Receive news, updates and special deals by Joining AOA's Online Newsletter. Click now to sign up!

Archive for June, 2018

New Flood Disclosure Form Required For All Future Rental Agreements! – by Patricia A. Harris

Posted on 25. Jun, 2018 by .

0

Effective July 1, 2018, a residential rental and lease agreements will be required to disclose to a tenant, in no smaller than eight-point font:

Continue Reading

Posted on 19. Jun, 2018 by .

0

June 19, 2018 Los Angeles City Council Room 340, City Hall 200 North Spring Street Los Angeles, CA 90012 Re:   Council File No. 15-0463-S1 City Council Meeting for June 20, 2018, 10:00 am Agenda Item 10 Dear Councilmembers: The draft ordinance presented to you is a power grab by the Housing Department in the […]

Continue Reading

Get Ready for Summer Maintenance – by Gavin Gilbert

Posted on 01. Jun, 2018 by .

0

This time of year can be fun and exciting; it can also be hectic and stressful.  In an effort to make the summer more exciting and take more off of your plate, here are some time and money-saving tips to do this summer. 

Continue Reading

L.A. Department of Sanitation – “EXTORTION and CRIMINAL ACTIVITY”

Posted on 01. Jun, 2018 by .

0

The following is reprinted with permission of The Foothill Record, April 2018, Vol. 5, No. 4, Page 9. Break out the leftover New Year’s party hats and noise makers, how about leftover Valentine’s candy or maybe some Saint Patrick’s Day green brew. We just need something festive to celebrate the L.A. Department of Sanitation’s invitation […]

Continue Reading

Legal Q & A – by Richard Beckman

Posted on 01. Jun, 2018 by .

0

Question 1: I manage a SFR in a quiet neighborhood with multi-generational tenants listed on the lease. The adult son is causing domestic issues, and the police have been called to the house multiple times, often resulting in his arrest. Even the parents have asked me for help in having him removed from the lease, […]

Continue Reading

Long Beach Trade Show and Educational Conference a Big Success and Orange County Favors “Tenant Welfare”

Posted on 01. Jun, 2018 by .

0

Trade Show a Huge Success! Our “Million Dollar” Trade Show and Landlording Conference last month was a huge success!  You should have been there!  Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that will help them make and keep more money than ever!  […]

Continue Reading

Are Landlords Liable for Dog Bites? – by Dale Alberstone, Esq.

Posted on 01. Jun, 2018 by .

0

Hello everybody.  There is an old adage, “Every dog gets one free bite.”  While that is not true as to the liability of the canine’s owner, generally it is true for a landlord whose tenant’s dog bites a third person. To be more precise, a residential landlord does not owe a duty of care to […]

Continue Reading

Legal Q &A – by Dennis Block

Posted on 01. Jun, 2018 by .

0

Question One: I have a tenant who has presented me with a doctor’s note.  The note states that based on his psychological needs, he requires an emotional support animal. This is a no pet building, but I realize I have no option and must allow him to bring in the dog. My question is, can […]

Continue Reading

Delaware Statutory Trust Problems: DST 1031 Exchange Market Insights and Thoughts – by Dwight Kay

Posted on 01. Jun, 2018 by .

0

Many 1031 exchange investors researching Delaware Statutory Trust (DST) properties are looking to find out if the DST 1031 concept is “too good to be true”. What’s not to like about mailbox money from an institutional piece of real estate that is prepackaged and easily closed on in three to five days? Well, understanding potential […]

Continue Reading

Rent Control – CPI is Illegitimate! – by Michael Millman, Attorney

Posted on 01. Jun, 2018 by .

0

Below is a letter that was sent to politicians from San Diego to San Francisco:  Dear Friends: Perhaps there are 20 or more cities that will adopt some form of rent stabilization ordinance, rent control, landlord-tenant mediation bureau or inspection or “just cause” eviction mechanism.

Continue Reading

Renting Out a House? How to Choose a Policy When Insuring a Second Home – by GS Insurance Solutions

Posted on 01. Jun, 2018 by .

0

If you’re investing in a second home, we’ve gathered some insurance basics that will help you make the best buying decision when it comes to determining insurability and estimating your ongoing cost of ownership. It can cost more to insure a second home than to insure your primary residence.  Premiums are based on a variety […]

Continue Reading

Five BIG Mistakes Landlords Make – Just Say No! – by Nick Sidoti, R.A.M. – “Dr. Cash Flow”

Posted on 01. Jun, 2018 by .

0

Question:  You seem to be a person who has learned the same way I have, through the school of hard knocks.  One of the things I like about you is that you are willing to admit that you have made mistakes and you are willing to help others avoid learning the hard way.  If you […]

Continue Reading

Did You Know?

Posted on 01. Jun, 2018 by .

0

*Receipts Required For a Security Deposit A security deposit itemization must include receipts or estimates, if you are deducting for items which total $125 or more. If a receipt cannot be obtained within the 21 day period, in which the itemization must be mailed, make reference to the fact that the receipts will be sent […]

Continue Reading

How I Made 200 Times My Money in London Real Estate

Posted on 01. Jun, 2018 by .

