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Archive for June, 2015

39 Money-Saving “Short Cuts” for Rental Housing Providers – by Bob Ruda

Posted on 01. Jun, 2015 by .

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To spruce up old, dirty and tired wall switches and plugs without replacing them, use spray paint made for plastic.  Two quick coats and they will now match your new switch covers and look like you replaced them.

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Brown is the New Green – How to Enforce Tenant Water Reduction – By Zachary Lawrence JD

Posted on 01. Jun, 2015 by .

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As we all know, Governor Brown (no pun intended) imposed mandatory water restrictions for the first time on residents, businesses and farms, ordering cities and towns in our drought-ravaged state to reduce usage by 25%.

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13 Warren Buffett Quotes for Real Estate Investors – By Doug Smith

Posted on 01. Jun, 2015 by .

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If you follow the news, it’s likely that you’ve become concerned about the state of today’s housing market. And it’s no wonder. Just open up the real estate section of any paper, and you’ll see nothing but negative headlines.

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Must Read Tips for Rent Collection – by Kevin Kiene

Posted on 01. Jun, 2015 by .

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 The first and maybe the most important step is that you properly screen applicants before they become your tenants.  It is always worth the time and money to obtain on all of your applicants the below:

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Pacific Legal Foundation Challenges San Jose’s New-Housing Penalty – By Tony Francois, Senior Staff Attorney

Posted on 01. Jun, 2015 by .

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SACRAMENTO, CA:  On, April 8th, the California Supreme Court heard an oral argument from Pacific Legal Foundation (PLF) in a challenge to San Jose’s “Inclusionary Housing Ordinance,” which imposes a significant financial penalty on the providers – and purchasers – of new homes.

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Protecting Yourself and Your Property – When to Call an Attorney – By Patrick J. Connolly, Attorney at Law

Posted on 01. Jun, 2015 by .

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The San Francisco Rent Ordinance is complex.  Mistakes made at the beginning of a tenancy can haunt you for years, even decades and can negatively affect both your monthly rental income and the value of your property.  Further mistakes can compound a problem.

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Tenant Screening Made Simple – Follow These Steps! – By AOA’s Tenant Screening Team

Posted on 01. Jun, 2015 by .

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Many landlords who are beginning the eviction process exclaim, “If I had only known!”  Well, there are very few reasons we can think of why you should NOT have known.   Before you put a tenant in your vacancy, be sure to thoroughly check them out.   If you have a system in place and perform your […]

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Four Hidden Costs of Being a Landlord – By Margarette Burnette, Bankrate.com

Posted on 01. Jun, 2015 by .

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Life as a landlord may be tempting to homeowners unable to sell their homes and others looking to add properties to their investment portfolios.  However, any costs associated with rental properties catch novice landlords by surprise.  The following are four hidden expenses experts say new landlords should consider.

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On the Economy and Income Tax – By Gary D. Halbert

Posted on 01. Jun, 2015 by .

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The Weakest U.S. Economic Recovery in Generations The economy has been in a slow recovery for the past five and a half years. It’s the weakest post-recession rebound in generations. The Commerce Department’s latest revision of the fourth quarter GDP shows that nothing much has changed, as I will discuss below, even though there was […]

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Can You Afford To Lose $230,400 In Leasing Revenue? © – by Ernest F. Oriente, The Coach

Posted on 01. Jun, 2015 by .

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Ouch!  $230,400 in annualized leasing revenue is being lost by apartment communities around the nation!  This is happening because 20 percent of the calls coming from future residents are being missed, which is silently draining the performance of the properties you own/manage.  Using the call tracking system of an industry vendor as a resource, this […]

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Five Steps to Build Tenant/Customer Loyalty – By Scott Arena

Posted on 01. Jun, 2015 by .

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Property management professionals operate within an industry based upon the delivery of sound and consistent customer service.  We believe that when most effective, good customer service results in profitability and client retention.  As such, we are constantly striving to deliver top-level customer service through our systems and practices.  Ultimately,

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Something to Think About #33 – Caleb Retires – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 – MLO: 249261

Posted on 01. Jun, 2015 by .

