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Archive for June, 2019

Who Has to Pay the Resident Manager’s Cell Phone Bill? By Dale Alberstone

Posted on 01. Jun, 2019 by .

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Hello everybody.   My discussion this month deals with the topic of whether an apartment owner must pay all or any portion of the cell phone bill of the owner’s resident managers who use their own personal cell phones when performing their work-related services.

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Introducing an Easy Method for Online Rental Payments By AOA

Posted on 01. Jun, 2019 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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Love Thy Neighbor? By – Zachary Lawrence JD

Posted on 01. Jun, 2019 by .

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The King James Bible states…”Thy shalt love thy neighbor as thyself”. The Ten Commandments states:  “Thou shall not bear false witness against thy neighbor”. Perhaps the more practical maxim is …”Love thy neighbor, unless they interfere with your use and enjoyment of the property”.  California Civil Code section 3479 states: “Anything which is injurious to […]

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Making a Molehill Into a Legal Mountain – How Small Resident Manager Payment Problems Can Turn Into Big Ones by – Gary Ganchrow

Posted on 01. Jun, 2019 by .

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As a rule, I do no write in this space about litigation.  Most non-lawyers are not interested and many believe that lawsuits – like some dreaded disease – will not happen to them. But I am going to make an exception in this article – sort of.  Because I have found that nearly all the […]

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Don’t Just Show Your Apartments – SELL Them! 19 Great Tips for an Open House By – Jeffrey Taylor

Posted on 01. Jun, 2019 by .

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In a competitive environment, the way you “sell the value” of your properties, not just “show” your properties, is critical. I often get asked by landlords who are frustrated, “Why can’t I get it rented?”   The landlords believe their properties are in excellent condition, they even include WOW factors. But yet, they show their rental […]

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No Need for Statewide Rent Control, But Legislators Keep Trying to Make it Happen by – Noni Richen, President of SPOSFI

Posted on 01. Jun, 2019 by .

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As one of the first arrivals at our designated bus stop, just as the sun was rising on April 25th, I wondered if any of our members would join the ride to Sacramento to protest AB 1482, yet another attempt to impose statewide rent control. But I had no reason to doubt—our bus was full, […]

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Top Five Apartment Mailbox Upgrade Mistakes By – Jim McBurney

Posted on 01. Jun, 2019 by .

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Few apartment owners or property managers realize that it’s not possible to replace their mailboxes by searching online for equipment [that looks like what’s there now] and ordering and installing it. This is because the mailboxes installed before 1999 are probably illegal, not security-compliant, not-repairable and may even be owned by the Post Office that […]

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Service Pets in Rental Properties: What Landlords Should Know by – David Crown

Posted on 01. Jun, 2019 by .

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Service dogs perform all kinds of helpful and impressive tasks to serve the handicapped and disabled: guiding the blind, pulling their owners in wheelchairs in some cases even dialing 911. They can be vital to their owners’ well-being. But occasionally, tenants try to abuse the system by bringing pets that don’t qualify as service animals […]

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5 Simple Elements for Your Real Estate Portfolio Legacy By – Nick Schoch

Posted on 01. Jun, 2019 by .

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Reviewing your portfolio of investment properties should provide a sense of satisfaction. Thanks to your decades of hard work, your portfolio generates cash and operates like a well-oiled machine. But would this continue without you? Is your spouse or successor up to speed on how your portfolio operates? Do they know the addresses for each […]

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Unauthorized Apartment Occupants Can Increase Crime Risk By – Chris McGoey

Posted on 01. Jun, 2019 by .

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Apartment unauthorized occupants are a challenge to landlords. How can landlords prevent apartment unauthorized occupants? What defines living in a unit versus being a short-term social guest?

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Legal Q & A By – Dennis Block

Posted on 01. Jun, 2019 by .

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Question One: I have rent control units in the City of Los Angeles. I am considering doing short term leasing, once a unit is vacated.  I intend to use a service such as Airbnb. Are there any pitfalls or suggestions that I should be aware of? I feel that I am forced to do this, […]

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Did You Know by- Dennis Block

Posted on 01. Jun, 2019 by .

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Laundry Leases When you purchase a building, you are subject to all existing leases. Laundry leases entered into by the previous owner now become your lease upon purchase. Typically, leases like this should have been disclosed during the escrow process. Many laundry leases have very long terms and grant the laundry company additional option periods […]

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How to Lease More Apartments By – Cathy Macaione

Posted on 01. Jun, 2019 by .

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Have you met your goals for the first quarter of the year? Or has traffic come to a screeching halt? Perhaps you are worried about how you are going to secure more leases. Or maybe you have so much competition that your team and your community is getting lost.

