VOTE NO ON PROPOSITION 10 – Repeal of 1995 Costa Hawkins Fair Housing Act
The below is an open letter, written by Attorney Michael Millman.
[AOA: The following will not happen when we defeat Proposition 10!]
Dear Members and Friends:
Over the last 40 years, studies conducted by the Rand Corporation, and most recently, StanfordUniversity, have confirmed and verified that RENT CONTROL IS NOT THE SOLUTION FOR PROMOTING AND ENCOURAGING AFFORDABLE HOUSING and it has had the opposite affect – destroying housing and allowing neighborhoods a “municipal” embarrassment.
Construction trade unions and the construction building trade associations are all opposed to any form of rent control. Even the National Association for the Advancement of Colored People strongly opposes Proposition 10, recognizing that underserved neighborhoods will continue to not attract development and will not become beautified and enhanced.
In the event Proposition 10 is successful, we can envision a political landscape where condominiums, single family homes, granny flats and all rent units built after 1995 will be required to register. An enormous, overbearing Housing Department will be installed in your city. Their initial budget will be $8,000,000 to $10,000,000 per year, wherein their Executive Director, manager and staff attorneys will all earn $200,000 or more per year.
Major corporations will be envious of the comprehensive compensation packages. Within months, an inspection program will be developed. Special quasi-judicial commissions will be installed. Owners will receive citations for alleged “building code” violations. Properties will be taken under the pretense that they are not habitable and are unsafe. Tenants will be instructed to pay their rent to the new Housing Department, and of course, their rent will be discounted by a factor of 50% or more.
- Owners will pay registration fees of $300 per door and an additional $200 per door will be allocated for the tenant eviction bureau and an additional surcharge of several hundred dollars per door for the homeless fund.
- Owners bill be obligated to pay not only property taxes, but all parcel taxes as well as special bonds.
- Earthquake retrofit will be the responsibility of owners.
- Mandated health and safety protocols will be the financial responsibility of only owners.
- Hardship tenants for financially burdened tenants will be able to apply to the Rent Board who may automatically reduce rents to an “artificial” amount wherein the rent does not exceed one third of the tenant’s adjustment income.
- When a rental unit becomes vacant, the Rent Board will artificially set the price. There will be no appeal.
- At the outset, rents may be rolled back and frozen at some artificial amount.
Waiver – New Construction Protocol
Newly constructed units will fall under the jurisdiction of the Rent Control Bureau. Rents for new, beautiful, luxury units will be set and determined by the Rent Control Board. Owners and developers will be told that it will take 60 to 70 years before they can recover their investments.
Call to Arms
Friends, we’re in a fight. The Apartment Owners Association of California, (AOA) has a Political Action Committee (PAC) – our war chest.
You may make your donation to the PAC and send it to 6445 Sepulveda Blvd., Suite 300, Van Nuys, CA, 91411. They will use your money immediately.
AOA has joined together with other associations and organizations to pool the money to be used to fight to defeat the Progressive’s Prop 10. Professionals have already been hired to run our campaign.
They have printed lawn signs for you and your neighbors, tenants, friends and others. You can pick up your sign at one of the AOA offices. Be sure to call to make sure of the time and availability of the supply. THE TIME IS NOW – VOTE NO ON PROPOSTION 10 AND DONATE NOW!
[AOA: Yes, this might not happen to you, but it sure will happen to many other owners, and the value of your building(s) will go right down with them if we do not win this battle against Proposition 10! It will take a lot of money to win and I encourage you to contribute your share. Over thirty million dollars has already been committed to the “No on Prop 10” coalition and it is going to take a lot more to win. We are counting on you and other AOA members and friends to help win this one. The opposition has been given millions of dollars from a big donor with socialistic ideas. To counter this, professionals have been hired to run the campaign for our industry and they have to be paid along with the cost of the promotion. Be sure to visit an AOA office and pick up your “Vote No on Prop 10” lawn sign. You can also pick one up at the Trade Show. Please, please donate at least $100! If you are able to do more, please do it now. How about somewhere between $100 and $10,000? See you at the big Million Dollar Trade Show! – Dan Faller]
What Else Can You Do?
Donate today to help the fight to keep your property rights.
It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference!
Thursday, October 25th at the Los Angeles Convention Center – West Hall B
Mark your calendars for Thursday, October 25th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Los Angeles. You will meet just about every contractor and vendor you will ever need… it’s called the “Million Dollar Event” of the year. Come and help us celebrate and who knows, you may even go home with a new iPad or a 5-day cruise certificate* for two! All of this and more being given away throughout the day.
One FREE “No on Prop 10” Sign for Everybody!
