Real Estate Investors: 13 Items Your Insurance Won’t Cover – By Al Aiello, CPA, MS Taxation
“My lawyer told me umbrella insurance is enough to protect me, so I don’t need an LLC.” ~ An ill-advised Real Estate Investor
DetailsLegal Q & A – by Richard Beckman, Attorney
Question 1: My Oakland tenant has not paid the second half of the security deposit and a late fee from last month, all terms agreed to on the lease agreement. What are the legal steps I can take to collect?
Legal Q& A – by Dennis Block, Attorney
Question One: I am in the process of preparing a security deposit itemization. Is it legal to deduct for painting charges after a tenant moves out? Also, how much can I charge for cleaning?
Protecting Yourself with Hired Help – By Jay P. DeCima
Since 2010, state agencies (EDD in California) have busted more illegal workers and their employers than during the previous 20 years before. Most likely the surge in the enforcement of unlicensed contractor regulations was elevated to “front burner” status
Apartment Owners Object to LA Council’s Retrofitting Plan
Dan Faller is the President and Founder of the Apartment Owners Association of California. He reacts to this week ‘s discussion by the Los Angeles City Council to mandate retrofitting hundreds of buildings in order to survive a major quake. Faller explains his members objections to NBC4’s Conan Nolan
LA Housing Department Caught On Video With Their Pants Down – By Bill Hooey
Okay everyone, we got them on video. It is about to go wild… There is a local landlord who became tired of the LAHD harassing him for the last ten years so he went to court and won. The LAHD was furious that they were beaten in court so they went before another judge and convinced him…
DetailsCity Legalizes Short-Term Rentals on a Limited Basis – By Gideon Kramer, SPOSFI News Editor
In October, the Board of Supervisors, by a veto-proof 9-2 margin, passed Board President and Supervisor David Chiu’s short-term rental legislation (aka “The Airbnb Law”.) As expected, Mayor Lee signed the bill into law. It takes effect in February 2015.
23 Landlord New Year’s Resolutions – by Patricia A. Harris
AOA Consultants 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!
Why Landlords Fail: 10 Fatal Mistakes (And How to Avoid Them) – By: Cynthia Hale, Esq
I recently bought a little apartment complex up on Capital Hill. While shopping for the right units to buy, I had the opportunity to walk through a good number of units in the SaltLake valley. So as an investor, I got a recent first-hand look at some fatal landlord mistakes that may be costing you…
DetailsStart Your New Year by Routinely Adhering to These Essential Landlord Tips – By Jeffrey Taylor, “Mr. Landlord”
Treat landlording as a business. Develop a system and a set of written procedures for all steps in your rental process.