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General Membership Meeting
Sponsored by:
General Membership Meeting
Tuesday, April 20, 2021 • 7–9 p.m.
Technology Trends in the Multifamily Space
Please Note:
This meeting will be presented online via Zoom. Advanced Registration is Required. www.AAOC.com
Technology is becoming more accessible, more affordable, and more appealing to multifamily communities of all sizes and classes. Find out how you can make technology work for you — from online property marketing, leasing and fraud protection, to security monitoring and access, to smart apartment conversions that provide you with greater control and an enhanced residential experience for your tenants. Hear from the technology pros and have your questions answered.
Panelists:
Online Marketing
Ronn Ruiz
Apartment SEO
Security Monitoring
Jeannete Mendez
ADT Multifamily
Smart Apartment Technology
Mira Melek
Arize Smart Apartments
Fraud Protection
Gabe Jones
CheckPoint ID
As an AAOC member, you also receive representation from our affiliate associations, the National Apartment Association and California Rental Housing Association. www.AAOC.com
have accumulated from April 1, 2020 through March 31, 2021 will be paid 100 percent of cost, limited to a total of 12 months.
Owner and/or renter applications must include specific information.
Once an application has been fully processed, the owner and the tenant will be notified regarding the status of the application.
Applications will be accepted on an ongoing basis, not on a first come, first served basis. In our case, local government is to accept and process the application, not the state of California. Part of the process is to assess eligibility. Does the tenant qualify? The first priority will focus on tenants having an income at or below 50% of the area median income.
So, first things first. Find out if you are eligible. Second, amass the paperwork and information you will need to apply.
For owners who have one or more eligible renters, you will be reimbursed for 80 percent of each renter’s unpaid rent, as noted, if you agree to waive the remaining 20 percent of their rent during that period.
Owner’s must use all payments from this program to satisfy the renter’s unpaid rent. Renters must take steps to verify that they meet eligibility requirements and sign the application.
Before applying, owners will need copies of one of the following: • Property deed(s) • Mortgage statement(s) • Property tax statement • Copy of a property insurance
May we suggest that any confidential element should not be provided. Thus, the safest of the four previous requirements is the property tax statement. It is a matter of public record.
If you have 10 or more tenants, there is a special form to complete.
There are other elements that you would expect to complete when applying for rental assistance, which include: • Statement identifying the owner or the agent who has legal authority to lease the property. Once again, may we suggest that if you are the management company, you do not need to provide a copy of the actual management agreement.
Evidence that you are the management company should simply include a short statement which is signed by the owner. • A completed IRS W-9 form.
Government will report the rental assistance payment to the IRS as income.
– State issued program ID with license
– Government issued library card – Utility statements from the utility provider • To verify ownership, one of the following: (please choose carefully as previously noted):
– Property deeds – Mortgage statement – Property tax statement – Insurance (face page) • To verify rent, one of the following: – A current signed lease which identifies the unit and rent payment amount (please redact all confidential information) – In the absence of a lease, evidence of the amount of rental payment may include: > Bank statements (there is a significant concern of providing a copy of bank statements) > Check stubs or other documentation that shows a pattern of paying rent. > Written attestation by an owner who can be verified as the legitimate owner or manager of the premises.
The application process should be understood prior to submission. Processing can take as little as 10 days. The entire program must issue checks to owners by August 1, 2021.
AAOC recently presented informational webinars on the COVID-19 federal and state rent relief programs that were recorded and are available for on-demand viewing. Please contact AAOC to request access, so you can get the background information and a stepby-step explanation of the programs and how they work.
Are you ready to apply? If you have tenants who qualify, it is definitely to your advantage to do so — and quickly.
Are you looking for a particular product or service? We can help!
Visit our Service Provider Directory beginning on page 51 for the resources you need!
Ron Kingston is President of California Strategic Advisors and Legislative Advocate for the Apartment Association of Orange County. For questions regarding this article, please call AAOC at (714) 245-9500.
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