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Archive for November, 2016

What Time Records Must a Resident Manager Keep? – By Dale Alberstone, Esq.

Posted on 01. Nov, 2016 by .

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Hello everybody.  Regular AOA readers of this column know that my most passionate recommendation to owners and management companies who employ resident managers is have their managers sign a written employment agreement setting forth the terms and conditions of the hiring.

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Something to Think About #50 – Uncle Sally’s Nephew, Part 13 – by Klarise Yahya, Commercial Loan Broker – BRE: 00957107, MLO: 249261

Posted on 01. Nov, 2016 by .

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Continued from Part 12:  The incentives broke out thusly:  If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D. […]

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City is Sued for Attempting Unjustified Snooping on Rental Property – by Meriem Hubbard and Wencong Fa, Attorneys-at-Law

Posted on 01. Oct, 2016 by .

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In a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes.  In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection: […]

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He Said, She Said – By Zachary Lawrence JD

Posted on 01. Oct, 2016 by .

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When I was a kid, we’d play a game called “Telephone”.  A group would sit in a line of chairs and the first person would whisper a statement into the ear of the person sitting next to him or her.  Let’s pretend that the whispered statement was,  “I enjoy driving fast cars”.

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7 Great Reasons to Invest in Smaller Multifamily Real Estate – by Richard Montgomery

Posted on 01. Oct, 2016 by .

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Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commercial buildings? Investor Richard Montgomery takes on this question from a reader.

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Urgent Tax Alert for Apartment Owners with Larger Estates! Last Chance to Use Discounts to Save Estate and Gift Taxes? – By AOA Member and Estate Planning Attorney, Kenneth Ziskin

Posted on 01. Oct, 2016 by .

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If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOW.  The new Proposed Regulations, released in August, are designed […]

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Resident Managers: Sick Leave Law Updated – By Dale Alberstone, Esq.

Posted on 01. Oct, 2016 by .

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Hello everybody.  As most AOA members know, last year the State of California enacted a so-called “Sick Leave Law” to provide paid time off for California employees.  Under that legislation, all employers who employ one or more individuals that work in California for 30 days or more per year must provide those employees with paid […]

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5 Keys That Sway Tenant Decisions bout Your Rentals By Larry Arth

Posted on 01. Oct, 2016 by .

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When a tenant decides whether or not your rental is right for their next home, what are some of the key things that will lead them to sign your lease and not the lease of one of your competitors? Do you know the key factors?

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Why You Should use a Ratio Utility Billing System – By Jerry Baker

Posted on 01. Oct, 2016 by .

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For entities who wish to bill for water, sewer, gas, or electricity, submetering may not be an option due to construction restrictions or, a limited budget. As such, owners, and operators are left searching for alternatives in the absence of submetering. The most equitable alternative is to deploy a Ratio Utility Billing System, commonly referred […]

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Legal Q & A Serving the 3-Day Notice to Pay or Quit – by Franco Simone, Esq.

Posted on 01. Oct, 2016 by .

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Q:  I served my 3-Day Notice to Pay or Quit and accidentally made it for the full amount when they paid $50 this month. Does it matter what the amount says? They still owe me the rest of the month.

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