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Archive for September, 2015

Give Your Move-In Experience MomentumWith This Three-Month Plan – By Amanda Cupp

Posted on 01. Sep, 2015 by .

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How’s your move-in experience? If it consists of getting a signature, handing over the keys, and waiting for the checks to arrive, it may leave something to be desired. If your community isn’t putting its best foot forward with new residents, it’s time to give your

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REAP! Updated – Los Angeles Housing Department – By Dale Alberstone, Esq.

Posted on 01. Sep, 2015 by .

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Hello everybody.  My column this month will update AOA members on the REAP program administered by the City of Los Angeles.  This discussion will not be the typical “Los Angeles Housing Department bashing” articles you have undoubtedly read in various apartment trade publications during the past several years.  Rather, it will provide a matter-of-fact explanation […]

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Proper Tenant Screening – What Does a Messy Car Have to Do With a Bad Tenant? – By Christian Bryant

Posted on 01. Sep, 2015 by .

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I’m sure that most landlords know the value of an in-depth screening process when deciding to approve or deny a tenant.  You would be surprised how many landlords that I talk to actually skip this step and just trust what is written on a tenant’s application.

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IRS Depreciation Changes Effective with Your 2014 Tax Return – By Heather L. Jackson, CPA

Posted on 01. Sep, 2015 by .

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Warning: The following article attempts to clarify important changes to the tax code.  While pertinent to property owners, no amount of artistry could make this material more exciting. We recommend that readers use patience to digest this complex topic.

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NEWS RELEASE – Superior Court of CA Approves $10 Million Settlement Against Landlord!

Posted on 01. Sep, 2015 by .

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LOS ANGELES, Calif. − The Los Angeles-based plaintiff’s trial law firm McNicholas & McNicholas obtained a $10 million settlement against the California Department of Transportation (Caltrans) on behalf of the family of Connor M., a four year-old who ingested lead-based paint at Caltrans’ residential rental property. 

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Legal Q & A – by Richard Beckman

Posted on 01. Sep, 2015 by .

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Question 1:     Does Richmond have rent control now? Answer 1: The Richmond City Council had been on course to approve the first rent control law in decades. As drafted, it would be substantially similar to the rent control ordinances in San Francisco, Berkeley and

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Economy Recovery and the Supreme Court – By Gary D. Halbert

Posted on 01. Sep, 2015 by .

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Current Recovery is Worst Since 1960: Push to Scrap GDP You should know that there is growing evidence of a strong push by the Obama administration, and its willful accomplices in the media, to get rid of GDP as the bellwether indicator of the economy. It is true that GDP, as currently measured, is lacking […]

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Letters to the Editor…

Posted on 01. Sep, 2015 by .

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Dear AOA: Please let your readers know that I recently purchased 30 of the Kidde Smoke Alarm – Model   i12010S and they are continually chirping after installation.  The instructions indicate a low battery life?

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

Posted on 01. Sep, 2015 by .

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The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away iPads and 5-day cruises.  The show will be held on Wednesday, October 21, 2015 at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa!

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Why I’m Still Putting My Own Money Into U.S. Real Estate

Posted on 01. Sep, 2015 by .

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“What’s your top idea right now, Steve?  What are you doing with your own money?” The answer is simple – U.S. real estate.  Right now, I have a greater percentage of my net worth invested in the U.S. residential property market than in any other asset class – by far.  (I’m not even including my […]

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The Top 5 Property Management Questions Asked By Real Estate Investors – By Shawnee Ament

Posted on 01. Sep, 2015 by .

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Q: “Do I have to hire a professional management company?”

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Immigration and Discrimination – By Zachary Lawrence, JD

Posted on 01. Sep, 2015 by .

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Illegal immigration is back in the news. Donald Trump (aka “The Donald”), claims that illegal immigrants from Mexico are made up, primarily of  “rapists and murderers.” 

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Carpet Diem! 4 Ways to Preserve the Life of Your Carpet – By Tim Blackwell

Posted on 01. Sep, 2015 by .

