Californians Should Be Skeptical Of Creating A ‘Right To Housing’ California Capital News Presented by CalRHA Page 43 Page 10 From the Publisher of July 2023 Property Insurance Survey Share Your Stories About Property Insurance Rate Increases and Policy Cancellations See Page 15
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SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 3 newmanwindows
LICENSE #570472
2023 EXECUTIVE OFFICERS
President
Vice President
Todd Henderson, Independent Owner
Secretary
Natasha Howell, Independent Owner
Treasurer
Buck Buchanan, Independent Owner
Legislative Chair Greystar
Immediate Past President
Lucinda Lilley, CPM®, CAPS®, GRI®,
Bridging In uence
2023 DIRECTORS
Abigail Rex, CPM®, ARM®, American Assets Trust
Alex Winborn, H.G. Fenton Company
Jay Lopeman, CAS®, AZP Multifamily
Jennifer Ford, Douglas Allred Company
MAGAZINE STAFF
Publisher Apartment News Publications, Inc. Design & Layout Travis Watson, Production Director Editorial Review Lindsey Lee, Marketing Manager
ASSOCIATION STAFF
Alan Pentico, CAE, Executive Director apentico@socalrha.org 858.278.8070
Olivia Galvez, Director of Business Operations/Operational Advice ogalvez@socalrha.org 858.751.2217
Molly Kirkland, mkirkland@socalrha.org 858.751.2200
Kim Zebroski, kzebroski@socalrha.org 858.751.2220
Lindsey Lee, Marketing Manager llee@socalrha.org 858.751.2218
Alma Macias, Operational Advisor amacias@socalrha.org 858.278.8070
&
Kimmi McBryde, Mark Feinberg, Heinz & Feinberg
Matt Ruane, Liberty Military Housing
Scott Ledesma, Generation Contracting & Emergency Services
Shannon Kelly, Independent Owner
Braden Haycock, Education Manager bhaycock@socalrha.org 858.751.2219
HONORARY LIFE ADVISOR
Wesley Harker
Our Address
Southern California Rental Housing Association
Toll Free: 888.762.7313
Fax: 888.871.5229 socalrha.org
Southern California Rental Housing Association Rental Advisor Magazine is published by the San Diego Multi-Housing Corporation (SDMHC) a wholly owned subsidiary of the Southern
the author's views and do not necessarily represent those of the Southern California Rental Housing Association or SDMHC.
All rights reserved. Materials may not be reproduced or translated without prior written permission by the publisher. Contact the Southern California Rental Housing Association at 858.278.8070 or visit socalrha.org for more information.
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4 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
Aiesha Blevins, Greystar Cushman
Wake eld
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 5 Apartment Management Magazine is published monthly by Apartment News Publications, Inc. at 15502 Graham Street, Huntington Beach, CA 92649. Subscription Rate: $24.00/year with zip codes beginning with 900-935, (outside of L.A. & Orange counties $72.00/year.). The publisher and Apartment News Publications Inc. assume no responsibility for opinions expressed in articles appearing under an author's name. The contents of this publication may not be reproduced without written permission from the publisher. Bulk rate postage is paid at Bell Post Office BMC, 5555 Bandini, Bell, CA 90201. For Advertising Information: 1-800-931-6666 PRESIDENT’S MESSAGE: CELEBRATING OUR COMMUNITY . . . . . . . . . . . . . . . . . . . . . . . . . . 7 By Aiesha Blevins EXECUTIVE DIRECTOR’S MESSAGE: ON THE RADAR – PROPERTY INSURANCE 9 By Alan Pentico, CAE CALIFORNIA CAPITAL NEWS 10 By California Rental Housing Association PROPERTY INSURANCE SURVEY 15 By Southern California Rental Housing Association RETROFITS REDUCE EARTHQUAKE RISKS 16 By Ali Sahabi IN CASE YOU MISSED IT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 By Southern California Rental Housing Association WHO SHOULD DO SWIMMING POOL MAINTENANCE AT YOUR PROPERTIES? 