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Legal Q & A Abandoned Property by Franco Simone, Esq.

Posted on 01. Jun, 2019 by .

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Q:  I served my residential tenant with a three day notice to pay rent or quit and he called me during the 3 Day Notice period to tell me he moved and I could take back possession of the property. He left the keys on the counter and he left some of his stuff behind. […]

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Something to Think About #81: by – Klarise Yahya

Posted on 01. Jun, 2019 by .

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Continued from Part 80 . . . Determining the Mean The mean is the statistical determination of “average”. The mean of 10+10+30 is 16.67. That is also the average. Both words refer to the same result, but with a small difference. Generally, “average” is used to imply a WAG (Wild Alcoholic Guess), while “mean” suggests […]

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“Modern Monetary Theory” – No Limit on Debt… Really? By – Gary Halbert

Posted on 01. Jun, 2019 by .

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This discussion will focus on a radical new form of monetary policy that is being advocated by several of the leading presidential candidates. It will be a discussion of the dangerous ideas some politicians have for financing their plans for massive growth in government spending. I want all of my readers to understand what “Modern […]

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Secondary Markets Drove Multifamily Rent Growth in March By – the Editors of the Rental Housing Journal

Posted on 01. Jun, 2019 by .

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Multifamily rent growth and increases are dominated more and more by secondary and tertiary markets that are producing a disproportionate share of economic and population growth, and where rents are low enough that they can be raised without overly burdening tenants, according to the latest report by Yardi Matrix.

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How to Protect Your Tenants and Buildings from Bedbugs By -Top Dog Pest Control

Posted on 01. Jun, 2019 by .

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More About Bedbugs Bed bug infestations have undergone resurgence and can be found in the finest hotel and living accommodations. Due to changes in pesticides and an increase in travel, transportation of infested items such as, luggage, furniture, and bedding, we can’t stop the spread of these bugs. The detection of this blood-sucking bug is […]

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ATTENTION TO ALL ALAMEDA CITY EMPLOYERS

Posted on 01. Jun, 2019 by .

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NEW WAGES FOR RESIDENT MANAGERS! Alameda City, California, Enacts Minimum Wage Ordinance The City of Alameda, California has passed an ordinance establishing a local minimum wage that applies to all employees who work at least two hours in a calendar week within the city as follows:  July 1, 2019 – $13.50  July 1, 2020 – […]

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5 Simple Elements for Your Real Estate Portfolio Legacy By – Nick Schoch

Posted on 01. Jun, 2019 by .

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Reviewing your portfolio of investment properties should provide a sense of satisfaction. Thanks to your decades of hard work, your portfolio generates cash and operates like a well-oiled machine. But would this continue without you? Is your spouse or successor up to speed on how your portfolio operates? Do they know the addresses for each […]

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What is the EBEWE Program Ordinance? by – Debbie Smith, Certified Energy Manager

Posted on 01. Jun, 2019 by .

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Part 1 of the Ordinance – Benchmarking Los Angeles is not the first city to implement energy benchmarking, New York City, Denver Colorado, Boston Massachusetts, Washington DC, Berkeley, San Jose and San Francisco among others led the way.

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Prop. 13 Tax Protection in Danger! By – Jon Coupal

Posted on 01. Jun, 2019 by .

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Dear Dan:  You may recall from our last President’s Circle update that we predicted very rough waters for California taxpayers after the November election.  Regrettably, we were right. Sacramento politicians are now trying to outdo each other in conjuring up new ways to tax California homeowners, citizen taxpayers and businesses both large and small.  And, […]

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2020 Split Roll Measure Must be Defeated!

Posted on 01. Jun, 2019 by .

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The below article is from the California Business Properties Association. Established in 1972, CBPA proudly serves as the legislative and regulatory advocate for property owners, tenants, developers, retailers, contractors, land use attorneys, brokers, and other professionals in the industry by representing their interests at the State Capitol and in Washington, D.C.

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

Posted on 01. Jun, 2019 by .

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Hopefully, if you own apartments in the City of Los Angeles and 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, 2019.  Serving a timely notice, you may collect one- half of those fees from your tenants.

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Politicians Embrace Socialism at Their Own Peril By – Gary Halbert

Posted on 01. Jun, 2019 by .

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My readership has long been dominated by free-market conservatives who believe in lower taxes, less regulation and smaller government. Yet I have always had a smaller contingent of readers who are big government liberals, but they like reading me to help them understand how conservatives think. I appreciate everyone who reads my work.

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