$8.99

By simply searching the Internet, one can find a variety of websites selling fake pay stub templates. All the purchaser has to do is download the template and simply “fill in the blanks” entering in any information they desire. Some sites even offer a choice of different template styles and colors along with options to generate W2s as well. Other sites have a 24-hour support team to walk one through the process and answer any questions.

A fake pay stub can be generated in only a few minutes and they can look very authentic. Say, for instance, that your rental is listed at $1,500 per month and you require a 3-1 income to rent ratio. The applicant can simply generate a pay stub showing their actual employer with a listed income of $4,500 per month or more regardless of what they make.

It’s All Legal!

It’s not illegal to create fake pay stubs. It is, however, illegal to provide them to anyone as proof of income. As soon as one is provided to obtain housing, apply for a loan, to evade taxes or to avoid paying child support, then that is fraud, which IS against the law. •If the employer is unable to verify income via telephone, ask the applicant to sign an authorization and verification of employment form. An applicant who has submitted a fake or falsified pay stub will most likely not be willing to do this. Big red flag!

•Credit reports will sometimes show a place of employment, so be sure to look for that on all of your ordered reports.

Fake Pay Stub Consequences

Using fake pay stubs to defraud can lead to serious legal issues. There are fines that could total more than $1 million and they could even face jail time. If you suspect an applicant has submitted a fraudulent pay stub, contact an attorney or the Federal Trade Commission at 1-877-FTC-HELP. 1-877-ID-THEFT, or online at www.ftc. gov.

Patricia Harris is the Senior Editor or the Apartment Owners Association News and Buyers Guide. Permission to reprint: Reprinted with permission of the Apartment Owners Association of California, Inc. http://www.aoausa.com

How to Spot Fake Pay Stubs

These sites actually inform the person creating one several ways that others can spot a fake pay stub, offering even more suggestions to overcome being detected. Below are some examples: •Spelling errors •Forgetting to replace a “generic” entry such as date of birth or occupation •Digits and decimal points not lined up properly •No clear difference between the letter o and the number 0 •Too many numbers rounded up to zero that look unrealistic •Illegible and hard to understand •Miscalculations of federal and other withholdings •Poor printing quality or formatting

Use Proper and Thorough Screening

During your screening process, be certain to verify income in ways other than the pay stub. Let the applicant know that you will be checking employment references- if they object, there’s your first red flag.

•Always check employment references by speaking directly with their employer and/or the personnel department of the company.

How to Handle Maintenance Issues in a Pandemic

CONTINUED FROM PAGE 6

unless you know all of the risks. Try to find a solution to the problem without exposing yourself to legal issues. Furthermore, make sure that the tenant’s AC is set up properly and not creating mold or water damage from the condensation exit. Do not allow window AC units to hang off second story windows.

Conclusion

What has changed since the pandemic? The procedure to change a garbage disposal has not changed. The tools and parts are the same. The appointments, personal protective equipment and attitudes have changed. With the rental market turning on its head, tenants are now in charge. Landlords should do reasonable upgrades to the apartments while the units are occupied. If a landlord can get a tenant to renew for one year by installing new appliances in the unit (at a cost less than one month without rent), that is a good decision.

Disclaimer: I hold a Real Estate Broker and CA General Contractor’s license. However, I am not a lawyer, or CPA. Each owner’s situation is individual and unique. I recommend you consult with your legal or tax professional for advice that fits your situation. The information given in this article comes from a practical perspective. We love all our clients, tenants and fellow landlords. If apartments are operated properly, owners, tenants and landlords are all on one team. This article is written from the viewpoint of the landlord. For more information, contact Robb Chiang, CEO or RC Real Estate at www. AptsManager.com 408-646-4218 or chiangtrust@gmail.com

People Are Spending Money Because of Low Interest Rates

It is estimated 4%-7% of home equity is being spent in some of the following areas: •Home improvements. •General spending. •Business capital. •Baby boomers are paying off homes and planning on using savings for retirement. •Retirements/long term care (Baby boomers). •Lots of remodeling activity (especially for those working at home). •Furniture purchases are at a very high level.

