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Archive for June, 2017

Housing Providers Will Be Paying 100% More!!!

Posted on 27. Jun, 2017 by .

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Some Housing Providers Will Be Paying 100% More!!!       Shame on You, Los Angeles City Council!  Do you know that some housing providers have already received notices from their new City appointed trash haulers that their rates will be increased by at least 100%?!  You should know it – you passed this outrageous law!  […]

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3 Important Things Rental Property Owners Need to Know About Workers’ Compensation

Posted on 07. Jun, 2017 by .

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Rental Property Owners today face many risks and exposures and they are not aware of what they are covered for.  Many are not covered for what they should be and that accounts for millions of dollars in uninsured claims each and every year.  This is why it’s so important for rental owners to have a […]

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No Bubble in Real Estate – Not Even in Los Angeles – by Dr. Steve Sjuggerud

Posted on 01. Jun, 2017 by .

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A version of this article by Dr. Steve Sjuggerud first appeared on March 24th in the Daily Wealth Premium, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com. “Everyone here says Los Angeles is in a housing bubble,” my friend in L.A. said to me this […]

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Can Trump’s Economic Plan Jump-Start GDP Growth? – by Gary D. Halbert

Posted on 01. Jun, 2017 by .

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President Trump’s Economic Plan to Reach 3-4% GDP Growth I get the impression that many (if not most) Americans don’t understand what Donald Trump’s economic plan is. That’s understandable since Mr. Trump said many different things about his economic plan during the campaign. The questions that we as investors need to answer are three-fold: 1) […]

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7 Facts That Can Boost Your ROI – by Teresa Billingsley

Posted on 01. Jun, 2017 by .

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If I was in a room of landlords and I was to ask, “What are the issues you’re having with tenants?” I would hear a number of responses, including: “Tenants don’t pay on time.” “Tenants don’t take care of my property.” “Tenants are all nightmares to deal with.” “Tenants are always suing and trying to […]

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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, 2017 by .

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In our previous article regarding emotional support animals published in April 2017, we inadvertently used the term “service dog” when we should have used the term “emotional support animal”. Under federal law “service dog” has a specific legal definition. We did not intend the article to be about service dogs.  We regret this error in […]

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Something to Think About #57 – Uncle Sally’s Nephew, Part 20 – by Klarise Yahya

Posted on 01. Jun, 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 19:  It turned out that the zoning in most, but not all, of the area accommodated two or three units per 5,000 sq. ft. lot. He explained to her […]

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Top 6 Mistakes in Hiring a Leasing Specialist – by Leah Brewer, NALP, CAM – “The Leasing Queen”

Posted on 01. Jun, 2017 by .

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1.     Hasty “Fill the Chair” Decisions When you’re short-staffed, it’s tempting to hire quickly rather than thoughtfully.  Don’t accept average; fight for superior.  The financial value of a great salesperson is in the rental income produced and retained.  Hiring the wrong person can cost dearly.

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

Posted on 01. Jun, 2017 by .

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9 Tips When You Visit Your Rental A landlord is about to make their first interior visit to their rental property with this set of renters. This same landlord wanted to know, what should be the goal of the visit? Is the goal just to do a visual check that nothing is falling apart, to verify that there are […]

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Following HUD Guidelines on Criminal Background Checks Can Be Problematic – by Deborah Lopez

Posted on 01. Jun, 2017 by .

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Screening tenants is a vital part of the job of a landlord or property manager.  While most of the criteria – credit score, income, employment – by which prospective tenants are screened, are straightforward to evaluate, one in particular is not – criminal background.

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One Landlord’s Nightmare – by Stephen Lee

Posted on 01. Jun, 2017 by .

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For years, AOA has asked us for nightmare tenant stories and no one has ever sent one in. Well, here is my story. Hopefully, future new owners will learn from this. Back in 1980 I bought my second apartment building. It was a six unit building in Redondo Beach one block from the beach. Because […]

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AOA Million Dollar Trade Show and Landlording Conference a Huge Success! and Rent Control Would Put Housing Out of Reach for More Californians

Posted on 01. Jun, 2017 by .

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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 ever!  […]

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Letters to the Editor…LET’S STOP AB 1506

Posted on 01. Jun, 2017 by .

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The following letter was mailed to AOA from an anonymous individual.  I’m granted the privilege and opportunity of commenting upon and evaluating Housing Policies that impact the residential income industry.  I have the unique benefit of obtaining contributions and information from many of our industry’s attorneys, accountants and others. Over time, we’ve discussed complex and […]

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Gas Tax Hike Recalls Gray Davis – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jun, 2017 by .

