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Roles and Responsibilities of Section 8 Landlords and Tenants – by Kristin Maithonis

Posted on 01. Aug, 2018 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 evict or physically remove the tenant for him.

Over the course of my career working with the Section 8 program (Housing Choice Voucher Program), I have learned that landlords who take the time to understand everyone’s roles and responsibilities are more likely to be satisfied as our most important business partners. [...]

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Protect Your Family from Hazardous Estate Planning! – by Kenneth Ziskin, Attorney

Posted on 01. Aug, 2018 by .

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My wife, Hinda and I, have a mission – to protect the families of apartment owners from “HAZARDOUS” estate planning.  Through our seminars for AOA members, we have had the pleasure to meet with, and review the estate plans of, hundreds of wonderful apartment owners.

The “good news” has been how many of them planned ahead years ago and built living trust based estate plans to protect their families. But the “bad news” was that almost all of these old estate plans had major flaws that made them hazardous to family wealth and well being. How did this happen?   [...]

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Delaware Statutory Trust 1031 Exchange Advantages – by Dwight Kay

Posted on 01. Aug, 2018 by .

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Delaware Statutory Trusts (DSTs) offer a number of potential advantages to investors. Used correctly, they can be an effective tool for building and preserving wealth. This article discusses a handful of the potential advantages that are available to investors using DSTs for their 1031 exchange. Please remember that Delaware Statutory Trusts also have a number of disadvantages that investors should consider as well. [...]

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Preserving Costa-Hawkins – The Big Battle Begins – by Noni Richen

Posted on 01. Aug, 2018 by .

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We have a new mayor; let the resurrection of our beautiful city begin! We desperately need for the people living on public streets to be elsewhere. We need for the price of rentals and home purchases to stabilize. Fulfilling these two goals will be the toughest of jobs, requiring our army of people at City Hall to turn away from feel-good projects like banning fur sales and plastic straws. [...]

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Something to Think About #71 – by Klarise Yahya

Posted on 01. Aug, 2018 by .

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If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com.

Continued from Part 70Diversification

Emily, after reviewing once again the positives and negatives of property ownership, thought there was no question about it: the benefits heavily outweighed the risks . . . until the property was confiscated or devastated. Fortunately, the stock market had a partial solution: diversification.

[...]

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Letters to the Editor… The Evils of Rent Control and “Just Cause” Evictions

Posted on 01. Aug, 2018 by .

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The below open letter was sent to Mayor Garcetti and City Council members.

OPPOSE Ballot Measure Affordable Housing Act!

 Dear Friends:

I believe there’s a great deal of misinformation pertaining to our Rent Stabilization Ordinance (FSO) and the impact of the repeal of the 1995 Costa-Hawkins Fair Housing Act.  We should all meet.

Let’s start at the beginning. Los Angeles, unlike other rent control jurisdictions, has a more progressive and liberal approach to rental housing. Los Angeles has many “features” which promote and encourage the development and investment in rental income housing.  [...]

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Inspectors Given Authority to Arrest Landlords? Open Letter to Mayor Garcetti – by Michael Millman, Attorney

Posted on 01. Aug, 2018 by .

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Dear Mayor Garcetti:

 I’m certain that when you served on the City Council and chaired the Council Housing Committee, you always made certain that important housing legislation was thoroughly examined, reviewed and evaluated by not only tenant rights representatives, but also several apartment association staff and leaders.  Your outreach was outstanding. [...]

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Beware: Is Housing Considered a Human Right? – by Clifford A. Hockley, President of Bluestone and Hockley

Posted on 01. Aug, 2018 by .

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[AOA:  Do you think your city is going to be any different in the future than what the city below is proposing?  Folks, this is the future that the renters and politicians have envisioned for you and me and their first step is Prop. 10!  Then, their next step will be statewide “tenant welfare” (rent control).  Total control of your property!  Please read on.]

In early May 2018, the City of Portland introduced a rent control concept to limit annual rent increases for tenants to 5%. In addition, Commissioner Eudaly and the Rental Services Commission are testing out new approaches in application screening.  Both concepts will dramatically affect the cost structure for a landlord inPortland.

The basic objective of these two policies is to make it easier for low income tenants to afford rental housing in the City ofPortland.   Unfortunately, there are major misconceptions regarding the ability of local landlords to absorb these costs. [...]

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Management Tips from MRLANDLORD.COM (Shared by Landlords Nationwide)

Posted on 01. Aug, 2018 by .

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Do You Keep Up with Market Rents?

According to a Rent.com survey, as many as 80% of property managers across the U.S. over the last couple of years have raised rents. Have you raised rents this year? Mom and Pop landlords often mistakenly charge lower than market rent. When I mentioned this on MrLandlord’s Facebook page, a landlord responded: “I’d rather be slightly lower than market than have a vacancy.  Making up for a month of lost rent takes a long time even if you’re getting more rent monthly.”  [...]

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Landlord Prevails in “First in Time” Seattle Ordinance! – by the Pacific Legal Foundation

Posted on 01. Aug, 2018 by .

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In a noble but misguided effort to combat racial discrimination, the City of Seattle passed a series of ordinances forbidding local landlords from choosing their own tenants:

  • A “first in time” ordinance requires landlords to rent to the first financially-qualified tenant who applies.
  • And the “Fair Chance Housing Ordinance” forbids landlords from considering applicants’ criminal histories.

Pacific Legal Foundation (PLF) represents several small-scale landlords who are denied their constitutionally-guaranteed choice to decide who to allow on their private property. [...]

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