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Archive for July, 2017

Build Wealth Faster with Low Risk – Lucrative San Diego Apartment Investment Strategy – by Terry Moore, CCIM

Posted on 01. Jul, 2017 by .

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San Diego’s Unique Opportunity

In Dallas and other western U.S. cities, 40 year-old multifamily structures are typically demolished and replaced by new construction. San Diego’s zoning and slow growth policies have combined to restrict apartment construction for at least the next 30 years. In addition, San Diego has down-zoned most of its apartment parcels; a nine-unit building in North Park will not be demolished because only a five-unit building would be permitted to take its place.  San Diego demands more parking and results in fewer apartments allowable.  Roughly 75% of San Diego County’s apartment parcels were built prior to 1980 (see graph).  [...]

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The Landlord Mindset – Where Do You Fit? – by Bill Biko

Posted on 01. Jul, 2017 by .

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I’ve talked to many landlords over the years and we all have our individual reasons for becoming landlords. I’d like to think these are due to our landlord mindset and that mindset may not always involve a straight path. [...]

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Why Taxes Continue to Go Up and Up – by Jon Coupal and Vince Fong

Posted on 01. Jul, 2017 by .

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Before the ink on the governor’s signature has dried on the largest gas tax increase in California history, Sacramento Democrats are fully intending to break their promise to dedicate the new revenue to fixing our crumbling roads. In the upcoming budget, there is a proposal to divert 30 percent of this gas tax increase to items and programs completely unrelated to repairing our roads and highways, such as park maintenance and job training for felons. [...]

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ANOTHER LANDLORD VICTORY! Lawsuit Forces City of Highland to End Warrantless Snooping on Rentals – by the Pacific Legal Foundation

Posted on 01. Jul, 2017 by .

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HIGHLAND, CA; May 30, 2017: Prodded by a Pacific Legal Foundation (PLF) lawsuit, the City of Highland has rescinded its unconstitutional scheme that attempted to coerce landlords and tenants into allowing government to inspect their rental homes without a warrant. [...]

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San Jose’s Tenant Protection Ordinance Requires “Just Cause” Terminations – by AOA

Posted on 01. Jul, 2017 by .

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On May 9, 2017, the San Jose City Council adopted the Tenant Protection Ordinance. Additionally, the City Council adopted an Urgency Ordinance making the new regulations effective immediately.

The Tenant Protection Ordinance outlines landlord responsibilities and tenant rights regarding notices to terminate.  Under the Tenant Protection Ordinance, landlords of multifamily dwellings, guesthouses and unpermitted units will only be authorized to terminate tenancy under one of the following 12 listed causes: [...]

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3 Steps to Positive Cash Flow: A Manager’s Perspective – by Janet Sprissler

Posted on 01. Jul, 2017 by .

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You don’t have to be crazy to work here: we’ll train you!  That is on the front page of the manager’s handbook … if there was one!  I’ve been a Property Manager for what seems like a million years.  Here’s what my training track looked like:  I got a call on a Tuesday afternoon in 1990-something, “Hey, I have a building I need managed. So-and-so thought you would be a good fit.  Free rent, utilities included!” I thought I had won the golden ticket.  I moved into my Beverly Hills “adjacent” studio in a 24-unit building that was under-market and under a pile of deadly construction on the roof! It was beautiful.

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Jul, 2017 by .

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Q: I hired a property management company to take over managing my properties. What do I need to do to let my tenants know that I will not be managing my properties anymore? [...]

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Something to Think About #58 – Uncle Sally’s Nephew, Part 21 – by Klarise Yahya

Posted on 01. Jul, 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 20:  She wrote down the call-back numbers on the handful of For Rent signs she saw. Then she pulled into a Trader Joe’s and stood in the longest line she could find, holding a small plastic jar of peanut butter cups. Lots of good conversations start over peanut butter cups. All you have to do is to turn around, show the label to the woman behind you and ask, “Have you tried these?” That almost always gets the ball rolling. If it doesn’t, just give her a cold look so she knows you are nobody to trifle with, then go to another line and try again. Your goal is to first start a conversation of any sort then to move it towards finding out why her family moved to the area and how long she’s been there. [...]

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Immigration Impeded Under Clinton, Obama and Trump Administrations – by Ted Hilton

Posted on 01. Jul, 2017 by .

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The following is a ground-breaking article published in the San Diego Union Tribune, January 22, 2017, “Restricting Law Enforcement Risks Public Safety” by Ted Hilton.  You are reading now what was read by tens of thousands, and which is being distributed to the Trump leaders in Washington, D.C.  The research was very extensive to discover these facts which the media is hiding from the public. [...]

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Tenant Awarded $450,000 for Bed Bug Bites! – by Patricia A. Harris

Posted on 01. Jul, 2017 by .

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Here’s the story.  A tenant in Pacoima, CA complained of bed bugs numerous times to his management company, who for several months, refused to provide pest control. When the landlord did nothing to eradicate the pests, the tenant called the Housing Department, who confirmed the bed bug infestation.  Within those few untreated months, the tenant endured 500 to 1,000 bites and suffered both physical and emotional distress. [...]

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