by .

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Most every year about this time, I criticize the sitting President of the United States for submitting an ever-larger federal budget that almost always includes a big deficit which adds to our massive national debt. I have criticized every president for this going all the way back to

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

Posted on 01. Apr, 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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MRLANDLORD.COM’s Landlord Tips – By Jeff Taylor

Posted on 01. Apr, 2015 by .

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How to Get More People to See Your Craigslist Ad If you use Craigslist, be sure to include at the bottom of the body of the listing a string of keywords that people might use in their search. These words could include:

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Something to Think About #31 – Mortgage Security: The Lender’s Perspective – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261

Posted on 01. Apr, 2015 by .

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Mortgages and Trust Deeds (hereafter-“mortgages”) are negotiable instruments. Once created, they act among institutional investors as sort of a bond substitute. They are created for income, bought for security and sold for capital gains. We’ll discuss ordinary income from mortgages and the potential for capital gains another

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Legal Q & A Rent Increases – By Franco Simone, Esq.

Posted on 01. Apr, 2015 by .

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Q: I haven’t increased my tenant’s rent in over five years. Her tenancy is a month-to-month agreement and I would like to increase her rent to match the current fair market rental value of the neighborhood. What is the proper way to give my tenant notice of this rent increase?

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Nine Ways to Eliminate Real Estate Investment – By Jim Ingersoll

Posted on 01. Apr, 2015 by .

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Investing in real estate can be a little scary at times, especially for beginners. But please don’t let your fears hold you back from jumping into the very best real estate market we have seen in decades.

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How to Choose a Certified Mold Inspector and What You Should Pay – By Jason Harris

Posted on 01. Apr, 2015 by .

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Mold Inspectors are everywhere you look. But finding a qualified and reputable mold inspector can be a challenging task with so many companies to choose from. Below is a guide for hiring a certified mold inspector: 

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Service Dogs and Assistance Animals – By Cliff Hockley

Posted on 01. Apr, 2015 by .

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On April 25th, 2013 the Department of Housing and Urban Development issued an update letter FHEO-2013-01 regarding service and assistance animals with direct application to residential housing. This letter tied together three laws:

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Los Angeles Housing Department Errors Cost Apartment Owners Thousands of Dollars! – By Thomas A. Nitti, Attorney

Posted on 01. Apr, 2015 by .

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Many of you believe the Los Angeles Housing Department will not bother you – that the owners who have problems are the “bad guys”, the slumlords.  The reality is much different. I know of many good owners, some with professional management, who are caught up in LAHD mistakes and vendettas. Here are some common situations:

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Apr, 2015 by .

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Question 1: I would like to sell my rental property. I have a tenant with a month to month lease agreement. How do I legally inform her that I plan to sell the property and she needs to vacate by a certain date? What time frame do I need to give her to vacate?

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The Ever Shrinking Homeowners Exemption – By Jon Coupal

Posted on 01. Apr, 2015 by .

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During the holidays, most Californians are focused on their homes.  This is the time when homeowners – and renters too – are decorating and extending hospitality to friends and neighbors.  But heavy taxes and fees imposed on homes by the

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Apr, 2015 by .

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Question One:   I have a tenant who moved after serving me proper notice. The condition of the unit was terrible. The tenant left trash and junk everywhere. The premises looked like it had never been cleaned. To haul out all this stuff will probably fill half of a dumpster. The carpets were damaged beyond cleaning […]

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Are You Covered for Overflow and Sewage Back-up Claims? – By Anthony Miller

Posted on 01. Apr, 2015 by .

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Does your insurance policy cover when a toilet overflows, the drains back up, a sewer line breaks or sends water gushing in from the street, or when the sump pump malfunctions?

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Texting Tenants: Practical and Legal Considerations – From www.rentingmyhouse.net

Posted on 01. Apr, 2015 by .

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Text messaging in a tenant or prospective tenant is a convenient way to communicate.  It can be done quickly without having to wait for someone to answer, leave a message or wait for a callback and without having to engage in conversation.  It can be done without

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Wit and Wisdom in the Law – By Dale Alberstone, Esq.

Posted on 01. Apr, 2015 by .

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Hello everybody.  After my serious article last month about California’s new sick leave law which becomes operative July 1, 2015 (essentially mandating that every California employee working more than 30 hours a year must be provided with at least 3 days or 24 hours of paid sick leave per annum), I thought

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

Posted on 01. Apr, 2015 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 14th at the Long Beach Convention Center in Hall C, 300 East Ocean!

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How to Increase Your Chances on Winning Evictions – By Grayce Long, Attorney

Posted on 01. Apr, 2015 by .

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Last year, I wrote about the massive court consolidation and cutbacks in every county in Southern California.  In order to increase your chances on winning once you do get into court, here are some simple guidelines you should practice before you begin an eviction.

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L.A. Study Overlooks Hardship on Housing Providers

Posted on 01. Apr, 2015 by .

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Dear L.A. Times:  “Who Supports Retrofits?”

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Have You Heard About the Affordable Plumbing Act (APA)? – Author Unknown

Posted on 01. Apr, 2015 by .

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Only weeks after leaving office in 2017, a former politician discovers a leak under his sink, so he calls Joe the Plumber to come out and fix it.  Joe drives to the new house located in a very exclusive, gated community near Chicago where all the residents have a net income of more than $250,000 […]

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Better Tenant Screening For a Better Bottom Line – By Michael A. Brennan, Eviction Attorney

Posted on 01. Apr, 2015 by .

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The landlord business has changed over the past three to five years. Increased numbers of tenant attorneys, jury trials, court closures and staff layoffs all result in longer, more costly evictions for landlords. Tenants and their attorneys attempt to force landlords into settlements on unfavorable terms or accepting a tenant who has

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