Receive news, updates and special deals by Joining AOA's Online Newsletter. Click now to sign up!

Archive for December, 2015

It’s Never Enough – By Jon Coupal

Posted on 01. Dec, 2015 by .

0

Chicago, Carl Sandburg’s “City of the big shoulders,” is about to find out just how heavy a tax burden homeowners are able to bear. Mayor Rahm Emanuel has revealed his plan for a massive property tax increase to pay for unfunded pension obligations. And for taxpayers, it isn’t pretty. The mayor wants a $543 million […]

Continue Reading

Merry Christmas – BIG Victory for Rental Property Owners!!

Posted on 01. Dec, 2015 by .

0

The following media release was issued by Ohio’s 1851 Center for Constitutional Lawregarding a recent decision in US District Court upholding the 4th Amendmentto the US Constitution – a big victory for rental property owners in Ohio!  Federal Court:  Cities’ Rental Licensing and Inspection Requirements Unconstitutional

Continue Reading

Arbitration and Mediation: Litigation Alternatives – By Dale Alberstone, Esq.

Posted on 01. Dec, 2015 by .

0

Hello everybody.  With the recent soaring cost of litigation, including court fees, attorneys’ fees, court reporter fees, deposition transcript fees, etc., aggrieved parties, and particularly apartment and other small business owners, now wisely endeavor to avoid judicial litigation in favor of alternative dispute resolution proceedings.  Both plaintiffs and defendants frequently find that mediation and/or binding […]

Continue Reading

Why U.S. House Prices STILL Have Significant Upside – By Dr. Steve Sjuggerud

Posted on 01. Dec, 2015 by .

0

You’re right… House prices have gone up – A LOT – in your area. I know it. You don’t have to tell me. I see it, too.

Continue Reading

Powers of Attorney: A Primer – By Edgar Saenz, Esq.

Posted on 01. Dec, 2015 by .

0

A power of attorney (POA) is a writing giving someone else the power to act as agent for the grantor.  The person granting the powers is called the “principal.”  The agent is called the attorney-in-fact. 

Continue Reading

CITY OF ALAMEDA PRESS RELEASE

Posted on 01. Dec, 2015 by .

0

 Council Adopts Urgency Ordinance Prohibiting Rent Increases over 8% and No Cause Evictions for 65 Days

Continue Reading

The Importance of the Move-In Property Condition Checklist – By Sean Martin

Posted on 01. Dec, 2015 by .

0

Perhaps the most important precursor to signing a lease agreement is the proper completion of a property condition checklist PRIOR to your tenant’s move-in.  The checklist is required to document the property’s condition, without which a rental owner [may have a difficult time] legally collecting or withholding any deposit money from the tenant.

Continue Reading

Stay Ahead in the Vacancy Game! – By Jeffrey Taylor

Posted on 01. Dec, 2015 by .

0

Every year, about 60 days out from year end, I ask if people are planning to move in the upcoming year. This year only one said yes (he’s leaving the Coast Guard and moving home.) I had his space rented more than 60 days before his lease is up, so that was good! And this […]

Continue Reading

Property Owners Prevail!! – By the SPOSFI Institute

Posted on 01. Dec, 2015 by .

0

Small property owners of San Francisco Institute and local property owners have prevailed in opposing the second effort by San Francisco to substantially increase Ellis Act relocation payments.

Continue Reading

Holiday Gift Ideas for Tenants – Size Doesn’t Matter – By Patricia A. Harris

Posted on 01. Dec, 2015 by .

0

Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to […]

Continue Reading

Bring Your Estate Plan “Up to Code” for the Holidays – by Kenneth Ziskin, Attorney

Posted on 01. Dec, 2015 by .

0

All of our thoughts turn to family during the Holiday season even more than the rest of the year.  That makes this a great time to consider whether the Estate Plan you have for your family is still “up to code.” No “inspector” will drop by unannounced to see if your

Continue Reading

Fool Me Once – Fool Me Twice (A Landlord’s Eviction Nightmare) – By Gregory T. Meyer, Attorney

Posted on 01. Dec, 2015 by .

0

The following true story highlights how tenants can take advantage of a generous landlord and the procedural nightmares that can come into play when attempting to regain possession of rental property.  A discussion the procedural history follows. (Keep in mind that the article was written with Texas law in mind.  The time periods referenced for […]

Continue Reading

Housing Market Sees Marked Improvement – By the California Association of Realtors

Posted on 01. Dec, 2015 by .