32 By YardiBreeze 5 WAYS TO BUILD WEALTH WITH A 1031 EXCHANGE DST 37 By Austin Bowlin, CPA CALIFORNIANS SHOULD BE SKEPTICAL OF CREATING A ‘RIGHT TO HOUSING’ IN THE STATE CONSTITUTION 43 By Jon Coupal CHOOSE GARDENS OVER LAWNS FOR A HEALTHIER COMMUNITY AND PLANET 46 By Livable CALENDAR OF UPCOMING COURSES & EVENTS 24 PROPERTY MANAGEMENT DIRECTORY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 SUPPLIER MEMBER DIRECTORY 53 ADVERTISING DIRECTORY 57 APARTMENT NEWS PUBLICATIONS, INC P O Box 3089 Seal Beach, CA 90740 www aptnewsinc com (714) 893-3971 FOUNDER : Don Smeallie, Sr . PRESIDENT: Don Smeallie, Jr PRODUCTION DIRECTOR: Travis Watson production@aptnewsinc com CREATIVE DIRECTOR: Sean Buur sean@aptnewsinc .com OFFICE ADMINISTRATOR: Jessica Watson admin@aptnewsinc com Need to update your address or wish to be removed from our mailing list? Please email us at admin@aptnewsinc .com FEATURED COLUMNS: Volume 65 Number 07 July 2023 Who Should Do Swimming Pool Maintenance At Your Properties? By: YardiBreeze Pg. 32 Choose Gardens Over Lawns for a Healthier Community and Planet By: Livable Pg. 46
OUR VISION
Reenvisioning quality housing for all OUR MISSION
To create a thriving rental housing community through advocacy, education, and collaboration
SCRHA Housing Provider & Resident Rights and Responsibilities
As members of the Southern California Rental Housing Association, we are partners in creating a thriving community by providing quality rental housing for all We value our residents, our fellow members, and our community and are working to support a healthy housing ecosystem through advocacy, education, and collaboration.
As housing providers, we believe we have the responsibility to provide California renters with:
Quality housing with habitable and healthy living conditions. Freedom from arbitrary eviction, retaliation, or discrimination in line with all federal and state fair housing laws
Fair and equal resident protections and policies that balance the needs of renters, housing providers, and the community
A voice in housing decisions with respect and access equal to that of housing providers
An innovative and collaborative housing ecosystem where government, businesses, housing providers, and rental advocates work together to solve the region’s housing issues by identifying the underlying problems and crafting balanced solutions
Adherence to housing quality and equity standards and regulations
All California renters also have a responsibility to their housing provider to:
Review and follow rental agreement terms, including timely rental payments
Maintain a clean and habitable home
Be a good neighbor by respecting others’ peace and quiet. Provide timely reporting of any issues and necessary repairs. Keep open lines of communication with the property owner or manager
6 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
SOCALRHA.ORG
Aiesha Blevins
President’s Message: Celebrating Our Community
Ihope this letter finds you in good health and high spirits As we reach the midpoint of the year, I want to take a moment to express my gratitude for your support and engagement with the Southern California Rental Housing Association .
As I look back on the first half of 2023, I know that the dedication and commitment of our members has been instrumental in our accomplishments to date . I know that it has been a challenging year for housing providers, but our united advocacy efforts have secured significant changes in proposed laws at all levels of government . Even though much has been done this year, there are still proposals to be dealt with and now is not the time to step away or disengage .
Your engagement, whether through attending our events, participating in educational seminars, or volunteering your time and expertise on a committee, has been the cornerstone of our accomplishments . It is through your active involvement that we have been able to foster a vibrant and thriving community that fuels collaboration and outreach .
While it’s critical that we come together to speak as one voice to our elected officials, it’s also important that we take time out of our busy schedules to strengthen the professional relationships that are the foundation of the
rental housing community .
Southern California Rental Housing Association has added new social events to the calendar to give our members a chance to connect with one another in a fun and relaxed setting . The summer started strong with the Golf Classic on June 2 and the Temecula Wine Tasting on June 20 . Be sure to check out the pictures on social media or page 20 of this magazine!
