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

Archive for August, 2016

URGENT TAX ALERT FOR APARTMENT OWNERS WITH LARGE ESTATES – By Ken Ziskin, attorney

Posted on 04. Aug, 2016 by .

0

If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOW.  The new Proposed Regulations, released this week, are designed […]

Continue Reading

Monthly Management Tips From MRLANDLORD.COM – By Jeff Taylor

Posted on 01. Aug, 2016 by .

0

Red Flag if Rental Applicant is Not on a Current Lease! When screening and verifying prospective residents, the general consensus among landlords is to consider it a red flag if a rental applicant is neither on the lease nor paying rent at their current residence in which they are vacating. For example, if the applicant […]

Continue Reading

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

Posted on 01. Aug, 2016 by .

0

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 willbe held onTuesday, September 20th at the Los Angeles Convention Center in West Hall B, 1201 N. Figueroa!

Continue Reading

New Senate and Assembly Bills that Impact Property Owners, Housing Availability and Affordability – By Joe Washburn

Posted on 01. Aug, 2016 by .

0

AB 2819 – Hides Tenant Defaults Indefinitely Requires unlawful detainer proceedings to be hidden permanently unless the property owner prevails on a default judgment, summary judgment, trial, or stipulations by all parties.  Allows rent cheats to hide their bad actions and perpetrate harm on other property owners by keeping the unlawful detainer proceedings hidden from […]

Continue Reading

Questions and Answers About the Campbell Rent Increase Dispute Resolution Program

Posted on 01. Aug, 2016 by .

0

What Is The Dispute Resolution Process? The Rent Increase Dispute Resolution Ordinance establishes a process for resolution of tenant/landlord disputes concerning rent increases, housing services or proposed evictions. The City, acting through Project Sentinel will provide information, counseling, conciliation and mediation services to residents and owners of rental property in the City of Campbell. 

Continue Reading

How Landlords Can Create a Win-Win For Tenants and Employees – By Gino Barbaro

Posted on 01. Aug, 2016 by .

0

One of the best ways to retain quality tenants in your apartments is to create a sense of community, a place where tenants call home and where they want to live with their friends and family. Along with creating a sense of community for your tenants, landlords need to create a positive and empowering environment […]

Continue Reading

Five Questions to Ask Prospective Tenants – By Lia Smith

Posted on 01. Aug, 2016 by .

0

Ah … guest cards.  For all the good they do – documenting contact information, ensuring consistency for fair housing, keeping track of follow- up attempts – they don’t provide much in the way of helping to establish an emotional connection with a prospect.   There is a two-part strategy to securing more leases:

Continue Reading

How to Show an Apartment That Isn’t Rent-Ready – By Joyce Kirby

Posted on 01. Aug, 2016 by .

0

While market conditions remain strong, there may be times when you find yourself in a situation where you have no apartment to show.  Maybe you don’t have a model or you’re in a make-ready process with the vacant apartments that are available. Here is the question: 

Continue Reading

TIME IS RUNNING OUT TO STOP THE TRASH MONOPOLY AND PROTECT YOUR BUSINESS FREEDOM!

Posted on 01. Aug, 2016 by .

0

Dear Apartment and Business Owners: As the City of Los Angeles speaks about being a “Business Friendly” City, their actions prove otherwise. You may or may not know, the City of Los Angeles has initiated an Exclusive Trash Franchise Ordinance that will impact all Commercial Business, Non-Profits and Apartments in Los Angeles.

Continue Reading

Legal Q & A – By Franco Simone, Esq.

Posted on 01. Aug, 2016 by .

0

Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years so you do not lose rent trying to find […]

Continue Reading

New Ordinances Require “Soft Story” Retrofits in Metropolitan Multi-Family Units – by David Lopp

Posted on 01. Aug, 2016 by .

0

 The adoption of Soft-Story Retrofit Ordinance recognizes a vulnerable building type and mandates corrective measures.  It is common knowledge that California geology is vulnerable to earthquakes. Geological records show a pattern of seismic events that can be used to determine the locations most susceptible to an earthquake.  The experience of seismic events within our lifetime […]

Continue Reading

Fresh Off the Press: Forbes’ Annual “Jerk Detector”

Posted on 01. Aug, 2016 by .

0

Forbes just published my favorite issue of the year – its annual “jerk detector”. The financial magazine just released its annual “Billionaires” edition.  It says the world has 1,810 billionaires.  Their combined net worth is $6.5 trillion. I always look forward to the Forbes “Billionaires” issue even though it’s not full of hints and tips […]

Continue Reading

Which Codes, Laws or Regulations Affect Automatic Driveway Gates? – By Star Steel, Inc, Lic. #: 618336

Posted on 01. Aug, 2016 by .

