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Archive for November, 2017

Unexpectedly, One of the Nation’s Fastest-Growing Financing Types is Changing the Game for Seismic Retrofits in California – by E.Brandon Alini

Posted on 01. Nov, 2017 by .

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Property owners faced with the burdensome cost having to complete seismic retrofits in California are turning to a new type of financing called Property Assessed Clean Energy (PACE) as a solution. One of the newest and fasted growing types of financing in the country, PACE has carried the growing trend of renewable energy and environmental sustainability to the real estate market by helping owners make energy efficient and renewable energy improvements more affordable. Since the first PACE transaction in 2008, more than $4 billion dollars worth of projects have been financed through PACE programs to both residential and commercial properties. […]

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A Whopping 130 Housing Bills Make for a Very Busy 2017

Posted on 01. Nov, 2017 by .

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from Small Property Owners of San Francisco 

State legislators are sponsoring a record setting 130 housing-related bills during this legislative session. Below are the most important.  […]

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Top 3 Biggest Stressors for Property Owners and Managers in 2017 – by John Triplett

Posted on 01. Nov, 2017 by .

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In a new survey of 700 rental property owners across the country, maintenance, repairs and replacement continues to be the biggest stressor overall for property owners and managers, according to Buildium.com.  Overall 61% of respondents reported maintenance and repairs as stressful, compared to 62% last year, according to the survey.

“It is clear property owners are struggling with both maintenance and tenant management,” Darcy Jacobsen, content manager at Buildium.com said during the webinar about the property owners perspective survey. “If you are an owner and you are struggling with these issues you are not alone. […]

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Is “Socialized” Security Really Safe? – by Porter Stansberry

Posted on 01. Nov, 2017 by .

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A version of this article first appeared on November 10, 2016 in The Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com. 

Transfer payments which many wrongly understand as “insurance” are known as mandatory spending.  The Pentagon and other government efforts (like building roads) are known as discretionary spending.  We used those terms accurately. […]

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STOP THE TRASH MONOPOLY!

Posted on 01. Nov, 2017 by .

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Open Letters to Mayor Garcetti and L.A. City Council Members 

Dear Mr. Mayor:

I have enclosed an article from the AOA magazine for you to read if you haven’t already.  The position of this organization is my position and I am in concert with their requests of you.

I feel that the city has unilaterally taken away our rights as business owners, with no recourse, to hire trash service companies that meet our individual needs.  This new arrangement smacks of collusion between local government and trash service providers to monopolize this industry in L.A. and control pricing.  This trash fiasco is an egregious act of corruption, extortion and blackmail.  Totally criminal! […]

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Fake News About Rent Control! – by Michael Millman, Attorney

Posted on 01. Nov, 2017 by .

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The below letter was sent to the Manager of KCET regarding a recent telecast on “City Rising”.

Dear Program Manager:

Thank you for your interesting program.  Unfortunately, you did not interview or discuss some of the problems, difficulties or challenges facing small, family apartment owners who handle and manage properties in Oakland, Santa Ana, Boyle Heights, Sylmar, Van Nuys or other areas. […]

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Legal Q & A – by Richard Beckman, Attorney

Posted on 01. Nov, 2017 by .

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Question 1:  We have a no-smoking clause in our apartment leases in Campbell. One tenant has smoked for years, and we have not enforced the clause. We have had discussions with him a number of times about his smoking, and asked him to not smoke on the premises. He continues to disregard the clause and our requests. We used the AOA rental agreement form, with clause 23 regarding NO WAIVER: Question, can we enforce this clause at this time? His smoking habits are impacting the rest of the building. Thank you. […]

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Service Dogs and Support Animals Updated: Here is What You Need to Know! – by Dale Alberstone, Esq.

Posted on 01. Nov, 2017 by .

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Hello everybody.  I frequently receive calls from AOA members expressing great frustration with tenants bringing dogs into their apartments claiming that their canines are exempt from the landlord’s “no pets” policy as the animals are service dogs.

Unfortunately for housing providers such as owners and management companies, true service dogs (and various types of comfort animals) are, in law, exempt from such a no-pet policy when they assist a tenant’s disability. Occasionally a disabled tenant will have a true service animal, such as a seeing eye dog. But the abuse by tenants falsely claiming a disability to justify “fake” service dogs or comfort animals, is rampant.  […]

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Something to Think About #62: Uncle Sally’s Nephew, Part 25 – by Klarise Yahya,

Posted on 01. Nov, 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 24:  Another way to deal with rising rates. The only value of income properties is their (net) income. Although this was not her motivation at the time, Emily offset part of an adverse change in interest rates by increasing the density of her properties. Typically, higher density means greater revenue. There may be a number of ways to increase density. Emily chose the following three: […]

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Legal Q and A by Dennis Block, Attorney

Posted on 01. Nov, 2017 by .

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Question One: I’m a member of the AOA and have a question about installing security cameras in my building.  I know that they can be installed at the front and back of the building, side walkways, common areas, parking lots and garages. I would never install them inside the units.  I have a duplex where both units share one entrance that leads to each of the apartment doors.  Can I install a camera inside this entrance way? […]

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