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Writing in 2007, Los Angeles Times editorial writer Robert Greene stated, “The defining issue of the 2003 recall was Gov. Gray Davis’ tripling of the car tax, more officially known as the vehicle license fee. The defining issue of Arnold Schwarzenegger’s successful campaign to unseat Davis was his promised rollback of the said car tax.”

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AOA News and Reminders – Are YOU in Compliance? – by Patricia A. Harris

Posted on 01. Jun, 2017 by .

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Since laws are continuously changing or new ones are announced, AOA wants to make sure that your building is up-to-date with all the state requirements. Below is a reminder of some important issues to keep you in compliance with those laws and possibly save you from lawsuits and/or fines.

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LLCs for Apartment Owners – The Good, the Bad and the UGLY – by Kenneth Ziskin, Attorney

Posted on 01. Jun, 2017 by .

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LLC is the shorthand for “Limited Liability Company.  Many clients ask me:  “Should I own my apartments and other income property in an LLC?”  Like most questions you ask a lawyer, the answer is:  It depends on your situation and what you want to accomplish. Many lawyers push clients to pay fees to form LLCs, […]

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HUD Sues Landlords for $16,000 for Discrimination Against Veteran with Assistance Animal – by the Editors of Rental Housing Journal

Posted on 01. Jun, 2017 by .

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Landlords who refused to waive the pet deposit for a combat veteran with an emotional support dog have been charged with discrimination and violating the Fair Housing Act, by the U.S. Department of Housing and Urban Development (HUD), according to a release.

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Making a Good First Impression – Appropriate Appearance – by Joyce Kirby-Bica

Posted on 01. Jun, 2017 by .

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Everyone knows you only get one chance to make a first impression.  What you communicate from the curb carries over into the office environment and beyond.  Paying attention to professional office attire is important year round, but especially during the warmer summer months. When the weather is hot and everyone is trying to keep cool […]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Jun, 2017 by .

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Question One:  I have a tenant who keeps a pet rooster which is not allowed by our city’s ordinance. The tenant claims this is a support animal and has a confirming letter from a doctor. I really do not want to violate any law, but if I act, can I be sued for failing to […]

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Rent Control Would Put Housing Out of Reach for More Californians

Posted on 01. Jun, 2017 by .

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The below article was written by Kerry Jackson, a fellow with the Center for California Reform at Pacific Research Institute.  The mission of the Pacific Research Institute (PRI) is to champion freedom, opportunity, and personal responsibility for all individuals by advancing free-market policy solutions. For more information, visit www.pacificresearch.org. The most unaffordable city in the […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Jun, 2017 by .

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Question 1: I have a duplex in Oakland with an illegal unit (garage conversion), with a tenant on a lease from August 2016 to August 2017. The tenant reported to city and city requested me to take down the unit. If I ask the tenant to move, besides a relocation fee do I pay him […]

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Laundry Leases – Be Careful!!! – by Dale Alberstone, Esq.

Posted on 01. Jun, 2017 by .

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Hello everybody.  For decades I have cautioned members of the Apartment Owners Association about two insidious provisions that frequently appear in laundry leases. One of them is the automatic renewal clause.  The other is the “Right of First Refusal” clause. This month I will discuss both of them in the context of a long term […]

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San Diego Apartment Investing Creates Millionaires – by Terry Moore, CCIM

Posted on 01. Jun, 2017 by .

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Why are San Diego apartment investments so much safer than most other major cities? The first three articles covered 1) the basic advantages of all income property, 2) the specific benefits that come from San Diego apartment’s supply and demand and 3) force multiplier of San Diego’s unique rental ownership topography.  

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The Basics of Being a Landlord – The Skills You Need – by Bill Biko

Posted on 01. Jun, 2017 by .

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I seem to get a few emails/calls about being a landlord, so here are some quick thoughts from me on the basics of being a landlord, This article  will focus on what skills do you need to be a landlord?

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Next to Cash Flow, the #1 Must Have When Investing in Buy and Hold Property – by Larry Arth

Posted on 01. Jun, 2017 by .

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Like many true investors, you want to invest in and own cash flowing appreciating investment property for the long term. You want as much cash flow as you can get that is sustainable for a long period of time. You do your diligence, you analyze the numbers and of course the condition of the property […]

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