0

A version of this article, by Peter Churchouse, Editor of The Churchouse Letter, first appeared on February 3, 2018 in the Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com.  In 1977, my wife, two-year-old son, and I were living in the West African […]

Continue Reading

Due Process – Criminals vs. Property Owners – by Jeremy Talcott, Attorney

Posted on 01. Jun, 2018 by .

0

The regulatory state began last century during the New Deal, inspired by earlier Progressives who believed that individualism, capitalism and the Constitution were obstacles to prosperity. They imagined a future in which government “experts”, (i.e., administrative agency bureaucrats), would lead and control the economy, subordination economic freedom and private property rights to what they perceive […]

Continue Reading

Do Your Tenants’ Mailboxes Meet USPS Security Specs? – by Jim McBurney

Posted on 01. Jun, 2018 by .

0

Although it is not obvious to everyone, mailbox manufacturers, property crime statistics and post office personnel will tell you that there has been a recent uptick in mail theft, identity fraud and check forgery. Although it’s hard to pin down the causes precisely, Cascade Building Inc. a specialist in mailbox security upgrading, believes that there […]

Continue Reading

Did the Enemies of Proposition 13 Blink on ‘Split-Roll’ Initiative? – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jun, 2018 by .

0

A reporter for the Bay Area News Group stopped by the government office in Santa Clara County and concluded that while people standing in line to pay their property taxes were upset with the heavy burden, they had scant knowledge of California’s iconic Proposition 13. What most were probably unaware of is that their taxes […]

Continue Reading

Los Angeles City Rent Stabilization – Reminders and Updates – by Patricia A. Harris

Posted on 01. Jun, 2018 by .

0

Hopefully, if you own apartments in the City of Los Angelesand are under the L.A. Rent Stabilization Ordinance, you have already paid your building’s registration fees of $24.51 per unit, which was due by February 29, 2018.  Serving a timely notice, you may collect one- half of those fees from your tenants. 

Continue Reading

Real Estate Exit Strategies – by Cliff Hockley

Posted on 01. Jun, 2018 by .

0

Real estate investors are facing the interesting challenge of where to put their money once they have sold their real estate assets.  As most of us have experienced when selling real estate outright, there are always the significant state and federal tax bills to be considered. Unfortunately, there is virtually nothing to trade into because […]

Continue Reading

Legal Q & A – by Franco Simone, Esq.

Posted on 01. Jun, 2018 by .

0

Q: I hired a property management company to take over managing my properties. What do I need to do to let my tenants know that I will not be managing my properties anymore?

Continue Reading

Managing Mold and Lead in Your Rental Property – by David Lo and Karen Yu

Posted on 01. Jun, 2018 by .

0

The authors spoke at our January members’ meeting on the importance of familiarizing ourselves with the serious issue of mold and lead. Here’s a summary of their presentation.  Mold Mold is fungus, and mold spores are present outside and inside of our homes every day. This is normal. In fact, many molds are beneficial, such […]

Continue Reading

Do You Need an Interest Bearing Account for Security Deposits? – by Patricia A. Harris

Posted on 01. Jun, 2018 by .

0

If your building is in one of the nine cities listed below, you must pay interest on the security deposit once a year and at the end of the tenancy.  The cities of Watsonville and Santa Cruz* do not have rent control, however, they also require you pay interest on security deposits once a year.  […]

Continue Reading

Something to Think About #69: Uncle Sally’s Nephew, Part 32 – by Klarise Yahya

Posted on 01. Jun, 2018 by .

0

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 31 –Forecasting:  Here’s another use for NOI and DCR. Rosenberg believes interest rates are going to climb. How will that affect the value of income properties? Once we know […]

Continue Reading

Largest Bed Bug Verdict in U.S. – Tenants Get $1.6 Million! – by the Editors of the Rental Housing Journal

Posted on 01. Jun, 2018 by .

0

A jury has awarded a California family $1.6 million in one of the largest single bed bug case awards ever reported against an apartment owner, according to a release. Liliana Martinez told NBC in Los Angeles her family suffered for months with bed bugs at the Kahala Islander Apartments in Inglewood, California in 2010. She […]

Continue Reading

Sacramento Report – Proposed Housing Bills – by Michael Millman, Attorney

Posted on 01. Jun, 2018 by .

0

During 2017, there were 131 Housing Bills and Governor Brown signed a very important housing package comprised of 15 Bills.  Most of these Bills deal with relaxing requirements associated with accessory dwelling units (granny flats) and promoting BONUS DENSITY HOUSING at or near rapid transit corridors. AB 1506, which would have repealed the 1995 Costa-Hawkins […]

Continue Reading

How to Fill Vacancies Faster! Pet-Friendly Landlord Tips From the American Humane Society

Posted on 01. Jun, 2018 by .

0

According to the 2009/2010 American Pet Products Association’s (APPA) National Pet Owners Survey, 62% of American households have at least one pet.  That means that pet-friendly property owners have more than double the pool of potential tenants than landlords who do not accept pets. Promoting your property as “pet-friendly” can be a powerful marketing tool […]

Continue Reading

Fresno Landlords Must Now Register Units!

Posted on 01. Jun, 2018 by .

0

The information below is from the City of Fresno’s website.  While the implementation of the Rental Housing Improvement Program is pending, the following information has been made available in the interim.  Please continue to check the City’s website for additional updates at https://www.fresno.gov/darm/rental-housing/.  

Continue Reading