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Archive for December, 2017

URGENT ACTION ITEM: IF TAX REFORM PASSES THIS YEAR, CONSIDER PAYING BOTH INSTALLMENTS OF PROPERTY TAXES ON RENTAL AND PERSONAL PROPERTY THIS YEAR – by Estate Planning Attorney Kenneth Ziskin

Posted on 13. Dec, 2017 by .

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While nothing is certain yet about tax reform, it appears likely that Congress will pass, and the President will sign, some version of H.R. 1, the Tax Cut and Jobs Act, this year. Both the version passed by the House, and the version passed by the Senate, either eliminate or substantially limit your ability to […]

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12 Rich Habits vs Poverty Habits – Grow Legacy Wealth Steadily – by Terry Moore, CCIM

Posted on 01. Dec, 2017 by .

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Tom Corley was a broke CPA, wondering why some clients were so much better off. He studied hundreds of wealthy people and more than 100 poor Americans. What he learned made him famous, wealthy, and impactful. This piece summarizes many of the key points of his book, Success Habits: The Daily Success Habits of Wealthy […]

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Open Letters – New Trash Program is Trash!

Posted on 01. Dec, 2017 by .

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To:  Carolyn Shining, Shining Law Firm Most recently, I was invited to a workshop involving Recycle L.A. and all of the major trash haulers were present.  It was an interesting discussion.  Generally, the concept is flawed and bankrupt – it’s just absolutely silly! People have a perception that greenhouse gases and environmental issues that emanate […]

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Elected Officials Are Taking the Wrong Approach To Solving Our Housing Shortage and San Jose’s New Tenant Protection Ordinance – by Noni Richen, SPOSFI President

Posted on 01. Dec, 2017 by .

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The housing crisis is one of the most widely discussed local issues in San Francisco. While virtually everyone agrees that to solve the housing shortage (not crisis) we need to build more housing, almost every proposal to add even a few units is met with the same tired arguments: congestion, parking, blocked views, and a […]

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New Home Sales Surged to a 10-Year High – by Gary Halbert

Posted on 01. Dec, 2017 by .

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In a huge surprise, U.S. new home sales in September recorded the largest single-month percentage increase since 1992, a sign the market remains resilient despite two major hurricanes and a continuing inventory shortage of homes. Purchases of newly built single-family homes swelled 18.9% in September, far above expectations. The actual number of new homes sold […]

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Legal Q & A by Richard Beckman

Posted on 01. Dec, 2017 by .

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Question 1: Do rent controls apply to San Jose single family houses at this time?

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Say Thanks to Your Tenants This Holiday Season! – by AOA

Posted on 01. Dec, 2017 by .

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Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to […]

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Follow These Steps When Screening Your Applicants – by AOA

Posted on 01. Dec, 2017 by .

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Before you put a tenant in your vacancy, be sure to thoroughly screen them. When you have a system in place and you perform your due diligence on ALL applicants, the chances are, you will NOT end up with a deadbeat tenant. Below are seven steps to follow when screening your prospective tenants.

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What Landlords Should Know About Section 8 – Myths vs. Facts – by Kristin Maithonis

Posted on 01. Dec, 2017 by .

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The Housing Choice Voucher Program (commonly known as Section 8) is a federally funded program providing monthly rental assistance to very low income tenants renting units in the private market. The rental assistance is provided through a local housing authority. Myths about the Section 8 program continue to prevent Section 8 participants from finding landlords […]

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Happy Renters AND Safe Properties for the Holidays – by D.L. Graham

Posted on 01. Dec, 2017 by .

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The holiday season is a time to bring out the best in human nature. But, it can also be a time of increased stress, short tempers, and rude behavior. How can you best keep an atmosphere of harmony and good will at your property, while still preserving the safety of your residents and your property? […]

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How You Can Make Your Commercial and Residential Heaters Last Beyond Warranty with the Anode Rod and Maganode – by Bill Provin and Jim Bidegum

Posted on 01. Dec, 2017 by .

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Commercial gas fired water heaters fail in much shorter periods of time then residential water heaters. The manufacturers are all aware of this fact; consequently commercial water heaters are provided with shorter warranty then the water heaters we all use in our homes. Approximately 75% of commercial water heaters will ultimately fail due to depletion […]

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10 Ways to Express Resident Appreciation – by Trish Harris

Posted on 01. Dec, 2017 by .

