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Archive for September, 2020

Prop 21 Destroys Housing Vote “NO”!

Posted on 01. Sep, 2020 by .

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A version of the following was written by housing provider and attorney Michael Millman. In 2018, Michael Weinstein, President of the AIDS Health Care Foundation, promoted Proposition 10 to extreme rent control to approximately 540 cities throughout California.  It was defeated by almost 70% of the voters. Proposition 21, of course, is the “son” of […]

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Lawsuits Against Landlords Cost Owners Thousands! By- the Editors of the Rental Housing Journal

Posted on 01. Sep, 2020 by .

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Settlement agreements send a clear message to all property owners and landlords that HUD is committed to taking appropriate action when offenders act in behavior that violates the Fair Housing Act. Landlords to Pay Tenants to Settle Sexual Discrimination Complaint The owners and manager of a Bakersfield, California apartment complex have agreed to pay $14,500 […]

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L.A. Becomes N.Y. A Sad Tale of Rent Control Consequences By- an AOA Member

Posted on 01. Sep, 2020 by .

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The circumstances with rent control and other regulations remind me of the 1960s in New York City.   My grandfather owned some rent-controlled apartment buildings in New York.   As time went on, the cost of maintenance and taxes exceeded the rental income.  This was accelerated because the tenants would destroy plumbing fixtures to be able to […]

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Handling Maintenance Issues in a Pandemic By- Bradley S. Kraus

Posted on 01. Sep, 2020 by .

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By now, many of us are growing tired of the burdens that COVID-19 has placed upon us.  From job losses to restrictions on travel and other leisure activities, the coronavirus continues to shape our lives.  Worse yet, it does not appear to be going anywhere soon. Many of our elected officials have suspended several tenant […]

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Can This Crisis Get Much Worse? By- Gary D. Halbert

Posted on 01. Sep, 2020 by .

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These are indeed troubling times in our country. It began with the late March economic lockdown. It worsened in June with nightly protests in some of our largest cities over the tragic killing of a black man by police in Minneapolis. Sadly, the nightly protests have morphed into widespread riots, violence and looting by criminals, […]

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Prop. 13 Is Working -Reject Prop. 15! By-Jon Coupal and Ernest J Dronenburg Jr.

Posted on 01. Sep, 2020 by .

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Come November, Proposition 13 faces its biggest political battle at the ballot box. It is instructive to ask whether that iconic tax affordability measure remains good tax policy for California. As the just-released property tax assessments rolls from several California counties reveal, Proposition 13 is working exceedingly well at keeping homeowners and small business owners […]

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Why You Should use a Ratio Utility Billing System By-Jerry Bake

Posted on 01. Sep, 2020 by .

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For entities who wish to bill for water, sewer, gas, or electricity, submetering may not be an option due to construction restrictions or, a limited budget. As such, owners, and operators are left searching for alternatives in the absence of submetering. The most equitable alternative is to deploy a Ratio Utility Billing System, commonly referred […]

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New Estate Taxes Could Cost AOA Members Millions of Dollars By- Kenneth Ziskin

Posted on 01. Sep, 2020 by .

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Today, estate tax exemptions probably protect 99+% of American families from the risk of transfer taxes (death taxes, gift taxes and generation skipping taxes).   But, if there is a change of control after the 2020 election, or if control changes later, all of that will probably change dramatically for the worse for many thousands of […]

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Legal Q & A By-Dennis Block

Posted on 01. Sep, 2020 by .

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Question One:  We have a tenant whose parking space is blocking the trash bin. Since the 80’s, there hasn’t been a problem with trash being picked up until now. He intentionally parks his car so that trash doesn’t get picked up, in hopes of getting a different space. There are no available spaces at this […]

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Be a Real Estate Investor without the Hassles! By-Dieter Thurow

Posted on 01. Sep, 2020 by .

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Are California landlords losing control over their properties, rental income, and possibly future appreciation? It sure seems that way with the passage of new laws like statewide rent control and expanded tenant rights (AB 1482), mandatory Section 8 housing (SB 329), etc. What may have taken a lifetime to accumulate could now be threatened by […]

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Letters to the Editor …

Posted on 01. Sep, 2020 by .

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Dear Dan:   Hello – so far, I have only had one out of three tenants have a problem paying rent.  She is on a partial pay reduction, but she was unable to pay half of her April rent.  I have a one and one half month security deposit.  She is cooperative and her place is […]

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Refusing to Pay Rent: A Cause or an Agenda? By-Zach Kosturos

Posted on 01. Sep, 2020 by .

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There is a difference between a leader who fights for a cause for the betterment of their community and one who games the system in a hypocritical pursuit of their own agenda. In critical times such as these, we need more of the former and as few as possible of the latter. On May 1, […]

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DID YOU KNOW By-Dennis Block

Posted on 01. Sep, 2020 by .