I hope that you’ll join us on August 24 for Hawaiian Nights with tropical drinks and the spirit of aloha And save the date of September 14 for Taco Night with SCRHA! Event details can be found online at socalrha org or by emailing info@socalrha .org!
While I’m looking forward to these new additions to our events calendar, I want to remind you that we are now in the nomination period for the for the Mark of Excellence with the awards ceremony on December 1 at Sycuan Casino Resort The Mark of Excellence Awards honor the outstanding achievements of rental housing professionals . Reserve your seat or become a sponsor for this event that sells out each year!
Thank you once again for being an invaluable member of our association . I eagerly look forward to seeing you at our upcoming events .
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 7
2023 President Southern California Rental Housing Association
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Alan Pentico, CAE Executive Director Southern California Rental Housing Association
Executive Director’s Message: On
the Radar – Property Insurance
While we have been tracking property insurance rate increases and policy cancellations carefully over the past year, we are hearing from more and more members who are directly impacted by this critical issue . With the news that more companies are no longer writing policies in California, this issue is a top concern for Southern California Rental Housing Association and our statewide partner, CalRHA
SCRHA and CalRHA have been working with legislators and the California Insurance Commissioner’s office. With the formal withdrawal of major insurers from the California market, we’ve stepped up the pressure and sent a letter to Insurance Commissioner Lara urging him to take necessary steps to stabilize California’s property insurance market .
This letter urges Commissioner Lara to take several steps to ease the cost burden of property insurance to help make housing more affordable. Some of these steps include asking Commissioner Lara to support state and local funding for wildfire mitigation, ensure the FAIR plan has adequate reserves and reinsurance to cover losses, and speed up the adjudication of insurance rate filings. We will be scheduling a meeting with the governor’s office in the near future and the insurance issue will be a major focus of our conversation .
Please read the letter in full on page 14 of this magazine and look for additional updates and action alerts from SCRHA and CalRHA as we continue to advocate for our members on this vital issue .
Between the letter and press statement, CalRHA is publicly driving the call for elected officials to take action . The bottom line is we cannot continue to provide affordable quality housing in the face of
excessive insurance premium hikes If you haven’t already, please complete a short insurance survey at https://socalrha info/survey The information collected will be used to help share your stories with lawmakers .
Over the past few years, we’ve seen what’s possible when the rental housing community comes together and speaks with a unified voice. Now is the time for us to take action on this issue that will affect all property owners in California
If you have a story to share or want to know how to help, please email us at info@socalrha .org or at 858 .278 .8070 .
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - 9
C APIT O L N E W S California
We are now halfway through the legislative process for this year, as the deadline to pass out of their house of origin was June 2nd . CalRHA had several wins with bills held in the Appropriations Committees, as well as on the Senate Floor . Fortunately, SB 395 (Wahab, D-Fremont) - Statewide eviction database, which dealt with requiring landlords to report all evictions to a new statewide eviction reporting database was held on the Senate Suspense file. Additionally, SB 594 (Durazo), which would have required corporations to disclose the names and complete business or residence addresses of any beneficial owner, was also held on the Suspense File in the Senate
Last week on the Senate Floor, we were able to hold SB 466 (Wahab), which would have repealed major protections afforded to the state’s rental housing providers under the Costa-Hawkins Rental Act of 1995 and expand local rent regulations SB 466 stalled with only 15 votes, 6 short of the 21 needed to pass . This was a huge victory for the industry . However, the Senate passed SB 567 (Durazo), which CalRHA was opposing, as it makes changes to just cause evictions . SB 567 passed with the minimum 21 votes . Therefore, we will continue to advocate against that bill in the Assembly
ADDITIONAL LEGISLATION CALRHA CONTINUES TO LOBBY
AB 12 (Haney, D-San Francisco) - Tenancy:
Security Deposits - OPPOSE - Would prohibit a landlord from receiving a security deposit for a rental agreement in an amount in excess of one month’s rent, regardless of whether the residential property is unfurnished or furnished . AB 12 passed the Assembly and is pending a hearing in the Senate Judiciary Committee.
