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Archive for December, 2019

Qualified Opportunity Zone Funds – A Tax Efficient Investment Vehicle for Those Selling Appreciated Assets By – Steve Haskell, Vice President

Posted on 01. Dec, 2019 by .

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What is a Qualified Opportunity Zone (QOZ)? A QOZs as described under the 2017 Tax Cuts and Jobs Act is a social program with the intent of redeveloping impoverished districts throughout the country by driving private capital to over 8,700 underserved communities and 35M Americans throughout by offering tax incentives to investors. (1) 

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5 Ways to Communicate Better with Challenging Tenants By – Holly Welles

Posted on 01. Dec, 2019 by .

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Many landlords wish they could communicate better with challenging tenants who pose a number of problems for management. As a landlord, you may occasionally encounter tenants who bring a range of issues with them, like missing rent payments or keeping pets when the terms of their lease don’t allow it. You don’t have to dread […]

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Does Your Insurance Policy Include Mold Coverage? By- GSI Insurance Solutions

Posted on 01. Dec, 2019 by .

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Mold has the potential for being an expensive and time-consuming discovery. It causes health problems and puts property owners at risk of losing tenants. The property could be considered uninhabitable and tenants have the option to break their lease, or worse, sue.

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More Bad Medicine By – Noni Richen, SPOSFI President

Posted on 01. Dec, 2019 by .

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The Economist, one of the most respected publications in the world, published an opinion in its September 21, 2019 edition on the subject of rent control.  The authors cite a shortage of rentals as the source of many of the challenges facing renters and owners today.

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Legal Q & A by – Dennis Block

Posted on 01. Dec, 2019 by .

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With the passage of the Statewide Rent Control, I have been receiving a deluge of questions regarding this statute. This month, the column will be devoted to the most popular questions that I have received regarding this topic.

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Legal Q & A by – Richard Beckman

Posted on 01. Dec, 2019 by .

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Question 1: In addition to the new statewide rent and eviction control law you wrote about last month, are there any other new laws coming up we should know about? Answer 1: Yes, there are several. One pertains to the amount of notice that will be required to impose a rent increase exceeding 10%. One […]

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RUBS Regulations: What You Need to Know By – Emily Landes

Posted on 01. Dec, 2019 by .

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With utility bills on the rise and submetering systems often cost prohibitive, many property owners are considering ratio utility billing systems (RUBS). Instituting RUBS is an inexpensive way to make tenants financially responsible for their usage and incentivize conservation.

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Back to Basics: The Truth About Clogged Drains By – Bruce Davis, Sr.

Posted on 01. Dec, 2019 by .

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There are few things as frustrating, filthy and damaging as a clogged drain or toilet.  Some systems seem to never have any problems; others seem to be constantly slowing or clogging and flooding things.  What’s the reason for that?

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Something to Think About #87 – Information, Not Advice Part 7 by – Klarise Yahya

Posted on 01. Dec, 2019 by .

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Continued from Part 6 . . . Assuming Greater Risk What follows are additional examples of some of the techniques the Bond Geeks use to goose their returns. For clarity, the examples below will use hypothetical data and do not adjust for taxes, inflation, or other trifles that might obscure the larger point.

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Survey: Family Offices Fear a Recession in 2020 By – Gary D. Halbert

Posted on 01. Dec, 2019 by .

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Recently, Swiss investment bank UBS and researchers at Campden Wealth Research published their annual report on the world of family offices. If you’re not familiar with the term, a family office is essentially a private wealth management group that handles investments, finances and other important matters for super-rich individuals and affluent families.

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“Good Faith” Eviction for Landlord Occupancy By – L.A. Housing and Community Investment Department

Posted on 01. Dec, 2019 by .

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The Rent Stabilization Ordinance (RSO) allows a landlord seeking in good faith to recover possession of a rental unit for use and occupancy as a primary place of residence for the landlord, the landlord’s spouse, grandchildren, children, parents or grandparents or resident manager.

