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Archive for January, 2020

Newsom Makes a Few Good Moves By – Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. Jan, 2020 by .

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There is little debate that California is a harsh, anti-taxpayer environment ruled by a tax-happy majority party.  However, in this super-partisan environment that grips both California and the entire nation, it is important to point out when our political adversaries do something positive.

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Efforts to Curtail Rampant Abuse of Emotional Support Animal Requests By – the National Apartment Association

Posted on 01. Jan, 2020 by .

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A lack of clarity in the federal law governing reasonable accommodation requests for assistance animals (covering both service animals and emotional support animals) creates a loophole for bad actors to abuse the system. The most common cases of misuse involve requests for an emotional support animal, where the resident obtains documentation on demand from online […]

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Legal Q & A by – Richard Beckman

Posted on 01. Jan, 2020 by .

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Question 1: I have a Section 8 tenant who regularly fails to pay his very minor share of the rent. The Housing Authority pays about 90%. I am reluctant to bring an eviction action, because I have heard I can’t collect any rent during the action, or the case will be dismissed. I am very concerned […]

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Did You Know by – Dennis Block

Posted on 01. Jan, 2020 by .

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Tenant Death in a Unit California law requires that prospective tenant be informed where there has been a death in a unit. This disclosure must continue for a 3-year period. It is only where the actual death occurred in the unit. It also does not apply to other units on the property, only that unit […]

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Can I 1031 Exchange Out of a DST? By Dwight Kay, CEO and Founder of Kay Properties and Investments, LLC

Posted on 01. Jan, 2020 by .

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If you’re looking for a clear and concise answer to this question, here it is: Yes, you can 1031exchange out of a DST. If you’re the type who wants to know a little more about the hows and whys of 1031 exchanges and DST, we are happy to elaborate.  First things first, a DST is […]

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Management Tips from MRLANDLORD.COM Three Questions You Should NEVER Ask An Applicant By – Jeff Taylor

Posted on 01. Jan, 2020 by .

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Recently, I wrote a tip on the subject of how to effectively handle resident repair requests. My tip was shared with 11 other members of the Forbes Real Estate Council. Three of the tips are highlighted below:

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The Importance of the Move-In/ Move-Out Inspection By – Robert Griswold

Posted on 01. Jan, 2020 by .

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The number one source of resident/landlord disputes is the disposition of the resident’s security deposit.  Many of these potential problems can be resolved with proper procedures even before the resident takes possession of the rental by using a move-in / move-out inspection checklist.  

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Landlord Pays $16,000 for Discrimination Against Family with Children By – Ellen Clark

Posted on 01. Jan, 2020 by .

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Earlier this year, the California Department of Fair Employment and Housing (DFEH) settled a familial status housing discrimination case in which a family of four alleged that a property management company refused to allow them to rent an apartment in a multi-unit community because the property manager did not consider children to be appropriate residents […]

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Resident Managers: SUMMARY of California Wage, Hour and Rent Laws for 2020 By- Dale Alberstone

Posted on 01. Jan, 2020 by .

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1.  General Rules: The California minimum wage for a resident manager is $12.00/hour for each hour worked during 2020.  California Overtime:  Overtime of 1½ times hourly rate (i.e. $18.00/hour) must be paid if the manager works more than 8 hours per day, 40  hours  per week, or more than 6 consecutive days in a row.

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Video Surveillance at Investment Properties? By – Cliff Hockley

Posted on 01. Jan, 2020 by .

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Video surveillance is not a new thing. One of the first recorded applications of video surveillance was in 1942 when it was used to view the launch of V2 Rockets in Germany.  This technology attained commercial use in the United States from 1947 -1957 along with the development of televisions.  The technology moved forward considerably […]

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The CPI is Arcane and Illegitimate! By – Michael Millman, Attorney

Posted on 01. Jan, 2020 by .

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Below is an open letter to Robert Cage, Assistant Commissioner of the U.S. Department of Labor regarding the Consumer Price Index AND … Mr. Cage’s response.

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Reflection is a Route to Wisdom by – Terry Moore

Posted on 01. Jan, 2020 by .

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“Wisdom is the ability to recognize, and the inclination to choose, the highest and best goal, and the surest means of attaining it.” ~ J. I. Packer

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All About Asbestos By – Parth Kumar

Posted on 01. Jan, 2020 by .

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What is asbestos? Why did we use this mineral if it is dangerous for humans to breathe? How do I know if I have it in my home? These are all very valid questions from worry some people that are just learning about a naturally occurring mineral called asbestos. In this article, I will be […]

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2020 New Laws and Resolutions for Landlords by Patricia A. Harris

Posted on 01. Jan, 2020 by .