AB 309 (Lee, D-Milpitas) - Social HousingOPPOSE - This bill would define “social housing” for purposes of the Zenovich-Moscone-Chacon Housing and Home Finance Act, and make findings and declarations relating to social housing and would state the intent of the Legislature is to further the Social Housing Act to address the shortage of affordable homes by developing housing for people of all income levels, prioritizing low-income households . AB 309 passed the Assembly and is pending a hearing in Senate Housing, as well as Governance and Finance Committees.
AB 1317 (Carillo, D - LA) - Unbundled ParkingOPPOSE - Would require the owner of residential real property that provides parking with a residential unit to unbundle parking from the price of rent (“unbundled parking” selling or leasing parking spaces separate from the lease of the residential use) . CalRHA has had productive conversations with the author’s office and is considering amendments. AB 1317 passed the Assembly and is pending referral by Senate Rules.
AB 1505 (Rodriguez) - Seismic Retrofitting for Multifamily Housing - SUPPORT - Would state the
Please turn to page 13
10 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
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AUGUST 24, 2023
Soak up the tropical vibes and embrace the spirit of aloha at the inaugural SCRHA Hawaiian Nights!
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12 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
OF
PROPERTY?
ADVISOR April 2022 socalrha.org | 17
“ ARE YOU DONE WITH THE HEADACHES
RENTAL
CALL YOUR LOCAL DST
Continued from page 10
intent of the Legislature to appropriate $250,000,000 for Seismic Retrofitting of soft story multifamily housing . AB 1505 passed the Senate and is pending referral by Senate Rules.
SB 267 (Eggman, D-Stockton) - Credit History of Persons Receiving Government Rent Subsidies - OPPOSE - Would prohibit the use of a person’s credit history as part of the application process for a rental housing accommodation without offering the applicant the option of providing alternative
evidence of financial responsibility and ability to pay in instances in which there is a government rent subsidy and would require that the housing provider consider that alternative evidence in lieu of the person’s credit history . SB 267 passed the Senate and is pending referral in the Assembly, likely to Judiciary and Housing Committees.
SB 569 (Glazer, D-Orinda) - Renters’ Tax Credit - SUPPORT - Would require FTB to recompute the renters’ tax credit for inflation. SB 569 passed the Senate and is pending in the Assembly.
We’re Taking a Load Of f of A par t ment Ow ners and Property Managers.
As always, CalRHA will keep you informed as these bills make their way through the Legislature . We will be sure to send out Calls to Action when we are at a pivotal juncture and your involvement could help determine the outcome .
The remainder of the legislative calendar for the year is as follows:
• June 15 - Deadline for Legislature to pass budget bill
• July 14 - Last day for policy committees to meet and summer recess begins
• August 14 - Legislature reconvenes from summer recess
• September 1 - Last day for fiscal committee to pass bills to the Floor
• September 8 - Last day to amend bills on the Floor
• September 14 - Last day for bills to pass the Floor in the second house
• October 14 - Last day for Governor to sign or veto bills
Policy Update from CalRHA.
CalRHA is SCRHA’s state lobbying partner.
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 13
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June 12, 2023
The Honorable Ricardo Lara California Insurance Commissioner 300 Capitol Mall, Suite 1600 Sacramento, CA 95814
Dear Insurance Commissioner Lara,
On behalf of the California Rental Housing Association (CalRHA), I am writing to express our deep concern about the rising cost of insurance and the increasing number of insurers leaving the California market.
CalRHA is a statewide trade association representing over 24,000 apartment owners and managers who provide housing to over 675,000 Californians. Our members include small, medium, and large apartment owners and managers from all over the state.
As you know, the cost of insurance has been rising steadily in recent years. This is due to a number of factors, including the high cost of claims, the increasing risk of wildfires, and the state's complex regulatory environment.
The rising cost of insurance is making it difficult for apartment owners to afford coverage. This is particularly true for small apartment owners, who often have limited resources.
In addition, the increasing number of insurers leaving the market is making it more difficult for apartment owners to find affordable coverage. This is because there are fewer insurers competing for business, which reduces choice and leads to higher prices.
The rising cost of insurance is impacting apartment owners and renters in a number of ways. As operating costs increase, a significant portion of those cost increases are often passed on to California residents.
