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Archive for April, 2017

7 Real Estate Investing Trends For 2017 – by Larry Arth

Posted on 01. Apr, 2017 by .

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The below article was written by Larry Arth, the founder and CEO of Equity Builders Group, a Florida based Real Estate investment Group. As a 36 year veteran to real estate investing, Larry understands that we are now in a global economy and as times have changed, investment strategies must change as well. Larry is an […]

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One of the Keys to Success is Resident Retention – by L. Paul Smith

Posted on 01. Apr, 2017 by .

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There is a universal truth in property management – turnover creates cost and work.  That’s not to say there aren’t costs and work at other times.  But it is true that when renters move out, our efforts and money are concentrated as we try to restore a revenue stream as soon as possible. So seasoned […]

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OPEN LETTERS SENT TO POLITICIANS Santa Monica Earthquake Retrofit and Oppose AB-1506 – by Michael Millman, Attorney

Posted on 01. Apr, 2017 by .

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RE:  Santa Monica Earthquake Retrofit (To Senator Ben Allen) Dear Scheduler: The apartment industry has excellent lobbyists.  However, over the last several years or longer, there have been several instances of “injustices” or perhaps mere inadvertent oversights.

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Why Apartments Build Wealth Safely: Two Laws Almost Guarantee Sustained Superior Apartment Returns – by Terry Moore,CCIM

Posted on 01. Apr, 2017 by .

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The earlier article mentioned the basic advantages that are common to all income properties: leverage, inflation protection, equity build up, cash flow, tax shelter, etc. Laws of supply and demand severely limit risk and almost guarantee increased riches for rental owners. Supply and demand matter to renters and are far more impactful for investors. First […]

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You Could Be Co-Liable If Your Tenant’s Dog Causes Someone Bodily Injury – by Gideon Kramer

Posted on 01. Apr, 2017 by .

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There are good reasons why most [small property owners] don’t rent to tenants with dogs. Dogs may bark and pose a nuisance to other tenants in the building; they may even be destructive to the unit or common areas. But perhaps the key reason they tend to say “no” to dogs, especially large ones, is […]

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How Food Stamps Subverted Democracy [Rent Control is Worse] – by James Bovard

Posted on 01. Apr, 2017 by .

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The federal government is now feeding more than 100 million Americans.  The vast increase in dependency fundamentally changes the relationship of Washington to the citizenry.  The more Americans rely on handouts, the more difficult it becomes to roll back politicians’ power over those who do not.

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Can a Landlord Hold a Weekend Open House In a Tenant-Occupied Apartment? – by Dale Alberstone, Esq.

Posted on 01. Apr, 2017 by .

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Hello everybody.  My discussion this month addresses the issue of whether a landlord can hold weekend Open Houses in an apartment unit occupied by an existing tenant. When a renter gives notice that he will be vacating his unit at the end of thirty (30) days, one of the first things that comes to the […]

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Are You a Short-Sighted Tightwad?

Posted on 01. Apr, 2017 by .

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The quick answer is “yes”, you probably are.  I know only a few housing providers who do not qualify for that description of……….being a “tightwad”. You see, when you started your economic life, you had to scrimp and save in order to have enough money to provide housing for yourself and others.  You skipped the […]

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Open Letter in Opposition to AB 1506 – Repeal Costa-Hawkins!

Posted on 01. Apr, 2017 by .

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Below is an open letter sent to Representative Chiu, California Assemblyperson by Michael Millman, Attorney at Law. Dear Sir: You and I have met on several occasions.  You’re thoughtful, considerate and charming.  We’ve often discussed “eviction protocols” in your community.  It was a robust and thoughtful debate.  Thank you. Now, you’ve attended many apartment association […]

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Sen. Hertzberg Targets Property Owners with Higher Water and Sewer Rates – by Jon Coupal

Posted on 01. Apr, 2017 by .

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It’s no secret that tax-and-spend interests have hated Proposition 13 since its adoption by the voters in 1978. Immediately after passage, Prop. 13 was the target of numerous lawsuits and legislative proposals seeking to create loopholes that would allow government to grab more tax dollars from California citizens.

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Five Signs You Might Be a Bad Landlord – by Bill Biko

Posted on 01. Apr, 2017 by .

