Written by Apartment Management Magazine on . Posted in Blog

Join Us at the 8th Annual Income Property Management Expo at the Pasadena Convention Center on March 24th

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Income Property Management Exposition offers property owners, managers, investors and real estate professionals a full slate of speakers, seminars, and an exhibition hall loaded with vendors.  This year, we are pleased to bring back after nearly 10-year hiatus the nationally acclaimed Maintenance Mania® competition. This free event will be held at Pasadena Convention Center on Tuesday, March 24th from 9:00 A.M. to 4:00 P.M.  Maintenance Mania winners go on to complete at the national competition in Boston this June.

All-day seminar topics will include tenant screening, unlawful detainers, fair housing, housing subsidies and incentives, increasing profitability, lowering costs, legal update, tax planning, investment strategies, trends in multifamily rentals and many other topics. Maintenance Mania, presented by National Apartment Association (NAA) and HD Supply, features the “best of the best” maintenance professionals who will be competing in skill-based games for nationwide recognition and cash prizes.

Speaker presentations by leading multifamily industry experts will include Daniel Yukelson, Executive Director of the Apartment Association of Greater Los Angeles; Rusty Tweed of TFS Properties; Michael Brennan, Esq. of Brennan Law Firm; Alexander Rodriguez of Soft Story Retrofit Pros; Dennis Block, Esq. of Dennis Block & Associates; Brian Gordon and Vince Medina of Lotus Property Services; Tony Watson of Robert Hall & Associates; William Exeter of Exeter 1031 Exchange Services; Chris Verzosa of Skyguard Surveillanc;, Patti Widget of Widget’s Way; and Karen Hall of uDirect IRA.

An exhibit hall loaded with 100+ vendors will showcase the latest in management software, analysis tools, energy systems, lighting, roofing, safety equipment, financial and tax planning, lending, tenant screening and insurance, tax and legal services to improve property performance and reduce operating costs. Attendees will also have opportunities to network with fellow real estate and multifamily professionals, get free advice from legal and financial experts, share new ideas and develop strategies to increase the return on their investments.

The Apartment Association of Greater Los Angeles (AAGLA), Greater Los Angeles Association of Realtors (GLAAR), California Association of Housing Authorities (CAHA), Apartment Age Magazine, Apartment News Publications, and Apartment Management Magazine are industry partners for this event.

Income Property Exposition will be held on Tuesday, March 24th from 9:00 A.M. to 4:00 P.M.. Admission is free, parking at the convention center is additional. Seminar seating is limited. Interested exhibitors may call Jordan Smith at (800) 931-6666 or email RSVP@IPMExpo.com. For information, pre-registration and conference agenda updates, please visit www.incomepropertyexpo.com.

Participation in Maintenance Mania is $35.00 for members of AAGLA and $50.00 for non-members.  Participants can register at www.aagla.org or by calling AAGLA at (213) 384-4131.

Written by Apartment Management Magazine on . Posted in Blog

The Complexities of California’s Housing Crisis: Part I

By: Roderick Wright

Housing in California, particularly the lack of affordable housing is a complex issue. Like most complex social problems there are numerous causes and villains. The solutions are usually simple, but the political will is challenging. Why don’t we simply build more apartments and houses, simple enough right? Guess what? There are those who benefit from the current situation.

Written by Apartment Management Magazine on . Posted in Blog

How Accidental Landlords Can Avoid Two Common Mistakes

by David Crown

Ownership of property might seem like something that can only happen through careful planning, but as a property manager in Los Angeles, I get calls all the time from folks who’ve become landlords through unplanned scenarios. Maybe a family member has passed away and willed them a property. Maybe they wanted to sell their home but couldn’t fetch the right price for it, so they had to rent it out until the market improved. Just today, we got a call from an owner whose property had been declared a historic landmark, so he couldn’t remodel it to sell at the price he had hoped. Regardless, what they share in common is that they’ve come into possession of rental property without having studied or prepared for becoming a landlord.     

It’s possible for a new rental owner to find a natural knack for management and decide to devote their time to managing their own properties. But for the uninitiated, this article will lay out the two most common mistakes accidental landlords make managing their own property — and how to avoid them.

Written by Apartment Management Magazine on . Posted in Blog

Five Things To Remember When Deciding To Do A 1031 Exchange

BY Dwight Kay & The Kay Properties Team

A 1031 exchange is a legal way for investors to defer their capital gains taxes on the sale of real estate held for investment or business purposes. It allows one to defer taxes on a property sale as long as they follow specific 1031 rules and guidelines. In other words, you have the potential to keep all your profits working for you with the purchase of your next investment property, without the IRS coming after you looking for their share of the pie. Here are five things to remember before a 1031 exchange.

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7 Reasons You Might Want to Refinance Your Apartment Loan

By Nick Schoch

Many apartment investors don’t like debt, so rather than refinancing, they would prefer to pay off their loans. Why get a new loan when you’d prefer to have no loan? If that describes you, you may want to reconsider. Used wisely, debt is a powerful tool that can help you reach your short- and long-term investment goals. Let’s take a look at seven challenges and how refinancing can be a solution.

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How to Time Manage like a Boss with Rental Properties

By Nicole Seidner

Owning and managing a rental property can be a dream job! You can make money by letting people occupy space, you still get paid when you’re on vacation, and all problems are solved easily between the average work hours of nine and five.

Well, two out of three isn’t bad, right?

Written by Apartment Management Magazine on . Posted in Blog

How to read your property tax bill

By Jon Coupal

Californians are keenly aware that we bear a heavy tax burden.

Progressives claim that the tradeoff is low property taxes, but that’s just not the case. California ranks 17th out of 50 states in per capita property tax collections. What can be said about Proposition 13 is that it has made property taxes reasonable, not low.

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It’s said that happiness is smiling when the sun’s out, but joy is dancing in the downpour. While Sacramento is raining down the legislation, it’s hard for many landlords to find joy in the rental business. But what about the landlord tasks in your rental business that spark joy in your life (or don’t)?

Written by Apartment Management Magazine on . Posted in Blog

After several fits and starts, the battle over the defense of Proposition 13 began in earnest last week as progressive interest groups began gathering signatures for their new and hardly improved ballot measure to impose a multi-billion dollar “split roll” property tax on Californians. These same tax-and-spend interests had already qualified a previous version of their initiative for the 2020 ballot until they realized that it was full of drafting errors and were forced to try to replace it.

Written by Apartment Management Magazine on . Posted in Blog

Many 1031 exchange investors researching Delaware Statutory Trust (DST) properties are looking to find out if the DST 1031 concept is “too good to be true”. What’s not to like about mailbox money from a management-free piece of real estate, that is prepackaged and easily closed on in 3-5 days? Well, understanding potential Delaware Statutory Trust problems and things that can go wrong is something that every investor must be aware of before making any investment decisions.