Business Growth Remote Work is Here to Stay

•About 7% of the work force worked from home before the pandemic, that jumped to 25% during the pandemic. This is forecasted to adjust closer to 10% after the pandemic and slowly grow to 15% over the next five years. •We are the number 2 state in the union for the ability to work from home. That gives strength to the Oregon economy. •Hood River and Bend have some of the highest number of people working from home in the nation. •After the Pandemic we can expect employees to be working from at the office 1 – 2 days a week, with a focus on remote work. •Some employees may choose to work out of local coworking spaces rather than commuting to the office.

•Hard to track. •According to KGW 10% of the restaurants in Oregon have closed due to COVID. PPP and outdoor dining have helped the rest limp by. •Liquor licenses for restaurants are at about 98% renewal rate to 92% renewal of liquor licenses through the fall. •New start-ups show strong business formation activity. https://sos.oregon.gov/business/Documents/businessreports-current/1220.pdf

Oregon Construction Outlook

•Rise in single family construction will offset the loss in multifamily construction for 2021 – 2022. •Tight budgets for government agencies will limit public building construction. •Demand is for Industrial buildings, but not for office or retail. This may slow down the construction demand cycle. •Fewer businesses going under bodes well for Oregon business stability.

Population Growth

•People move for jobs, with Covid, we have fewer job opportunities and see less in-migration. •Oregon’s ability to attract and retain working-age households is expected to remain intact. •Home sales data is very strong. •2020’s will be a strong decade for home ownership due to changing demographics. •Millennials are growing into home ownership; Generation Z will be moving into apartments. •Not a lot of growth in apartment demand in the next 10 years because the Gen Z demographics are similar to Millennials who are moving into homes. •Fewer apartments will be built in PDX due to tighter COVID related lending standards and city regulations. •Interest rates may increase in 2022 vs 2023 due to inflation fears, and the expectation for a strong rebound of the economy.

Low Birthrate Forecast

•The working cadre between the ages of 25 – 64 show demographic slowdowns •After the pandemic there will be a severe shortage of

Interest Rate Expectations

•The Federal Reserve will keep rates at near zero till the end of 2021. •Interest rates may go up in 2022, and a little more in 2023 because of the economic stimulation and the expected inflation caused by government borrowing needs.

Forecasted State Revenues

•According to the Oregon Office of Economic Analysis, tax revenues are higher than expected, and there is no longer a huge revenue hole. •There is no recessionary hole in the budget from a revenue perspective, but five years of revenue being forecasted as flat. •Lodging taxes in Portland are down 80% while in Bend only 10%. •Vice revenue is doing well; alcohol and marijuana taxes are up. •Lottery revenue has stayed stable in this COVID-19 driven recession.

Why is DST Real Estate a Popular 1031 Exchange Option?

Just Ask a Few Oregon Landlords.

A 1031 Exchange into DST real estate helped these landlords meet their objectives. By selling their rental property and investing in three DSTs, they avoided paying 37.7% in gains tax while increasing income potential, diversifying risk, and eliminating active property management.

Before 1031: Landlords After 1031: DST Property Investors

Sold Rental Property. Performed a 1031 Exchange. Deferred $423K in gains tax. Invested in 3 passive management 1031 DST properties with monthly income potential.

Whole Ownership Rental Property Fractional Ownership in Institutional DST Properties

Example and pictures are for illustrative purposes only and are intended to show types of institutional properties that DST Sponsors seek to own. It does not constitute open or closed offerings. Individual results may vary.

1031 EXCHANGE

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INVESTING IN DELAWARE

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Learn more about 1031 Exchange DST property investments and fractional real estate ownership. Speak to a licensed 1031 Advisor at Real Estate Transition Solutions by calling 503-946-5656.

This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. There are material risks associated with investing in DST properties and real estate securities including liquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. DST 1031 properties are only available to accredited investors (typically have a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last three years) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney. Real Estate Transition Solutions offers securities through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services through Concorde Asset Management, LLC (CAM), an SEC-registered investment adviser. Real Estate Transition Solutions is independent of CIS and CAM. The company depicted in the photographs herein may have proprietary interests in their name and trademark. Nothing herein shall be considered an endorsement, authorization or approval of RETS, CIS, and CAM or the investment vehicles they may offer, of the aforementioned company. Further, none of the aforementioned company is affiliated with RETS, CIS, and CAM in any manner.