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Archive for January, 2016

Management Tips to Increase Cash Flow – By Elizabeth Reynolds

Posted on 01. Jan, 2016 by .

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We are enjoying a very strong real estate market in California at this time!  The rental market is thriving and with low inventory on the market, this is an ideal time to own investment properties in California.  Given California’s diversity and the job market strengthening, we have a rising confidence in our economy.  Given these […]

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Beware the Unofficial, Official-Looking Envelope – by Edgar Saenz, Esq.

Posted on 01. Jan, 2016 by .

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Has this ever happened to you?  A week or two after you or your lawyer record a deed in Los Angeles County, you get a letter from the “Los Angeles Recorder” or the “Local Records Office” or the “Local Records Services”?  You open the envelope and discover that for a fee ranging from $80 to […]

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Letter to the Editor…City of Richmond Code Enforcement

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Below is an open-letter discussion between apartment owner, Donald Kreiss and Bill Lindsay, the City Manager of Richmond regarding the Richmond Code Enforcement Program.

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Start the New Year Off With a Rental Operations Manual – By Robert L. Cain

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Can your rental property business run without you?  What if you wanted to take a three-month vacation, could you rest assured that your business would function just fine in the hands of a substitute landlord?  What if you wanted to retire and sell off your investment properties, would their value be higher if you had […]

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The Impact of Vacancy Decontrol – By Michael St. John

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Berkeley property owners are glad for vacancy decontrol.  It has saved us from the truly unworkable situation that prevailed from 1980 through 1998 – old-style, restrictive rent control that caused not a few owners to lose their properties and that prevented a fair return for us all.  Happily, our legislators in Sacramento could see that […]

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New “Largest-Ever” Apartment Rental Survey Highlights Amenities Consumers Want – By the National Multifamily Housing Council

Posted on 01. Jan, 2016 by .

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The rise of apartment living is changing communities, driving new development and raising the expectations for the amenities and services offered to the 38 million people in the U.S. who call an apartment home. From walkable neighborhoods to on-site fitness classes, package pick-up solutions to online rent payments and more, new data from the largest-ever […]

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How Investors Use Leverage to Increase Their Return on Equity – by Albert Banks

Posted on 01. Jan, 2016 by .

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What is Leverage? Leverage is the use of debt to increase the potential return of an investment. By using leverage, investors can control more property and potentially increase their Return on Equity (“ROE”) invested. There is no “correct” method of employing leverage. Some investors prefer to maximize leverage (usually 75% Loan to Value (“LTV”) in […]

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Start the New Year Off Safer – Renters’ Insurance Benefits Tenants and Landlords – By Stacey A. Scott

Posted on 01. Jan, 2016 by .

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Renters’ insurance can cost your tenants as little as $10 to $20 per month and could save you, as the landlord, thousands in claims, out of pocket expenses and insurance rate hikes. A typical renters’ insurance policy covers property for the tenant’s belongings, emergency housing and moving expenses plus liability insurance which can serve as […]

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27 New Year’s Resolutions and New Laws for Landlords – by Patricia A. Harris

Posted on 01. Jan, 2016 by .

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AOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble.  Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year.   Our goal is your continued success!

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FORECASTS & TRENDS U.S. Debt to Hit $20 Trillion, Poverty Remains Rampant – by Gary D. Halbert

Posted on 01. Jan, 2016 by .

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As long-time clients and readers are well aware, the explosion in our national debt has been one of my continuing themes over the last 30+ years, under both Republican and Democrat presidents. So today’s discussion is not a political issue, and it should worry us all.

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Something to Think About #40 – Uncle Sally’s Nephew, Part 3 – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107- MLO: 249261

Posted on 01. Jan, 2016 by .

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What we hope to do with this article is to explore a way to quickly estimate the value of an apartment building.  Quickly means before the water boils. Estimate means that we’re not doing a formal appraisal, but we are ballparking the value. The process we’ll be using works on non-residential properties as well, but […]

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Legal Q & A Section 8 Tenants – By Franco Simone, Esq.

