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Archive for January, 2018

The Race is On to Collect 62,000 Signatures to Defeat the LA Trash Monopoly

Posted on 24. Jan, 2018 by .

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What Will the Trash Monopoly Ballot Initiative Do? It will repeal the exclusive franchise and stop their price-gouging monopoly. It will repeal the requirement that a hauler be a union company or have a “Labor Peace Agreement” with a union. It will remove forced recycling and fines; voluntary recycling will still be encouraged. It will […]

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Letters to the Editor…TRASH MONOPOLY IS RUBBISH!

Posted on 01. Jan, 2018 by .

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The below letter was sent to: Dear Mayor Garcetti and Councilpersons: For over three months we’ve been dealing with this terrible trash problem at Regent St., Los Angeles.   This is only one of the many sites where we have trash collection problems with Athens Services!  The new city garbage monopoly has radically increased the fees while […]

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Understanding the Impact of Late Rent – by Lori Hammond

Posted on 01. Jan, 2018 by .

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How is a property affected by late rent? Unpaid rent obviously affects a property’s financial performance. It’s lost or at least delayed revenue. Expenses related to unpaid rent are filing fees, court costs and attorneys.  The impact on the property exceeds these financial costs. 

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Government Intervention is Wrong! Open Letter to Jan Perry – by Michael Millman, Esq.

Posted on 01. Jan, 2018 by .

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Dear Ms. Perry: Thank you for your excellent leadership in connection with promoting affordable housing and opportunities for small family-owned apartment owners to continue to operate within the City of Los Angeles. As you’re certainly aware, having served for many years on the Los Angeles City Council “Housing Committee”, many of your friends do not […]

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Legislature Passes, Governor Signs 15 Housing-Related Bills – by Deborah Lopez, SPOSFI Business Member15

Posted on 01. Jan, 2018 by .

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The 2017 legislative year has come to a close, with the California Legislature passing a total of 977 bills. The Governor signed 859 of them and vetoed 118. Blessed with a Democratic super-majority, Governor Brown had good reason to be pleased with what he was able to accomplish. San Francisco’s state representatives had a good […]

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TRASH MONOPOLY IS EXTORTION!

Posted on 01. Jan, 2018 by .

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The below letter was sent to Councilman Krekorian: Last Friday, I had two “mafia-like” enforcers enter my office and tell me that if I wanted to continue to do business in my neighborhood, (your district 2), I would have to do business exclusively with them.  They proceeded to give me extortion pricing for their services […]

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Legal Q & A – by Richard Beckman

Posted on 01. Jan, 2018 by .

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Question 1: Are there any new laws for 2017 we should know about?

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MrLandlord.com Tips on Management (Shared by Landlords Nationwide) – by Jeff Taylor, Mr. Landlord

Posted on 01. Jan, 2018 by .

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Target Markets One landlord on our Q&A Forum, known as NE (PA), was getting extremely frustrated with trying to increase the rent prices with his properties. His concern was that all renters were interested in was the price, price, price. My Response: I would dare say that you are focusing on the wrong thing. Your focus […]

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28 New Year’s Resolutions and New Laws for Landlords – by Patricia A. Harris

Posted on 01. Jan, 2018 by .

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AOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble.  Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year.   Our goal is your continued success!

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Legal Q & A – by Dennis Block

Posted on 01. Jan, 2018 by .

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Question One: Am I obligated to give a receipt to my tenant, when the rental payment is made by a personal check? I never receive a receipt when I pay my property taxes or if I make a mortgage payment.

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Leadership in the New Year: 10 Lessons from the Best – by Terry Moore, CCIM

Posted on 01. Jan, 2018 by .

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The 19-year-old, second lieutenant arrived in the trenches inhabited by battle hardened veterans. He didn’t know squat. They all understood that. Yet, in spite of his inexperience, he found ways to lead and saved them all from the single, biggest cause of being removed from the front. It wasn’t the enemy army that took the […]

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13 Tips on How to Become Rich Fast – by Steve Wanije

Posted on 01. Jan, 2018 by .

