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Archive for October, 2016

City is Sued for Attempting Unjustified Snooping on Rental Property – by Meriem Hubbard and Wencong Fa, Attorneys-at-Law

Posted on 01. Oct, 2016 by .

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In a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes.  In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection: […]

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7 Great Reasons to Invest in Smaller Multifamily Real Estate – by Richard Montgomery

Posted on 01. Oct, 2016 by .

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Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commercial buildings? Investor Richard Montgomery takes on this question from a reader.

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He Said, She Said – By Zachary Lawrence JD

Posted on 01. Oct, 2016 by .

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When I was a kid, we’d play a game called “Telephone”.  A group would sit in a line of chairs and the first person would whisper a statement into the ear of the person sitting next to him or her.  Let’s pretend that the whispered statement was,  “I enjoy driving fast cars”.

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Urgent Tax Alert for Apartment Owners with Larger Estates! Last Chance to Use Discounts to Save Estate and Gift Taxes? – By AOA Member and Estate Planning Attorney, Kenneth Ziskin

Posted on 01. Oct, 2016 by .

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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 in August, are designed […]

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Resident Managers: Sick Leave Law Updated – By Dale Alberstone, Esq.

Posted on 01. Oct, 2016 by .

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Hello everybody.  As most AOA members know, last year the State of California enacted a so-called “Sick Leave Law” to provide paid time off for California employees.  Under that legislation, all employers who employ one or more individuals that work in California for 30 days or more per year must provide those employees with paid […]

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5 Keys That Sway Tenant Decisions bout Your Rentals By Larry Arth

Posted on 01. Oct, 2016 by .

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When a tenant decides whether or not your rental is right for their next home, what are some of the key things that will lead them to sign your lease and not the lease of one of your competitors? Do you know the key factors?

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Why You Should use a Ratio Utility Billing System – By Jerry Baker

Posted on 01. Oct, 2016 by .

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For entities who wish to bill for water, sewer, gas, or electricity, submetering may not be an option due to construction restrictions or, a limited budget. As such, owners, and operators are left searching for alternatives in the absence of submetering. The most equitable alternative is to deploy a Ratio Utility Billing System, commonly referred […]

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Legal Q & A Serving the 3-Day Notice to Pay or Quit – by Franco Simone, Esq.

Posted on 01. Oct, 2016 by .

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Q:  I served my 3-Day Notice to Pay or Quit and accidentally made it for the full amount when they paid $50 this month. Does it matter what the amount says? They still owe me the rest of the month.

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90% of Americans Are Worse Off Financially Today Than in 1970s – By Gary Halbert

Posted on 01. Oct, 2016 by .

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A recent study from the Levy Economics Institute found that 90% of Americans were worse off financially in 2015 than at any time since the early 1970s. Furthermore, for the vast majority of Americans, the nation’s economy is in a prolonged stagnation, far worse than that of Japan. Worse than Japan?

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Oct, 2016 by .

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Question One: Prior to moving into my apartment, my tenant asked me to remove my refrigerator as she had her own unit. It is has been four years and the refrigerator has stopped working. She is stating that I am responsible to repair or replace this unit. Am I legally responsible?

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The Regressive Road to “Tenant Welfare” – By Nancy Ahlswede

Posted on 01. Oct, 2016 by .

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Who would have thought that our homeless population is hopelessly linked to rent control, also known as tenant welfare? Sometimes, the best of intentions end up producing the worst of results as unintended consequences.  Many renters, government officials and city employees think that artificially induced price controls on rent will help community members.  This is […]

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Monthly Management Tips From MrLandlord.com By Jeff Taylor, “Mr. Landlord”

Posted on 01. Oct, 2016 by .

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The following are one dozen small and inexpensive extra things that landlords can add to properties which can make their properties more enticing to prospective residents. These suggestions were made by several different landlords nationwide.  12 Cheap and Easy Bling Improvements

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7 Reasons Why You Should Install an Automatic Gate System – By Star Steel

Posted on 01. Oct, 2016 by .

