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Archive for November, 2018

Why Every Realtor Should Know About DSTs By – Don Meredith

Posted on 01. Nov, 2018 by .

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“Why didn’t my realtor know about this?”  At Tactical Income, Inc., we hear that question often when consulting on Delaware Statutory Trust (DST) investments for a 1031 exchange.  We heard this from a client inSan Diego with nine investment properties and serious medical problems who no longer had the time or energy to manage her […]

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Finally Another Landlord Victory By – Sheri Swist

Posted on 01. Nov, 2018 by .

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 Fourth Amendment Rights in the Context of SCEP Inspections Restored to Landlords and Tenants! 

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A Soft-Story Story: What’s Trust Got to Do with It? By – Dee Soffer

Posted on 01. Nov, 2018 by .

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Trust is a fragile gift – one that you must hold on to dearly and handle with the utmost care. We need trust in everything we do. It’s the component in life that when you have it, everything becomes possible.  It is the basis of healthy relationships; first cultivated with ourselves and then with everything […]

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San Diego’s Unique Triumph: Gleanings From a New York Times Best Seller by – TERRY MOORE, CCIM

Posted on 01. Nov, 2018 by .

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Harvard’s Edward Glaeser contends that cities are our species’ greatest invention. His readable volume explains why cities make us richer, smarter, greener, healthier, and happier. His book is Triumph of the City. Several of its major points highlight special strengths of San Diego. First, take a look at some of what the research has revealed. […]

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Something to Think About #74, Part 37 by – Klarise Yahya

Posted on 01. Nov, 2018 by .

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If you’ve missed some of the basic articles, guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Continued from Part 36: Wrong! Capitalizing “Forecast” Rents

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Important News for Investment Real Estate Owners By – Dwight Kay and the Kay Properties Team

Posted on 01. Nov, 2018 by .

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A 1031 exchange is considered by many to be the most effective tax deferral tool available. Under IRS code section 1031, investment real estate owners are able to defer the capital gain tax on the sale of appreciated investment property if they reinvest in “like-kind” property.  Real estate held for business or investment purposes can […]

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Proposition 10 Goes Down in Flames! By – Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Nov, 2018 by .

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This [month], Californians saw several taxpayer threats on the ballot, not the least of which was Proposition 10, titled “Local Rent Control Initiative.” This measure would have opened the floodgates to big government bureaucracies, burdensome regulations and a loss of property rights.

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Management Tips From MRLANDLORD.COM By Jeff Taylor, “Mr. Landlord”

Posted on 01. Nov, 2018 by .

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10 Ways to Verify Truthfulness of an Application (Before Even Running a Credit Check) 

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Winter’s Coming: Is Your Property Rain-Ready? By – Kevin Stamm

Posted on 01. Nov, 2018 by .

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November brings more than just an increased burden for letter carriers; it’s the start of our rainy season. Is your property ready? From top down, here are some areas to check. Roof Have a flat roof? What happens if its sole roof drain outlet gets clogged? Make sure it’s open and water can escape. Clear […]

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Legal Q & A by Richard Beckman

Posted on 01. Nov, 2018 by .

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Question 1:  I missed the AOA seminar on the upcoming Costa Hawkins/Proposition 10 vote. Can you summarize what I missed? Answer 1: Yes. In a nutshell, the Costa-Hawkins Rental Housing Act law was passed in 1995, and was designed to do three primary things. First, it eliminated what is known as “vacancy control, “which is […]

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FREE STUFF! Like Tenant Welfare (Also Erroneously Known as “Rent Control”) Posted on May 4, 2018 By – David Robinson

Posted on 01. Nov, 2018 by .

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The folks who are getting the free stuff don’t like The folks who are paying for the free stuff because The folks who are paying for the free stuff can no longer Afford to pay for both the free stuff and their own stuff. And the folks who are paying for the free stuff Want […]

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Get Ready for Your Fall and Winter Maintenance By – Matt Kohl

Posted on 01. Nov, 2018 by .

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Arriving home one hectic day from work, all I wanted to do was nothing.  Instead, I arrived to find a little pond in my front yard that had not been there when I left that morning.  As you can imagine, I wasn’t very happy and in no mood to deal with it.  But as all […]

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Open Letter to All Politicians Regarding Current Evictions and Section 8 By – Michael Millman, Attorney

Posted on 01. Nov, 2018 by .