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We can’t all be the perfect landlord (I know I’m not as much as I try!), but there are definitely a few signs that could indicate you could be heading down the path of becoming a bad landlord. If you recognize one of these signs, you should be okay. Just correct the problem and you should be able […]

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Soft Story Retrofit: Earthquakes in Los Angeles – Part One – by Dr. David Hosseini, Ph.D.

Posted on 01. Apr, 2017 by .

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Earthquake hazard is high in Southern California (specifically in the Los Angeles region) due to proximity to the great San Andreas Fault and local geology of the Los Angeles basin. In order to improve buildings safety in case of a large earthquake, the City of Los Angeles has mandated a Seismic Soft-Story Program for buildings […]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Apr, 2017 by .

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Question One: I recently had an applicant apply for an apartment that I own in Culver City. The applicant was part of the Section 8 Program and was requesting that I lease him the unit on that basis. Would it be discriminatory to reject the applicant, as I really do not want to get involved […]

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Something to Think About #55 – Uncle Sally’s Nephew, Part 18 – by Klarise Yahya

Posted on 01. Apr, 2017 by .

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If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 17:  John Maynard Keynes, the English economist, wrote “The market can stay irrational longer than you can stay solvent.”  Emily had to recognize that current interest rates are irrationally […]

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New Landlord Requirements Regarding Bed Bugs – by Patricia A. Harris

Posted on 01. Apr, 2017 by .

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AB551 prescribes the duties of landlords and tenants with regard to the treatment and control of bed bugs.  The below describes in general, a landlord’s responsibilities. What Must a Landlord Do?

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An Optimistic Economy Today – by Gary D. Halbert

Posted on 01. Apr, 2017 by .

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To coin an old phrase, the country has “gone ape” in the wake of Donald Trump’s surprise election as the 45th President of the United States. The stock markets have skyrocketed to new record highs day after day [shortly after his election]. Consumer confidence has soared to the highest level since 2008. For reasons that […]

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Legal Q & A SERVICE ANIMALS – by Franco Simone, Esq.

Posted on 01. Apr, 2017 by .

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Q: I do not allow pets in my apartments. I have a tenant who is claiming that her cat is a therapy animal and she says that she is entitled to a reasonable accommodation.  Do I have to let her keep the cat?

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Los Angeles City Rent Stabilization – Reminders and Updates – by Patricia A. Harris

Posted on 01. Apr, 2017 by .

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Hopefully, if you own apartments in the City of Los Angeles and are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit which was due by February 29, 2017.  Serving a timely notice, you may collect one half of those fees from your tenants.  Note:  You […]

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Landlords and Tenants File Class Action Lawsuit Against City of Los Angeles for Illegal SCEP Inspections! – by the Law Firm of Quinn Emanuel

Posted on 01. Apr, 2017 by .

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Landlords and tenants joined forces against the City of Los Angeles by filing a class action lawsuit in federal court on February 22, 2017, alleging that the current Systematic Code Enforcement Program (SCEP) inspections violate the Fourth Amendment to the Constitution.  The law firm representing the landlords and tenants is Quinn Emanuel, the largest business […]

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

Posted on 01. Apr, 2017 by .

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Less Deposit More Rent  A person asked on the MrLandlord Q&A for input on offering new residents the option of paying significantly less deposit if they would pay slightly more monthly rent. My response is this: For the last couple of years I have encouraged landlords to consider offering all your future, fully-qualified residents the […]

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12 Tips for Being a Good Landlord And Keeping Tenants Happy – by Sharon Vornholt

Posted on 01. Apr, 2017 by .

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Every landlord would like to lower the turnover in their properties. It’s costly to attract and retain good tenants, not to mention the costs you incur when they move out and you have to turn a vacant rental. It just makes good business sense to strive to have happy, long term tenants in your properties. […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Apr, 2017 by .

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Question 1: Have there been any recent changes to the law about whether I can refuse Section 8 applicants for my rentals in San Jose, CA?  Also, are there forms and rules for handling tenant security deposits, reporting to the IRS, setting up a savings account and interest to the tenants? Answer 1: I am […]

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

Posted on 01. Apr, 2017 by .

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The Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month.  The big show will be held on Wednesday, May 24th at the Long Beach Convention Center in Hall C, 300 East Ocean! 

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