• Increased costs: Rising insurance rates may force apartment owners to increase rents in order to cover the cost of insurance. This makes it more difficult for people to afford housing, especially in high-cost areas.
• Reduced investment: Rising insurance rates are making it less attractive for investors to invest in apartment buildings. This is leading to a decrease in the supply of housing, which is driving up prices even further.
14 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
• Increases in deferred maintenance: Rising insurance rates mean there is less money available for all the vendors involved in maintaining apartment complexes. This could mean reduced landscaping, longer wait times on non-emergency repairs, and reduced access to amenities.
We do not claim to be experts on the insurance marketplace, but we believe that when ca rriers such as State Farm, Allstate, Farmers Insurance, Nationwide, and American International Group (AIG) choose to minimize their presence in California, that is a clear signal that the market is not functioning properly.
CalRHA is urging you to take urgent action to stabilize California’s insurance market. We believe that the following steps are necessary:
• Please lend your voice in support of maintaining and increasing state and local funding for wildfire mitigation This would help to reduce the number and severity of wildfires, which would in turn, reduce the cost of claims for insurers while also saving lives and protecting property
• Make sure the FAIR plan has adequate reserves and reinsurance to cover losses and is offering rental housing providers with limited options the very lowest rates possible.
• Speed up the adjudication of insurance rate filings so there is regulatory certainty, and it is easier for insurers to do business in California.
We believe that these steps are necessary to protect the health and safety of Californians and to ensure that apartment owners have access to affordable insurance.
Thank you for your time and consideration.
Sincerely,
Earle Vaughan President, California Rental Housing Association (CalRHA)
CalRHA has been working with legislators and the California Insurance Commissioner's office. With the formal withdrawal of major insurers from the California market, we've stepped up the pressure and sent the attached letter to Insurance Commissioner Lara urging him to take necessary steps to stabilize California's property insurance market .
Between the letter and press statement, CalRHA is publicly driving the call for elected officials to take action. The bottom line is we cannot continue to provide affordable quality housing in the face of exorbitant insurance premium hikes .
To help advance our cause, we ask that you fill out the short insurance survey at CalRHA insurance survey (https://bit . ly/CalRHA-Insurance-Survey) . Lawmakers need to hear your stories!
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 15
SCRHA members log in to socalrha.org to view the complete survey
RETROFITS REDUCE EARTHQUAKE RISKS
by Ali Sahabi, Optimum Seismic
Asking “what’s the worst thing that could happen” is the best way for apartment owners to begin preparing to prevent costly earthquake losses that could lead to bankruptcy
Imagine you wake up tomorrow to terrible shaking Within hours you learn the apartment buildings you worked for throughout your life have partially collapsed . There are serious casualties among your tenants It will obviously take a long time to repair or rebuild How much money will you lose?
This scenario is not unrealistic . When it comes to earthquakes, you can assess potential damage based on past experiences, identify the near-misses or “thank goodness it didn’t happen here” episodes and search out the best ways to mitigate those possibilities before they strike .
Gordon Woo, a theoretical physicist and resident catastrophist at Risk Management Solutions, is an expert in such analysis .
This approach is develops foresight by studying events that could have turned out much worse. “It’s not that you’ll know when something will happen; you just know that something is a possibility,” he told the seismic hazard modeling company Temblor .
Catastrophe risk modeling began in the 1980s with the advent of affordable computers and has since grown in size and sophistication, Woo wrote in Frontiers in Earth Science in 1999 In the paper, he cited an EgyptAir pilot’s deliberate 1997 crash into the Atlantic as an example .
He suggests that had analysis been done to determine worst-case scenarios from that event, (the
Please turn to page 19
16 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
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Continued from page 16
pilot flew out of JFK airport), the possibility of a plane crashing into a populated area of Manhattan might have emerged as a more real possibility years before 9/11 happened .
Is Southern California going to experience a “worst case” earthquake calamity in the next few years. No one can exactly predict the future, but experts believe our region is long overdue for such a quake
RISKS FACING SAN DIEGO
Serious risks facing the San Diego area have been identified in recent years.