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Oppose – Free Attorneys to all Eviction Cases Let’s start at the beginning.  Six years ago, our good friend, Mike Feuer, and others passed a state law called the Shriver Act.  It provided to all indigent tenants the absolute right to an attorney – to be paid for by the County.  This program runs from […]

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Trade Show a Huge Success! and Pacific Legal Foundation Asks Supreme Court To Give Homeowners Protection from Excessive Fines

Posted on 01. Nov, 2018 by .

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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 would help them make and keep more money than ever!  […]

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Legal Q & A – Selling Rental Property By – Franco Simone, Esq.

Posted on 01. Nov, 2018 by .

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Q: I want to sell a house that I rent out, but I have a tenant living there. They are in a one-year lease that doesn’t terminate until June of next year. Can I break the lease because I am selling the property? A: No, you cannot break the lease at the time of the […]

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Legal Q & A by – Dennis Block

Posted on 01. Nov, 2018 by .

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Question One: I have a tenant that has filed a claim against me. He tripped in the swimming pool area. I truly believe that he has faked his injury. My insurance company is in the process of investigating this claim. It should be noted that for the last year, this tenant has never paid his […]

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News from the San Diego County Sheriff’s Department on Evictions By – Ted Smith, Attorney

Posted on 01. Nov, 2018 by .

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When the eviction process comes to an end, the Sheriff’s office does its part by restoring you to possession of the property and, if necessary, physically removing the ex-tenants.  The Sheriff’s Department has come up with an Eviction Guide, one in which they make more requirements for you to assist in the process.  Here are […]

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I Won the Lottery – Please Double My Rent By- Albert Sukoff

Posted on 01. Nov, 2018 by .

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Despite evidence which clearly shows that a building I developed in Oakland is not subject to rent control – it is classified as new construction and exempt from the controlling ordinance – a tenant filed a petition to have her rent increase voided as it was [barely] greater than the allowed increase for controlled units.  […]

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How Rent Control Drives Out Affordable Housing – Part V By – William Tucker

Posted on 01. Nov, 2018 by .

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Shadow-Market Housing In large metropolises, a housing shortage can severely damage the city’s economy.  Experience shows that when such cities adopt rent control, they usually try to avoid outright housing shortages by leaving segments of the market unregulated.  Unsatisfied demand is diverted into this unregulated sector.  Because of the shadow-market effect people in this sector […]

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IN THE NEWS … OWNERS BEWARE!

Posted on 01. Nov, 2018 by .

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Woman Shot in Head While Serving Eviction Notice and Raccoon Attack Leads to a Lawsuit Against Apartment Complex – By the Editors of the Rental Housing Journal Recently, there have been some court decisions which owners should bear in mind as part of their day-to-day management of their buildings. Below are those cases. 

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How to Adopt No Smoking Policies for Your Building(s) By – Esther Schiller

Posted on 01. Nov, 2018 by .

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Ten years ago, a statewide survey showed that more than 85% of apartment renters and owners/managers in California agreed that secondhand tobacco smoke is harmful to people. Based on our more recent surveys, that percentage has moved much higher. Apartment owners know that tobacco smoke is also harmful to an apartment unit. The small particles […]

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Pacific Legal Foundation Asks Supreme Court To Give Homeowners Protection from Excessive Fines – by Christina M. Martin Attorney

Posted on 01. Nov, 2018 by .

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Our friends at Institute for Justice have convinced the Supreme Court to soon decide in the case Timbs v. Indiana whether the Constitution restrains states (and not just the federal government) from imposing excessive fines. This case started when the State of Indiana attempted to take Mr. Timbs’s Land Rover, on top of other punishments, for his violation […]

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Is Your Equity Still Working as Hard As it Should? By – Nick Schoch

Posted on 01. Nov, 2018 by .

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When you decide to invest in real estate, you invest your time and energy into finding the perfect property and waiting for the right time to buy. Then, after you’ve purchased and financed the property, you shift your focus to managing the property to maximize cash flow. Sounds good and it is … at first. […]

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What’s the Deal with Gutters? By – Rob Buffington

Posted on 01. Nov, 2018 by .

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So what’s the deal with gutters? Are they really a big deal or are they just something that builders tack on like the little charges on your phone bill to squeeze out a little extra money? Some parts of the country don’t even have gutters, so how important can it be to have them cleaned […]

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Red Light Camera Tickets: Ouch! By – Dale Alberstone, Esq.

Posted on 01. Nov, 2018 by .

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Hello everybody.  Owning apartment buildings is not a 9 to 5 job.  In fact, it is 24/7 work.  An owner never knows when a tenant or resident manager will telephone or text about an emergency in a building, be it a fire, water coming through the tenant’s ceiling, the motorized garage gate won’t close (or […]

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