0

In 2015, more households were formed as the share of buyers who previously lived with their parents increased to 12%, according to the California Association of Realtors®’ “2015 Survey of California Home Buyers.”

Continue Reading

Praise the Landlord! – By Zachary Lawrence JD

Posted on 01. Dec, 2015 by .

0

This article is about a tenant’s right to exercise his or her religion vs. a landlord’s property rights. “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof.”

Continue Reading

Fed is Worried About the Global Economy and Deflation – By Gary D. Halbert

Posted on 01. Dec, 2015 by .

0

By now everyone reading this knows that the Federal Open Market Committee (FOMC) decided to leave the Fed Funds rate unchanged at 0.00%-0.25%. That decision probably means the key interest rate won’t be raised until the Fed’s December policy meeting, or maybe not until sometime next year. As I discussed The Fed is concerned that […]

Continue Reading

How to Double the Profitability of Your Rental Property – By Al Williamson

Posted on 01. Dec, 2015 by .

0

Conventional wisdom says buy as many rental units as possible. After all it’s good for your financial future and great for your ego. Collecting rentals is a well-worn path to financial freedom, but more needs to be said about profitability. Placing an emphasis on profitability is a must.  Try to double the profitability of your […]

Continue Reading

12 Tips for Being a Good Landlord and Keeping Tenants Happy – By Sharon Vornholt

Posted on 01. Dec, 2015 by .

0

Every landlord would like to lower the turnover in their properties. It’s costly to attract and retain good tenants, not to mention the costs you incur when they move out and you have to turn a vacant rental. It just makes good business sense to strive to have happy, long term tenants in your properties. […]

Continue Reading

Transitioning from T12 to T8, T5 or LED Lighting for Commercial Buildings – By Cliff Hockley

Posted on 01. Dec, 2015 by .

0

Electric lighting is responsible for over one quarter of the energy used in commercial buildings in the USA.  One reason why it continues to be a major contributor to operating costs is because many commercial buildings are still equipped with T12 light bulbs.

Continue Reading

How to Call the Police When You’re a Senior Citizen – By Anonymous

Posted on 01. Dec, 2015 by .

0

George Phillips, an elderly man from Meridian, Mississippi, was going up to bed when his wife told him that he’d left the light on in the garden shed, which she could see from the bedroom window.

Continue Reading

Something to Think About #39 – Uncle Sally’s Nephew, Part 2 – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Dec, 2015 by .

0

We’re continuing our annual review for the benefit of new readers. Last month we discussed What is an investment? What is an investor? Why Invest? We talked about the 4% Rule. We referenced stocks rather than income properties, and noted that the reason was twofold.

Continue Reading

Legal Q & A Service Animals – By Franco Simone, Esq.

Posted on 01. Dec, 2015 by .

0

Q: I do not allow pets in my apartment complex. I have tenant who is claiming that her cat is a therapy animal and is requesting a reasonable accommodation.  I do not think that allowing a cat in my apartment complex is reasonable.

Continue Reading

Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Dec, 2015 by .

0

Question 1: I gave a 60 days’ notice on July 31, 2015 to my Alameda tenant raising her rent from $1,400.00 to $1,500.00 to be effective 10/1/15. Her last rent increase was on 8/14/14 from $1,300.00 to $1,400.00.  I was surprised to find out that the City of Alameda has a recent new rent ordinance, […]

Continue Reading

City of Los Angeles Settles Housing Lawsuit After Judge Issues Tentative Ruling That the City Is Violating State Law – By Sheri Swist

Posted on 01. Dec, 2015 by .

0

Two lawsuits, one by an individual and the other by the Housing Reform Coalition of Los Angeles (HRCLA) and another individual, were brought against the City of Los Angeles.  Both lawsuits alleged that the City was violating state law under the Costa-Hawkins Rental Housing Act through portions of the Los Angeles Municipal Code and the […]

Continue Reading

Legal Q & A – By Dennis Block, Attorney

Posted on 01. Dec, 2015 by .

0

Question One: I own a condo unit in Los Angeles.  The condo building was built in 1970.  I would like to lease my condo for 60 days, pursuant to a standard written lease. The lease will provide that the tenant must vacate after the lease expires.  Since the property is under rent control, will my […]

Continue Reading