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Archive for April, 2017

7 Real Estate Investing Trends For 2017 – by Larry Arth

Posted on 01. Apr, 2017 by .

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The below article was written by Larry Arth, the founder and CEO of Equity Builders Group, a Florida based Real Estate investment Group. As a 36 year veteran to real estate investing, Larry understands that we are now in a global economy and as times have changed, investment strategies must change as well. Larry is an international recognized consultant and speaker and assists hundreds of investors per year, both foreign and domestic to realize their investment potential. He analyzes locations across the country for economic strength and the locations that yield the largest most sustainable return on investment. Within these locations he seeks out and gathers the best teams to deliver sound, high performing and most importantly sustainable turnkey investment. He works with investors to ride the wave of each area-specific market surge. Larry’s primary focus is offering (Non-Listed) safe and sustainable turnkey investments to the passive investor. [...]

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One of the Keys to Success is Resident Retention – by L. Paul Smith

Posted on 01. Apr, 2017 by .

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There is a universal truth in property management – turnover creates cost and work.  That’s not to say there aren’t costs and work at other times.  But it is true that when renters move out, our efforts and money are concentrated as we try to restore a revenue stream as soon as possible.

So seasoned landlords learn quickly an important lesson – if you can hang on to your tenants longer, you are likely to have less work and less cost.  Some experts say each turnover costs an average of $3,000 in turnover expenses – things like cleaning, carpet replacement, marketing, etc. – and vacancy cost (the time the place sits unrented times the daily rental amount).

So … what are the keys to retention?   [...]

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OPEN LETTERS SENT TO POLITICIANS Santa Monica Earthquake Retrofit and Oppose AB-1506 – by Michael Millman, Attorney

Posted on 01. Apr, 2017 by .

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RE:  Santa Monica Earthquake Retrofit

(To Senator Ben Allen)

Dear Scheduler:

The apartment industry has excellent lobbyists.  However, over the last several years or longer, there have been several instances of “injustices” or perhaps mere inadvertent oversights. [...]

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Why Apartments Build Wealth Safely: Two Laws Almost Guarantee Sustained Superior Apartment Returns – by Terry Moore,CCIM

Posted on 01. Apr, 2017 by .

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The earlier article mentioned the basic advantages that are common to all income properties: leverage, inflation protection, equity build up, cash flow, tax shelter, etc.

Laws of supply and demand severely limit risk and almost guarantee increased riches for rental owners. Supply and demand matter to renters and are far more impactful for investors. First we’ll consider the renter perspective, then the investor side. [...]

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You Could Be Co-Liable If Your Tenant’s Dog Causes Someone Bodily Injury – by Gideon Kramer

Posted on 01. Apr, 2017 by .

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There are good reasons why most [small property owners] don’t rent to tenants with dogs. Dogs may bark and pose a nuisance to other tenants in the building; they may even be destructive to the unit or common areas. But perhaps the key reason they tend to say “no” to dogs, especially large ones, is liability – fear that the dog may behave unpredictably and end up biting someone. In a city with very few vacancies and often multiple applicants without dogs to choose from, it’s understandable that most small property owners opt for a NO DOGS policy. [...]

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How Food Stamps Subverted Democracy [Rent Control is Worse] – by James Bovard

Posted on 01. Apr, 2017 by .

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The federal government is now feeding more than 100 million Americans.  The vast increase in dependency fundamentally changes the relationship of Washington to the citizenry.  The more Americans rely on handouts, the more difficult it becomes to roll back politicians’ power over those who do not. [...]

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Can a Landlord Hold a Weekend Open House In a Tenant-Occupied Apartment? – by Dale Alberstone, Esq.

Posted on 01. Apr, 2017 by .

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Hello everybody.  My discussion this month addresses the issue of whether a landlord can hold weekend Open Houses in an apartment unit occupied by an existing tenant.

When a renter gives notice that he will be vacating his unit at the end of thirty (30) days, one of the first things that comes to the landlord’s mind is when and how he will be able to exhibit the tenement to new applicants. [...]

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Are You a Short-Sighted Tightwad?

Posted on 01. Apr, 2017 by .

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The quick answer is “yes”, you probably are.  I know only a few housing providers who do not qualify for that description of……….being a “tightwad”.

You see, when you started your economic life, you had to scrimp and save in order to have enough money to provide housing for yourself and others.  You skipped the trip to Europe that your friends were enjoying and you did not buy that new car that others spent all their money on to show off to their friends.  You know all the other sacrifices we made in order to become “housing providers” so I will not enumerate them at this time.

You formed the habit of sacrifice and saving.  Habits are hard to break whether they are good habits (like saving to provide housing for others) OR bad habits (which we will not mention).  Therefore, you became a “tightwad”.  A good one at that, but you probably did not intend for it to happen.  It just happens! [...]

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Open Letter in Opposition to AB 1506 – Repeal Costa-Hawkins!

Posted on 01. Apr, 2017 by .

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Below is an open letter sent to Representative Chiu, California Assemblyperson by Michael Millman, Attorney at Law.

Dear Sir:

You and I have met on several occasions.  You’re thoughtful, considerate and charming.  We’ve often discussed “eviction protocols” in your community.  It was a robust and thoughtful debate.  Thank you.

Now, you’ve attended many apartment association events.  So, I’d like you to consider the consequences of the repeal of Costa-Hawkins. [...]

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Sen. Hertzberg Targets Property Owners with Higher Water and Sewer Rates – by Jon Coupal

Posted on 01. Apr, 2017 by .

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It’s no secret that tax-and-spend interests have hated Proposition 13 since its adoption by the voters in 1978. Immediately after passage, Prop. 13 was the target of numerous lawsuits and legislative proposals seeking to create loopholes that would allow government to grab more tax dollars from California citizens. [...]

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