0

The answer to question posed in the title largely depends on your location, although there are national codes and guidelines that should also be followed. This topic is fairly dry yet important one. We’ll try to give you just the important highlights without wading too far into the deep end.

Continue Reading

Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Aug, 2016 by .

0

Question 1:  I verbally gave my renter permission to paint one room of my unit, which was originally white, to a color that they’d prefer, without stipulating any conditions. They painted the entire interior. Now that they are moving out, I want to return the interior spaces to their original white. Can I charge my […]

Continue Reading

How Does Gentrification Affect Property Management? – By All Property Management

Posted on 01. Aug, 2016 by .

0

What is Gentrification? Neighborhood gentrification is the transformation of a low-value area into a high-value one. It generally begins with “urban pioneers” of the middle class who move into neighborhoods near city centers, encouraging more and more of them to do the same. According to London and Palen in their 1984 report, these pioneers are […]

Continue Reading

Non-Refundable Purchase Deposits and Liquidated Damages – By Dale Alberstone, Esq.

Posted on 01. Aug, 2016 by .

0

Hello everybody.  My discussion this month examines the validity of a “non-refundable” deposit clause in a real estate purchase contract and related liquidated damages provisions. The California Court of Appeal case of Kuish v. Smith, 181 Cal.App.4th 1419, well illustrates current law. The Kuish Decision In Kuish, the buyer (Kuish) entered into a written contract […]

Continue Reading

Americans Working Beyond Age 65 Hits New Record High – By Gary Halbert

Posted on 01. Aug, 2016 by .

0

Almost 20% of Americans 65 and older are still working, according to the latest data from the US Bureau of Labor Statistics (BLS). That’s the highest percentage of 65+ people still working since the early 1960s, before the US enacted Medicare. Because of the huge Baby Boom generation that is just now hitting retirement age, […]

Continue Reading

Legal Q & A by Dennis Block, Attorney

Posted on 01. Aug, 2016 by .

0

Question 1:  Due to the extraordinary hot weather, my tenant is demanding that I install an air conditioner. Do I have a legal obligation to do so? Answer 1: There is no obligation for a landlord to install an air conditioner under the California Civil Code. A habitable dwelling does not require air conditioning. If, […]

Continue Reading

Did Your 2015 Goal Planning Work Out? – By Landlord Education

Posted on 01. Aug, 2016 by .

0

Did you even goal plan? Without goals, you simply end up coasting through life and as the last several years of my life have shown me, you need to know when to coast and when to push. When I look back at my most successful years, it all started with goals, plans and a destination. […]

Continue Reading

Something to Think About #47 – Uncle Sally’s Nephew, Part 10 – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 – MLO: 249261

Posted on 01. Aug, 2016 by .

0

Continued from Part 9:  Her interest did not rise to enthusiasm, but she still went to drive the area and walk the property. Her promise to the agent not to get out of her car didn’t count because her fingers were crossed. The current owners appeared to have had a longstanding “no maintenance” policy and […]

Continue Reading

City of Highland is Sued for Attempting Warrantless Snooping on Rental Property!

Posted on 01. Aug, 2016 by .

0

The City of Highland is violating fundamental constitutional rights by trying to coerce landlords and tenants into surrendering their freedom from unjustified, warrantless government intrusion on their property. So argues a new federal lawsuit against the city. It challenges the city’s attempt to pressure a rental property owner and his tenants into allowing an open-ended […]

Continue Reading

Implementing a Utility Bill Back System for Multifamily Properties – By Cliff Hockley

Posted on 01. Aug, 2016 by .

0

As utility costs increase, owners of multifamily properties have searched for a fair method to pass on these expenses. Most multifamily properties in the western states today have been built with separate electrical and gas metering so tenants expect to pay their own electric and gas bills. Landlords have traditionally paid for the water and […]

Continue Reading

What is Proper Discrimination? – By Zachary Lawrence JD

Posted on 01. Aug, 2016 by .

0

“Room for Rent in Owner-Occupied Single Family Home.  No Jews, Blacks or Muslims.” One glance at this fictitious ad may cause you to accuse the landlord of overt discrimination. It may also cause you to throw up. But is this ad discriminatory or simply a homeowner exercising his or her property rights? According to Merriam-Webster’s […]

Continue Reading

Leasing With Confidence: Every Prospect is a Future Resident – By Lori Hammond

Posted on 01. Aug, 2016 by .

0

The most important function in property management is leasing. With no rentals, no residents; no rental income; no revenue; expenses can’t be paid, property failure results in foreclosure. Leasing is the life blood of our industry. Unfortunately, leasing positions at a property are viewed as the entry level and experience the highest volume of turnover. […]

Continue Reading