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

Archive for March, 2019

Hayward Adopts Just Cause for Evictions

Posted on 07. Mar, 2019 by .

0

Effective immediately, Hayward landlords must have Just Cause to evict tenants… DEVELOPING STORY…UPDATES WILL BE POSTED BELOW:

Continue Reading

Inglewood Emergency Rent Control Ordinance

Posted on 06. Mar, 2019 by .

0

Effective immediately, Southern California City of Inglewood unanimously passed a measure that prevents landlords from: 1) Raising rents by more than 5% and; 2) Evicting tenants for any reasons other than criminal activity or drug use in the rental property. This is for a 45-day period, but they also have the option to extend it […]

Continue Reading

AOA Lawsuit Forces Trash Haulers and L.A. City to the Bargaining Table

Posted on 06. Mar, 2019 by .

0

If you own rental property in Los Angeles, you are well aware that you are currently being gouged by the trash companies as a result of Mayor Eric Garcetti’s recycling program that was approved by the City Council.  According to the LA Times, the city and trash companies have made a new deal. Crooked Deal! AOA […]

Continue Reading

Legal Q & A by – Richard Beckman

Posted on 01. Mar, 2019 by .

0

Question 1: Are the new Oakland Rent Control laws applicable to a condo that has been rented for the past 8-10 years that we need to sell, or raise the rent on. Where can we find the most up-to-date interpretation of this law as it applies to condo owners who have rented out their condos?

Continue Reading

Recourse: What’s the Value of Your Signature? By – Nick Schoch

Posted on 01. Mar, 2019 by .

0

Should you promise to stand behind the loan on your property? Your gut reaction might be “I always pay my debts.” I’m right there with you. However, no one wants misfortune at one property to sink their whole balance sheet. As such, many investors opt for non-recourse debt to protect their net worth. Let’s review […]

Continue Reading

Letters to the Editor

Posted on 01. Mar, 2019 by .

0

Dear Dan: My husband and I visited the AOA-Long Beach AOA office for assistance. As Landlords, we met with Rebecca for help with our Small Claims lawsuit.  We want to inform you of how much we appreciate the help and time that Rebecca professionally extended to us. She spent a great deal of time with […]

Continue Reading

Something to Think About #78 – by Klarise Yahya

Posted on 01. Mar, 2019 by .

0

Continued from Part 77 . . . In Emily’s mind, apartment investments are by definition secure. Banks don’t lend $1 or $2 or $3 for every dollar of down payment the buyer contributes if the investment is risky. But, of course, not all apartments are equally secure. We’re using “secure” in the Buffett sense, meaning […]

Continue Reading

Fair Housing Laws Protecting Rights of LGBT Community Are Ever-Evolving By- Ellen Clark

Posted on 01. Mar, 2019 by .

0

In recent years, the LGBT community has earned additional rights under the law in many different contexts. From same-sex marriage recognition to restroom access corresponding to a person’s gender identity, the law is constantly evolving. The Federal Fair Housing Act (FHA) does not specifically include sexual orientation and gender identity as protected classes.  However, discrimination […]

Continue Reading

Sell or Hold? Reasons Why You Should Consider Holding Your Property By – Peter Nelson

Posted on 01. Mar, 2019 by .

0

We get a lot of owners who call us undecided whether they should sell or hold.  My advice to them every time is simply this: If you have a very good reason for the use of the net proceeds from sale, then sell.  But in every other case, HOLD!

Continue Reading

Legal Q & A by – Dennis Block

Posted on 01. Mar, 2019 by .

0

Question One: My property is under rent control in the City of Los Angeles. I understand that the City will allow a rent increase of 4% effective July 1, 2019. I have a rent increase that I can institute for April, 2019. If I raise the rent 3% in April, will I be able to […]

Continue Reading

The 20 Habits of Eventual Millionaires By – James Altucher

Posted on 01. Mar, 2019 by .

0

1. Say “No” When you say “NO” you have more time to read, learn, sleep, ask questions, contact friends and love life. Say “no” more.

Continue Reading

City Forces Homeowners to Pay Tenants to Move Out! By Pacific Legal Foundation

Posted on 01. Mar, 2019 by .

0

Lyndsey and Sharon Ballinger didn’t expect a cakewalk when a job change took them clear across the country and back, especially with two young children.  What took them by surprise, however, was that moving back into their own house would cost them their savings and property rights.

Continue Reading

2019 Economic Outlook by – Gary D. Halbert

Posted on 01. Mar, 2019 by .

0

Allow me to introduce you to an economist I have read for years. His name is Richard F. Moody. He is the Chief Economist at Regions Financial Corporation (Regions Bank) headquartered in Birmingham, Alabama.

Continue Reading

Get Your Prospective Renters to Visit Today! By- Joyce Kirby

Posted on 01. Mar, 2019 by .

0

Available for a limited time!  Only one of its kind!  Offer expires at midnight!  These and similar phrases are used to make people “spring boldly into action.”  They conjure up images of people rushing into department stores and retail outlets to take advantage of incredible offers on quality merchandise, especially during the holiday season. 

Continue Reading

How to Cut Your Losses When Tenants Vacate By – Nick Sidoti, R.A.M.

Posted on 01. Mar, 2019 by .

0

Q: Nick, I would like some ideas on how to avoid losing a month’s rent between tenants. Even my good tenants do not leave the place in move-in condition. It needs painting, cleaning, and minor repairs. Do you have any suggestions?   J.P. Cleveland, OH

Continue Reading

Supes Pass New Law Calling Certain Rent Increases “Tenant Harassment” By – Sean Makarin, Esq.

