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Archive for August, 2019

Coming Next Month – The FREE “Million Dollar” Trade Show and Landlording Conference! and California Rent Control: Lawmakers Have Not Learned Their Lesson

Posted on 01. Aug, 2019 by .

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The Big Show You’ll want to mark your calendars for the FREE “Million Dollar Trade Show and Landlording Conference” next month where we’ll be giving away an iPad and 5-day cruises.  The show will be held on Thursday, September 12th at the Los Angeles Convention Center in West Hall A, 1201 N. Figueroa!

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Legal Q & A by – Dennis Block

Posted on 01. Aug, 2019 by .

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Question One: I have a rent control apartment in the City of Los Angeles. I have a tenant who brought in an extra person without my permission. What are my options? Answer One: You have two options. Your first option would be to serve a 3 Day Notice to Perform or Quit, which would give […]

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Something to Think About #83: Information, Not Advice: Part 3 By – Klarise Yahya

Posted on 01. Aug, 2019 by .

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Continued from Part 2 . . . Diversified Coin Flip – Time goes by.  Uncle Fred offers to divide your retirement account into two equal parts (Part A and Part B) and conduct a separate coin toss for each half. Whether heads or tails, the results of each coin toss for Part A will be […]

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Legal Q & A By – Franco Simone, Esq.

Posted on 01. Aug, 2019 by .

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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?  A: You are required to serve your tenants with a notice of change of ownership/management every time ownership or management changes. This […]

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Assembly Proposes to Reduce Estate and Gift Tax Exemptions to $3.5 Million By- Attorney Kenneth Ziskin

Posted on 01. Aug, 2019 by .

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Earlier this year, State Senator Scott Wiener (D – San Francisco) introduced legislation to dramatically increase taxes on wealth transfers by California residents.  This follows the failure of a proposed California Estate Tax initiative to qualify for the 2018 ballot. His bill, SB 378, would put a referendum on the 2020 General Election ballot to […]

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California Court Affirms $93,000 Judgment Against Property Management Company for Deferred Maintenance By – Jesshill E. Love

Posted on 01. Aug, 2019 by .

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You own and operate a property management company in California.  You have your license, you’ve done the training, you’ve provided excellent service to your clients, and built your business … but, you’re concerned aren’t you?  What if something goes wrong?  What if there is a fire? What about deferred maintenance? Am I doing everything I […]

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Household Wealth Hit New Record $108.6 Trillion in First Quarter By – Gary D. Halbert

Posted on 01. Aug, 2019 by .

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Previously, I reported that household debt rose to a record high in the first quarter, but also that household balance sheets improved to the best level in years, according to the Federal Reserve. Well, new Fed data came out with some specific numbers.

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California Rent Control: Lawmakers Have Not Learned Their Lesson! by – Ethan Blevins

Posted on 01. Aug, 2019 by .

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Economist Thomas Sowell once quipped, “The first lesson of economics is scarcity” and “the first lesson of politics is to disregard the first lesson of economics.”

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Legal Q & A by – Rich Beckman

Posted on 01. Aug, 2019 by .

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Question 1: My tenant just gave me 30 days written notice. If I give her a 24-hour notice via email or text, can I show the unit to prospective new tenants? I thought this was a given but she claims I can’t show the place until she has vacated the property. Thanks in advance for your […]

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Management Tips from MRLANDLORD.COM Ten Reasons Why Landlords Should Not Feel Guilty About Evictions

Posted on 01. Aug, 2019 by .

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Create More Value, Increase Rent Let’s say you have a single family rental: 1,200 square foot, two bedrooms, one bath that also has a living room and family room. Your last renter has recently moved out and you are preparing to get it ready to re-rent. You take Mr. Landlord’s advice about the first thing […]

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Did You Know By – Dennis Block

Posted on 01. Aug, 2019 by .

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Comfort Pets Check out this commonplace occurrence. A prospective tenant fills out an application and indicated that she has no pets. A lease is signed which states that this is a “no pet” building. After the deal is consummated, the tenant presents a letter from a doctor who indicates that she has a disability and […]

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Justice Department Sues California Landlord for Trading Sex for Rent Discounts By – The Editors of the Rental Housing Journal

Posted on 01. Aug, 2019 by .

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The U.S. Department of Justice has filed suit against the owner and manager of rental properties in the San Diego area who is alleged to have been sexually harassing female tenants and trading sex for rent discounts, according to a release.

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OPEN LETTER TO OPPOSE AB 1482 By – Jenny Zhao

Posted on 01. Aug, 2019 by .

