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Archive for February, 2018

U.S. Economy is Booming, Rest of World Follows Suit – by Gary D. Halbert

Posted on 01. Feb, 2018 by .

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The U.S. economy continues to gain momentum. After starting the year with a disappointing growth of only 1.2% (annual rate) in the first quarter, the economy accelerated sharply in the second quarter to 3.1% followed by 3.3% in the third quarter.

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Something to Think About #65: Uncle Sally’s Nephew, Part 28 – by Klarise Yahya

Posted on 01. Feb, 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. It was a long weekend and Emily was home, again. She was sprawled on the couch nibbling on peanut-butter cups and sipping pink moscoto from a coffee mug, in a pensive mood. […]

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Sound the Alarm: A New Front in the War Against Rent Control Opens in Long Beach!

Posted on 01. Feb, 2018 by .

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The below article was written by Joani Weir, Founder, Better Housing for Long Beach. We’ve seen the dark clouds of the rent control war gathering on the horizon for some time now in Long Beach, and on January 12th the battle for free market housing in California’s seventh largest city finally arrived. The leadership of […]

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Don’t Let California Become Chicago – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Feb, 2018 by .

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Well, it happened again. Homeowners in Chicago now face yet another property tax increase to pay for the city’s mounting pension debt. Local taxpayers have already been slammed with nearly $1.1 billion in property tax increases, primarily for police, fire and teacher pensions. That’s on top of a 29 percent tax on water and sewer […]

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4 Tips to Resolve Rental Disputes – by Teresa Billingsley

Posted on 01. Feb, 2018 by .

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I believe both landlords and tenants need to change their mindset and strategy. Successful businesses strategize how to attract their target market and maintain loyal customers. Savvy tenants take seriously the task of finding a home they will be content with long-term. If both parties put more effort into making a viable business match the […]

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Legal Q & A – by Dennis Block, Attorney

Posted on 01. Feb, 2018 by .

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Question One: We wish to install security cameras in our apartment complex. Do we need to inform the tenants and get their consent? We are trying to prevent vandalism to our property.

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Letters to the Editor…MORE ON THE TRASH MONOPOLY

Posted on 01. Feb, 2018 by .

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Honorable Mayor Eric Garcetti: As a San Fernando Valley Boy you have some ideas of the issues we face as a step-child of Los Angeles. What the city council members do affects us also, and the most recent deal to create monopolies for trash haulers has become a travesty. I understand the desire to reduce […]

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Ways to Maximize Your Rentals’ Efficiency – by Mark Browning

Posted on 01. Feb, 2018 by .

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There are tips and tricks you can use to maximize your efficiency and minimize your wasted energy.  Without proper weatherization, you are literally throwing money right out the window.  Here are some helpful weatherization tips that will help you save money throughout the winter months.

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Can I Say No to Pot in My Apartments When it is Legal in my State? – by John Triplett

Posted on 01. Feb, 2018 by .

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California just became the world’s largest legal marijuana market. When pot is legal in a state, what issues does this present to property managers and landlords of rental properties? Property managers are often confused and seeking to better understand how to handle the issues of legal marijuana and medical marijuana when it comes to tenants […]

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The Future of Apartment Rent – by Dylan Simon

Posted on 01. Feb, 2018 by .

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Want to know where the highest apartment rental rates are?  Where can you expect the most vibrant commercial real estate development in our region’s future?  You better familiarize yourself with Transit Oriented Development (TOD). If you have your pulse on commercial real estate development, then you’re familiar with TOD.  The concept is simple – orient […]

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AB 1506 DEFEATED! It was the Biggest Threat to Small Property Owners Since Rent Control Itself! – by Noni Richen

Posted on 01. Feb, 2018 by .

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[Editor’s Note:  Great news for the multifamily housing industry! Last month, Assembly Bill 1506, to repeal the Costa-Hawkins Rental Housing Act of 1995 was defeated!  At the Housing and Community Development Committee meeting, (a five member committee) – two of the members were in favor, two were against, and member, Ed Chau, abstained; therefore, preventing the […]

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Legal Q & A – by Attorney Richard Beckman

Posted on 01. Feb, 2018 by .

