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Archive for October, 2017

Legal Q & A – by Franco Simone, Esq.

Posted on 01. Oct, 2017 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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Fed Wants to Raise Rates, But Economy is Questionable – by Gary D. Halbert

Posted on 01. Oct, 2017 by .

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The Fed Open Market Committee (FOMC) which sets monetary policy met on July 25-26. As expected, the Committee made no monetary policy changes and left the Fed Funds rate unchanged at 1.0-1.25%. The policy statement which followed the late July meeting reflected the fact that inflation continues to run well below the Fed’s target rate […]

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What’s in Store for California Real Estate? – by Bruce Norris

Posted on 01. Oct, 2017 by .

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California’s median price rose to $550,200 in May. That represented a year-over-year gain of 5.8%. It’s common for prices in the summer to be the highest price reached for the year. At $550,000, California is now only $44,000 off its peak price in May 2007 of $594,530. In our report, “2% Interest Rates, $40 Trillion […]

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Letter to the Editor…Clean the Housing Department Swamp!

Posted on 01. Oct, 2017 by .

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The following letter was sent to the Mayor and City Council Members of San Jose.  Ladies and Gentlemen: I lived for 28 years under the communist dictatorship in Eastern Europe! I see the signs and the threats of communism in the housing department policies! Please stop them before it will be too late! We do […]

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

Posted on 01. Oct, 2017 by .

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It’s Here!  The FREE “Million Dollar” Trade Show and Landlording Conference! Thursday, October 19th at the Los Angeles Convention Center – West Hall A Mark your calendars for Thursday, October 19th 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 […]

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Eight Landlord Privileges – by Teresa Billingsley

Posted on 01. Oct, 2017 by .

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As rental property owners and managers, you have been afforded certain business liberties that you make the unfortunate mistake of not taking advantage of or enforcing. With so many entities targeting your pockets, you must be more diligent in enforcing the choices you still have and use them to your advantage. Below are eight choices […]

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How to Deal with Angry Occupants –by Dakota Thornton

Posted on 01. Oct, 2017 by .

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As a property manager, you receive more than your daily dose of drama. Much of it happens as a result of spontaneous combustion from angry occupants. Here are some ways to diffuse the situation, often ahead of time, and to keep things running smoothly. We’ve all heard the old adage, “you can’t please all the […]

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Fair Housing from A to Z – by Nadeen Green

Posted on 01. Oct, 2017 by .

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We are taking the alphabet, letter by letter, so perhaps you can do things a little bit better to make your community open to all, and not take an unexpected fair housing fall! And, because Fair Housing covers a lot, we’ve created a resource to print out on the spot!

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Multifamily Market Will Hit Records in 2017 as Investors Return – by The Editors of the Rental Housing Journal

Posted on 01. Oct, 2017 by .

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West Coast markets will dominate the top 10 on gross income growth in 2017 for the multifamily market, led by Seattle, Sacramento, Tacoma, Portland and Colorado Springs, according to the Freddie Mac Multifamily Research Group’s mid-year outlook. Outlook authors Steve Guggenmos and Sara Hoffmann find that the multifamily market will continue to grow for the […]

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What Citizen Taxpayers Should Know About the California Budget – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Oct, 2017 by .

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California voters are pretty good at figuring out what is going in the state capital when it hits them directly. For example, recent polling shows that citizen awareness of the $5.2 billion annual gas and car tax is very high and, incidentally, very negative. But the same can’t be said when it comes to the […]

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Dealing With Tenants – Lord, Give Me Patience! From Louisville Gals

Posted on 01. Oct, 2017 by .

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You need a lot of patience when it comes to dealing with tenants who don’t know as much as you do. I am a property manager and every single day I talk to at least one tenant. Many days, dealing with tenants takes up the majority of my time. Sometimes the tenant has a problem […]

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Help Stop the Trash Monopoly! – by Michael Millman, Attorney

Posted on 01. Oct, 2017 by .

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(The following is an open letter sent to Athens Services and Recycle L.A.) My family owns several Westside apartments and Athens has been our outstanding provider for many years. Two years ago, when the City Council passed the new trash hauling arrangement, the union trade group called “LANE” agreed that small apartment owners would not […]

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Discover How to Get Two or Three Times More Rent and Much Better Tenants Without Section 8 – by Nick Sidoti, “Dr. Cashflow”

Posted on 01. Oct, 2017 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.  You […]

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Why Every Property Owner and Manager Should Attend Local Trade Shows – by Aimee Miller

Posted on 01. Oct, 2017 by .

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Property managers spend a large portion of their time monitoring the fiscal aspects of their business.  Whether they’re keeping a close eye on rent ratios or fine-tuning marketing strategies, it’s likely that they’re funneling the majority of their time and resources into the daily grind. When was the last time you got away from the […]

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Class Action Lawsuits By Resident Managers? Watch Out! – by Dale Alberstone, Esq.

Posted on 01. Oct, 2017 by .

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Hello everybody.  The latest trend in labor law litigation by a resident manager against his employer is to file a class action type of lawsuit, known as PAGA, on behalf of all of the employer’s other resident managers living in other apartment buildings. In other words, managers are now not only suing to recover their […]

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Legal Q & A – by Richard Beckman

Posted on 01. Oct, 2017 by .

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Question 1: I have a Richmond tenant who submitted her 30 day notice on August 25 with a move out date of September 30. The tenant is now requesting an extension of 30 days, but I have already signed a lease agreement with another tenant who will take possession of the unit on October 1. […]

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Rent Control Destroys Housing!

Posted on 01. Oct, 2017 by .

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The below letter by Attorney Michael Millman, was sent to the Berkeley Daily Planet, in response to an article written by Harry Brill. Dear Friend: The destruction of affordable housing for “very low income” individuals arises from a study of the Failure of Rent Control.

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The Mistake That Prompted Me to Change How I Invest in Real Estate – by Larry Arth

Posted on 01. Oct, 2017 by .

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There is nothing more sobering than hearing a fellow investor talk about costly mistakes they made. Anyone who has done lots of investing has made bad decisions or made mistakes along the way. A quote of Jim Rohn comes to mind, “It’s important to learn from your mistakes, but it is BETTER to learn from […]

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Something to Think About #61: Uncle Sally’s Nephew, Part 24 – by Klarise Yahya

Posted on 01. Oct, 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 23: It had taken her a touch over five years, but she now had bought and sold a commercial SFR that she had transformed into a day-care center, and […]

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How to Write Off Practically Anything – by Karla Dennis

Posted on 01. Oct, 2017 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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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Oct, 2017 by .

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Question One:  I have rent controlled apartment in the City of Los Angeles.  I inherited one tenant when I purchased the building. This tenant did not have a written rental agreement. At the time, this tenant owned two dogs and now he owns four dogs. This is really getting out of control. Is there something […]

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Statewide Rent Control? – by Noni Richen, SPOSF/SPOSFI President

Posted on 01. Oct, 2017 by .

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Recently, while waiting for an event to start, I chatted with the woman sitting next to me; a small property owner.  I described SPOSFI and she sniffed, “Why join something like that?  We’ve never had any trouble with our rental.”  “We’ll be there when you need us,” I replied, as I moved to another chair.

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Follow the Money – by Zachary Lawrence JD

Posted on 01. Oct, 2017 by .

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All the President’s Men is a book and a movie about the Watergate scandal and the downfall of President Nixon. In the movie, there’s a scene with Washington Post reporter Bob Woodward (Robert Redford) meeting his anonymous source, “Deep Throat” (Hal Holbrook), inside a dark parking garage. Woodward needed proof that President Nixon knew of the burglary […]

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