Letters to the Editor¦ Dear AOA: I had missed a few issues of the monthly magazine after moving to Arizona. This may have been due to our unsecured street mail box. When I realized that I had not been getting the magazine, I called AOA and spoke to Shelly. I explained what had happened and…
DetailsMRLANDLORD.COM Tips on Management 26 Ways to Keep Residents Longer in 2012 By Jeffrey Taylor 1) When screening residents, length of employment and rental history are the biggest predictors of Longevity. 2) Give them market rent or just below it. 3) Respond to resident calls in a timely manner, and take care of the property.…
DetailsWhat is Adverse Action Notice and When Must You Provide One? By Ilse Cordoni If you reject a tenant solely or in part upon the information in the prospective tenant’s consumer credit report and/or on the credit score, current California and Federal laws require that you provide the applicant with an Adverse Action Notice in…
DetailsThere’s No Time Like the Present: When Prices Hit Rock Bottom, The Smart Get Investing By Samantha Murphey ‘s obvious that the real estate market is suffering. But whether it has hit rock bottom is a subject of debate. Is the worst behind us? Or is it yet to come? According to real estate investment…
DetailsAn Exit Strategy That Defers Tax Liability and Increases Cash Flow by Anne Baber, Investment Real Estate Broker And this too, dear, shall pass¦.(Dollie Riviere, my Grandmother) The National Economy The US economy ended last year on firmer footing with modestly stronger growth; however, output fell short of what analysts expected. The gross domestic product…
DetailsLos Angeles City Rent Stabilization – Reminders and Updates by Patricia A. Harris Hopefully, if you own in the City of Los Angeles, you have already paid your building’s registration fees of $24.51 per unit which was due by February 28, 2011. Yes, the City raised the annual registration fees again!
DetailsForecasts and Trends By Gary D. Halbert Marginal Tax Rates vs. Effective Tax Rates With the Republican presidential primaries in full swing, we’ve seen a lot of attention focused on the income tax rates paid by the candidates. In a debate earlier this month, Mitt Romney, who is very wealthy, commented that he thought his…
DetailsAn Exchange of Opinions #25: Charity By Klarise Yahya, Commercial Loan Broker, DRE: 0095710 MLO: 249261 Building a loan package is both science and art. The science is predictable: certain things must be included in each file and adjusted for the type of property we’re talking about. The science is pretty standard. The art is…
DetailsLegal Q & A by Franco Simone, Attorney The Landlord’s Responsibility for Move-In and Move-Out Inspections Q: Should I do a pre-move-in walk thru with my new tenant? A: Yes. Before signing a Rental Agreement or collecting any rent or security deposit, DO A MOVEIN INSPECTION!!!! It is best to use a written Inspection Checklist…
DetailsLegal Q & A by Richard Beckman, Attorney Question 1: My tenants changed the kitchen by adding cabinets and a dishwasher. Can I make them take it all out? Answer 1: First of all, I must assume that the tenants did this work without requesting permission from you first. Secondly, if the work was done…
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