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Archive for February, 2019

Glendale City Council to Vote on “Right to Lease” Ordinance

Posted on 11. Feb, 2019 by .

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Glendale Landlords – there will be a City Council Meeting on Tuesday, February 12th at 6pm to vote on a “Right to Lease” ordinance – aka “Rent Control”.  Alexanian Apartment Advisors published an article  and stated five key points they observed at the previous meeting: [...]

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Criminals Want Housing in Your Apartment Community By- Chris McGoey

Posted on 01. Feb, 2019 by .

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Rental housing crime studies have repeatedly shown that moderate to high-crime problems can usually be traced back to a small percentage of residents. Those causing the crime problems are often the acquaintances, ex-spouses, or boyfriends of a legal resident who decided to move in without your permission. [...]

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What Is Source of Income Discrimination? By – Project Sentinel

Posted on 01. Feb, 2019 by .

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California law prohibits discrimination based on source of income. Source of income is defined as legal, verifiable income paid directly to the tenant or his or her representative (such as a payee). Some examples of income types are: [...]

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Legal Q & A By – Franco Simone, Esq.

Posted on 01. Feb, 2019 by .

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Question: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for?

Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent trying to find a new tenant. However, it is my experience that in tight rental markets, most tenants do not like to move because of the time and expense it takes to move.  Therefore, under the current rental market, it may not benefit you to have a long-term lease with your tenants. [...]

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A Soft-Story Story: Fail to Plan or Plan to Pay By – Dee Soffer

Posted on 01. Feb, 2019 by .

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Planning is an essential part of our lives and with the new Soft-Story Ordinance it is critical. How much planning is usually a question of personalities, experience and skills. As property owners and investors, we all want to minimize liabilities and provide the safest housing standards for our tenants. At the end of the day, thanks to many of these tenants, we can enjoy the luxuries of being a landlord in primeL.A.and to some of us, this has been our main source of income and possibly our entire retirement plan. [...]

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How Millionaires Are Made by- Alexander Green

Posted on 01. Feb, 2019 by .

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In a previous column, I discussed New York Times columnist Robert Frank’s book Success and Luck and his claim that there is no real meritocracy in this country.
In his view, what best explains the difference between the economically successful and the economically unsuccessful – the so-called “haves” and “have-nots”- is not education, talent, skills, work habits, persistence, ambition, risk-taking, resilience or grit… but luck. It’s a dispiriting message. It’s also untrue. In his book, Frank never addresses the work of Dr. Thomas Stanley, the nation’s most widely recognized authority on the habits and behaviors of high net worth individuals. [...]

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Trump’s Tax Cuts: One Year Later – There’s Much to Celebrate By – Gary D. Halbert

Posted on 01. Feb, 2019 by .

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Economy: President Donald Trump signed his tax cuts into law one year ago. That means we’re going to hear a lot about how they fueled massive deficits and failed to boost economic growth. Neither are true, but that won’t stop [some folks] and the press from repeating these falsehoods ad nauseam. [...]

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Legal Q & A by – Richard Beckman

Posted on 01. Feb, 2019 by .

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 Question 1: Are there any new landlord-tenant laws for 2019?

Answer 1: Yes, and I should have gotten this question for the January magazine, but better late than never. There are several new state-wide laws affecting landlord tenant relations, but the one that may make the most impact is Assembly Bill No. 2343, which removes weekends and court holidays from the calculation of when a three day notice to cure or quit expires, and does the same for the period a tenant is given to respond to an unlawful detainer lawsuit. Thus, under current law, a three day notice served on the tenant on Friday expires the following Monday. When AB 2343 takes effect September 1, 2019, the notice will not expire until the following Wednesday. [...]

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Laundry Leases: Breach of Contract by “WASH” Laundry Company? By – Dale Alberstone, Esq.

Posted on 01. Feb, 2019 by .

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Hello everybody.  Some 31 years ago in the August 1988 issue of AOA’s magazine, I published my first of what would become many articles concerning problems inherent in laundry leases which were prepared by laundry companies and given to apartment owners to sign. [...]

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Legal Q &A by – Dennis Block

Posted on 01. Feb, 2019 by .

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Question One: A downstairs tenant, John, bitterly complains about the upstairs tenant due to noise from above. In actuality, the upstairs tenant, Harold, is not doing anything out of the ordinary. John complains about simple television sounds and even if Harold is just walking in his unit. Lately, John has been banging on his ceiling and bangs on Harold’s door with a stick.

Harold has thick padding and carpeting on his floor. What steps should I be taking at this time? [...]

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