Blog - AOAUSA

HUD to Enforce Policy Banning Bias Over Sexual Orientation and Gender Identity By the Editors of the Rental Housing Journal

UncategorizedBy Melody Scott May 3, 2021

The U.S. Department of Housing and Urban Development (HUD) has announced a new directive to begin implementation of the policy set forth in President Joe Biden’s executive order to prevent and combat sexual orientation and gender identity-based discrimination under Fair Housing rules. HUD’s Office of Fair Housing and Equal Opportunity (FHEO) issued a memorandum stating…

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Something to Think About #104 – Information, Not Advice #25 Part 3 By Klarise Yahya

UncategorizedBy Melody Scott May 3, 2021

Bubble: The Great Recession (2007-08) was the worst financial crisis since the Depression. Its roots predate the speculative dot-com bubble of 1995-2000 and lie in the birth of the World Wide Web in 1989. The second half of the 1980s were the glory days of the Web, the time when everything was possible. In 1986…

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Government Could’ve Issued $20,000 Checks Instead of Stimulus By Gary Halbert

UncategorizedBy Melody Scott May 3, 2021

The latest surveys show most Americans who are eligible to receive the new $1,400 stimulus checks included in President Biden’s latest $1.9 stimulus plan are in favor of the upcoming government payments. I guess that shouldn’t be a big surprise. What you may not know is with the passage of this nearly $2 trillion stimulus…

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Did You Know By Dennis Block

UncategorizedBy Melody Scott May 3, 2021

Seller Will Not Move I was recently featured on Inside Edition and Fox News 11 regarding a couple who purchased a house in Riverside, CA. Escrow closed in January, 2020, but the seller and his family have refused to move. Tracie and Myles Albert paid $650,000 for their dream house and to date, they have…

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Legal Q & A By Franco Simone

UncategorizedBy Melody Scott May 3, 2021

Q: A real estate agent reached out to me and I think I want to sell the condominium that I rent out, but I have a tenant living there. They are in a one-year lease that does not terminate until January 2022. Can I break the lease because I am selling the property? A: No,…

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Resident Managers: Update on Meal Breaks and Rest Periods By Dale Alberstone

UncategorizedBy Melody Scott May 3, 2021

Hello everybody. In the August 2020 issue of this magazine, I discussed the requirements of providing on-site resident apartment managers with legally mandated meal breaks and rest periods. It was a topic that in the 39 years that I have been the legal writer for AOA, I had not previously addressed. But a further discussion…

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Senate Bill 1157 – Credit Reporting for Lower Income Households

UncategorizedBy Melody Scott May 3, 2021

SB 1157 – beginning July 1, 2021, and until July 1, 2025 -will require a landlord of an assisted housing development, as defined, to offer tenants obligated on the lease of units in the development the option of having their rental payments reported to at least one consumer reporting agency. This means that tenants in…

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Housing Mortgage Trends 2021 By JVM Lending

UncategorizedBy Melody Scott April 1, 2021

In 2020, the global Gross Domestic Product (GDP) was expected to contract 5.2%, presenting the steepest global recession in many years. For many sectors, the negative effect of the COVID-19 pandemic is expected to be long-lasting. However, there seems to be a market that benefited from the mayhem caused by the pandemic: the housing market. During the COVID-19…

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Cost Segregation Studies Generate a Lot of Cash for Real Estate Investors By Cliff Hockley

UncategorizedBy Melody Scott April 1, 2021

Cost segregation studies are a very effective way to shelter investment property. They should be considered by every real estate investor on every transaction. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. Thanks to the Tax Cuts and Jobs Act of 2017, the benefits are still very favorable. What…

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Donald Trump and His (and Your) Privilege Not to Testify By Dale Alberstone

UncategorizedBy Melody Scott April 1, 2021

Hello everybody. In the context of the management of apartment buildings, I thought it would be appropriate this month to review what privileges owners have to prevent others from testifying against them in any civil or criminal proceeding. That thought occurred to me as I was thinking about former President Donald Trump and the legal…

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