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You can almost figure that the carpet in an apartment unit will probably have to be replaced long before the “Style Police” make a call. Picture walking into a recently vacated unit and seeing a year’s worth of

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Preventing Renter Fraud – Background and Credit Checks are Not Foolproof – By Glen Garrity, Police Detective (Retired)

Posted on 01. Sep, 2015 by .

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In 2008, I was part of a group of Newport Beach PD detectives that arrested eight people in an identity theft ring. The criminals made fake credit cards (with real credit card numbers) and fake driver’s licenses to match. It was estimated they fraudulently bought over $1.1 million in products and resold them on the […]

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Cat? … What Cat? – By Suzan Barazani

Posted on 01. Sep, 2015 by .

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We do not allow cats in our rental properties. No, we do not hate cats – we even believe the feline creatures are pretty and graceful in most cases. So we don’t mind the furry creatures … just not inside our properties. Why? Because we have had some bad experiences with cats spraying their territory, […]

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MRLANDLORD.COM Tips on Management. How to Fill Your Vacancies Faster – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Sep, 2015 by .

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My goal is to fill all vacancies within 72 hours!  If YOU are going to fill vacancies within 72 hours, one idea that that will help is to include a phone number in all ads – a phone number that will actually be answered (where prospects can actually reach you.)

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Make Your Rental Building Water-Wise and Educate Tenants – By Gideon Kramer

Posted on 01. Sep, 2015 by .

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Governor Brown’s recent executive order requiring California residents and businesses to reduce water consumption by at least 25% challenges us to start changing wasteful habits and implement some easy but effective ways to conserve water.  Our drought is unlikely to end anytime soon.

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Certainty in Taxation: Prop. 13’s Best Feature – By Jon Coupal – President of the Howard Jarvis Taxpayers Association

Posted on 01. Sep, 2015 by .

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In its more than 160-plus year history, few things have remained constant in California.  However, since the 1800’s California has taxed all classes of property the same. Thus, when the iconic Prop 13 passed in 1978, it did not differentiate between different kinds of property.

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Something to Think About #36 – Reading the Market – bu Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261

Posted on 01. Sep, 2015 by .

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The “Rich” Get Richer… The values of apartment buildings fluctuate. At a very important level that’s because they can be thought of simply as machines that generate a stream of income (called the Net Operating Income, or NOI). The thing is, as interest rates change the market doesn’t pay

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Legal Q & A – by Dennis Block

Posted on 01. Sep, 2015 by .

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Question One: I am selling my single family residence to a lovely family. Escrow is scheduled to close in 45 days. I have issued my long term tenant a 30-day notice to vacate. My tenant responded that she has lived in the house for over one year and therefore is entitled to a 60-day notice […]

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Using Data to Maximize the Resident Experience – by Brent Williams

Posted on 01. Sep, 2015 by .

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Do you have a way to measure your residents’ use of your property and your amenities?  Francis Chow, of Ellis Partners, who spoke at a recent Education Conference and Exposition, showed the audience why understanding touch points with your residents can be so critical to understanding your resident’s needs and how to impact their decision […]

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What to Say When Their “New” Landlord Calls – By Jennifer Chan

Posted on 01. Sep, 2015 by .

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When your current or former tenants are looking for a new apartment, your contact information may be submitted to their future landlord as a reference. Similar to how you request landlord references and complete a background check on your applicants, it’s a chance for you to help out a fellow landlord and give them an […]

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Legal Q & A How to Properly Screen Your Tenants – by Franco Simone, Esq.

Posted on 01. Sep, 2015 by .

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What factors can I legally consider when deciding whether or not to rent to someone? As a landlord there are certain factors that you are legally permitted to consider to accept or reject a potential tenant.  Permissible factors to consider

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Gone in 13 Days: Institute of Justice Holds IRS Accountable in North Carolina – By Robert Everett Johnson

Posted on 01. Sep, 2015 by .

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This article was supposed to introduce the Institute of Justice’s (IJ) latest civil forfeiture case, involving a North Carolina convenience store owner named Lyndon McLellan who has his entire bank account – more than $107,000 – seized because, according to the IRS, he made cash bank deposits in the “wrong”

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