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Archive for October, 2015
Know Your Limits on Rent Collection Practices – By Marc Courtenay
Posted on 01. Oct, 2015 by AOA of California, INC..
One of the challenges in the management of rental properties involves collection from residents behind on rent payments. Knowing the laws which govern the methods used for collection is a vital first step.
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The Most Important Word in Real Estate – By Bruce Norris
Posted on 01. Oct, 2015 by AOA of California, INC..
During the past month it was my privilege to speak several times at seminars for the Apartment Owners Association of California, Inc. (AOA). I opened each talk asking the audience, “What is the most important word in real estate?”
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Legal Q & A by Richard Beckman, Attorney
Posted on 01. Oct, 2015 by AOA of California, INC..
Question 1: Did the Richmond rent control law you mentioned in last month’s article pass? If so, what should we be aware of?
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“Renter Nation” – U.S. Homeownership Hits 48-Year Low – By Gary D. Halbert
Posted on 01. Oct, 2015 by AOA of California, INC..
The government’s Census Bureau recently reported that the U.S. homeownership rate fell to the lowest level in the last 48 years. It is indeed a sad awakening that the level of home ownership is now the lowest since 1967.
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Why Rent Control is Unfair and Hurts Landlords, Tenants and the Public Interest – By Paul Guppy
Posted on 01. Oct, 2015 by AOA of California, INC..
We’ve all heard the phrase “there ought to be a law,” when we see something happening that we don’t like. That is just what housing advocates are saying as they watch rents rise during the current building boom. Their solution is to reach for the biggest stick available; a city ordinance that imposes a cap […]
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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference! Wednesday, October 21st at the Los Angeles Convention Center – West Hall B
Posted on 01. Oct, 2015 by AOA of California, INC..
Mark your calendars for Wednesday, October 21st for AOA’s “Million Dollar Trade Show and Landlording Conference” in Los Angeles. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows, you may even go home with […]
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How to Write Off Practically Anything – By Karla Dennis
Posted on 01. Oct, 2015 by AOA of California, INC..
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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Why Use Mediation to Solve Landlord Tenant Issues? – By Sally Patchen
Posted on 01. Oct, 2015 by AOA of California, INC..
IT CAN SAVE YOU MONEY! The court system is difficult to wade into when you find yourself having to file an unlawful detainer against a tenant. Between the time it takes to serve the 3 day notice, file the unlawful detainer, get a court date, possible delays, time in court and the final lock-out by […]
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4 Tips to Maximize Resident Adoption of Mandatory Renters Insurance – By Jason White
Posted on 01. Oct, 2015 by AOA of California, INC..
According to a NMHC Apartment Cost of Risk Survey, 84% of property management firms have mandated renters insurance. Unfortunately, mandatory renters insurance doesn’t guarantee that residents will keep their policies active while living at your apartment community. In fact, 30% of third-party renters insurance policies are cancelled within lease term and an average community has […]
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An Obituary Printed in the London Times …Absolutely Brilliant!!
Posted on 01. Oct, 2015 by AOA of California, INC..
Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:
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Why Higher Taxes for Potholes Is a Bad Idea – By Jon Coupal, President of the Howard Jarvis Taxpayers Association
Posted on 01. Oct, 2015 by AOA of California, INC..
To paraphrase Ronald Reagan, here we go again. Once more, taxpayers are being told by our political elites that, if we want good roads, we have to have higher taxes. Not long ago, this column exposed the politicians’ plan to hike gas taxes along with vehicle license fees and registration. This plan, by San Jose […]
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MRLANDLORD.COM TIPS ON MANAGEMENT – Top Ten Landlording Tips!
Posted on 01. Oct, 2015 by AOA of California, INC..
Dear Resident, We Are Not a Bank One property manager was sharing with me that she has several past due residents, who were about to be evicted, were asking for more time to pay. They promised that a check (tax refund, payroll check, etc.) will be coming in the next week or so. The manager […]
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How to Get Two or Three Times More Rent and Much Better Tenants Without Section 8 – by Nick Sidoti, R.A.M.
Posted on 01. Oct, 2015 by AOA of California, INC..