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Access to the Premises Although Civil Code 1954 allows a landlord to access a unit for specified reasons, that access can be properly denied by a tenant during this pandemic. While a landlord can always enter the unit during an emergency, this is not the case for other reasons. For example, the tenant would be […]

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Lease Options: Elements and Pitfalls By-Dale Alberstone

Posted on 01. Sep, 2020 by .

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Hello everybody.  Let’s start with a multiple choice pop quiz about options:  Assume that a landlord gives his tenant an option to extend the term of their lease by five years provided that the tenant exercises the option in writing on or before Sunday, July 4, 2021, i.e., Independence Day next year. If the tenant […]

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Landlords Are Frustrated! The below letter was sent to the Daily Journal By- Attorney Michael Millman

Posted on 01. Sep, 2020 by .

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Dear Friends: Thank you for your articles.  Let’s start at the beginning.   The overwhelming, vast majority of apartment owners are small family-owned groups.  Yes, the true “mom and pop” owners.  Elena Popp, who has run the Eviction Network Service for 20 years or longer, was attempting to defend tenants and losing in those jurisdictions wherein […]

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Multiply Your Chances of Apartment Investing Success By-Terry Moore

Posted on 01. Sep, 2020 by .

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A smart friend presented at the Urban Land Institute (ULI) national gathering in January. He noted that we never know in advance what causes the next recession. He mentioned that if the Chinese virus were especially contagious, it could reach the U.S. and cause recession.  Another friend called me in early February. He pondered the […]

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It’s Not Us vs. Them By- David Crown

Posted on 01. Sep, 2020 by .

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In this time of uncertainty and struggle, amid danger and misinformation, the last thing we should do is assume the worst about each other. Crises like the current pandemic inevitably divide people to some extent (and this one divides us physically from one another), but when we rigidly refuse to give the benefit of the […]

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How to Manage Tenant Communication During COVID-19 By-Barbara Jackson

Posted on 01. Sep, 2020 by .

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With COVID-19 affecting every aspect of daily life, it’s important for tenants to know that their landlords, property managers, and real estate agents are keeping lines of communication open. Learn how housing professionals are using technology to manage tenant communication during COVID-19. Be Prepared Tenants are going to continue to have a lot of questions […]

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Fighting the California Judicial Council’s Eviction Ban By-Pacific Legal Foundation

Posted on 01. Sep, 2020 by .

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Eviction is a critical tool for landlords to manage their property by removing tenants who refuse to pay rent or create nuisances and safety hazards.  The process allows landlords to remove tenants who deliberately withhold rent or damage property, so that they can aid tenants experiencing hardship and offer housing to good renters – a […]

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Something to Think About #96: Information, Not Advice Part 16 It’ll Happen … Don’t Know When By- Klarise Yahya

Posted on 01. Sep, 2020 by .

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Background:  Ultimately, if one looks deeply enough, the market value of an investment is a function of interest rates. Market value is a specific term, and neither price nor cost is a complete synonym. How often does someone buy a new car at full MSRP? And, technically, cost is what you buy something for minus […]

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Fake Pay Stubs Available for $8.99! By- Patricia A. Harris

Posted on 01. Sep, 2020 by .

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By simply searching the Internet, one can find a variety of websites selling fake pay stub templates.  All the purchaser has to do is download the template and simply “fill in the blanks” entering in any information they desire. Some sites even offer a choice of different template styles and colors along with options to […]

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Legal Q & A By: Franco Simone

Posted on 01. Sep, 2020 by .

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Definitions Used in This Article: Assistance animal is a term used to describe both 1) a service animal and 2) a support animal also known as an emotional support animal. Service animal is defined by the American Disability Association (ADA) as “any dog that is individually trained to do work or perform tasks for the […]

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How the Strain from the Pandemic Has Impacted Our Property Management Business By-Ron Garcia

Posted on 01. Sep, 2020 by .

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I want to give you an update on the status of Covid-19 housing policies. However, I want to be candid and tell you that I wish I had more to say than I do – or at least something better to say than I do. But here goes… Currently, we are into the third month […]

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Legal Q & A By-Richard Beckman

Posted on 01. Sep, 2020 by .

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Question 1: I have a tenant in a Lake County single family residence who is not paying rent. Moreover, the County has posted a notice of abatement citing accumulated household trash and other issues that are causing a health and safety issue. The abatement orders were issued 7/28/20.  My understanding of the COVID-19 moratorium is […]

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The Power of Virtual Staging to Make More Money Faster By-Mercedes Shaffer

Posted on 01. Sep, 2020 by .

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The process of buying and selling multi-unit income producing properties is a bit mysterious and risker compared to single family residential properties.  If you could remove some of the risk so that you increase the probability that the sale will close, and at the same time increase the amount of money you can sell or […]

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