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Archive for October, 2017

Fed Wants to Raise Rates, But Economy is Questionable – by Gary D. Halbert

Posted on 01. Oct, 2017 by .

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The Fed Open Market Committee (FOMC) which sets monetary policy met on July 25-26. As expected, the Committee made no monetary policy changes and left the Fed Funds rate unchanged at 1.0-1.25%. The policy statement which followed the late July meeting reflected the fact that inflation continues to run well below the Fed’s target rate of 2%. [...]

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Legal Q & A – by Franco Simone, Esq.

Posted on 01. Oct, 2017 by .

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Q:  My tenant is two months behind on his rent He told me if I try to evict him he will file bankruptcy to stop the eviction. Can he do that? [...]

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What’s in Store for California Real Estate? – by Bruce Norris

Posted on 01. Oct, 2017 by .

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California’s median price rose to $550,200 in May. That represented a year-over-year gain of 5.8%. It’s common for prices in the summer to be the highest price reached for the year.

At $550,000, California is now only $44,000 off its peak price in May 2007 of $594,530. In our report, “2% Interest Rates, $40 Trillion in Debt and Other Surprise Endings,” it was my prediction that $550,000 would be the peak price reached for this cycle in California for 2017. [...]

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Letter to the Editor…Clean the Housing Department Swamp!

Posted on 01. Oct, 2017 by .

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The following letter was sent to the Mayor and City Council Members of San Jose. 

Ladies and Gentlemen:

I lived for 28 years under the communist dictatorship in Eastern Europe!

I see the signs and the threats of communism in the housing department policies! Please stop them before it will be too late!

We do not want socialism or communism, with its ugly face, to take over our country, our  property rights and the free market economy in our capitalist United States of America!

Socialism has no place in USA!

Clean the Housing Department swamp!

Get rid of the leadership of the housing department, who have shamelessly, high salaries and try to bankrupt and destroy the hard working small business owners of rental properties in San Jose!

Our property rights are guaranteed by the constitution!

The Housing Department has no right guaranteed by the constitution except the greed and wish to hold  their positions forever functioning on the principle “divide and conquer”.

 

Sincerely,

Paul Goreniuc
MA, MFA , General Contractor
Property Owner and Taxpayer

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It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!

Posted on 01. Oct, 2017 by .

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It’s Here!  The FREE “Million Dollar” Trade Show and Landlording Conference!
Thursday, October 19th at the Los Angeles Convention Center – West Hall A

Mark your calendars for Thursday, October 19th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Los Angeles. You will meet just about every contractor and vendor you will ever need… it’s called the Million Dollar Event of the year. Come and help us celebrate and who knows, you may even go home with a new iPad, Apple Watch or a 5-day cruise certificate* for two! All of this and more being given away throughout the day. [...]

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Eight Landlord Privileges – by Teresa Billingsley

Posted on 01. Oct, 2017 by .

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As rental property owners and managers, you have been afforded certain business liberties that you make the unfortunate mistake of not taking advantage of or enforcing. With so many entities targeting your pockets, you must be more diligent in enforcing the choices you still have and use them to your advantage. Below are eight choices you have that are frequently abdicated for one reason or another. Also, listed are a few reasons why you should not surrender these privileges. [...]

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Fair Housing from A to Z – by Nadeen Green

Posted on 01. Oct, 2017 by .

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We are taking the alphabet, letter by letter, so perhaps you can do things a little bit better to make your community open to all, and not take an unexpected fair housing fall! And, because Fair Housing covers a lot, we’ve created a resource to print out on the spot! [...]

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How to Deal with Angry Occupants –by Dakota Thornton

Posted on 01. Oct, 2017 by .

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As a property manager, you receive more than your daily dose of drama. Much of it happens as a result of spontaneous combustion from angry occupants. Here are some ways to diffuse the situation, often ahead of time, and to keep things running smoothly.

We’ve all heard the old adage, “you can’t please all the people all the time.” That’s especially true for property managers when it comes to angry occupants. No matter how hard you work and try to provide a pleasant, safe, livable environment, issues will and do arise. The ultimate difference between the reality of the job and the nightmare of a bad experience: the occupant’s attitude, especially if they are angry — as well as your reaction to that attitude.

Being sensitive to occupants’ anger before the issue escalates may turn the heat down instead of up. Here are some of the four most common occupant complaints (but, as you surely know, there are many others): Note: These tips can be applied by both commercial and multifamily property managers alike. Because of this, we wanted to use an all-encompassing term for tenants/residents, so we refer to them as occupants within this article. [...]

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Multifamily Market Will Hit Records in 2017 as Investors Return – by The Editors of the Rental Housing Journal

Posted on 01. Oct, 2017 by .

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West Coast markets will dominate the top 10 on gross income growth in 2017 for the multifamily market, led by Seattle, Sacramento, Tacoma, Portland and Colorado Springs, according to the Freddie Mac Multifamily Research Group’s mid-year outlook.

Outlook authors Steve Guggenmos and Sara Hoffmann find that the multifamily market will continue to grow for the rest of 2017 and into 2018. [...]

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What Citizen Taxpayers Should Know About the California Budget – by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Oct, 2017 by .

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California voters are pretty good at figuring out what is going in the state capital when it hits them directly. For example, recent polling shows that citizen awareness of the $5.2 billion annual gas and car tax is very high and, incidentally, very negative.

But the same can’t be said when it comes to the more complicated and arcane actions of our state politicians such as the annual California state budget process. While Californians are painfully aware that taxes are very high (they’ve been watching their friends and neighbors moving out of state at record pace) they typically have little comprehension of where their tax dollars go. That’s not surprising since California ranks dead last in budget transparency according to a recent study by U.S. News & World Report. [...]

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