San Diego’s Rose Canyon Fault runs right through the middle of the city — from the Silver Strand to La Jolla — snaking its way under lofty skyscrapers, commercial districts and apartment buildings that draw tens of thousands of people each day
Seismologists agree that Rose Canyon, while relatively inactive, has the capacity for a 7 .0-magnitude quake – larger and more destructive than the Bay Area’s Loma Prieta quake and the Northridge quake .
When a Rose Canyon earthquake strikes, colossal damage is estimated at between $124 million and $13 billion . That’s because many of the buildings in this city were constructed long ago, based on outdated and less effective building codes.
That’s why the California Geological Survey ranks San Diego as one of the state’s top 10 areas for projected loss from an earthquake .
Act now to protect your apartment building, tenants and investment Visit optimumseismic com to arrange for a complimentary property assessment or call us at 833-978-7664 .
Recently appointed to Los Angeles Mayor Karen Bass’ Transition Team, Ali Sahabi, previously received the California Governor’s Environmental and Economic Leadership Award for taking a sustainable approach toward community development and environmental restoration in the 543-acre Dos Lagos mixed-use development in Corona, CA A licensed General Engineering Contractor (GEC), Sahabi is an expert in building resilience and sustainability . He is Co-Founder and Chief Operating Officer of Optimum Seismic, Inc ., which has completed more than 3,500 structural retrofit and adaptive reuse projects for multifamily residential, commercial, and industrial buildings throughout California .
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Thanks to All Who Participated and Sponsored
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SAN DIEGO REGION’S SPRING 2023 SURVEY RECORDS SLIGHT INCREASE IN VACANCY, LEVELING OF RENT INCREASES
Southern California Rental Housing Association’s (SCRHA) Spring 2023 Vacancy and Rental Rate Survey recorded a slight uptick in the availability of rental units . At the same time, countywide, rent increases compared to last year increased a modest 4% . However, survey results show that rents in the City of San Diego have decreased slightly since Spring of 2022 . The SCRHA’s Spring 2023 Availability Index Survey (AIS), a separate survey that asks the Association’s 25 largest members with the most rental units to provide data on unit vacancies and notices to vacate, also recorded an increase of available rental units .
The San Diego Region saw an overall increase in the vacancy rate, ticking up to 3 .9% compared to 1 .25% in Spring 2022 The City of San Diego vacancy rate rose to 2 .64% from .94% last year .
The availability of more units seems to be reflected in rents as well . While region-wide rents increased an average of 4%, from $2,247 in 2022 to $2,338 in 2023, the rents recorded in just the City of San Diego decreased about 1 6% The average City of San Diego rent recorded in the Spring 2022 was $2,303 compared to $2,266 reported in Spring 2023 .
The latest numbers in the 2023 Spring Survey reveal
again that while rental demand still remains high, the data seems to point to a leveling out of rents
Southern California Rental Housing Association has used its Vacancy and Rental Rate Surveys to track rental and vacancy rate data in the San Diego Region since the 1950s Surveys were mailed to approximately 6,000 San Diego rental property owners and managers this past March SCRHA received responses representing approximately 9,000 units . Housing provider owners and managers were asked to record information about their rental units such as rental rates, the number of bedrooms, squarefootage, age, location of the property, if the property is a condominium, single-family or apartment unit, and if the unit was unoccupied on a specific date.
The data recorded from each Vacancy and Rental Rate Survey is unique and varies The data from the surveys are dependent on the number of responses and information provided by SCRHA members and non-members. While it may be difficult for housing providers to determine market trends in the San Diego region’s rental housing market, SCRHA surveys remain vital resource providing information on all rental unit types in the region The SCRHA recommends rental housing professionals review the data of nearby cities and zip codes in the current and past SCRHA and SDCAA surveys and use other rental housing resources to track rental and vacancy rates .
