In our previous article regarding emotional support animals published in April 2017, we inadvertently used the term “service dog” when we should have used the term “emotional support animal”. Under federal law “service dog” has a specific legal definition. We did not intend the article to be about service dogs. We regret this error in…
Details1. Hasty “Fill the Chair” Decisions When you’re short-staffed, it’s tempting to hire quickly rather than thoughtfully. Don’t accept average; fight for superior. The financial value of a great salesperson is in the rental income produced and retained. Hiring the wrong person can cost dearly.
Details9 Tips When You Visit Your Rental A landlord is about to make their first interior visit to their rental property with this set of renters. This same landlord wanted to know, what should be the goal of the visit? Is the goal just to do a visual check that nothing is falling apart, to verify that there are…
DetailsScreening tenants is a vital part of the job of a landlord or property manager. While most of the criteria – credit score, income, employment – by which prospective tenants are screened, are straightforward to evaluate, one in particular is not – criminal background.
For years, AOA has asked us for nightmare tenant stories and no one has ever sent one in. Well, here is my story. Hopefully, future new owners will learn from this. Back in 1980 I bought my second apartment building. It was a six unit building in Redondo Beach one block from the beach. Because…
DetailsTrade Show a Huge Success! Our “Million Dollar” Trade Show and Landlording Conference last month was a huge success! You should have been there! Our members were more educated, motivated and stimulated by some very knowledgeable speakers who helped give them that one idea that will help them make and keep more money than ever! …
DetailsWriting in 2007, Los Angeles Times editorial writer Robert Greene stated, “The defining issue of the 2003 recall was Gov. Gray Davis’ tripling of the car tax, more officially known as the vehicle license fee. The defining issue of Arnold Schwarzenegger’s successful campaign to unseat Davis was his promised rollback of the said car tax.”
The following letter was mailed to AOA from an anonymous individual. I’m granted the privilege and opportunity of commenting upon and evaluating Housing Policies that impact the residential income industry. I have the unique benefit of obtaining contributions and information from many of our industry’s attorneys, accountants and others. Over time, we’ve discussed complex and…
DetailsLLC is the shorthand for “Limited Liability Company. Many clients ask me: “Should I own my apartments and other income property in an LLC?” Like most questions you ask a lawyer, the answer is: It depends on your situation and what you want to accomplish. Many lawyers push clients to pay fees to form LLCs,…
DetailsSince laws are continuously changing or new ones are announced, AOA wants to make sure that your building is up-to-date with all the state requirements. Below is a reminder of some important issues to keep you in compliance with those laws and possibly save you from lawsuits and/or fines.
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