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A good gate installer is likely to explain the benefits of designing an automatic gate system that’s right for your property. If “I just don’t want passing drivers turning around in my driveway” is the only reason you’ve considered so far, let’s give you a little more food for thought.

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How in the World Are You Going to Get a Good Tenant? – By Kevin Guz

Posted on 01. Oct, 2016 by .

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When I look back at my first rental property purchase more than 10 years ago, I am amazed at my good fortune. Because there were plenty of times, as a part-time real estate investor with a full-time career outside of real estate, I tried to talk myself out of that first purchase.  And there were […]

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success!

Posted on 01. Oct, 2016 by .

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The AOA 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 would help them make and keep more money than ever!  Some even walked away with […]

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Controller Dead Wrong on Property Taxes – By Jon Coupal, President of the Howard Jarvis Taxpayers Association

Posted on 01. Oct, 2016 by .

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California’s State Controller, Betty Yee, normally displays a measured, albeit liberal, view of California fiscal affairs. While viewed as reasonably competent and not given to hyperbole, her recent statement in a local government blog was one she must have known to be flat wrong.

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Something to Think About #49 – Uncle Sally’s Nephew, Part 12 – By Klarise Yahya, Commercial Loan Broker – BRE: 00957107 MLO: 249261

Posted on 01. Oct, 2016 by .

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Continued from Part 11:  Her next step was to call Stu D. and ask him to arrange three days next week and another three days two weeks later so she could have different contractors inspect the property for repairs. Mr. Chicken flew right to the ceiling at that request.

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Lawsuit Filed to Force City of Berkeley to Correct Misleading Ballot Language – By Berkeley Rental Housing Coalition

Posted on 01. Oct, 2016 by .

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 Proposed tax increase on landlords overstates revenue projections and hides exemptions for politically influential real estate developers:  In an extraordinary move, the City of Berkeley has refused to correct official ballot language that overstates revenue estimates from a proposed tax increase and conceals exemptions for politically influential real estate developers and owners of new luxury […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Oct, 2016 by .

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Question 1:  I own a condominium in Oakland. How much can I legally raise the rent on a month to month basis? The tenant has been there more than a year.

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More Fair Housing Facts & Tips – By Dana Brown

Posted on 01. Oct, 2016 by .

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The Fair Housing Act protects people from discrimination when they are renting, buying or securing financing for any housing transaction.  The Fair Housing Act specifically covers discrimination because of race, color, national origin, religion, sex, disability and the presence of children. (Provided by HUD)

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Can My Living Trust Protect and Regulate My Children’s Inheritance? – By, Attorney Michael K. Elson

Posted on 01. Oct, 2016 by .

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Although it is very common for people to leave their assets to their heirs outright, with no strings attached, you can set up an alternative to your heirs receiving 100% of inheritance outright.  By including testamentary trust provisions embedded within your living trust, upon your death your living trust can regulate the transfer of assets […]

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5 Secrets You Need to Know About Apartment Marketing – By Matt Easton

Posted on 01. Oct, 2016 by .

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Congratulations, you are the marketing manager of the best apartment portfolio, or property manager of the best community in town, or: 

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Los Angeles Housing Department Ignores Its Own Law! – By Patricia A. Harris

Posted on 01. Oct, 2016 by .

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The Housing Authority of the City of Los Angeles, (HACLA), recently reviewed their rental rates on a city-owned, senior apartment building in Eagle Rock and proposed a 6 PERCENT rent increase on those tenants.  They chose to ignore their own allowable 3% increase that is enforced on all owners under the L.A. Rent Control Law […]

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12 Important Steps for Apartment Owners and Investors to Prepare for the Big Court Trial – Part One – By Nate Bernstein, Esq. – LA Real Estate Law Group

Posted on 01. Oct, 2016 by .

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Most civil cases that are filed in the state or federal courthouse eventually settle- some cases settle early in the action, some cases settle after 6 months, and other cases settle on the eve of trial.    A few cases may settle during the course of a multi day trial! Some cases are disposed of by […]

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