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In the multifamily industry, we often think of apartment community residents in the collective.  However, these communities comprise of individuals with diverse lives, unique personalities and a broad range of hopes and dreams – just as any other group of people does.  When we think of our residents in this way, we can better consider […]

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Management Tips from MRLANDLORD.COM (Shared by landlords nationwide)

Posted on 01. Dec, 2017 by .

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Conduct an In-Home Visit It’s recommended that landlords conduct an in-home visit of rental applicants as part of their screening process. One landlord was intrigued by this idea and asked the following questions:

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Glendale Renters Demand “Tenant Welfare” (Rent Control) – by Patricia Harris

Posted on 01. Dec, 2017 by .

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John Bagdzhyan, a member of the Glendale Tenants Union, collected over 11,000 signatures and presented them to the City Council in support of a suggested Glendale rent control initiative. Bagdzhyan told the council that renters are having to move to less expensive locations because the rents in Glendale are “outrageously high”.  (I’m sure many people […]

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Using a Checklist Will Help You Make the Right Insurance Purchase Decision for Your Real Estate Investment – by Cliff Hockley, President of Bluestone and Hockley

Posted on 01. Dec, 2017 by .

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In today’s competitive world, we ask insurance vendors for bids to insure our investment properties – get the bids back, choose the lowest one and go on with our life. Unfortunately, buying insurance is more complicated than that. It takes some analysis to make a great choice, and not only do you need to compare […]

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California’s Gas Tax Increase – by Jon Coupal and Jim Patterson

Posted on 01. Dec, 2017 by .

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Have you ever had a tooth extracted without Novocaine or some other pain killer? When facing something painful, it’s always helpful to apply a numbing agent and, when administered by competent medical personnel, anesthesia provides effective relief. But when politicians try to mask pain, be skeptical. The 12 cent increase in California’s gas tax which […]

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Legal Q & A by Dennis Block

Posted on 01. Dec, 2017 by .

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Question One: Can a landlord serve 60 days to vacate in the middle of a one-year lease? My tenants have blocked the common driveway on countless occasions. I have given them several verbal warnings, which they just ignored.

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Will Millennials Rent Forever? Economic and Lifestyle Factors – Reasons Why Millennials Will Be a Renting Generation – by Ty Fischer

Posted on 01. Dec, 2017 by .

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Millennials are a generation that could forever alter the real estate industry as we know it. Current data, economic and psychographic trends are now suggesting that it’s likely the millennial generation will forever be known as the generation that opted to rent instead of buy their homes.

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7 Habits of Highly Successful Property Managers – by John Triplett

Posted on 01. Dec, 2017 by .

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What are seven habits of highly successful property managers? Buildium.com recently did a webinar to explore seven ways that property managers can better organize their daily routines while the chaos of property management problems rage around them. Here are the seven habits:

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Things to Do the Day You Take Over an Apartment Building – by Vinney Chopra

Posted on 01. Dec, 2017 by .

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Investing in multifamily real estate can be very rewarding, but what happens after you actually close on the purchase and on the first day you take over an apartment building as a new owner, landlord and property manager? Veteran real estate investor and syndicator Vinney Chopra has developed a landlord’s checklist for taking over that new […]

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Something to Think About #63: Uncle Sally’s Nephew, Part 26 – by Klarise Yahya

Posted on 01. Dec, 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 25: Emily hadn’t yet deeply considered larger units so it was still pretty early to make definitive conclusions, but from her notes she thought it might be reasonable that […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Dec, 2017 by .

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Q: I want to sell my rental property but I have a tenant living there. They are in a one-year lease that doesn’t terminate until June. Can I break the lease because I am selling the property?

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How to Avoid a Driveway Easement (A Real Life Example) – by Dale Alberstone, Esq.

Posted on 01. Dec, 2017 by .

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Hello everybody.  Over the decades I have authored several articles for the AOA explaining what steps an apartment owner should take to avoid an adjoining neighbor (or the neighbor’s tenants) from acquiring a driveway easement on the owner’s property.  I have previously explained how such easements (known as “prescriptive easements”) are acquired, and have discussed […]

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“On Santa’s Team”

Posted on 01. Dec, 2017 by .

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My grandma taught me everything about Christmas.  I was just a kid.  I remember tearing across town on my bike to visit her on the day my big sister dropped the bomb – “There is no Santa Claus,” jeered my sister.  “Even dummies know that!” 

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