Archive for January, 2015
Apartment Owners Object to LA Council’s Retrofitting Plan
Posted on 23. Jan, 2015 by AOA of California, INC..
Dan Faller is the President and Founder of the Apartment Owners Association of California. He reacts to this week ‘s discussion by the Los Angeles City Council to mandate retrofitting hundreds of buildings in order to survive a major quake. Faller explains his members objections to NBC4′s Conan Nolan [...]
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LA Housing Department Caught On Video With Their Pants Down – By Bill Hooey
Posted on 23. Jan, 2015 by AOA of California, INC..
Okay everyone, we got them on video. It is about to go wild…
There is a local landlord who became tired of the LAHD harassing him for the last ten years so he went to court and won. The LAHD was furious that they were beaten in court so they went before another judge and convinced him to sign an administrative warrant so they could force their way into all the apartment in all of his buildings. [...]
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City Legalizes Short-Term Rentals on a Limited Basis – By Gideon Kramer, SPOSFI News Editor
Posted on 01. Jan, 2015 by AOA of California, INC..
In October, the Board of Supervisors, by a veto-proof 9-2 margin, passed Board President and Supervisor David Chiu’s short-term rental legislation (aka “The Airbnb Law”.) As expected, Mayor Lee signed the bill into law. It takes effect in February 2015. [...]
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23 Landlord New Year’s Resolutions – by Patricia A. Harris
Posted on 01. Jan, 2015 by AOA of California, INC..
AOA Consultants get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble. Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success! [...]
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Why Landlords Fail: 10 Fatal Mistakes (And How to Avoid Them) – By: Cynthia Hale, Esq
Posted on 01. Jan, 2015 by AOA of California, INC..
I recently bought a little apartment complex up on Capital Hill. While shopping for the right units to buy, I had the opportunity to walk through a good number of units in the SaltLake valley. So as an investor, I got a recent first-hand look at some fatal landlord mistakes that may be costing you money. [...]
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Start Your New Year by Routinely Adhering to These Essential Landlord Tips – By Jeffrey Taylor, “Mr. Landlord”
Posted on 01. Jan, 2015 by AOA of California, INC..
- Treat landlording as a business. Develop a system and a set of written procedures for all steps in your rental process. [...]
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Secular Stagnation Is a Cover-Up – Provided by Gary D. Halbert
Posted on 01. Jan, 2015 by AOA of California, INC..
John F. Kennedy campaigned for president in 1960 by belittling Dwight Eisenhower’s three recessions and declaring, “We can do bettah.” He was right. In the 1960s, after the Kennedy tax cuts were implemented, prosperity returned, the economy grew by almost four percent [...]
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Something to Think About # 28 – Using the 10 Year Treasury note (TNX) to Time Purchases – By Klarise Yahya, Commercial Loan Broker, BRE: 00957107 MLO: 249261
Posted on 01. Jan, 2015 by AOA of California, INC..
Underpriced
When we talk about underpriced units, we are not hoping to somehow buy a $1,500,000 building for $1,350,000. Buildings like that are hard to find, but even if found don’t really make too much difference over the long term. Over a 30 or 40 year investment career, a ten percent discount on the original market price becomes simply a rounding error. [...]
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Legal Q & A New Laws for 2015 – by Franco Simone, Esq.
Posted on 01. Jan, 2015 by AOA of California, INC..
Q: My tenant prefers to communicate via email. He is moving out in a month and would like for me to email him the security deposit itemization directly. Am I allowed to send him the itemization by email? [...]
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Legal Q & A by Richard Beckman, Attorney
Posted on 01. Jan, 2015 by AOA of California, INC..
Question 1: Are there any new laws taking effect in 2015 affecting landlord-tenant issues? [...]
