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Archive for September, 2016

Important Notice for Alameda Landlords

Posted on 27. Sep, 2016 by .

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Alameda Rent Program – Notices and Materials to be Provided to Current and Prospective Tenants  The Alameda Rent Program Information Brochure relating to Ordinance 3148 is now available for landlords to distribute to current and prospective tenants.  By October 15th, 2016, Landlords are required to provide the web link to the INFORMATION BROCHURE or provide […]

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What is the Value of a Single Lease Renewal? – By John Wilhoit, Jr.

Posted on 01. Sep, 2016 by .

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Whether you operate a shoe shine stand or a multifamily property, your business is built on renewals, or re-occurring income from existing customers.  In multifamily, a high percentage renewal rate makes for a much more predictable income stream. The value of a lease renewal can be quantified.  Granted, while different for each property, the amount […]

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Rental Properties: How to Cut Maintenance Costs by 25% – by Doug Smith

Posted on 01. Sep, 2016 by .

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Current market conditions have made investing in long-term rental property more appealing than ever. If you buy a few rental properties and self-manage them, you’ll have several duties (in addition to cashing checks). One of the biggest is trying to keep your maintenance costs as low as possible.

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Inspecting Rental Units to Combat Habitability Claims -By Eviction Attorney, Michael A. Brennan

Posted on 01. Sep, 2016 by .

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Any landlord who has done an eviction knows that tenants always claim the landlord breached the “warranty of habitability” as a defense to an eviction. In order to be successful, a tenant must prove four elements; 1) A substantial defect existed in the rental unit; 2) the landlord had either actual or constructive knowledge of […]

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Bubbles All Around! by Bruce Norris

Posted on 01. Sep, 2016 by .

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Definition of a bubble: “When no other intelligent investor will pay you what your asset is currently worth.” I recently talked to a packed crowd at the latest AOA. meeting. It was standing room only; wall to wall. Hmmmm, I wonder what’s going on? So I made the statement, “You guys are either really excited […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Sep, 2016 by .

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Question 1: We discovered that our tenant has sublet a room in the apartment. This is a breach of her contract. We are trying to figure out how to deal with this situation so we will not be legally bound to a contract with this subtenant, if the current tenant moves out. We were thinking […]

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Rental Property Management – It Will Make or Break Your Rental Property Investment Business – By Mark Petrelis

Posted on 01. Sep, 2016 by .

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Don’t get freaked out about the term “rental property management”, it sounds threatening but all it really means is:  A Game Plan to Keep Your Rentals Headache Free, Cash Flow Animal Does that sound a little better than rental property management? You better believe it does and guess what. Managing rental apartments is simply a […]

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“’Right to Vote on Taxes” Case Now Before California Supreme Court – By Jon Coupal, President of the Howard Jarvis Taxpayers Association

Posted on 01. Sep, 2016 by .

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Earlier this year, the California Supreme Court agreed to hear a case that could determine whether the right to vote on local taxes, which is constitutionally guaranteed by both Propositions 13 and 218, will cease to exist.

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Fed Votes Unanimously to Leave Rates Unchanged

Posted on 01. Sep, 2016 by .

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To almost no one’s surprise, the Fed voted not to raise its key short-term interest rate in June. While a number of Fed officials were vocal about raising the rate, the very disappointing May unemployment report on June 3, which showed the economy produced only 38,000 new jobs last month versus a projected 160,000, dashed […]

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Service Dogs and Support Animals: Here is What You Need to Know! – By Dale Alberstone, Esq.

Posted on 01. Sep, 2016 by .

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Flying home on American Airlines this past July on a six hour leg from Boston to Los Angeles, the woman seated next to me placed her small Poodle on the airplane’s cabin floor just in front of her feet.  After I made a few comments to her about how cute her puppy was (although it […]

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Rent Control in Long Beach? (“Tenant Welfare!”) – By Michael Millman, Esq.

Posted on 01. Sep, 2016 by .

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I live in Los Angeles and I am a Trial Attorney.  My family has rental properties in Los Angeles and Santa Monica.  I have fought and litigated in both Los Angeles and Santa Monica against restrictive, unlawful, illegal and oppressive rent control.

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How to Write Off Practically Anything – By Karla Dennis

Posted on 01. Sep, 2016 by .