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AOA Advisors get calls daily from our members with a variety of problems; some unfortunately after our owners are already in trouble.  Please use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year.   Our goal is your continued success!

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Legal Q & A by – Dennis Block

Posted on 01. Jan, 2020 by .

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Question One: I have a 20 unit building in the City of San Fernando. There was a death in one of the units. I know under California law I must disclose the death to prospective tenants. Do I have to disclose this information to applicants when leasing other units in the complex?

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Legal Q & A by – Franco Simone

Posted on 01. Jan, 2020 by .

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  Q: I would like to completely prohibit smoking inside my apartment units, but allow smoking in common areas.  Am I allowed to restrict some areas, but not others?

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Words to Lease By: Advice for Accidental Landlords By – David Crown

Posted on 01. Jan, 2020 by .

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It takes more than a keen business sense to lease rental property in a way that maximizes profits, meets all necessary legal requirements and protects you as an owner. If you recently moved from your home and leased it out, or inherited a rental, you’re in one of the largest demographics of real estate investors: […]

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Top 5 Technologies Renters Want – Are You Up-to-Date? By – the Editors of the Rental Housing Journal

Posted on 01. Jan, 2020 by .

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A new survey shows the top five technologies that renters want and that, over the last year, residents’ interest in rental technologies has grown by an average of 7 points.

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NEW RESIDENT MANAGER LAWS FOR 2020 by – Dale S. Alberstone, Esq.

Posted on 01. Jan, 2020 by .

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Hello everybody.  Most everyone hopes that 2020 will bring about the election of great president, low taxes, world peace, and other important things like that. As the legal writer for the Apartment Owners Association, my hope and 2020 New Year’s Resolution wish for AOA members is more modest, but nonetheless extremely important.  In fact, it […]

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Something to Think About By – Klarise Yahya

Posted on 01. Jan, 2020 by .

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Continued from Part 7 . . . The widow’s advantage was that she saw “when” not as a fixed point in the future but as a trend line. “Over time,” she thought, “the line will go up. This investment will compound better than the available alternatives”. While she seldom bought individual companies anymore, sometimes she […]

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Qualified Opportunity Zone Funds – A Tax Efficient Investment Vehicle for Those Selling Appreciated Assets By – Steve Haskell, Vice President

Posted on 01. Dec, 2019 by .

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What is a Qualified Opportunity Zone (QOZ)? A QOZs as described under the 2017 Tax Cuts and Jobs Act is a social program with the intent of redeveloping impoverished districts throughout the country by driving private capital to over 8,700 underserved communities and 35M Americans throughout by offering tax incentives to investors. (1) 

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5 Ways to Communicate Better with Challenging Tenants By – Holly Welles

Posted on 01. Dec, 2019 by .

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Many landlords wish they could communicate better with challenging tenants who pose a number of problems for management. As a landlord, you may occasionally encounter tenants who bring a range of issues with them, like missing rent payments or keeping pets when the terms of their lease don’t allow it. You don’t have to dread […]

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More Bad Medicine By – Noni Richen, SPOSFI President

Posted on 01. Dec, 2019 by .

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The Economist, one of the most respected publications in the world, published an opinion in its September 21, 2019 edition on the subject of rent control.  The authors cite a shortage of rentals as the source of many of the challenges facing renters and owners today.

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Does Your Insurance Policy Include Mold Coverage? By- GSI Insurance Solutions

Posted on 01. Dec, 2019 by .

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Mold has the potential for being an expensive and time-consuming discovery. It causes health problems and puts property owners at risk of losing tenants. The property could be considered uninhabitable and tenants have the option to break their lease, or worse, sue.

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Legal Q & A by – Dennis Block

Posted on 01. Dec, 2019 by .

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With the passage of the Statewide Rent Control, I have been receiving a deluge of questions regarding this statute. This month, the column will be devoted to the most popular questions that I have received regarding this topic.

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Legal Q & A by – Richard Beckman

Posted on 01. Dec, 2019 by .

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Question 1: In addition to the new statewide rent and eviction control law you wrote about last month, are there any other new laws coming up we should know about? Answer 1: Yes, there are several. One pertains to the amount of notice that will be required to impose a rent increase exceeding 10%. One […]

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RUBS Regulations: What You Need to Know By – Emily Landes

Posted on 01. Dec, 2019 by .

