As I write this message on May 19th, we have just learned that Governor Newsom is proposing reimbursement for 100% of lost rent during this horrible pandemic year. This is promising news, absolutely. Of course, we will need to know more about those pesky details. Who must apply, what proof of ownership or loss will…
DetailsOne of the biggest mistakes new landlords make–and sometimes some of us who should know better–is to accept any excuses for nonpayment of rent. Handle all nonpayment cases the same, whether it’s a good or bad excuse. Do not accept any excuses – offer solutions! If you start “judging” whether or not a resident’s excuse is worthy…
DetailsHave you ever “protested” in front of our elected officials about what they are planning and/or actually doing to you? Well, now you have a chance to join one of the biggest housing providers’ “protest” ever; and you can do it all from the comfort of your home. AOA is not asking you to demonstrate…
DetailsWhen selling, financing or re-financing a rental property the tenant estoppel often comes up during the due diligence phase of an acquisition or during the underwriting of a loan. What exactly is a tenant estoppel certificate and how does it work? Let’s dive in and take a closer look. What is a Tenant Estoppel? The legal definition…
DetailsGov. Gavin Newsom has repeatedly made housing affordability a top priority of his administration. But getting a good read on his thinking can be difficult. During a panel discussion hosted by Capitol Weekly, Jason Elliott, Newsom’s top advisor on housing and homelessness, provided a glimpse. The big takeaway: California is millions of housing units short,…
DetailsDear Mr. Faller: It seems to me that we, landlords, have a public relations problem. Too many people think landlords don’t work, and just suck up money from other people. No doubt it would come as quite a shock that for the last month, I have been working seven days a week. Yesterday, I…
DetailsMany landlords who are beginning the eviction process exclaim, “If I had only known!” Well, there are very few reasons we can think of why you should NOT have known. Before you put a tenant in your vacancy, be sure to thoroughly check them out. If you have a system in place and…
DetailsAfter many years of owning and managing a multi-family rental property, you are ready for a lifestyle change and decide to sell your highly appreciated investment property. You know the tax liability from selling your rental property will be substantial. However, you also know that you can avoid paying that high tax bill by completing…
DetailsWe all strive to find good tenants, so here are five signs that an applicant will be a good tenant for your rental property. When you’re receiving lots of applications for tenant positions at your rental properties, sometimes it can be difficult and overwhelming trying to sift through everything. After all, with so many applications…
DetailsQuestion One: My current renters were on an AOA lease for six months. It has now expired and they currently are on a month-to-month tenancy. On the 19th of the month, I was presented with a 30-day notice to vacate. They have indicated that on the 1st they will only be paying a proration of the rent for…
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