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Honorable Senator Scott D. Wiener: Bay Area Homeowners Network (BAHN) strongly opposes AB 1482, attempts to implement Rent Control statewide in California. AB 1482 will make the California housing crisis worse. Rent control laws have been proven to hurt renters and housing providers alike. Cities implementing rent control, such as San Francisco and Oakland, have […]

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San Diego City Council Bans Section 8 Discrimination by – Ted Smith

Posted on 01. Aug, 2019 by .

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Last year, the San Diego City Council approved a ban on discrimination against recipients of Section 8 Housing Vouchers.  The measure passed on a 6:1 vote with two councilmembers absent.  For those of you with residential rental properties within the City of San Diego, you cannot say “no” to an applicant based solely on whether […]

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Water Tax and Now Vacancy Taxes – California’s Latest Crazy Idea By – Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Aug, 2019 by .

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I have recounted how ideas coming from California’s progressive politicians are not just destructive, but also how most result in outcomes diametrically opposite of what the left actually thinks they will have. Examples of this phenomenon are legion.

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Renter’s Safety Net Takes a Beating! By – Michael Millman, Attorney

Posted on 01. Aug, 2019 by .

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Below is an open letter sent to Liam Dillon of the Los Angeles Times. Dear Sir: Thank you for your interesting article.  Unfortunately, it is very incomplete. Rent Stabilization (Rent Control) is a very complex, difficult and complicated subject. Let’s start at the beginning.  Berkeley, Oakland, San Francisco, Santa Monica and West Hollywood have, by […]

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Apartment Investing: Location, Location, Location (Or Not) By- TERRY MOORE, CCIM

Posted on 01. Aug, 2019 by .

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In residential real estate, the three most important things are…What are the three most important things in apartment investing? If you said location, location, location unfortunately you’re wrong, wrong, wrong. This truth is a shock to most new rental owners. But if you understand why, you can make more profitable apartment investments.

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Letters to the Editor … Governor Newsom – You Simply Don’t Care! Rent Control in Culver City?

Posted on 01. Aug, 2019 by .

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The following is an open letter from an anonymous Californian whose anger and frustration at the ongoing destruction of the state has boiled over. It reflects the feelings of so many people I know here, myself included. My friend would like this to remain anonymous but hopefully, get widespread attention, so please feel free to […]

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The Next Generation of 1031 Exchanges By – David Fisher

Posted on 01. Aug, 2019 by .

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I have always wanted to come to the rescue like John Wayne did in almost all his movies. It didn’t matter if he was saving settlers from the bad guys in the Wild West, saving Shinbone from Liberty Valance, fighting at the Alamo, the Civil War or World War II; he always gave it his […]

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“Back-Up” Offers: Be Careful! By – Dale Alberstone, Esq

Posted on 01. Aug, 2019 by .

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Hello everybody.  This month, let’s discuss “back-up” offers as they frequently occur in connection with the sale of apartment buildings. Real estate purchase contracts often contain a provision that the seller may receive back-up offers even though the seller has an accepted offer with the buyer and may even be in escrow.  Under real estate […]

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Worker Misclassification Risks Can Be Costly! By – Peter S. Muffoletto, C.P.A.

Posted on 01. Aug, 2019 by .

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Many businesses employ independent contractors which can be somewhat risky on many levels.  Regulations exist with both the IRS and Department of Labor (DOL) which determine how workers must meet certain criteria that distinguish them from employees. Get it wrong and you run the risk of having to pay back taxes, penalties, and possible certain civil […]

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Concord Rent Control Update Contributed by – Elena Lieberman, CCRM

Posted on 01. Aug, 2019 by .

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Here is an update on last month’s Concord City Council meeting regarding city recommendations: Just Cause Defeated!

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The Fight to Preserve Property Rights Never Ends By – Noni Richen

Posted on 01. Aug, 2019 by .

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I watched with resignation the vote in the State Assembly on our own David Chiu’s AB 1482 that would bring statewide rent control to California. The pro-housing forces were quite successful in diluting some of the harm and there’s always a (slight) chance that the bill will be defeated in the State Senate.  

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Five Steps to a Seamless Transition as the New Property Manager By – David Crown

Posted on 01. Aug, 2019 by .

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In the management industry, tenants aren’t the only ones coming and going; owners commonly “move” their properties between different property management companies until they’re satisfied with a service. Bringing buildings and entire portfolios under new management is a process well worth proper preparation, so here are five steps I always take to ensure this all-important […]

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Achieving Energy Efficiency By – the California Energy Commission

Posted on 01. Aug, 2019 by .

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Energy efficiency means doing more with less. By leveraging technology to meet consumer needs while using less energy, California is reducing the need for new electricity generation, which reduces air pollution and saves consumers money. Many energy efficiency strategies also create more comfortable homes and workspaces.

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