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Archive for September, 2017

Second Letter to the Mayor Regarding the Trash Monopoly

Posted on 25. Sep, 2017 by .

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Below is another letter an apartment owner wrote to Mayor Garcetti regarding the trash monopoly.  They included FOUR EXAMPLES of their previous trash invoices and new inflated invoices as proof of how this trash monopoly has been affecting apartment/business owners in Los Angeles!

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Letter to the Mayor Regarding the Trash Monopoly

Posted on 20. Sep, 2017 by .

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Below is a letter an apartment owner wrote to Mayor Garcetti and Councilman Bonin regarding the trash monopoly.  They included their old invoice, new service rates breakdown and photos as proof of how this trash monopoly has been affecting apartment/business owners in Los Angeles!

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“L.A. Trash Bandits” Rob Apartment Owners and Business Owners! Shame on You, Mayor Garcetti and Los Angeles City Council!

Posted on 13. Sep, 2017 by .

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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!  You even promised us that the rates would be lower.  One housing provider just now reported that […]

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Can a Tenant Sue a Landlord for Allowing Secondhand Smoke? – by Dale Alberstone, Esq.

Posted on 01. Sep, 2017 by .

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Hello everybody.  Let me confess at the outset that I detest the smell of cigarette smoke.  I don’t like to be in a room where someone is smoking and I learned as early as high school that I didn’t even like to kiss someone who was a smoker. Still, I am a strong believer in […]

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Letter to the Editor…Rent Control Destroys!

Posted on 01. Sep, 2017 by .

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Dear Dan: The below letter was sent to Steve Lopez at the Los Angeles Times. Dear Sir: I appreciate that you attempt to be “fair-minded” when you talk about the housing crisis.  I remember, as you suggest, that my son, Jeffrey, reminded me that after viewing the feature film, La La Land, Los Angeles would […]

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Don’t Let Your Estate Plan Be a Hazard for Your Family! – by Kenneth Ziskin, Attorney

Posted on 01. Sep, 2017 by .

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My wife, Hinda, who helps me with planning for clients, and I  have been lucky enough to meet hundreds of wonderful apartment owners though the AOA seminars we have done throughout California.  The majority of them planned ahead years ago and build living trust based estate plans to protect their families. Unfortunately, almost all the […]

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Multifamily Has Many Reasons to Lend a Helping Hand to the Homeless – by Andy Helmer

Posted on 01. Sep, 2017 by .

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There’s no way around it: too many Americans are experiencing homelessness. According to the most recent statistics from the Department of Housing and Urban Development (HUD), nearly 550,000 people were homeless in this country on a single night in January 2016, and 22 percent of those were children. That 550,000 figure actually represents a 15 […]

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Legal Q & A – by Richard Beckman

Posted on 01. Sep, 2017 by .

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Question 1:    I read you have a new firm name and address. What’s going on? Answer 1: I am pleased to announce that Beckman Blair LLP has joined the esteemed Berkeley firm Buresh, Kaplan, Feller and Chang P.C. and the combined firm will be known as Beckman Feller & Chang P.C. As of August […]

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Landlord to Pay $20,000 to Settle Pet Discrimination Case – by the Editors of Rental Housing Journal

Posted on 01. Sep, 2017 by .

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The owner of several Reno, Nevada apartment complexes has agreed to pay $20,000 to settle allegations of  pet discrimination and Fair Housing Act violations involving requiring pet deposits from prospective tenants who require assistance animals, according to a release.

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High Life Versus High Wealth: 12 Common Traits of Millionaires – Part Two – by Terry Moore, CCIM

Posted on 01. Sep, 2017 by .

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Last month, I discussed the Millionaire Next Door and pointed out how Daily Transcript subscribers, rental owners and millionaires had at least six common traits. After studying wealthy people in America, two professors, Thomas Stanley and Bill Danko wrote and published this book in 1996. Coming up on its 20-year anniversary, its findings still ring […]

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What Your Residents Need to Know About Dry Drowning – by Kings III Emergency Communications

Posted on 01. Sep, 2017 by .

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Have a pool on your property?  You know that presents a whole new set of safety issues that you, as the property manager/owner are liable for.  With pool season in full swing, it is no surprise that there have been an increasing amount of drownings and other pool horror stories present in the spotlight lately.  […]

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Earthquake Safety: Don’t Forget to Protect Your Most Valuable Asset! – by Carmen Chu, San Francisco Assessor-Recorder

Posted on 01. Sep, 2017 by .

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Although earthquake retrofits are considered “new construction” as defined by Prop 13, they are excluded from reassessment. Northern California’s wildfires, the earthquake in Napa, and the recent storms and flooding in Sacramento and Santa Clara counties all remind us that natural disasters can happen at any time, and that it’s never too late to prepare. […]

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More and More Americans Having to Work Past Age 70 – by Gary D. Halbert

Posted on 01. Sep, 2017 by .

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Nearly one-fifth (19%) of Americans age 70 to 74 were still in the workforce as of the end of June, according to the latest jobs report from the Labor Department on July 7. Some are working because they are healthy and enjoy their work. Most, however, are still working because they haven’t saved nearly enough […]

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The Big Problem With Jack Ma’s “Four-Hour Workday”

Posted on 01. Sep, 2017 by .

