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Los 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!

Forecasts 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…

An 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…

Legal 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…

Legal 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…

Legal Q&A by Dennis P. Block Question One: I am suing my tenant for eviction based on non-payment of rent. He claims that I will lose my case as I served the 3-day notice prematurely. I served him with the notice on the 3rd day of the month. He claims that the contract provides for…

Resident Managers, Easements and Tree Law By Dale Alberstone, Esq. This month I will address three areas of real estate law which, judging from the volume of telephone calls I receive from AOA members, continue to generate a good amount of confusion. These fields are: 1. The maximum rent an owner or management company may…

Coming Next Month! The Big Trade Show and Educational Conference And Are You the 1% or Who Are They? The Big Show You’ll want to mark your calendars for the Million Dollar Trade Show and Educational Conference next month. Come help us celebrate AOA’s 30th anniversary where we’ll be giving away iPads, 5-day cruises and…

Bed Bugs Revisited Michael A. Brennan, Esq. Potential Link Between Bed Bugs And Disease Could Raise Landlords’ Potential Liability And Provide Tenants With A Stronger Habitability Defense Most landlords have already heard the news about the increasing rate of bed bug infestations in rental housing units across the country. In fact, several of my clients…

There is currently a favorable environment with price support for multifamily properties because of the following: There are fewer apartment buildings in better areas being offered for sale Investor interest remains although many are more cautious There is loan availability with record low rates