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Here are 13 tips on how to become rich fast through wealth accumulation like crazy. How to become rich fast can be explained in two sentences: Your expenditure must be less than your income Invest the balance wisely and you become rich sooner The three golden rules of becoming rich the hard but proven way:

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Mold – Fact v. Fiction – by Alexis Vilaboy

Posted on 01. Jan, 2018 by .

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When you think of mold, do you imagine a relentless, living growth set on taking over multiple apartment units and draining your community’s finances? Search the internet for answers to what exactly mold is, how it affects one’s health and budget and what it takes to get rid of the dreaded nuisance and it is […]

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Are You a Successful Landlord? Helpful New Year’s Resolutions – by Robert Cain

Posted on 01. Jan, 2018 by .

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How will you know when you are successful? If you believe you are successful now, how do you know? Most people, landlords included, cannot simply point to a goal and state definitively that they have accomplished it. Every landlord had the plan to be successful when he or she bought their first rental property.

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2017 Renters Survey: Understanding Where, How and Why Tenants Choose to Rent – by Buildium / buildium.com

Posted on 01. Jan, 2018 by .

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The 2017 American Renters Survey was conducted by Buildium from April 18 – 29, 2017 and had 1166 respondents. The survey responses were a random sample commissioned from Market Tools.  The survey had an incidence rate of 94% with a 95% level of confidence and a margin of error of +/- 3%.  The respondents were […]

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California Taxpayers Aren’t Thankful For Much, But There is Hope in Republican Tax Reform – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jan, 2018 by .

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In this season of [giving thanks], please don’t blame battered taxpayers if they pause when asked for what are they grateful. Considering the punishment being dished out to working Californians and the middle class by the Legislature and the governor, it may take them a moment to refocus on the good.

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Should You Create a “Beneficiary Flex-Protect TrustSM” for YOUR Heirs? – by Kenneth Ziskin, Attorney

Posted on 01. Jan, 2018 by .

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 My clients always want to provide for maximum protection for their heirs.  Yet, they usually want it coupled with flexibility so that heirs get the maximum benefits from their inheritance. Traditionally, getting more protection often came at a price:  Less benefit, less flexibility, and/or less attractive tax consequences. 

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YOUR Trash is the City’s Treasure – But AB 1506 Could Cost You More!

Posted on 01. Jan, 2018 by .

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WOW!  We are really being hit in 2018.  As the front cover depicts, many cities have raped housing providers and businesses by giving a monopoly to one trash company to pick up your trash.  Then, they empower their new trash company friends to double and quadruple your price thereby increasing the total tax that the […]

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New Resident Manager Laws For 2018 – by Dale Alberstone, Esq.

Posted on 01. Jan, 2018 by .

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Hello everybody.  Most everyone hopes that 2018 will bring about a strong economy, an end to high taxes, world peace, and other important things like that. As the legal writer for the Apartment Owners Association, my hope and 2018 New Year’s Resolution wish for AOA members is more modest, but nonetheless extremely important.  In fact, […]

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Something to Think About #64: Uncle Sally’s Nephew, Part 27 – by Klarise Yahya

Posted on 01. Jan, 2018 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 26:  William J. Bernstein has written on this. In terms of loss to overall wealth, he identified four sources of risk: (1) inflation; (2) deflation; (3) devastation, and (4) […]

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Legal Q & A –by Franco Simone, Esq.

Posted on 01. Jan, 2018 by .

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Q:  I have tenants who have not paid rent and are claiming they have bed bugs. Can I give them a three day notice to pay rent or quit before I inspect the unit? 

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Rent Control Update: Statewide Initiative To Repeal Costa-Hawkins Fair Housing Act – by Michael Millman, Esq.

Posted on 01. Jan, 2018 by .

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Michael Weinstein, the leader of AIDS Health Care Foundation which underwrote the Proposition measure “MS” that would have restricted housing developments within the City of Los Angeles to a voting protocol, apparently has sufficient “bonus” funds to underwrite a statewide ballot measure which would repeal and eliminate the protections afforded to apartment owners throughout the […]

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