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Question 1: When is a pet not a service animal? How do I verify that I can’t charge more for the pet? Answer 1: A service animal means any dog that is individually trained to do work or perform tasks for the benefit of an individual with a disability, including a physical, sensory, psychiatric, intellectual, […]

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Building Wealth at Your Pace: San Diego Apartment Investment Strategies – (Part 1 of 4) – by Terry Moore CCIM

Posted on 01. Feb, 2018 by .

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A mentor, who has helped 100 households become financially independent, confides “There are a million ways to make a million dollars!” Wise investors select the strategy most fitting their personalities, capacities, and goals. This four-part series describes proven paths for investors who have progressed beyond single-family rentals. These ideas are demonstrative, not all inclusive. The […]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Feb, 2018 by .

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Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent trying […]

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Watch Out for Rent Control in Pasadena and AB-1506! – by Patricia Harris

Posted on 01. Feb, 2018 by .

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Following in the footsteps of tenant groups in Glendale and Long Beach, a Pasadena group has also filed preliminary paperwork to place a rent control initiative on an upcoming ballot. The Pasadena ballot measure would: establish a city-run rental housing board limit rent increases, and force the city to adopt “just-cause” eviction policies — which […]

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What Can You Now Expect When You Evict a Tenant in 2018 and Beyond? – by Grayce Long, Attorney

Posted on 01. Feb, 2018 by .

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If you recall about four and a half years ago, the Los Angeles court system did a sweeping overhaul with the unlawful detainer courts and closed many courthouses due to budget deficits. The eviction process, years ago, took about 30 days for an uncontested eviction whereas now it takes at least 45 to 60 days […]

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The Good, the Bad and the Ugly Impacts of the Tax Cut and Jobs Act (“TCJA”) on Rental Property Owners – by Kenneth Ziskin, Attorney

Posted on 01. Feb, 2018 by .

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As I write this on New Year’s Eve, I join the rest of the tax professionals trying to fully understand exactly how the 494 page TCJA will affect my clients. The TCJA represents the product of work begun by the GOP years ago, and refined (in mostly closed door discussions thru 2017 among the GOP […]

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Multifamily Sector’s Top Five “Buy” and “Sell” Markets – by Ten-X Commercial

Posted on 01. Feb, 2018 by .

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Ten –X Commercial, the nation’s leading online real estate digital marketplace, released the latest U.S. Multifamily Market Outlook including the top five “Buy and Sell” markets for multifamily real estate assets.  The report shows that while fundamentals have begun to soften, demand across the apartment market remains strong due to positive demographic trends that continue […]

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Beware of the Prepayment Penalty – by Cliff Hockley

Posted on 01. Feb, 2018 by .

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I have been counseling clients for a long time to be careful of prepayment penalties that lurk everywhere in today’s mortgage environment. I don’t like prepayment penalties because they limit your flexibility as an investor (as both Buyer and Seller) in real estate, but they are hard to avoid, and my clients have had many […]

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Why it is Important to Diversify Your Real Estate Investments? – by Larry Arth

Posted on 01. Feb, 2018 by .

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Have recent storms gotten you thinking about diversifying your real estate investments? With the recent hurricanes in Texas and Florida and even the fires in California, it indeed has many local real estate investors thinking.

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Introducing an Easy Method for Online Rental Payments – by AOA

Posted on 01. Feb, 2018 by .

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Why Do Online Rent Payments Work? In an increasingly digital world, residents overwhelmingly prefer to pay rent online using an eCheck (ACH), debit or credit card. PayRent.com provides the tools for modern day landlords and property managers to collect rent seamlessly. As an owner or manager you will have the added benefit of increasing resident […]

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What Every Owner Should Have to Protect Themselves from Discrimination Lawsuits – by Cristine Tablante, AOA Advisor

Posted on 01. Feb, 2018 by .

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Do you have a written Qualification Criteria list?  A Qualification Criteria is a list of requirements of what you expect from an applicant and what will qualify them to rent from you.  To protect you from a possible discrimination lawsuit, it should be in writing and handed out to all applicants along with the application […]

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Encroaching Walls – Watch Out! – by Dale Albertstone, Esq.

Posted on 01. Feb, 2018 by .

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Hello everybody.  Block walls, fences and other physical barriers which are not constructed precisely on the boundary line between two properties, but instead encroach on someone else’s land, are frequently problematic and sometimes result in litigation. Over the years I have authored many articles advising AOA members how to best protect their land from easements […]

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