Wit, Humor and Wisdom in the Law – by Dale Albertstone, Esq.

Hello everybody.  Every few years, I break from my tradition of writing educational articles for AOA’s monthly magazine.  As Apartment Owner Association members know, those serious type of articles have dealt with such legal topics as compliance with all the new resident manager laws, California’s new sick leave laws, how to avoid oppressive laundry leases,…

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How Rent Control Drives Out Affordable Housing Part II – by William Tucker

Recent Rollbacks Nevertheless, rent control is proving vulnerable. On January 1, 1997, Boston, Cambridge, and Brookline became the first major American cities to abandon rent controls since 1950. The process was not altogether voluntary. The initiative came from a statewide campaign organized by Boston and Cambridge property owners, who put up a state ballot initiative…

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5 Signs You Need a Property Manager – by Taryn Spiller

Property managers of the future are focused on technology. This allows them to cater to the tech-savvy tenants of the world today and create an effortless process for multifamily owners. If you’re an owner or landlord and answer yes to any of the questions below, it’s time to hire a property manager of the future.

Delaware Statutory Trust 1031 Exchange Insights – by Chay Lapin, Senior Vice President, Kay Properties and Investments

Recently, a client in a 1031 Exchange with $4,000,000 of equity was working with another registered representative and talking to a sponsor directly. In talking with Kay Properties and Investments, they learned that we specialize in Delaware Statutory Trust (DST) 1031 Exchanges and that we have access to a variety of DST properties from many…

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An Alternative to a Failing Section 1031 Like-Kind Exchange Transaction – by Charles Lee

Since the modern-day version of the U.S. Internal Revenue Code (the “IRC”) Section 1031 was amended in 1954, real estate investors have used Section 1031 like-kind exchanges to defer gains on their sale of real property.  Section 1031 exchanges allow sellers to exchange investment real property with other like-kind investment real property without the payment…

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