You have heard it all before. Some of us have even said it ourselves – “Being a landlord can be a pain.” Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate. We also know all the benefits of investing in real estate. […]
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How to Avoid Big Problems with Laundry Leases – By Dale Alberstone, Esq.
Posted on 01. Oct, 2015 by AOA of California, INC..
Hello everybody. For many years I have cautioned members of the Apartment Owners Association about the insidious automatic renewal and extension clauses which frequently appear in laundry company leases. In my column this month I will review those and other problematic provisions and make specific recommendations to AOA members as to how to avoid them.
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San Francisco Rent Control Issues – By Gideon Kramer, SPOSFI News Editor
Posted on 01. Oct, 2015 by AOA of California, INC..
Q: Are Condominiums Exempt from Rent Control? With the plethora of rent control rules and regulations in San Francisco, there is widespread confusion about how condominiums are treated by the Rent Ordinance.
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Something to Think About #37 – The Airbnb Way to Establish Rents – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 – MLO: 249261
Posted on 01. Oct, 2015 by AOA of California, INC..
Preface: It’s interesting what can be done with just flour, water and a touch of salt. A cook can make tortillas, flatbreads, or pasta. A young mother can make finger paint or paper glue. Similarly, it’s fascinating how different business models turn the three elements of need (when, where, how much) into finished sales. This […]
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What Do Tenants Want in an Apartment Building? – By Tara Armbruster
Posted on 01. Oct, 2015 by AOA of California, INC..
As you determine ways to make your apartment complex more appealing to tenants, you should pay attention to the latest trends when it comes to outdoor spaces. More specifically, take note of what the American Society of Landscape Architects found when they conducted their Residential Landscape Architecture Trends survey. Then consider using these findings to […]
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Legal Q & A – by Franco Simone, Esq.
Posted on 01. Oct, 2015 by AOA of California, INC..
Q: My tenant filed a code compliance complaint with the city and did not notify me of the issues he complained of prior to filing the complaint. I am frustrated because I subsequently received code violation notices from the city and was not given an opportunity to address the violations. I am worried the tenant […]
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Overcoming Prospective Renter Objections – By Joyce Kirby
Posted on 01. Oct, 2015 by AOA of California, INC..
Webster defines the word “objection” as “A reason or argument presented in opposition; a feeling or expression of disapproval.” He makes an objection sound negative. In reality, an objection from a prospective renter is a positive buying signal. It tells the leasing person that he or she is interested, but needs help figuring out “details.”
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Five Tips for Managing Landlord Stress – By Jennifer Maughan
Posted on 01. Oct, 2015 by AOA of California, INC..
It’s no surprise that landlords and property managers have full schedules and endless things to do. With lots of tasks to juggle and plenty of jobs every day and every week, it’s easy for landlords to get burned out from the business.
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What is California’s Best Kept Secret? – By Richard Eisendrath
Posted on 01. Oct, 2015 by AOA of California, INC..
It is the first city you come to when you enter San Diego County coming down from Los Angeles and Orange County. As you enter the town, you can’t help but notice the harbor and beautiful beaches and … you are not the only one. The uptick in development in the beach area is stunning.
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1031 “Like-Kind” Exchange Faces an Uncertain Future – By Roger W. Bowlin
Posted on 01. Oct, 2015 by AOA of California, INC..
How important is the 1031 Exchange? To investment real estate owners – extremely! To the economy – very! To the short-sighted Federal Government? Insignificant. The Federal Government is willing to kill an important provision in the IRS Code that creates jobs, keeps investment dollars working and actually builds our economy. Congress has forgotten that investment […]
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Reasonable Accommodation/Modification Policies for Market Rate Tenancies – By Clifford A. Hockley
Posted on 01. Oct, 2015 by AOA of California, INC..
As the reasonable accommodation rules under the Fair Housing Act* continue to receive national press and more tenants use the rules to ask landlords to accommodate their special needs, it makes sense for landlords to codify their response to reasonable accommodation requests in order to maintain consistency.
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Legal Q & A – By Dennis Block
Posted on 01. Oct, 2015 by AOA of California, INC..
Question One: I have a rent controlled tenant in the City of Los Angeles. I want to temporarily move this tenant into a vacant unit while we remodel his unit. We have agreed that once he moves back in, rent will not be charged for the first year. Thereafter, rent will go up to market […]