Posted on 01. Jan, 2016 by .

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Q:  I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to pay $20.00 […]

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Back to the Future – Richmond Passes Rent Control Ordinance – By Kenneth Broder, AllGov.com

Posted on 01. Jan, 2016 by .

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 In a scene that hasn’t been witnessed in California in almost 30 years but was perhaps more reminiscent of the late 60’s, the Richmond City Council passed a rent control ordinance, limiting annual hikes to what currently amounts to 2%.

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Legal Q & A NEW LAWS FOR 2016 – By Richard Beckman, Attorney

Posted on 01. Jan, 2016 by .

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Question 1:  Are there any new landlord-tenant laws we should know about for 2016?

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Too Much Maintenance Will Put You Out of Business – by Cliff Hockley, President

Posted on 01. Jan, 2016 by .

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Julie just purchased a 40 unit apartment property, built in 1980 in southern Texas, a town’s name that will be kept secret for now… to protect the innocent. It gets so hot in this part of Texas that all units have air conditioning and of course brick clad exterior to keep it cool inside. The […]

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“Lawyer Tax” on Real Estate Removed, For Now – By Jon Coupal, President of the Howard Jarvis Taxpayers Association

Posted on 01. Jan, 2016 by .

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Finally, those leaving property to their heirs will be able to avoid the expense of hiring an attorney. There is no need to make the inheritance of real estate so costly that it becomes a hardship on homeowners, especially low income families and seniors.

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Free to Choose – Estate Taxes – By the Cato Institute

Posted on 01. Jan, 2016 by .

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As we ponder our legacy and consider what we can leave to our kids, grandkids, friends and charity, most of us need not be too concerned about the impact of estate taxes.  This stands in sharp contrast to the situation that existed not long ago.  In 2001, estates exceeding $675,000 were potentially subject to these […]

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Apartment Managers: Wage, Hour and Rent Laws for 2016 – By Dale Alberstone, ESQ

Posted on 01. Jan, 2016 by .

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­­­­­­­­­­­­­­­­­­Cut-out Summary  ALBERSTONE & ALBERSTONE DALE S. ALBERSTONE, ESQ. 1900 Avenue of the Stars, Suite 650, Los Angeles, CA 90067 TELEPHONE: (310) 277-7300     FAX:  (310) 277-7307                                                                                                                                  Apartment Managers:  Wage, Hour and Rent Laws for 2016

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2016 New Year’s Resolution: Sign a Manager’s Agreement!! – By Dale Alberstone, Esq.

Posted on 01. Jan, 2016 by .

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Hello everybody.  Most everyone hopes that 2016 will bring about world peace, a strong economy, a good presidential election and other important things like that. As the legal writer for the Apartment Owners Association, my wish and 2016 New Year’s Resolution for AOA members is more modest, but nonetheless extremely important for owners and management […]

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Landlording Sucks If You Don’t Know What You’re Doing and … Six Main Keys for Getting 100% of the Income – By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Jan, 2016 by .

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While rental houses are a great line of business to get into, in order to make consistent cash flow and long-term wealth, there are a few survival strategies to consider.  This is particularly true if you are managing them yourself.  There are all kinds of reasons that rentals are a good, solid investment for most […]

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Rent Control is Not the Solution for California’s Housing Crisis – By Roger Sanders

Posted on 01. Jan, 2016 by .

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Since 1984, I have lived primarily in San Francisco.  Before I moved to my home in Oakland in 2004 I lived in a one bedroom apartment in a 12-unit building at the top of Russian Hill – one block from the “crookedest street in the world”.  When I moved, I was paying $640 in monthly […]

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Legal Question and Answers – by Dennis Block, Attorney

Posted on 01. Jan, 2016 by .

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Question One: My tenant has just given me notice that he will be vacating in 30 days. He is currently on a one-year lease which will not expire until June, 2016. He informs me that since his place of employment is relocating, he has the right to have an early termination of the lease. Is […]

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