Come on out and take your beautiful sign home with you to place in your yard for other homeowners and tenants to see.
FREE $100 Bills!
GS Insurance Solutions is giving away $100 bills at booth #323!!
AOA has partnered with GS Insurance Solutions to provide AOA members with the best Exclusive Group Insurance Program, at the lowest possible price! Here’s what they are offering at the trade show:
“We are so confident that AOA’s policy pricing will beat what you are paying now, that we’ll give you $100.00 if we can’t beat your current rate on your apartment building insurance, or your Workers’ Compensation on a like for like policy. All you have to do is bring your declarations page (the page showing the coverage and premium) to booth #323 and we’ll give you an identical coverage quote”.
Wow, they give you a $100 bill if they don’t beat your current policy and if they do, you could save thousands, you win either way!!!
You will discover money-making and money-saving ideas, and what you, as an investor, can expect in the future will be presented on Thursday, October 25th at the Los Angeles Convention Center, West Hall B, 1201 S. Figueroa St. The first seminar at 7:30 a.m. will cover Dan Faller’s “7-Step Success System on How to Make and Keep Millions – (Been There, Done That)”. Every rental housing owner will want to hear this one along with all of the informative seminars offered throughout the day. You’ll want to attend these FREE landlording seminars where YOU can win a prize at EVERY seminar so be sure to attend as many as you can! Read on for more detailed seminar information and times.
What Every Rental Property Owner Wants Now!
Is your goal to discover at least one idea that will help you become an even more successful and profitable apartment owner and/or manager than ever before? Then you’ll want to be at
this AOA Trade Show. Based on the past experience of AOA members, property management companies, and other rental property owners from all over the state, we can almost guarantee that you will discover that one big idea. In fact, you will discover more money-making and money-saving ideas at the AOA Trade Show than any other “happening” in the whole industry. Come to the big event and you too, will find out why so many rental housing owners, managers, contractors, vendors and other entrepreneurs attend.
The Million Dollar Trade Show is designed to fulfill AOA’s mission of providing every rental property owner with at least “one idea that will help you make and keep more money than ever before”. We’ve been meeting that goal for over 35 years – – that’s why so many rental housing owners, property managers, exhibitors and other entrepreneurs keep coming back year after year.
It pays and saves you big time just to be an AOA member. BUT… it pays and saves even more for those owners who turn up every year to discover new ideas at the Big Show!
WOW! Where else could you possibly spend a more profitable day? There will be no place in the world like the Los Angeles Convention Center on Thursday, October 25th from 7:30 a.m. to 5:00 p.m.
The Whole Day is FREE
It won’t cost you a dime. You see, the 100-plus contractors, exhibitors and speakers get together and pay the rent for the Convention Hall. They provide all the chairs for the huge seminars AND cover all the other expenses. It costs them over $100,000 to put on this show … just for you! You will definitely want to take advantage of this one, big, valuable money-making and money-saving opportunity.
Really, it’s a FREE show. All the drawings offered at many of the exhibitors’ booths and the whole day of money-making idea seminar – all FREE! The AOA Trade Show and Landlording Conference is one big free day for every well-deserving apartment owner! All we ask for the price of admission is that you bring a new, unwrapped child’s toy for the Union Rescue Mission’s “Christmas in October” program.
WHEN: October 25th – all day Thursday. The first seminar starts at
7:30 a.m. and the exhibitors’ floor opens at 8:30 a.m. The last seminar starts at 4:30 p.m.
WHERE: At the Los Angeles Convention Center, West Hall B, 1201 South Figueroa St. in Los Angeles.
PURPOSE: To help you discover ideas, products and services that will make your
life as a rental property professional more enjoyable, easier and more profitable.
Our goal is for you to discover at least one idea that will help you make and
keep more money than ever before!
COST: FREE – Please bring a new, unwrapped child’s toy for the Union Rescue
Mission’s “Christmas in October” program.
Your Free Gifts Just for Attending
Gift #1: If you have never been a member of AOA, you’ll receive a FREE six month membership. You’ll have all the privileges and rights of our regular paid members – access to “instant” low-cost credit and eviction checks, a monthly subscription to the Apartment Owners Association News and Buyers Guide and much more! You will be part of one of the largest individually organized group of apartment owners and property managers in the whole United States. Why are we giving away FREE memberships to first time members? Because we hope you’ll take advantage of the many benefits of being an AOA member and renew at the end of your six-month freebie, BUT, there is no obligation!
Gift #2: Nine lucky winners will win a 5-day Cruise certificate for two! (Port taxes, registration and fees not included.)
Gift #3: An iPad will be given away at the last seminar of the day!
