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Archive for June, 2017

Housing Providers Will Be Paying 100% More!!!

Posted on 27. Jun, 2017 by .

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Some Housing Providers Will Be Paying 100% More!!! 

     Shame on You, Los Angeles City Council!  Do you know that some housing providers have already received notices from their new City appointed trash haulers that their rates will be increased by at least 100%?!  You should know it – you passed this outrageous law!  You even promised us that the rates would be lower.  I guess you conveniently forgot to control trash rates like you control rents.  Could contributions from the haulers and Unions have something to do with it? [...]

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3 Important Things Rental Property Owners Need to Know About Workers’ Compensation

Posted on 07. Jun, 2017 by .

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Rental Property Owners today face many risks and exposures and they are not aware of what they are covered for.  Many are not covered for what they should be and that accounts for millions of dollars in uninsured claims each and every year.  This is why it’s so important for rental owners to have a broker that specializes in their industry and understands your unique needs. Someone who has experience with all the exposures and necessary coverage to be able to advise you thoroughly.  Here are three important topics that we have helped some of our clients deal with in the past few months that could be devastating to any rental owner should they go overlooked.
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No Bubble in Real Estate – Not Even in Los Angeles – by Dr. Steve Sjuggerud

Posted on 01. Jun, 2017 by .

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A version of this article by Dr. Steve Sjuggerud first appeared on March 24th in the Daily Wealth Premium, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com.

“Everyone here says Los Angeles is in a housing bubble,” my friend in L.A. said to me this week.  Is it true?  Is American real estate in a housing bubble again, just like it was in 2006?
The short answer is no – not at all. [...]

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Can Trump’s Economic Plan Jump-Start GDP Growth? – by Gary D. Halbert

Posted on 01. Jun, 2017 by .

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President Trump’s Economic Plan to Reach 3-4% GDP Growth

I get the impression that many (if not most) Americans don’t understand what Donald Trump’s economic plan is. That’s understandable since Mr. Trump said many different things about his economic plan during the campaign.

The questions that we as investors need to answer are three-fold: 1) What is Trump’s economic plan; 2) Can it get us to 3-4% GDP growth; and 3) Will Congress cooperate and pass the laws (tax cuts, etc.) needed to implement the plan?  I’ll try to sort it out for you today. [...]

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7 Facts That Can Boost Your ROI – by Teresa Billingsley

Posted on 01. Jun, 2017 by .

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If I was in a room of landlords and I was to ask, “What are the issues you’re having with tenants?” I would hear a number of responses, including:

  • “Tenants don’t pay on time.”
  • “Tenants don’t take care of my property.”
  • “Tenants are all nightmares to deal with.”
  • “Tenants are always suing and trying to get something for nothing.”

In a room of tenants I would hear, among other things:

  • “Landlords are crooks.”
  • “Landlords don’t maintain the property.”
  • “Landlords invade my privacy.”
  • “Landlords cheat me out of my security deposit.” [...]

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Something to Think About #57 – Uncle Sally’s Nephew, Part 20 – by Klarise Yahya

Posted on 01. Jun, 2017 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 19:  It turned out that the zoning in most, but not all, of the area accommodated two or three units per 5,000 sq. ft. lot. He explained to her that while the zoning affected a general area, each lot had a specific “use code” revealing what was approved for that individual lot. For example, a Use Code of 100 might mean a SFR but Use Code 101 would indicate a SFR with a permitted pool. If Emily bought a lot with a SFR on it, she could apply to change the use code. She would need to do it while her plans were checked and permits issued. Emily hadn’t known any of that, but mentally filed the information away for the future. [...]

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Legal Q & A: The Importance of the Move-In and Move-Out Inspections – by Franco Simone, Esq.

Posted on 01. Jun, 2017 by .

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In our previous article regarding emotional support animals published in April 2017, we inadvertently used the term “service dog” when we should have used the term “emotional support animal”. Under federal law “service dog” has a specific legal definition. We did not intend the article to be about service dogs.  We regret this error in our publication.   

Q: I just remodeled my unit and everything is new. I am going to rent it out this month.  Do I still have to do a move-in inspection with my new tenant? [...]

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Top 6 Mistakes in Hiring a Leasing Specialist – by Leah Brewer, NALP, CAM – “The Leasing Queen”

Posted on 01. Jun, 2017 by .

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1.     Hasty “Fill the Chair” Decisions
When you’re short-staffed, it’s tempting to hire quickly rather than thoughtfully.  Don’t accept average; fight for superior.  The financial value of a great salesperson is in the rental income produced and retained.  Hiring the wrong person can cost dearly. [...]

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Management Tips From MRLANDLORD.COM – by Jeff Taylor, Mr. Landlord

Posted on 01. Jun, 2017 by .

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9 Tips When You Visit Your Rental

A landlord is about to make their first interior visit to their rental property with this set of renters. This same landlord wanted to know, what should be the goal of the visit? Is the goal just to do a visual check that nothing is falling apart, to verify that there are no unauthorized animals, a meth lab, or anything else that should not be there? [...]

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Following HUD Guidelines on Criminal Background Checks Can Be Problematic – by Deborah Lopez

Posted on 01. Jun, 2017 by .

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Screening tenants is a vital part of the job of a landlord or property manager.  While most of the criteria – credit score, income, employment – by which prospective tenants are screened, are straightforward to evaluate, one in particular is not – criminal background. [...]

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