News: Posts by Mike Nemeth

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By Jonathan Heller For CAA News SAN DIEGO – The California Apartment Association’s San Diego Division has joined forces with the Downtown San Diego Partnership to reduce homelessness in the coastal city’s core. CAA presented a check for $15,000 Thursday night to Partnership President and CEO Kris Michell in support of the Partnership’s “Make Change Count” and “Work Your Way Home” initiatives, which seek to end homelessness downtown. Whitney Benzian, executive director of CAA’s San Diego Division, said his organization is proud to raise money for such a worthy cause, especially with such a track record for delivering results. “Homelessness… Read More

Tagged: San Diego

The deadline is just one week away for those needing to register for the California Apartment Association’s CCRM webinar series. Students have until noon, Friday, April 4, to register for the first class, Preparing the Property & Professional Leasing Skills. Preparing the Property & Professional Leasing Skills, like the other eight courses in the series, will be presented in two 90-minute segments. The first half will be webcast at 1:30 p.m. on Tuesday April, 8, and the second half at 1:30 p.m. Thursday, April 10. Students must complete both to obtain course credit. Teaching the course is Tony Souza, Sequoia… Read More

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The California Apartment Association will take to the airwaves this Saturday on a real estate talk show out of Fresno. Welcome Home Radio will feature Stephanie Babb and Steven R. Hrdlicka. Babb has been executive director at CAA Fresno since 2004. She is responsible for local board management, government relations, event planning and membership development. Hrdlicka, an attorney, represents owners and managers of rental properties in Central California. He has successfully handled thousands of eviction and collection lawsuits. He also sits on the CAA Fresno board. The guests will discuss a wide range of topics, from how CAA helps landlords… Read More

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Starting with taxes for 2013, a 3.8 percent Medicare tax applies to net investment income for some. Net investment income is net investment after deductions properly allocable to that income. The Medicare tax applies to investment income exceeding one’s “modified adjusted-gross income.” That threshold is $250,000 for married taxpayers filing jointly; $125,000 for married taxpayers filing separately; and $200,000 for all others. Investment income includes income earnings from interest, dividends, royalties, rents, and net gains from the disposition of property. It does not include income derived in the ordinary course of a trade or business. Individuals whose rentals show either… Read More

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Once again, a legislative proposal threatens to tax different types of parcels at different rates. The de facto split-roll parcel tax comes from SB 1021 by state Sen. Lois Wolk, D-Davis. SB 1021 would allow 1,043 school districts to levy unlimited tax increases on select property owners through non-uniform parcel taxes. This would essentially overturn current law, as well as a court ruling, that say parcel taxes must apply uniformly. The bill would provide numerous ways to vary tax rates. For example, school districts could split parcel tax assessments within a district based on characteristics such as the size of… Read More

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Question: I want to rent out our condominium (we are buying a new house), and I need to know how much I can charge for a security deposit. Can I also charge a cleaning, pet and key deposit? Answer: California law limits the amount of a residential security deposit to twice the amount of the monthly rent if unfurnished, or three times the amount of the monthly rent if the property is furnished. The legislature recognizes all deposits as a security notwithstanding how the parties are identifying it. All deposits, taken together, cannot exceed these limits. Question: The lease for… Read More

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Question: I want to serve a three-day notice to pay rent or quit to a tenant who is very late on his rent. The rental amount listed on the lease is $875 plus $25 for parking. The tenant has paid the $900 for the past 24 months. Which amount should be placed on the notice? Answer: It is safer to serve a separate three-day notice to pay rent or quit, as well as a three-day to perform conditions and covenants or quit for the parking charge at the same time. If they do not pay either one, or both, you… Read More

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WEST COVINA – The California Apartment Association helped derail a rental inspection program here Tuesday that would have unfairly charged fees to landlords already taking good care of their properties. The West Covina City Council voted 3-2 to dismiss the proposed inspection program after hearing from several rental property owners, as well as Tim Johnson, executive director of CAA’s Inland Empire division (AAGIE). “This is a major victory for our members, who would’ve paid a blanket fee and an $18-per-unit fee on an annual basis,” said Johnson, who worked closely with CAA’s Los Angeles division to prevent the charge. “Some… Read More

Tagged: Greater Inland Empire

Expand your rental housing skills this spring, all from the comfort of your home or office.  In just two weeks, the California Apartment Association will launch its springtime property management webinars. You can take individual courses or the series in its entirety and qualify to become a California Certified Property Manager. The CCRM courses run from April 8 through June 26. Classes will be webcast from 1:30 p.m. to 3 p.m. on Tuesdays and Thursdays. This allows property management staff to take the classes in the office and during normal working hours. Each of the series’ nine courses is divided… Read More

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  The California Apartment Association will hold a charity gala this spring to reduce homelessness in Orange County. CAA’s South Coast division will hold the inaugural gala Wednesday, May 21, at the Disneyland Hotel in Anaheim. CAA has partnered with Orange County United Way to both reduce homelessness and ensure that children have permanent, quality places to live. “With our support, Rapid Rehousing will be able to help get kids and their families out of unstable housing situations, from shelters, motels, or living with too many people in an apartment, into their own apartments they can call home,” said Melinda… Read More

Tagged: Orange County