Gift #4: Also, many other prizes and gifts will be given away to the lucky winners at
individual booths – be sure to visit them all! (Rumor has it that booth #420 is giving away $20 bills, so be sure to visit them!)
Attorneys will be there all day just to answer any landlord/tenant questions to keep you out of trouble and avoid possible lawsuits. AOA Brokers will be available to show you apartment buildings for sale for your investment consideration. We’ve invited several government agencies so that they can answer your questions. Exhibitors will be there with new products and services. Then there are all the free “money-making idea” seminars.
You’ll want to spend the whole day at the show visiting all the booths and attending every seminar that you can possibly take in. The following describes all the FREE seminars and the times each one will be given:
“The 7-Step Success System on
How to Make & Keep Millions! (Been There, Done That)”
7:30 a.m. – Seminar Area A
Multi-millionaire, President and Founder of AOA, Dan Faller will share with you his personal and powerfully proven “7-Step Success System”. You’ll discover how to apply his success system to your ownership of apartments, AND to whatever other business or personal project that you decide to tackle! It’s Dan’s personal goal that every AOA member knows and uses these seven steps.
Find out what the most successful, big money makers are doing today.
In this seminar you will discover:
How one simple step can double your income
- How to always be in the upper 3%
- Two proven formulas for obtaining wealth in real estate
- Wealth-building ideas to generate cash for your golden years
You’ll either love him, or hate him, (but you won’t want to miss him) as he also shares his thoughts about success, God and politics.
Be there and you’ll find that his proven, simple step-by-step “Success System” really can work for you! If you have the “want to”, you’ll discover the “how to” at this seminar!
Plus, you could win a 5-day cruise certificate* for two
“The Disaster of Rent Control is Coming! What You Can Do to Protect Yourself”
9:00 a.m. – Seminar Area A
Well-known Eviction Attorney, Dennis Block, has plenty of hot legal ideas in store for you! Mr. Block is with the Law Firm of Dennis P. Block and Associates and also hosts a weekly landlord radio show. His presentation is truly inspiring and entertaining. At this seminar you’ll discover:
Will your building be under rent control?
- How to shield yourself
- How to get maximum rent under rent control
Be there early to get a good seat AND plan to stay for the legal question and answer session that follows. Here’s hoping that you win the 5-day cruise certificate* for two at this seminar!
“Should You Stay Put or Cash Out?”
9:00 a.m. – Seminar Area B
Our special guest speaker, millionaire investor Bruce Norris is also the author of the book The California Comeback. When he wrote this book, in 1997, experts thought he was crazy with his predictions that real estate prices would double by 2004! He was absolutely right! – Then he wrote The California Countdown in 2004 and the California Crash in late 2005. This guy has established a habit of being right!
You won’t want to miss his current predictions as he looks back to interpret what he now believes the future holds for California real estate investors and what stands to be one of the most exciting and profitable times in history. It’s widely known Bruce has liquidated many holdings in California. Is it time to run for the hills? Join Bruce as he covers:
- 8 factors needed to reach a peak price
- 6 signs to watch for to know a peak is here
- And where the California market currently stands
Wouldn’t it be just great if you win the 5-day cruise certificate* for two and get to take the cruise with someone special?!
“Discover How to Make 16% Interest with Tax Liens”
11:00 a.m. – Seminar Area B
Mac Boyter is an experienced investor turned educator. He has taught students around the world a way that they can generate potential monthly income and amass Real Estate holdings without adding more to their plate. Mac takes the complex world of Tax Lien Investing, and makes it understandable for anyone. He now trains others to passively invest and shows them how to maximize profit and minimize risk. You won’t want to miss his secrets on:
- How to use the most lucrative financial opportunity available in America
- How to acquire real estate for only 25% of the value of the property
- How to build your fortune starting with any dollar amount
You’ll want to attend this one, folks, and you’ll wonder why someone didn’t tell you about this years ago! Wouldn’t it be nice if you won the 5-day cruise certificate* for two!
“How to Get Three Times the Market Rent Guaranteed By the Government Without Section 8”
1:15 p.m. – Seminar Area B
Nationally known speaker, Nick Sidoti, R.A.M., C.P.M., also known as “Dr. Cash Flow – the Cash Register Landlord,” has been investing in real estate since 1979. This guy is so crazy about helping you that he has a reputation for actually throwing money to his audience. Nick specializes in residential rental properties and multi-family dwellings and has been the President of Western New York Real Estate Investors, Inc. since 1986. Don’t miss this exciting property management seminar, folks! At this seminar you will discover:
- How to increase profits and reduce tenant headaches
- How to choose tenants that will make you wealthy
- How to get tenants to stuff your mailbox full of money
Plus, you could win a 5-day cruise certificate* for two at this seminar!
