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Archive for June, 2016
Cities to Watch: 2016’s Fastest-Growing Places – by Realtor®Mag
Posted on 01. Jun, 2016 by AOA of California, INC..
After being overthrown last year by Houston, Austin regains the number one spot as the fastest-growing city in the U.S., according to a new analysis by Forbes. Adding to its allure, Austin boasts booming technology, pharmaceutical and biotech industries as well as low-cost of living.
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Legal Q & A by Dennis Block, Attorney
Posted on 01. Jun, 2016 by AOA of California, INC..
Question One: My property is located in a rent control area. I have the front unit available and wanted to know if a lease can be drawn where no rent control rules apply. In other words, the tenant understands and accepts that the property is under rent control, but that either party may cancel the […]
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Legal Q & A The Importance of the Move-In and Move-Out Inspections – By Franco Simone, Esq.
Posted on 01. Jun, 2016 by AOA of California, INC..
Q: I just remodeled my unit and am going to rent it out this month. I know everything in the unit is new; do I still have to do a pre-move in walk through with my new tenant?
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Five Attributes of a Successful Leasing Agent – By Donald Davidoff
Posted on 01. Jun, 2016 by AOA of California, INC..
The job of a leasing associate is quite unique. Their primary responsibility is to sell successfully, yet they must be able to do so in an environment where they also maintain a service-oriented mindset. On a day-to-day basis, they’ve got a very predictable routine, yet they must be able to quickly adjust, as every interaction […]
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Seven Deadly Sins of Estate Planning For Apartment Owners – By Attorney Kenneth Ziskin
Posted on 01. Jun, 2016 by AOA of California, INC..
The key word in “Estate Planning for Apartment Owners” is PLANNING. When owners do not plan, or plan poorly, their heirs suffer financially from unnecessary taxes, wasted inheritances or losses to creditors and predators. [I use the latter term to refer to ex-spouses who may want to get their hands on the inheritance you meant […]
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What Will Trigger the Next Financial Crisis? – By Gary D. Halbert
Posted on 01. Jun, 2016 by AOA of California, INC..
A decade after homeowners used a soaring real estate market to go on a borrowing binge against their own home equity; many across the country are now falling behind on their payments. This looming crisis threatens to leave banks on the hook for hundreds of billions of dollars.
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Unlawful Discrimination Based on Criminal Records – By Dale Alberstone, Esq.
Posted on 01. Jun, 2016 by AOA of California, INC..
Hello everybody. AOA members may recall my discussion of age discrimination in the February 2015 issue of this magazine entitled “Discrimination Against Children: Traps and Pitfalls.” As I explained in that article, there are two types of age discrimination under California law: those acts that intentionally discriminate and those which have an adverse disparate impact […]
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Tips When Showing an Occupied Unit – By Julie Johnson
Posted on 01. Jun, 2016 by AOA of California, INC..
Having a vacant rental can sometimes be stressful. Many rental property owners want to minimize the time the property is vacant and would like to find a tenant before the last tenant has even moved. After all, having a vacancy means lost rent and hidden costs such as utilities and turnover costs.
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Murder and Crime by Illegal Aliens Continues! Join the Fight to End Sanctuary Cities – By Ted Hilton
Posted on 01. Jun, 2016 by AOA of California, INC..
Dear Patriotic Americans for Secure Borders: Taxpayer Revolution is very grateful to each of you for your assistance. Thank you very much to all of our patriotic donors who ensure our work continues to end sanctuary cities.
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Hesperia’s Crime-Free Rental Housing Program: Sheriff’s Must Approve Your Tenants
Posted on 01. Jun, 2016 by AOA of California, INC..
[AOA: Are you a housing provider in the city of Hesperia? If so, you have our sympathy. A new law was passed and became effective on January 1st of this year. The program and your requirements are listed below.] Effective January 1st, 2016, any rental property within the city limits of Hesperia is required to […]
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Rent Control in the Bay Area By Richard Beckman, Attorney
Posted on 01. Jun, 2016 by AOA of California, INC..
As most readers of this magazine know, several Bay Area cities have existing rent and eviction control laws, commonly referred to as “rent control.” Beginning with Berkeley, then San Francisco, then Oakland, these ordinances all share the same basic features of a rent control provision and an eviction control provision.
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Letters to the Editor…
Posted on 01. Jun, 2016 by AOA of California, INC..
Dear Dan: When you hire a lawyer and you ask for an idea of what it will cost, BEWARE. Any price quote you get in an email, as I did for an eviction, means nothing, because if you want to complain about the final fees, the State Bar will ONLY go by the contract you […]
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How Your Property Should Be Using Facebook – By Kerie Kerstetter
Posted on 01. Jun, 2016 by AOA of California, INC..