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Inexpensive Ways to Thank Your Tenants This Holiday Season! By -Patricia A. Harris

Posted on 01. Dec, 2019 by .

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Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to […]

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December Holiday Ideas for Multifamily Communities

Posted on 01. Dec, 2019 by .

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A warm inviting smile from our staff is the perfect crowning glory to your holiday decorating efforts.   Greet everyone with a warm welcome and ensure your faces and attitudes reflect the same joyous message that is presented by your community décor.  Nobody wants to lease an apartment from The Grinch!

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You Get What You Inspect … Property Owners Should Not Ignore Their Properties By – Cliff Hockley

Posted on 01. Dec, 2019 by .

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Joe and his sister, Madison, flew in from Alaska to inspect their investment properties.  They were meeting with their property manager to review their investment portfolio.

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How to Solve the Number One Problem in Landlord-Tenant Relationships – Security Deposit Refunds By Robert Griswold, CRE®, CPM®, ARM®

Posted on 01. Dec, 2019 by .

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If you own rental property in California, you need to comply with special rules and procedures for vacating tenants.  California landlords must provide their tenants with written notice that they’re entitled to request and be present for an initial pre-move inspection.  A vacating tenant can decline, but if he accepts that the rental property owner […]

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Resident Manager Time Records: What You Need to Know By – Dale Alberstone, Esq.

Posted on 01. Dec, 2019 by .

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Hello everybody.  Let’s start with a multiple choice question.  Please choose the correct answer:  

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Did You Know- Statewide Rent Control – By Dennis Block

Posted on 01. Dec, 2019 by .

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With the passage of AB 1482 the so called “Tenant Protection Act of 2019” there has been much confusion regarding its provisions. This column will attempt to shed some light on this new law.

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Rising Rent Control Leading to Falling Development and Investment By – the National Multihousing Council

Posted on 01. Dec, 2019 by .

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WASHINGTON, D.C. — An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC’s Quarterly Survey of Apartment Market Conditions, conducted in October 2019. Rent control legislation is continuing to expand with 58 percent of respondents saying that […]

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Management Tips from MRLANDLORD.COM- By Jeff Taylor

Posted on 01. Dec, 2019 by .

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How to Increase Rental Profits  I recently did an interview with Forbes, and the article was just published last week. The focus of the interview was on how a landlord can increase rental profits. I thought many of you would benefit seeing the main points shared, so I have reprinted some of the key points […]

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Call It Like It Is: “Tenant Welfare”!

Posted on 01. Dec, 2019 by .

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And to make it more accurate, we should use the full, clear, most descriptive, revealing interpretation: “Tenant Welfare for the Rich” or “Tenant Welfare Paid for Only by Housing Providers!”

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Electric Vehicle Charging Stations for California Landlords By – Jamie Sternberg, Esq.

Posted on 01. Dec, 2019 by .

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California law provides a framework for California tenants to request permission from their landlords to install electric vehicle charging stations. Those laws are found at Civil Code §1947.6  (residential tenancies) and Civil Code §1952.7 (commercial tenancies). Laws regarding electric vehicle charging stations in homeowner’s associations are found at Civil Code § 4745 and 4745.1. In 2018, SB […]

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Letters to the Editor

Posted on 01. Dec, 2019 by .

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 Dear Dan: It gives me great of pleasure to tell you my experience with your employee Ms. Rebecca Abbott. I own number of apartments buildings in valley and Glendale it is almost ten years that I am member with AOA.  Rebecca Abbott was my advisor and every time I talked to her she was able […]

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Legal Q & A By-Franco Simone

Posted on 01. Dec, 2019 by .

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Q: I own a six unit apartment building in San Diego County that was built in the 1980s and I would like to remodel the units next year. Am I allowed to ask my tenants to vacate under the new Tenant Protection Act of 2019?

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