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With utility bills on the rise and submetering systems often cost prohibitive, many property owners are considering ratio utility billing systems (RUBS). Instituting RUBS is an inexpensive way to make tenants financially responsible for their usage and incentivize conservation.

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Back to Basics: The Truth About Clogged Drains By – Bruce Davis, Sr.

Posted on 01. Dec, 2019 by .

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There are few things as frustrating, filthy and damaging as a clogged drain or toilet.  Some systems seem to never have any problems; others seem to be constantly slowing or clogging and flooding things.  What’s the reason for that?

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Something to Think About #87 – Information, Not Advice Part 7 by – Klarise Yahya

Posted on 01. Dec, 2019 by .

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Continued from Part 6 . . . Assuming Greater Risk What follows are additional examples of some of the techniques the Bond Geeks use to goose their returns. For clarity, the examples below will use hypothetical data and do not adjust for taxes, inflation, or other trifles that might obscure the larger point.

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Survey: Family Offices Fear a Recession in 2020 By – Gary D. Halbert

Posted on 01. Dec, 2019 by .

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Recently, Swiss investment bank UBS and researchers at Campden Wealth Research published their annual report on the world of family offices. If you’re not familiar with the term, a family office is essentially a private wealth management group that handles investments, finances and other important matters for super-rich individuals and affluent families.

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“Good Faith” Eviction for Landlord Occupancy By – L.A. Housing and Community Investment Department

Posted on 01. Dec, 2019 by .

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The Rent Stabilization Ordinance (RSO) allows a landlord seeking in good faith to recover possession of a rental unit for use and occupancy as a primary place of residence for the landlord, the landlord’s spouse, grandchildren, children, parents or grandparents or resident manager.

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Inexpensive Ways to Thank Your Tenants This Holiday Season! By -Patricia A. Harris

Posted on 01. Dec, 2019 by .

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Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to […]

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December Holiday Ideas for Multifamily Communities

Posted on 01. Dec, 2019 by .

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A warm inviting smile from our staff is the perfect crowning glory to your holiday decorating efforts.   Greet everyone with a warm welcome and ensure your faces and attitudes reflect the same joyous message that is presented by your community décor.  Nobody wants to lease an apartment from The Grinch!

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You Get What You Inspect … Property Owners Should Not Ignore Their Properties By – Cliff Hockley

Posted on 01. Dec, 2019 by .

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Joe and his sister, Madison, flew in from Alaska to inspect their investment properties.  They were meeting with their property manager to review their investment portfolio.

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Resident Manager Time Records: What You Need to Know By – Dale Alberstone, Esq.

Posted on 01. Dec, 2019 by .

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Hello everybody.  Let’s start with a multiple choice question.  Please choose the correct answer:  

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How to Solve the Number One Problem in Landlord-Tenant Relationships – Security Deposit Refunds By Robert Griswold, CRE®, CPM®, ARM®

Posted on 01. Dec, 2019 by .

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If you own rental property in California, you need to comply with special rules and procedures for vacating tenants.  California landlords must provide their tenants with written notice that they’re entitled to request and be present for an initial pre-move inspection.  A vacating tenant can decline, but if he accepts that the rental property owner […]

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Did You Know- Statewide Rent Control – By Dennis Block

Posted on 01. Dec, 2019 by .

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With the passage of AB 1482 the so called “Tenant Protection Act of 2019” there has been much confusion regarding its provisions. This column will attempt to shed some light on this new law.

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Rising Rent Control Leading to Falling Development and Investment By – the National Multihousing Council

Posted on 01. Dec, 2019 by .

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WASHINGTON, D.C. — An increasing number of jurisdictions recently have imposed rent control or are seriously considering doing so, leading many market participants to reconsider their investment decisions, according to the NMHC’s Quarterly Survey of Apartment Market Conditions, conducted in October 2019. Rent control legislation is continuing to expand with 58 percent of respondents saying that […]

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Management Tips from MRLANDLORD.COM- By Jeff Taylor

Posted on 01. Dec, 2019 by .

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How to Increase Rental Profits  I recently did an interview with Forbes, and the article was just published last week. The focus of the interview was on how a landlord can increase rental profits. I thought many of you would benefit seeing the main points shared, so I have reprinted some of the key points […]

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Call It Like It Is: “Tenant Welfare”!

Posted on 01. Dec, 2019 by .

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And to make it more accurate, we should use the full, clear, most descriptive, revealing interpretation: “Tenant Welfare for the Rich” or “Tenant Welfare Paid for Only by Housing Providers!”

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