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Archive for July, 2015

Landlording 101 – Tricks of the Trade – Looking Inside Your Tenant’s Mind – By Dan Auito

Posted on 26. Jul, 2015 by .

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It goes without saying but I will say it anyway. The better you understand your tenants and their personal situation, the better you can serve their needs and your own. Notice that your needs come after your tenants. Always put your tenants’ needs before your own and they will buy real estate for you in […]

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Legal Q & A – By Richard Beckman, Attorney

Posted on 01. Jul, 2015 by .

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Question 1: Has San Francisco changed its ‘Ellis Act’ relocation payment law again?

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Jul, 2015 by .

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Question One: I have a tenant in Los Angeles, under rent control, who is a hoarder. She has stacks of boxes, newspapers, clothing and other items throughout her unit. Some of the rooms are so filled with items, that the room literally cannot be accessed. I have previously written to her demanding that this must […]

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California’s New Sick Leave Law Starting July 1, 2015 – By Dale Alberstone, Esq.

Posted on 01. Jul, 2015 by .

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Hello everybody.  I am hopeful that AOA members recall from my discussion in the March 2015 issue of this magazine that effective July 1, 2015, California’s new sick leave law comes into effect.  In general, it provides that every employee in the State of California who works more than 30 days per year is entitled […]

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HJTA Initiative Would Make Housing More Affordable – By Jon Coupal

Posted on 01. Jul, 2015 by .

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As part of an ongoing effort to help those who struggle to keep a roof over their heads, the Howard Jarvis Taxpayers Association has filed an initiative that would increase the homeowners’ exemptionand the renters’ tax credit. This is the first step in qualifying the initiative, the California Homeowners and Renters Tax Relief Act of […]

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Want a Raise … In Taxes? – By Jon Coupal

Posted on 01. Jul, 2015 by .

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 Proposition 13 was created to strictly limit what’s called your ad valorem property tax – the tax linked to the value of your home when you bought it – the amount that appears “above the line” on your property tax bill.

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Federal Legislation Threatens 1031 Exchanges – By Jade Bossert

Posted on 01. Jul, 2015 by .

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IRC 1031 allows owners of investment property to defer capital gains taxes, on the sale of property, so long as another investment property is purchased per the rules of the IRC 1031. Tax deferred exchanges have long been utilized by apartment complex owners to defer taxes and build their investment portfolios.  Many owners of multifamily […]

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Seismic Retrofit Financing and Tenant Pass-Throughs – By Deborah Lopez

Posted on 01. Jul, 2015 by .

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As building owners move forward with implementing the Mandatory Soft Story Retrofit (MSSR) program, there may be some confusion about the financing programs and pass-through allowances available for the costs of complying with the program.

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BREAKING NEWS: IRS Announces Imminent Limitations on Use of Discounts to Save Estate Taxes! – By Attorney Kenneth Ziskin

Posted on 01. Jul, 2015 by .

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In mid-May, 2015, a senior Treasury Department Estate and Gift Tax attorney announced that the government will soon issue regulations that will limit, or even eliminate, the ability to use “discounts” to save estate taxes for your family.  She projected that the IRS would adopt (or propose) these new regulations before the end of September, […]

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Five Ways to Keep Good Tenants – By Robert Cain

Posted on 01. Jul, 2015 by .

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How much does it cost to find a new tenant? We lose at least a month’s rent. Then there’s the advertising and marketing costs, the trips to the property for showings, the time spent screening. After that, we endure the aggravation, the no-shows, the no-way-I-would-rent-to-them applicants, and the stress over no rent to cover the […]

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Executing the Move-In Inspection and Dealing With Move-Outs – By Lori Hammond

Posted on 01. Jul, 2015 by .

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The completion of a move-in inspection is a document with serious legal ramifications. Without a complete and executed move-in inspection form, management has no documentation to show the condition of the apartment at the time of move in.  An executed document shows the resident accepted the condition of the apartment with whatever notated findings.  There […]

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Something to Think About #34 – Negative Interest Rates – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 – MLO: 249261

Posted on 01. Jul, 2015 by .

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For a variety of reasons, widespread negative interest rates probably won’t happen in America, at least in the near future. Below zero interest rates are hugely stimulative and wouldn’t be appropriate when government figures indicate growth over the last 12 months is somewhere above zero, depending on who is

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Understanding the Unlawful Detainer (Eviction) Trial – By Leslie Born, Attorney

Posted on 01. Jul, 2015 by .