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 23
CALENDAR Register at socalrha.org
July 17
Register for events and classes online at socalrha.org. Please note, that all in-person classes
Register for events and classes online at socalrha.org. Please note, that all in-person classes
Questions? Contact us at events@socalrha.org or 858.278.8070
Questions? Contact us at events@socalrha.org or 858.278.8070
July 13
10:00A -
Level II HVAC Electrical
Are you new to the rental housing industry? Have you been doing this for years but still have questions? This is the perfect workshop for you! This class will take you through the entire leasing process, using our suite of forms as a reference
IROC: Forms ICON
July 19
Legislative Update
Join
July 26
10:00A - 11:00A
10:00A - 11:00A
Mandated Reporting Of Elder And Dependent
This presentation provides mandated reporters the legal requirements for reporting elder and dependent abuse
24 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
2 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM7
CALENDAR
Adult Abuse Seminar
5:00P
ICON KEY 8:30A -
ICON KEY
KEY
11:00A
This course teaches the fundamental and advanced skills of troubleshooting residential and commercial HVAC electrical system problems. us for an overview of pending legislation and the potential impact of these bills on the rental housing industry.
August 21
August 21
eat Maintenance Team
SCRHA Member Orientation
August 24
Hawaiian Nights
Tips & Tricks for a Great Maintenance Team
Tips & Tricks for a Great Maintenance Team
Maintenance is the backbone of every successful business. Businesses with maintenance teams that are slow to us to lear n tips & tricks that will help you eliminate these issues.
Maintenance is the backbone of every successful business. Businesses with maintenance teams that are slow to adapt to new ways of working for themselves with increasing production costs and ever-decreasing profitability. Join us to lear n tips & tricks that will help you eliminate these issues
21
Don’t miss out on this chance to network in style while enjoying the laid-back charm of Hawaii Mahalo and see you there!
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 25 SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 3
8:30A - 5:00P
successful business. Businesses with maintenance teams that are
eliminate these issues 8:30A
5:00P
ICON KEY
slow to you
-
ICON KEY
6:00P
9:00P
-
ICON KEY
5:00P
8:30A -
ICON KEY
12:00P - 1:00P
July 27
how to maximize the value of your membership during a virtual orientation on Thursday, July 27, 2023 8:30A - 5:00P August
6:00P - 9:00P
24
ICON KEY
Discover
August
Welcome New Members
PROPERTY MANAGERS
Oakleaf Apartments
INDEPENDENT OWNERS
8865 Promenade North Place
Anabel Ortega
Brill
Carolyn Moser Company
Claudia Pelayo Co
Dessie M. Sprague Irrevocable Trust DTD, 061191
Karen Hodel
Kastner Investment Partners, LLC
Kimber Williams Company
La Jolla Park East Apartments
Laurie Jo Elliott
Michael Humkey Company
Miguel and Yalonda Sinclair
Robert Ketts
Vince Garcia Company
Westland Partners, LLC.
SUPPLIERS
All Dry Services of San Diego
Landcare Logic
RAMM Restoration
Realtor.com
26 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6 10 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM7
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 27
I n Ca s e You Mi s sed I t !
L egi s la t i v e Up d ates from SCRH A
Oceanside Votes to Create Program to Assist with Screening Fees
In mid-June, the Oceanside City Council directed educate housing providers and renters about Reusable Tenant Screening Reports(RTSRs) and to create a pilot funding program. SCRHA months to explain the screening process and why mandating the use of RTSRs would negatively impact the industry. SCRHA encouraged education and outreach since the RTSRs law is still very new, and the reports don’t include some items that housing providers screen for as part of their rental criteria. The pilot program will provide funding for lower income families who may
properties. SCRHA is committed to assisting the city with education and outreach.
Rent Increase Figure Now Available for Imperial County
Figures Now Available for Rent Increases
Effective August 1, 2023
or Later
The CPI information necessary to calculate max rent increases for properties subject to the California Tenant Protection Act (AB 1482) is now available. The San Diego region will continue to be limited to no more than 10% (change in CPI = 5.3%) while Riverside County will have a max increase of 9.6% (change in CPI = 4.6%). Rent
August 1 or later will be limited to no more than 9.2%. The state recently provided the numbers needed to calculate the max increase.