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Last month we learned that young Caleb has forty or more years before reaching traditional retirement age. Because he has a longer time horizon he can take slightly more investment risks than his older half-sister, and perhaps wind up with greater wealth.

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Legal Q & A Roommates and Additional Occupants – by Franco Simone, Esq.

Posted on 01. Jun, 2015 by .

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Q:  My tenant is requesting to add a roommate to her lease – do I have to allow my tenant to have a roommate?

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Training the Next Generation of Real Estate Investors – By Cliff Hockley

Posted on 01. Jun, 2015 by .

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You don’t feel any older…but who is that person in the mirror? After fifty years of investing, you have grown a portfolio that nets over $25,000 a month and you feel good about what you have accomplished. You “retired” years ago when you hired a real estate property management company to handle the day to […]

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Legal Q & A by Richard Beckman, Attorney

Posted on 01. Jun, 2015 by .

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Question 1: What are some ways a landlord could deal with increasing water costs due to the unprecedented drought in California?

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Legal Q & A by Dennis Block, Attorney

Posted on 01. Jun, 2015 by .

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Question One: I recently attempted to evict my tenant as he failed to pay the rent. The tenant received free legal help and this firm has requested a jury trial and sent me interrogatories. My attorney is telling me that there is nothing he can do to prevent these requests and that my attorney fees, […]

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MRLANDLORD.COM Tips on Management – By Jeff Taylor, Mr. Landlord

Posted on 01. Jun, 2015 by .

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Turn Pennies into Dollars Tenants often move while owing money and often don’t provide a forwarding address, yet they nearly always leave coins on the floors. Gather the coins and place them in an envelope. Then call the references listed on their rental application to ask for help with locating your former tenant’s new address. […]

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Seven Ways to Fail in the Landlording Business – by Robert L. Cain

Posted on 01. Jun, 2015 by .

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Sometimes landlords forget they are in business.  That’s when they get into trouble.  Lots of people have made and continue to make good money by investing in and renting out property.  They do it by always watching out for their financial health by realizing that good business means

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How to Avoid Being Sued by Your Resident Manager – By Dale Alberstone, Esq.

Posted on 01. Jun, 2015 by .

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Hello everybody.  These past two years have seen a dramatic rise in the number of Superior Court lawsuits and Labor Commissioner proceedings filed by resident managers claiming that they were not properly paid for their services.  One cause for the increase is aggressive marketing by lawyers who specialize in representing resident managers on wage and […]

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How to Deal with Hoarding, Clutter and Fire Codes – By Kyle St. George

Posted on 01. Jun, 2015 by .

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The research on hoarding has greatly increased over the last several years thanks to exposure of shows like “Hoarders” and “Buried Alive.”

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Tax Hikes Loom for 2016 Ballot – Companies Leaving California

Posted on 01. Jun, 2015 by .

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Although it may seem far in the distant future, there has been a great deal of speculation regarding what ballot propositions might appear on the 2016 General Election ballot in California. Focusing on just those proposals having the potential for real harm to taxpayers, here is our short list:

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10 Tips on How to “Spring Clean” Your Rental Marketing Plan – By Independent Rental Owners Guide

Posted on 01. Jun, 2015 by .

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Following are 10 tips to achieve a seasonal marketing overhaul.  Take New Photos Spring is when the flowers look their very best, when the skies are crystal blue, the summer haze has not yet set in and leaves on trees are multiple shades of green.  Shoot new photos with all of your supplier partners at […]

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

Posted on 01. Jun, 2015 by .

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The “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 speakers who helped give them that one idea that will help them make and keep more money than ever!  Some even walked away with valuable […]

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How to Prevent Tenant Injuries – Are Your Rentals Safe? – By Ed Bartley

Posted on 01. Jun, 2015 by .

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Home – it’s the place you go to relax and get away from the stress of everyday life and it doesn’t matter if your home is a place you won or rent.  Your home is your castle. Unfortunately, according to the U.S. Centers for Disease Control and Prevention, 47% of all injuries requiring medical attention […]

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Help Us Protect Proposition 13 and Stop New Taxes! – By Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jun, 2015 by .

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In Sacramento today, the ONLY thing protecting your wallet is Proposition 13 – specifically its two-thirds majority vote requirement to impose and raise taxes.

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