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Unlawful Detainer is the name of the action filed by an owner or landlord to gain possession of property. This is usually done after a breach in a rental agreement; the most common of which is non-payment of rent. An Unlawful Detainer or (UD) action can also be filed when the landlord/owner wants to retake […]

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Scoring System for Rental Applicants – By Jeffrey Taylor

Posted on 01. Jul, 2015 by .

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Many landlords, myself included, like to use a written scoring system where applicants receive points for various criteria.  If an applicant reaches a score they meet the minimum requirements. One landlord started the discussion by asking if others can share about the scoring system they use.  Below is one example of a scoring system that […]

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Are Your Marketing Efforts Lost? It’s Time to Create Your Marketing Roadmap! – By Cathy Macaione, CM@cathymac.net

Posted on 01. Jul, 2015 by .

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  When it comes to marketing your community, if you always do what you’ve always done, you’ll go broke. How you reach potential renters has dramatically changed in the past few years. Gone are the days when you can simply place an ad in an apartment magazine and hope the telephone will ring. These days, […]

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Your Property Management Checklist … It’s All in the Details – By Anne Tucker, NeoBios Consulting Group

Posted on 01. Jul, 2015 by .

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Independent rental owners juggle many responsibilities that may include other full-time or part-time employment. Trying to keep track of items to do and items completed stretches the limits of time and sanity.

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Inexpensive Ways to Attract Good Residents- By Marc Courtenay

Posted on 01. Jul, 2015 by .

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In the world of investing there’s an old adage:  “Money goes where it’s treated best”.  The same could be said for the best residents.

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10 Tips on Being a Successful Landlord – By AllBusiness.com

Posted on 01. Jul, 2015 by .

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One key to being a successful landlord is taking the time to pick the best tenants and keeping the rental property maintained. If you do not have the time to keep up a property on your own, or if you own several rental properties, you can quickly become overwhelmed. The ten tips provided below are […]

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Legal Q & A Spotting Fraud in Rental Listings – By Franco Simone, Attorney

Posted on 01. Jul, 2015 by .

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 What are the warning signs of fraud in renting? [i]

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Tenant’s Guest Sues Landlord for $920,000 Over Trip and Fall! – By Kevin Knight

Posted on 01. Jul, 2015 by .

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 This article will examine a trip and fall on stairs that caused potentially catastrophic injuries and medical expenses for the Plaintiff and possibly for the landlord.

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Apartment Rent Growth Levels Hit New Highs For Both New Leases and Renewals – By Jay Parsons

Posted on 01. Jul, 2015 by .

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The U.S. apartment industry continues to exceed performance expectations, with real rent growth levels in April 2015 surpassing the cycle’s previous peak set back in 2011. New highs in rent growth were seen for both new resident leases and for renewal leases.

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How is Housing Supposed to be Provided? – By Albert Sukoff

Posted on 01. Jul, 2015 by .

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There was a review of Barney Frank’s memoir in the Sunday Chronicle.  The reviewer gave Frank credit for not shying away from the liberal label by using progressive instead.  I would never equate the two.  In a previous editorial, I delineated what I see as the difference between liberals and progressives.

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Four Tips for Leveraging Property Maintenance to Improve Resident Retention – By Jen Piccotti

Posted on 01. Jul, 2015 by .

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In the 2012 SatisFacts Research-published ebook, Getting Inside the Head of the Online Renter, it was revealed that the highest ranking factor for an apartment resident’s lease renewal decision was “Quality of Maintenance Service Provided.”

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Letters to the editor

Posted on 01. Jul, 2015 by .

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Dear AOA: Thought we would share what a Commissioner in the San Diego Superior Court Small Claims Court said about your rental agreement at our hearing on Tuesday, February 3rd. The Rental Agreement is too far reaching as it seems to cover any possible problem you could encounter. Informed him we used the AOA agreement […]

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Fed Chair Janet Yellen Warns of “Secular Stagnation” – By Gary D. Halbert

Posted on 01. Jul, 2015 by .

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In her speech on March 27 at the Federal Reserve Bank in San Francisco, Ms. Yellen repeated her usual points about the Fed needing to begin normalizing the Fed Funds rate this year. She noted that the economy continues to recover; however, she did acknowledge that growth in the first quarter slowed somewhat, mainly due […]

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