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Archive for September, 2019

UPDATE on Statewide Rent Control AB 1482

Posted on 06. Sep, 2019 by .

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Update on the Statewide Rent Control from Attorney Michael Millman OPPOSE AB 1482 ; as amended;  Sacramento super Power Players have been meeting at the Governor’s Office for many weeks and negotiating a compromise RENT CAP Bill. All amendments must be completed by Friday September 6 2019.  Economic Round Table; Blackstone; Realtors; CAA ; Building Industry were at the […]

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Americans Claim Social Security Benefits Too Early By – Gary Halbert

Posted on 01. Sep, 2019 by .

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Before I jump into our main topic today, note that the first estimate of second quarter GDP came in better than expected at 2.1% (annual rate) last Friday and is expected to improve in the last half of this year. Now let’s get started.

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Soft Story Retrofitting – Still Puzzled? Ask the Expert! By Dee Soffer

Posted on 01. Sep, 2019 by .

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Q1: I own a soft-story property in LA and received a notice to comply almost two years ago. I got too busy and did not hire an engineer yet so I am concerned that I may not be able meet the submission deadline.  What are my options? Are there any fees or penalties involved?

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Rent Stamps Could Provide Some “Social Justice” For Rental Property Owners and New Renters By – Brian Wallace

Posted on 01. Sep, 2019 by .

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In 1979, when rent control was first passed in San Francisco, two important issues were not addressed: A needs-assessment of renters and The disproportionate social obligation imposed on those providing the housing How many of us know renters whose annual income far exceeds that of the property owner from whom they are renting?  This is […]

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference! Thursday, September 12th at the Los Angeles Convention Center – West Hall A

Posted on 01. Sep, 2019 by .

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Mark your calendars for Thursday, September 12th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Los Angeles. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows, you may even go home with […]

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Spotlight on Sexual Harassment in Housing By – Ellen Clark

Posted on 01. Sep, 2019 by .

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While harassment of any kind is illegal, the topic of sexual harassment warrants special consideration. Every year, thousands of people face unwelcome comments and requests for sexual favors from landlords, property managers, maintenance workers, and security guards.

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Something to Think About #84: Information, Not Advice – Part 4 by Klarise Yahya

Posted on 01. Sep, 2019 by .

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Continued from Part 3 . . . The Horse One SD is defined as the range about the average return containing 68% of the data points, with half the data points being beneath the average return and the other half being above. Relative to any given asset, those two figures will reveal (a) how much […]

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NEWS RELEASE

Posted on 01. Sep, 2019 by .

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Multifamily Housing Survey Finds Strong Demand But Rent Control Threatens to Dim Outlook WASHINGTON, D.C. — The enduring strength of the apartment market was the main takeaway of the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for July 2019, as the Market Tightness (60), Equity Financing (56), and Debt Financing (80) […]

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California’s Housing Shortage -By Terry Moore

Posted on 01. Sep, 2019 by .

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You can’t have a conversation about the housing situation in California today without the words “shortage” or “crisis.” National media love to write about our “astronomical” housing prices and rents. Unfortunately, the crisis is real, and Californians don’t seem to have the political will to do anything to solve it.

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Attention Landlords! How to Write-Off Practically Anything By – Karla Dennis

Posted on 01. Sep, 2019 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they […]

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ATTENTION: ALAMEDA RENTAL PROPERTY OWNERS!

Posted on 01. Sep, 2019 by .

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ATTENTION:    ALAMEDA RENTAL  PROPERTY OWNERS!  If you have recently served a notice of a rent increase, or if you intend to serve a notice of a rent increase, please read the following carefully.

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Legal Q & A by Dennis Block

Posted on 01. Sep, 2019 by .

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Question One: I have someone moving in with poor credit but has a co-signer that will guarantee performance of the lease. Do I include the co-signer on the lease as a tenant, even though the co-signer will not be occupying the premises? Thanks for your help.

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San Francisco Trial Court Ruling a Temporary Setback for Prop. 13 By Jon Coupal

Posted on 01. Sep, 2019 by .

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Recently, a San Francisco judge upheld the validity of a local special tax that failed to secure a two-thirds vote of the city electorate as required both by Proposition 13 (1978) and Proposition 218 (1996), also known as the Right to Vote on Taxes Act. Both initiatives were sponsored by the Howard Jarvis Taxpayers Association. […]

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5 Ways to Go Above and Beyond in Property Management By – David Crown

Posted on 01. Sep, 2019 by .

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Like just about every other industry, property management has seen major technological advancements in recent years, and it’s crucial for us to make sure our service adopts the most efficient tools available to it. But in truth, the quality of a property management company doesn’t hinge on technology—it comes down to principle. Much of what […]

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California Lawmakers – They Just Don’t Get It, But Landlords Are Fighting Back! By – Patricia A. Harris

Posted on 01. Sep, 2019 by .

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It appears that the state of California believes that the housing shortage should be placed on the shoulders of housing providers and the politicians continue to burden them with new laws in an attempt to solve the problem.  They chisel away at private property rights and place more and more restrictive laws on the people […]

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Apartment Crime Motivation – A Point of View Through Criminal Eyes By-Chris McGoey

Posted on 01. Sep, 2019 by .

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For the property thief, the decision to commit a crime on an apartment property is a risk versus reward exercise. The risk of committing this crime is the chance of getting caught, losing the property, and possibly their freedom.

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Long Beach Tenant Relocation Ordinance Provided by the City of Long Beach

Posted on 01. Sep, 2019 by .

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The Tenant Relocation Assistance Ordinance became effective on August 1, 2019. Landlords who own any multi-family residential rental housing in buildings consisting of at least four residential housing units are required to pay relocation assistance to tenants in the following cases:

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New Prohibited Discrimination: Hairstyle!! By Dale Alberstone

Posted on 01. Sep, 2019 by .

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Hello everybody.  Here’s a quick question:  Is an apartment building a business establishment?   Here’s the quick answer:  Yes! In 1959, California enacted the Unruh Civil Rights Act and named it after its author, Jesse Unruh.  The Act’s principal objective was (and still is) to prevent many types of unreasonable discrimination by business establishments.  Business establishments […]

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How to Get Two or Three Times More Rent and Much Better Tenants – Without Section 8 by – Nick Sidoti, R.A.M.

Posted on 01. Sep, 2019 by .

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You have heard it all before.  Some of us have even said it ourselves – “Being a landlord can be a pain.”  Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate.  We also know all the benefits of investing in real estate. […]

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Lawsuit Against Southern Cal Edison Seeks Millions! By – Aaron Youssefi

Posted on 01. Sep, 2019 by .

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Last month, Los Angeles County joined a growing list of entities suing Southern California Edison, seeking to hold the utility accountable amid hints that its damaged electrical equipment may have sparked the devastating Woolsey fire.

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HUD Charges Landlords with Discrimination for Not Allowing Assistance Cat By – the Editors of the Rental Housing Journal

Posted on 01. Sep, 2019 by .

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Landlords who refused to allow a single mother with a daughter who needs an assistance cat to rent a townhome has been charged with housing discrimination, according to a release. The woman had already signed a lease and explained to the landlords that her oldest daughter, who has mental disabilities, needed the assistance cat – […]

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6 Reasons You Might Want to Refinance Your Apartment Loan By – Nick Schoch

Posted on 01. Sep, 2019 by .

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Many apartment investors don’t like debt, so rather than refinancing, they would prefer to pay off their loans. Why get a new loan when you’d prefer to have no loan? If that describes you, you may want to reconsider. Used wisely, debt is a powerful tool that can help you reach your short- and long-term […]

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