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Archive for October, 2018

Management Tips From MRLANDLORD.COM by- Jeff Taylor

Posted on 01. Oct, 2018 by .

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 A landlord started a discussion on our rental owners’ forum asking landlords to share their favorite statements which rental applicants make that will instantly cause the landlord to consider not renting to them. One landlord admits that the reason they want to actually meet the applicants in person during the showing is because they are able to find out a LOT about people during the viewing. You never find this stuff out by just credit and criminal checks.  Below are a dozen of the favorite applicant disqualifiers shared by landlords.  [...]

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Press Release from a California Senator: Rent Relief for Californians – by Kamala D. Harris

Posted on 01. Oct, 2018 by .

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With the cost of housing continuing to rise in California and across the country, Senator Harris recently introduced legislation that would provide rent relief for Americans struggling to make ends meet.
The Rent Relief Act would create a new, refundable tax credit to put more money in the pockets of families at a time when renters’ wages have remained stagnant and housing costs have increased
rapidly. [...]

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Did You Know- by Dennis Block

Posted on 01. Oct, 2018 by .

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No Good Deed Goes Unpunished 

If you allow a guest to stay on your property for 30 days, your guest will gain possessory rights to your property. This is true even though no rent was charged. The police will not assist you in forcing this guest to move. In addition, it would be considered a wrongful eviction if you merely just changed the locks and moved the personal property of your guest outside. In this situation, you are forced to serve a 30 day notice to quit and proceed with an unlawful detainer action.

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How to Get Two or Three Times More Rent and Much Better Tenants Without Section 8 by – Nick Sidoti, R.A.M.

Posted on 01. Oct, 2018 by .

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You have heard it all before.  Some of us have even said it ourselves – “Being a landlord can be a pain.”  Most people in this country will agree that it makes a lot of sense to buy property and invest in real estate.  We also know all the benefits of investing in real estate.  You probably have heard that real estate is the “IDEAL” investment. [...]

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Legal Q & A by – Franco Simone, Esq.

Posted on 01. Oct, 2018 by .

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Q: What can I do if my tenant still owes me money after I applied the security deposit to the outstanding balance for unpaid rent and necessary costs to clean and repair the rental unit?

A: First, you will need to fill out a security deposit itemization for back rent, cleaning costs, and damage beyond normal wear and tear. Deduct the security deposit from the amount owed, and then request the tenant pay you the remaining sum due. You are required to mail the itemization and receipts for materials and labor within 21 days of the tenant vacating. Second, if the tenant fails to pay for the balance not covered by the security deposit, then you may file an action against the tenant to recover the outstanding sum. You will need to know where the tenant lives or works to serve him or her with the lawsuit. [...]

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8 Reasons Quarters are Bad for Your Laundry Business by – George Melcer

Posted on 01. Oct, 2018 by .

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There are times when old technology is costly, more costly than upgrading. Continuing to accept quarters instead of upgrading to a digital payment system is definitely one of those things. Quarters in the laundry business have been standard for decades. The devices on the machines are relatively inexpensive and easy to extract the money from. Nonetheless, there’s a newer, faster way of doing things. [...]

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Attention Landlords! How to Write-Off Practically Anything by – Karla Dennis

Posted on 01. Oct, 2018 by .

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When it comes to tax deductions, there are a few schools of thoughts. There are the people who want to write off everything, whether it’s legal or not, and figure the cost of an IRS audit won’t be that bad. Or else they think they can’t ever get caught. They are invisible, or so they think. That’s group number one. [...]

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When is it Time for a “Buy and Hold” Investor to Sell? by – Larry Arth

Posted on 01. Oct, 2018 by .

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 The past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately, were comforted in knowing their investments have gained a substantial increase in value as the market conditions improved. [...]

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The Real Question is – What Are YOU Doing to Help Defeat Prop 10?

Posted on 01. Oct, 2018 by .

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Below is AOA’s response to a recent FaceBook Post: “Too bad AOA isn’t actually contributing financially to any of our legislative fights ever!!! I would love to see that they did.”

  YOU are the Association, and we encourage you and all of our members to get involved! [...]

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This Year, Nothing is More Important Than Defeating Prop. 10! by – Noni Richen, SPOSF/SPOSFI President

Posted on 01. Oct, 2018 by .

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Orchard Supply Hardware has announced that it’s going out of business due to low sales. [...]

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