Property Management Groups Sue City! Judge Sides with Landlords Over Tenant Screening Cap Flap: By John Triplett

An Oregon judge has sided with landlords over the city of Eugene’s attempt to cap tenant screening fees at ten dollars ($10), according to reports. Two property management groups had sued the city over a city-imposed ten dollar ($10) cap on rental applicant screening fees. Thorin Properties and Jennings Group, Inc., charged in the lawsuit that…

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Four Ways to Use Delaware Statutory Trusts for Your 1031 Exchange By Dwight Kay, Founder and CEO, Kay Properties

Regardless of what economic trends are taking place, Delaware Statutory Trusts provide investors a number timeless benefits for their 1031 Exchanges including deferring capital gains taxes, eliminating the headaches of active management (think the Three T’s: tenants, toilets, and trash), the ability to create a more diversified* portfolio, and provide investors the potential for consistent…

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Unfunded Mandates and Benefits of Owning California Apartments by Terry Moore, CCIM

Recently, California has imposed several unfunded mandates on rental owners. Other states don’t impose similar costs on rental owners. Sacramento has not yet lost enough millionaires and high-income taxpayers to restrain their policies. Most local owners recognize these mandates are likely to continue. The economics of rental ownership are shifting. Background California government policies created a…

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Are Your Assets Protected from Lawsuits? By Larry Oxenham, Senior Advisor, American Society for Asset Protection

Apartment owners need to consider the possibility of a lawsuit, with the ultimate goal of ensuring your personal and business assets are shielded from seizure to satisfy a judgment. The first step to shielding assets is understanding how lawsuits work. Fortunately, proceedings of a lawsuit can be broken into six simple steps. 1. Injury or…

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Something to Think About #127: The Negotiating Opportunist by Klarise Yahya, Commercial Mortgage Broker, BRE: 00957107 – MLO: 249261

J.P. Getty had five wives in succession. Each one, in her time, probably told her girlfriends, “Of course I know what he’s like. But after we’re married I’ll change him!”  The opening phrase “what he’s like” referred to his notable thrift. In personal relationships, marriages included, Getty was a miser. Once received, it was difficult…

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