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The below article was written by Andy Snyder, Founder of Manward Digest.  For more financial and lifestyle articles, visit www.manwardpress.com.  We don’t often go on rants. But this one threatens to grow into a doozy. It’s about the idea of work. It’s become a nasty four-letter word. It’s a dangerous and dumb trend. We say […]

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Inexpensive Ways to Attract Good Residents – by Marc Courtenay

Posted on 01. Sep, 2017 by .

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In the world of investing there’s an old adage:  “Money goes where it’s treated best”.  The same could be said for the best residents. As the world of rental properties become more competitive, a new adage is “Good residents move to where they are treated best”.  A “good resident” is one that has an outstanding […]

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Legal Q & A – by Dennis Block

Posted on 01. Sep, 2017 by .

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Question One: I have a tenant that moved a “service dog” in before telling us. It took him several weeks to produce a letter regarding this “service dog.”  When I went to check it out, the “doctor” doesn’t practice at the place that is on the letterhead and the phone number is an answering machine […]

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Property Management Leadership Requires Timely Information! © – by Ernest F. Oriente, The Coach

Posted on 01. Sep, 2017 by .

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Technology continues to connect us faster and from greater distances, until time zones and the miles between us no longer matter.  These changes are happening at a blistering pace and timely information is allowing property management leaders to operate their companies and their properties with a new set of rules.  Thomas Friedman, author of “The […]

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Legal Q & A – Security Deposit Refunds – by Franco Simone, Esq.

Posted on 01. Sep, 2017 by .

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Q: What can I do if my tenant still owes me money after I applied the security deposit to the outstanding balance for unpaid rent and necessary costs to clean and repair the rental unit?

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Free Enterprise in Commercial Waste Ends in Los Angeles – by David Hernandez

Posted on 01. Sep, 2017 by .

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July 31, 2017 marked the date when Free Enterprise in Los Angeles received a blow no rational business owner could or would have thought possible. Clearly the only way such an assault on the rights of business owners is possible, was by the means taken by the City of Los Angeles. The process to change […]

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Something to Think About # 60: Uncle Sally’s Nephew, Part 23 – by Klarise Yahya

Posted on 01. Sep, 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 22: Emily needed to get the agent away from the property. She said, “This doesn’t look very promising.  Why don’t you lock up and we’ll get coffee and pastry? […]

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

Posted on 01. Sep, 2017 by .

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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 will be held on Thursday, October 19th at the Los Angeles Convention Center in West Hall A, 1201 N. Figueroa!

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Why You Need to Talk to Your Tenants About Renter’s Insurance – by Bill Biko, The Educated Landlord

Posted on 01. Sep, 2017 by .

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Ironically it’s not just tenants that don’t understand renter’s insurance but it’s also landlords as well. Here’s why it’s important and here’s also what you need to know as a landlord. Your Insurance Covers Your Property Or at least it should if you’re properly insured! Depending on the type or amount of insurance, this covers […]

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That Burning Question – How Long Should I Hold Tax Records? – by Gautam Kumar CPA

Posted on 01. Sep, 2017 by .

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Dear Accountant: How long should I hold my tax records? In my accounting practice of over 20 years, I have been asked this question way too many times; hundreds, of times. Ideally, I would like to respond by stating NEVER throw away any of your paperwork, ever. But that is a highly impractical answer to […]

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The Case of the Dead Tenant – by Zachary Lawrence JD

Posted on 01. Sep, 2017 by .

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I’ve been in Property Management long enough to have good relationships with long term tenants.   Some have been renters for 25 years or more.  Their apartment is their home. Most tenants vacate voluntarily.  Some get evicted.  And some, unfortunately, pass away.

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Is Housing a Human Right? – by Albert Sukoff

Posted on 01. Sep, 2017 by .

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Ramsey Clark was the Attorney General of the United States from 1967 to 69.  Talking about rights, he is credited with this comment – “A right is not what someone gives you, it’s what no one can take from you.” So-called progressives demand that all manner of publicly-provided goods and services are human rights.  Food […]

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Did You Lose Your Eviction Case? – by Andrew B. Kavros

Posted on 01. Sep, 2017 by .

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Losing an eviction case is a landlord’s nightmare.  One of the most common ways an owner loses an eviction is by “waiver.”  The theory of waiver is like the ocean in the movie “Jaws”: seemingly calm waters on the surface, but a monster beneath.  Many landlords underestimate a waiver’s potential to sink their eviction case.  […]

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Today, My Employee Fired ME! – by Janet Sprissler

Posted on 01. Sep, 2017 by .

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Have you ever had your work force quit on you over a period of four weeks?  That was your employees firing you!  Whenever you lose a team key player, who you loved, to another company, you need to step back and wonder why.  Let’s face it: in today’s economy, it costs a small fortune to […]

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SB2 –A New Tax on Real Estate Documents? – by Howard Jarvis and Kammi Foote

Posted on 01. Sep, 2017 by .

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In July, 2017, the California Senate voted to pass Senate Bill 2 which would impose a new $75 tax on real estate documents filed with each county’s clerk recorder. If the bill becomes law, the projected revenue — over $250 million annually — would be dedicated to low income housing programs.

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