Apartments can no longer ignore social media – this we know. But how can you best leverage social media platforms? Residents are now turning to social media for recommendations, leasing info and customer service and this trend will only continue as a younger, social-media savvy generation comes of age for multifamily properties.
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ATTENTION: All San Francisco Owners of 3 or More Units and Rental Property Owners in Alameda! Alameda City Council Adopts Rent StabilizationAnd Eviction Limitation Ordinance – By Peter Reitz,
Posted on 01. Jun, 2016 by AOA of California, INC..
With rents in Alameda seeing dramatic increases over the past several years due to a tight rental market, politicians in this historically more affordable Bay Area community have been under intense pressure from tenant advocates to impose rent control measures in order to stabilize rents and deter evictions.
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14 Points That Must Be In Your Leasing and Marketing Plan – By Theresa Bradley-Banta
Posted on 01. Jun, 2016 by AOA of California, INC..
I recently received the following request from a multifamily investor: “Can you please send me a marketing plan post purchase for an apartment building I am buying (my bank wants this)”?
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OPEN LETTER TO MAYOR GARCETTI – What More Can the City of L.A. Do to Hurt Housing Providers?
Posted on 01. Jun, 2016 by AOA of California, INC..
Hello Mayor Garcetti: My name is Robin and I own a RENT CONTROL apartment building in Los Angeles.
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MRLANDLORD.COM MONTHLY Tips On Management – By Jeffrey Taylor
Posted on 01. Jun, 2016 by AOA of California, INC..
You Snooze You Lose! A landlord name David, shared how he had lost out on a possible good resident even though he had attempted to get back with him within two hours after receiving an emailed application. The applicant had already “found something!”
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Southern California Contractor Fined Over $28,000 For Failing to Warn Residents of Lead-Based Paint Dangers!
Posted on 01. Jun, 2016 by AOA of California, INC..
ATTENTION ALL LANDLORDS – EPA NEWS RELEASE SAN FRANCISCO – The U.S. Environmental Protection Agency recently fined G.D. Friend, Inc. (operating as Everlast Home Energy Solutions) $28,564 for failing to comply with the federal Renovation, Repair and Painting (RRP) Rule while performing renovation work at two residential properties in Southern California. This rule seeks to […]
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4 Most Common Tenant Complaints and How to Handle Them – By Rental Housing Journal Valley
Posted on 01. Jun, 2016 by AOA of California, INC..
Being a landlord inevitably includes dealing with tenant complaints. Managing those complaints promptly and effectively is essential for your relationships with the tenants, the security of your property and last but not least – for your landlord’s reputation.
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15 Way Applicants Dupe Landlords and Managers – By Teresa Billingsley
Posted on 01. Jun, 2016 by AOA of California, INC..
In general, you can deter scammers by following proper protocol. Your best defense is utilizing solid guidelines and practices. It also helps to know some of the common scams being used and be on alert. Below is a list of fifteen frequently used tricks many swindlers try that you need to beware of.
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How to Properly Pre- Screen a Prospective Tenant – By Zachary Lawrence JD
Posted on 01. Jun, 2016 by AOA of California, INC..
Pop icon Gloria Estefan recorded a song called “Seal Our Fate”. The lyrics remind us that we ” Seal our fate with the choices we make”. As a landlord and property manager, I can tell you that selecting a qualified (or unqualified) tenant is indeed a choice that has far reaching ramifications.
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AOA Million Dollar Trade Show and Landlording Conference a Huge Success!
Posted on 01. Jun, 2016 by AOA of California, INC..
AOA Trade Show a Huge Success! Our “Million Dollar” Trade Show and Landlording Conference last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that will help them make and keep more money than […]
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How Government Buys Your Support
Posted on 01. Jun, 2016 by AOA of California, INC..
In Iraq and Afghanistan, US military officers routinely handed bundles of cash to local residents to buy influence and undermine resistance to the American occupation. Such payments came in especially handy after US troops inadvertently killed innocent civilians or sheep. Billions of dollars were shoveled out with little or no oversight as part of the […]
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Something to Think About #45 – Uncle Sally’s Nephew, Part 8 – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261
Posted on 01. Jun, 2016 by AOA of California, INC..
The last seven articles have focused in various ways on the four (4) items that a thoughtful investor should consider before writing that first deposit check. Although certainly not touching on everything a new investor might confront during his or her investment career, these items are:
