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Archive for March, 2020

FREE Forms for COVID-19 Related Issues

Posted on 30. Mar, 2020 by .

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UPDATED 9/3/20 | Forms are usually a member benefit.  However, in light of the current crisis, and all of the additional burden landlords are having to face to continue housing tenants, even without payment of rent, AOA has made these COVID-19 forms FREE to all landlords.

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Sample Payment Plan for Past Due Rent – “Copy & Paste”

Posted on 24. Mar, 2020 by .

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REMINDER: State/local moratoria supersedes any payment agreements.  Payment agreements are entered in “good faith” between landlord and tenant, but may not be enforceable until after such time indicated by state/local moratoria. Link to fillable PDF:  PAYMENT PLAN FOR PAST DUE RENT OR Copy and Paste the agreement below: PAYMENT PLAN FOR PAST DUE RENT This Past […]

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Sample Letter to Residents About Rent – “Copy & Paste”

Posted on 24. Mar, 2020 by .

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FOR LOS ANGELES LANDLORDS: Link to printable Letter to Residents About Rent for Los Angeles [REQUIRED] Notice of Temporary Relief for Qualified Renters in Los Angeles ALL OTHER AREAS: Link to printable Sample Letter to Residents About Rent OR Copy the letter below and Paste on your own letterhead, you can make your own revisions: […]

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Sample Coronavirus (COVID-19) Memo to Tenants

Posted on 19. Mar, 2020 by .

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Dear Residents, As individuals, Californians and Americans, we are in a stressful time regarding both income and health concerns.  One way or another, everyone is affected.

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Criminal Record Denial Costs Owner Over One Million Dollars!- By Judy Drickey-Prohow, Attorney

Posted on 01. Mar, 2020 by .

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One of the first cases in the United States to challenge a landlord’s blanket ban on renting to people with criminal records as discriminatory, has resulted in a settlement for the plaintiff of more than a million dollars. The plaintiff in that case, The Fortune Society (“Fortune”), is a non-profit organization that provides housing and […]

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Justice Department Sues Los Angeles Property Manager and Owners for Sexual Harassment- By The Editors of the Rental Housing Journal

Posted on 01. Mar, 2020 by .

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The U.S. Department of Justice has sued the property manager and owners of Los Angeles apartment buildings near MacArthur Park alleging that female tenants in the buildings were subjected to sexual harassment and retaliation in violation of the federal Fair Housing Act, according to a release. The suit alleges that [the] property manager sexually harassed […]

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How to Avoid My Top 7 Landlord Mistakes- By Larry Arth

Posted on 01. Mar, 2020 by .

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Learning from your mistakes so you can master your business is the key to your success. You can learn from other people’s mistakes, so I would like to share mistakes that I have either personally made or have watched investor-clients make. So here is how to avoid my top seven landlord mistakes.

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More Californians Ponder Leaving- By Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Mar, 2020 by .

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In the ‘80s, a punk rock band, The Clash, had a catchy little hit entitled, “Should I Stay or Should I Go.” As Californians start a new decade, many are asking themselves the same thing. For a few, the decision to leave is easy because of better job opportunities or the desire to escape California’s […]

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A Critical Life Lesson:  Do You Know How to Catch Wild Pigs

Posted on 01. Mar, 2020 by .

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Critical Life Lesson: “Do You Know How to Catch Wild Pigs? This is for all you educated people that think uneducated people are dumb.  Let’s see how this works out for you and your family if this country keeps pushing for socialism. There was a chemistry professor in a large college that had some exchange […]

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Coming Next Month!  The FREE “Million Dollar”Trade Show and Landlording ConferenceandA Critical Life Lesson:  Do You Know How to Catch Wild Pigs

Posted on 01. Mar, 2020 by .

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The Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month.  The big show will be held on Wednesday, April 29th at the Long Beach Convention Center in Hall C, 300 East Ocean! WIN A FREE TESLA MODEL 3!

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A California Housing Crisis Mystery: Rents Are Way Up This Decade, But Eviction Filings Are Way Down- By Matt Levin

Posted on 01. Mar, 2020 by .

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  Shirley Gibson isn’t quite sure how to feel about these numbers.  As directing attorney of the Legal Aid Society of San Mateo County — which offers legal services to low-income tenants caught between the preposterously priced southern suburbs of San Francisco and the preposterously priced suburbs of Silicon Valley — she’s seen firsthand how […]

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Legal Q & A- By Franco Simone

Posted on 01. Mar, 2020 by .

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Q: I am renting out an apartment unit. One of the applicants was arrested for assault last month but has not been convicted of the crime. I do not feel comfortable renting to someone who was arrested for assault.  Can I deny his application based on his arrest?  A: No, you may not deny a […]

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Quitclaim Deeds vs. Grant Deeds, With a Surprise Ending!- By Dale Alberstone

Posted on 01. Mar, 2020 by .

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Hello everybody.  This month, let’s discuss the differences between Quitclaim Deeds and Grant Deeds.  As you will see, Grant Deeds have a surprise ending, or at least an ending that most lawyers might get wrong if they were questioned on the topic.   Here is the question:  Does a person who gives a Grant Deed to someone else […]

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Secrets of Self-Managing Your Property- By Bill Biko, The Educated Landlord

Posted on 01. Mar, 2020 by .

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Should you be self managing your property or should you be paying a management company to deal with your property? It’s a question that comes up quite often around here and there really is no one answer that fits everyone. Personally, I manage all my properties, I save a ton of money by doing it […]

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New State Law AB 1482’s Disclosure Requirements- By Brian Wallace, SPOSFI Member

Posted on 01. Mar, 2020 by .

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The new state law AB 1482 extends rent control to buildings constructed after June 1979, the  effective date of the San Francisco Rent Ordinance. Included in the law is the requirement that landlords disclose in their rental  agreement if a unit is subject to AB 1482’s rent control provisions. The disclosure requirement kicks in on […]

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Roles and Responsibilities of Section 8 Landlords and Tenants- By Kristin Maithonis

Posted on 01. Mar, 2020 by .

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Recently, a landlord visited me and said that he wanted his Section 8 tenant to move out because her boyfriend, who was not included in the lease, was living in the unit. He was unhappy to learn that, as the landlord, he is responsible for enforcing the lease and that the housing authority could not […]

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Proposition 13 and California “Split Roll” Ballot Measure- By Kevin Cronin

Posted on 01. Mar, 2020 by .

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  Most California office tenants know that commercial landlords typically pass on a pro rata share of real estate taxes, including property taxes, to their tenants. In the most common office lease, tenants are only responsible for property tax increases over the “base year” amount which is most often the year of the commencement date […]

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NEWS RELEASE – NMHC and NAA Statement on the HUD’s Emotional Support Animal Guidance

Posted on 01. Mar, 2020 by .

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WASHINGTON, D.C. — Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) on the release of new emotional support animal guidance from the U.S. Department of Housing and Urban Development: NMHC and NAA are pleased that the U.S. Department of Housing and Urban Development (HUD) released new guidance clarifying the responsibilities […]

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Legal Q & A- By Dennis Block

Posted on 01. Mar, 2020 by .

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Question One: I am planning on leasing my single family residence. My property is located in San Diego. Am I under any restrictions with regard to the new statewide rent control law, AB 1482? Answer One: A single family residence is exempt from restrictions pursuant to AB 1482. You are free to raise the rent […]

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Oakland City Council Goes Crazy!- By AOA

Posted on 01. Mar, 2020 by .

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    The Oakland City Council has passed a law to make it illegal for housing providers to obtain a criminal background check on prospective tenants.  Berkeley, Emeryville and Alameda may just follow suit.  The measure was passed with no City Council person voting against it. What is it? They called it the Fair Chance […]

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How to Be a More Successful Landlord- By Jay P. DeCima

Posted on 01. Mar, 2020 by .

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Operating rental properties and dealing with your tenants are not separate jobs.  They are inseparable parts of landlording. I owe a great deal of my real estate success to my landlording abilities.  Some folks argue that professional property managers are paid a decent percentage of the gross rental income to relieve owners of this thankless […]

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Apartment Investing: What Kind of Good Deal Do You Want?- By Terry Moore

Posted on 01. Mar, 2020 by .

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Every apartment investor wants a good deal. But a good deal for one investor may be a poor choice for another investor. Here are four categories of “good deal.” Which one is right for you?

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March 2020 Letters to the Editor …

Posted on 01. Mar, 2020 by .

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Dear AOA:  Today I received my 2020 RSO bill.  On the top is reads:  “New in 2020: The RSO Fees Per Unit Have Been Increased.”   My building is under rent control.  This year, I was allowed to raise my rents 4%.  My RSO unit fees were INCREASED 18%!!  That is crazy. The RSO fee […]

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Something to Think About #90 – Information, Not Advice – Part 10- By Klarise Yahya

Posted on 01. Mar, 2020 by .

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Managing Expectations  “Mr. Unrealistic Hopes, meet Ms. Unmet Goals.” Somewhere there’s a survey showing that Millennials (b: 1981-1996) who have never experienced a stock market correction (a decline of 10% or more), let alone a bear market (decline of 20% or more) have convinced themselves that the average growth of a diversified basket of large […]

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Use it or Lose It – Regs to Cut Estate and Gift Tax Exemptions in Half After 2025- By Kenneth Ziskin

Posted on 01. Mar, 2020 by .

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California apartment owners should have cheered the Tax Cut and Jobs Act (“TCJA”) provisions that doubled Estate and Gift Tax Exclusions beginning in 2018.  For many apartment owners, these provisions increased the Exclusion to $11.58 million for a single person, and $23.26 million for a married couple in 2020.   Unfortunately, the doubling was only temporary, […]

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DID YOU KNOW- By Dennis Block

Posted on 01. Mar, 2020 by .

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New Requirements under Statewide Rent Control As you might be aware, certain residential income property is exempt under AB 1482. This includes properties which received a Certificate of Occupancy within the last 15 years. In addition, Single Family Residences, Townhomes and Condominiums are exempt unless title is held in a corporation or a real estate […]

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Man Who Threatened to Kill His Landlords Sentenced to 40 Years- By The Editors of Rental Housing Journal

Posted on 01. Mar, 2020 by .

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A Beaverton, Oregon man who threatened to kill his landlords and used mercury to deter people from entering his apartment has been sentenced to 40 years in prison, a sentence “commensurate to the danger he posed to his neighbors in the community,” according to the U.S. Attorney for Oregon. Jason Paul Schaefer, 28, of Beaverton, […]

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The Best Landlording Advice Ever Received- By Jeffrey Taylor, “Mr. Landlord”

Posted on 01. Mar, 2020 by .

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Ten rental property owners share what they believe is the single best piece of landlording advice that they have ever received. Here are their school of hard knocks words of wisdom:

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SECTION 8 California Landlords Must Accept Section 8 Applicants!- By Kimball, Tirey and St. John, LLP

Posted on 01. Mar, 2020 by .

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Under SB 329 and SB 222, all landlords in California will be required to accept Section 8 and VASH vouchers and other forms of rental assistance and to consider them as part of an applicant’s income. Both went into effect on January 1, 2020.

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Los Angeles City Rent Stabilization – NEW LAWS AND UPDATES- By Patricia A. Harris

Posted on 01. Mar, 2020 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 fee which was due by February 29, 2020.  The city raised the fee per unit from 24.50 to 38.75 per unit for 2020. They have also changed how you […]

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