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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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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. Sep, 2016 by .

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Tuesday, September 20th at the Los Angeles Convention Center – West Hall B  Mark your calendars for Tuesday, September 20th 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 […]

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Something to Think About #48 – Uncle Sally’s Nephew, Part 11 – by Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261

Posted on 01. Sep, 2016 by .

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Continued from Part 10: The living room of each unit was in front, looking towards the street. Behind it was the tandem dining room with built-in hutch, then the kitchen. The bathroom was behind the kitchen, with the rear bedroom having a view of the small back yard and garages. Emily thought of film noir […]

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Monthly Management Tips From MRLANDLORD.COM – By Jeff Taylor, “Mr. Landlord”

Posted on 01. Sep, 2016 by .

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What’s the First Response You Use?  What are the first words out of your mouth when you hear one of your residents say, “I lost my job and I will be late with rent this month”? Here’s the top four landlord responses shared on MrLandlord.com.  Which one is your favorite?

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Letter to the Editor…

Posted on 01. Sep, 2016 by .

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Is San Jose Code Enforcement Becoming a Brain-Dead Organization?  My name is M. Paul G. and I am the proud owner of rental property in San Jose.  I am also a General Contractor, licensed by the State of California. In 2013 I repaired, on my own initiative, a section of the deteriorated alley for which […]

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Fed Votes Unanimously to Leave Rates Unchanged – By Gary D. Halbert

Posted on 01. Sep, 2016 by .

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To almost no one’s surprise, the Fed voted not to raise its key short-term interest rate in June. While a number of Fed officials were vocal about raising the rate, the very disappointing May unemployment report on June 3, which showed the economy produced only 38,000 new jobs last month versus a projected 160,000, dashed […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Sep, 2016 by .

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Q:  My tenant is two months behind on his rent He told me if I try to evict him he will file bankruptcy to stop the eviction, can he do that?

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UCLA Survey: Apartment Owners Support Non-Smoking Policies in Los Angeles -By Smoke-Free Apartment Living

Posted on 01. Sep, 2016 by .

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As an apartment owner, you may have considered banning smoking inside your rental property, but you’ve hesitated until you learn more about the legality and benefits of such a decision. If that sounds familiar, you’re not alone!

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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. Sep, 2016 by .

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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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Wrongful Eviction Insurance: More Important Than Ever – By Steven L. Hammond, Esq.

Posted on 01. Sep, 2016 by .

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Skyrocketing rents mean that tenants have more financial incentive than ever to sue for wrongful eviction and other claimed violations of the San Francisco Rent Ordinance. Many rental property owners and operators are unaware that they lack adequate wrongful eviction insurance to protect against such claims. Even if an owner wins a wrongful eviction or […]

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Legal Analysis of Quiet Title Claims for Apartment Owners and Deed of Trust Holders – By Nate Bernstein, Esq.

Posted on 01. Sep, 2016 by .

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Often times we get calls from clients or colleagues who ask us to explain what a “quiet title” action is.  There is no need to be quiet and hush hush about quiet title actions – pun intended!   In fact a quiet title claim is very common claim and cause of action asserted under California real […]

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Legal Q & A – by Dennis Block

Posted on 01. Sep, 2016 by .

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Question One: I have a rent collection box on the premises. All of the tenants deposit their rent checks into this receptacle. Last week, the box was vandalized and all of the contents were taken.  Two of the tenants had put in money orders which I am asking them to replace. They have informed me […]

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Reefer Madness – By Zachary Lawrence JD

Posted on 01. Sep, 2016 by .

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Country music star Kenny Rogers recorded a song called “The Gambler”.  The chorus reminds us that … “You’ve got to know when to hold em’, know when to fold em’, know when to walk away and know when to run”. The landlord-tenant relationship often takes on the character of a high-stakes poker game – each […]

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Don’t Let the Bed Bugs Bite! – By Coastal Risk Management

Posted on 01. Sep, 2016 by .

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Literally, bed bugs are on the hunt for a food supply, and unsuspecting people are the main entrée for these blood-sucking creatures.  Bed bugs are wingless insects, oval in shape.  These creatures range in color from brown, or rusty red to almost white.  One out of five people in the U.S. are in contact with […]

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