“Discover How Costa-Hawkins Protects Your Property”
1:15 p.m. – Seminar Area A Da Faller, AOA President
Attorney Michael Brennan and AOA President Dan Faller. Michael Brennan is the owner of Brennan Law Firm, one of the fastest growing landlord-tenant law firms in Southern California. The firm represents every type of landlord, from “mom and pop” apartment owners to institutional, commercial landlords exclusively in evictions, judgment enforcements, litigation, and all other landlord-tenant matters.
He has over sixteen years of experience in the real estate industry and has served on legislative
committees that worked toward passing legislation protecting the rights of landlords. At this seminar you’ll discover:
- How vacancy control would destroy property values
- How your property rights are being threatened
- What you should do NOW…
Be there early to get a good seat AND plan to stay for the legal question and answer session that follows. Here’s hoping that you win the 5-day cruise certificate* for two at this seminar!
“How to Write Off Almost Anything”
3:15 p.m. – Seminar Area A
As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. Karla, CEO of consultancy firm Karla Dennis & Associates, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert. At this seminar you will discover:
- The two groups of taxpayers
- How to keep more money in your pocket
- How the wealthy stay wealthy
Plus, you could win a 5-day cruise certificate* for two!
“Discover How to Make Money in the Stock Market”
3:15 p.m. – Seminar Area B
Steven Sitkowski has spent his entire professional life in the financial services industry. He knows the financial landscape from the vantage point of an experienced insider. He has been a Certified Financial Planner, Registered Investment Advisor, ran a stock brokerage operation in Florida, has been a general and limited partner in real estate holdings, and was president of two financial planning organizations.
Mr. Sitkowski has been the host of a nationally syndicated radio talk show and has lectured to over one million people in theUnited States, Canada, and England. As a lifetime student, Mr. Sitkowski strives to increase his personal knowledge, and therefore, the contribution he makes to the investing public each and every year. At this seminar, you will discover:
- Why the stock market is a great way to diversify
- Why direction doesn’t matter
- How to trade like the pros
- How to take control of your trading decisions
Maybe you’ll win a 5-day cruise certificate* for two!
“Strategies on Tax Reduction, Lawsuit Protection & Estate Planning”
4.30 p.m. – Seminar Area B
Dale West is one of America’s top asset protection experts, having helped thousands of professionals achieve financial peace of mind by teaching them how to properly structure their assets for tax reduction, lawsuit protection and estate planning. For more than two decades, his conferences have trained professionals in every state of the Union, helping thousands of people save millions of dollars. Dale West is a nationally recognized speaker and a contributing author to the best-selling books America’s Greatest Tax Secrets Revealed, The Asset Protection Bible and Cover Your Assets: Lawsuit Protection. He will be showing you how to:
- Lower your taxes up to 45%
- Legally cut capital gains to zero
- Protect yourself from all lawsuits
Stay for this money-making seminar and you just may win one of these great prizes – a new iPad or a 5-day cruise certificate* for two – both being given away at the last seminar of the day!
Big Day Planned Just For YOU!
We hope to see you at all the seminars. We do know that you’ll be a big winner by attending this biggest ever AOA “Million Dollar Trade Show and Landlording Conference”! The whole day has been planned for apartment owners and property managers . . . just like you!
Union Rescue Mission’s
“Christmas in October” Toy Drive
Apartment owners have been especially kind in supporting the Union Rescue Mission at every AOA Trade Show with their donations. This year, the Mission is asking that we again support their “Annual Christmas Store”. They make four days in December available to poor and homeless families who cannot afford to buy Christmas presents. Please help us stock their shelves by bringing a new, unwrapped toy for infants, toddlers, elementary ages and teenagers. You can help make a difference!
One Big Day
Mark your calendar now: All day Thursday, October 25th at the Los Angeles Convention Center, West Hall B, 1201 South Figueroa St. The first seminar begins at 7:30 a.m. and the exhibitor floor opens at 8:30 a.m. and stays open until 5:00 p.m. The last seminar starts at 4:30 p.m. Plan to spend a day of discovering the best money-making and money-saving ideas and special discounts that you will ever see at one location. We’re looking forward to seeing you there. Please bring a friend – you can be assured that they will discover at least one idea that will help them make and keep more money than ever before as a direct result of attending. See you at the all FREE “Big Million Dollar Trade Show and Landlording Conference”!!!
P.S. Be sure to stop by the AOA booth for FREE popcorn and to spin the big wheel for even more prizes!
*Port taxes, registration and fees not included.