Posted on 01. Mar, 2019 by .

0

On January 15, 2019, the Board of Supervisors unanimously passed an ordinance amending the wrongful eviction and tenant harassment sections of the Rent Ordinance. The amendment takes aim at the Costa-Hawkins rent increases allowed on condos and single-family residences (SFRs), and is meant to prohibit owners of SFRs and condos from circumventing eviction controls through […]

Continue Reading

Get Ready for the Balcony Inspection Bill By – Jim Schlagel, General Contractor

Posted on 01. Mar, 2019 by .

0

On September 17, 2018 California Governor Jerry Brown signed into law SB 721 – “The Balcony Inspection Bill”. The bill arises in response to the tragic deaths of six UC Berkeley students in 2015 at a downtown apartment complex due to the collapse of a balcony. Owners of multifamily apartment buildings with three or more […]

Continue Reading

The New Year Brings New Challenges for Taxpayers By – Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Mar, 2019 by .

0

“There are better things ahead than any we leave behind,” wrote author C.S. Lewis, one of the many thoughts about how a New Year brings hope. As great as Lewis was, he wasn’t a California taxpayer in 2019.

Continue Reading

The Danger of Adding Debt in a 1031 DST Exchange: A Hypothetical Case Study by Steve Haskell, Vice President – Kay Properties and Investments

Posted on 01. Mar, 2019 by .

0

Below is a hypothetical example of a 1031 exchange investor that purchased DSTs with loans on them.  It exemplifies the risk of debt, and the potential benefits of remaining as debt-free as possible when investing in DSTs.

Continue Reading

Legal Q & A By – Franco Simone, Esq.

Posted on 01. Mar, 2019 by .

0

Q: I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to a rent […]

Continue Reading

7 Expectations and Predictions for Multifamily Investing In 2019 By – Vinney Chopra

Posted on 01. Mar, 2019 by .

0

Multifamily investing in 2019 and the market for multifamily properties is continuously changing, so here are seven expectations and predictions for the year ahead. On account of major political, social, and economic developments, investors will have to look at the bigger picture.

Continue Reading

Don’t Dread New Title 24 Solar Mandates; Profit from Them By – Terri Mierkey

Posted on 01. Mar, 2019 by .

0

If you believe building code mandates always end up costing you more money, you’ve got a pleasant surprise coming with California’s new solar requirements for multi-family homes. Starting January 1, 2020, all new residential buildings in the state under three stories tall must include solar panels. New updates to Title 24 of the state’s Building Energy […]

Continue Reading

5 Strategies Common to Successful Property Managers By – David Crown

Posted on 01. Mar, 2019 by .

0

In this article, I’ll lay out five practices that the best property managers turn into longstanding habits. I’ve returned to them consistently throughout my career, and they apply to the management of all forms of real estate, from retail to residential, office to industrial. When managing, organization is of the utmost importance. You’ll find that […]

Continue Reading

Choosing the Right Vendor for Your Property by – Cliff Hockley

Posted on 01. Mar, 2019 by .

0

In over thirty years as a property manager, we have been faced with numerous challenges with our vendors.  Let me give you a few examples: A sewage pump failed over the weekend, so we called a vendor who wanted $5,000 to replace the sump pump.  The pump cost was $1,000. We needed it replaced, but […]

Continue Reading

AOA Lawsuit Forces Trash Haulers And L.A. City to the Bargaining Table and Coming Next Month! The FREE “Million Dollar” Trade Show and Landlording Conference

Posted on 01. Mar, 2019 by .

0

AOA Lawsuit Forces Trash Haulers And L.A. City to the Bargaining Table If you own rental property in Los Angeles, you are well aware that you are currently being gouged by the trash companies as a result of Mayor Eric Garcetti’s recycling program that was approved by the City Council.

Continue Reading

Rent Control: It’s a Mirage, Hurts Low-Income Families, Means Higher Costs for Renters By – the California Association of Realtors®

Posted on 01. Mar, 2019 by .

0

The following is an excerpt from a position paper by C.A.R.’s Center for California Real Estate.  It details the consequences of rent control policies, which have been used in certain California jurisdictions to attempt to increase access to rental housing.  The complete position paper can be downloaded at http://centerforcaliforniarealestate.org/publications/CCRE_Rent_Control_report.pdf.

Continue Reading

Rainwater and Landslide Damage – Who is Liable? – By Dale Alberstone, Esq.

Posted on 01. Mar, 2019 by .

0

Hello everybody.  With the rainy season upon us, it is once again timely to review the laws pertaining to property damage liability caused by rainwater run-off, surface water flow and landslides emanating from a neighbor’s land.

Continue Reading

Management Tips from MRLANDLORD.COM by – Jeffrey Taylor

Posted on 01. Mar, 2019 by .

0

Month-to-Month Means More Money!   Landlords often use month-to-month agreements because it offers them more flexibility and the ability to evict faster if a good apple turns bad. However, one of the biggest potential benefits that most landlords do not take advantage of is that offering residents the option of a month-to-month rental agreement should mean more monthly income to […]

Continue Reading

DID YOU KNOW By – Dennis Block

Posted on 01. Mar, 2019 by .

0

Sub Meters Many times tenants, who are not responsible for their water usage, will waste water. Either they will allow the water to just run or fail to report leaks.

Continue Reading