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 29 1 MARCH 2023 - APARTMENT MANAGEMENT MAGAZINE AMM7
30 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6 SMIB Management REAL ESTATE TYPES Residential / Commercial Residential Rental New Construction ENTITY TYPES Self Employed Individual Investor LLC Partnership C Corp S Corp YOU MAKE WHEN USED CORRECTLY. How Can We Help? OUR TEAM • Enrolled Agents (EA) • Valuation Analysts (CVA) • Legal Experts • Contractor Experts • Accounting Experts • Crypto Experts 8030 La Mesa Blvd Ste # 608 La Mesa, CA 91942 (619) 592-2594 www.smibmanagement.com
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 31 REAL ESTATE INVESTING CAN PRESENT MANY CHALLENGES AND RAISE UNEXPECTED ISSUES 8030 La Mesa Blvd Ste # 608 La Mesa, CA 91942 (619) 592-2594 www.smibmanagement.com SMIB Management Giving You The Edge Every Day As a Real Estate Pro Your Buyer/Seller May Not Have all the Answers to their Questions/Concerns • Free Consultation • Free Evaluation • Free Analysis Let us help you to help your client. We can find many ways to help a buyer/seller use the tax rules to their advantage. Call Us Today Visit Our Site www.smibmanagement.com KEEP THIS FLYER Let’s sit down and look to how we can work together to give you the edge in every deal! Your clients will thank you for saving them tens of thousands in taxes! Decades of Experience in Real Estate Tax Issues (619) 592-2594
Who Should Do Swimming Pool Maintenance At Your Properties?
by By Max Glassburg, Yardi breeze
Swimming pools are an excellent addition to any resident retention strategy, but they take a lot of work to keep clean The pH and chlorine levels need to be checked several times a week, the surface needs to be skimmed weekly, filters need to be cleaned monthly, etc . Let’s take a look at multifamily and single family residences and explore who’s responsible for pool maintenance at each property type
WHO IS IN CHARGE OF SWIMMING POOL MAINTENANCE AT A SINGLE FAMILY HOME?
Residents of single family homes need to know who is responsible for swimming pool maintenance Is it their responsibility or yours? In some leases, the resident assumes responsibility for daily, weekly and monthly maintenance . Other times, the property manager handles the work and includes the cost in
the rent . To avoid conflict, it’s important that residents know what maintenance they are paying for by including the details in their lease .
That means property managers must ensure residents understand their leases . Go over the pool section with them You may also want to create a digital reference document or scan a paper one and upload it to your tenant portal
Periodic maintenance (done annually or every few years) is important for swimming pool safety but sometimes gets left out of leases . For instance, a lease may cover who is in charge of draining and refilling the pool, but does it include who is responsible for the higher water/heating bill when this task is done? Be sure not to miss the details .
Pro tip: Periodic maintenance tends to be expensive and time-consuming . Residents are unlikely to agree
Please turn to page 35
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SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 33
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*Based on tests conducted by manufacturers.
forward-thinking. Now, Gen Z is not as concerned with recreation or downtime at the office, rather a financial investment in their future. However, stock options and a standard 401(k) won’t cut it when they are actually searching for “student loan assistance, tuition reimbursement, and maternity and paternity benefits.” This generation values a work-life balance and is highly optimistic for the future, so these types of benefits will not only attract but also encourage them to stay and take advantage of these opportunities.
Continued from page 32
to do these jobs if the terms aren’t clear in the lease
HIRE A POOL MAINTENANCE SERVICE
You can make things easier by hiring a service to handle all routine pool maintenance This way, your tenants don’t have to worry about it, and your owners can rest easy knowing their property is being properly maintained . If you manage several homes, you may be able to work out a good deal with a local pool company . The expense can be billed back to the owner and should be considered when calculating the rent
WHO IS IN CHARGE OF SWIMMING POOL MAINTENANCE AT A MULTIFAMILY RESIDENCE?
Gen Z job seekers cite a company’s commitment to diversity as an important factor in deciding whether or not to accept an offer.” Here it is very important for a company to talk the talk and walk the walk. Diversity and inclusion cannot just be a phrase in your company’s mission statement or a committee that meets once a quarter. This dedication needs to be seen in initiatives like asking one’s pronoun preference, adequate accommodations for those who are differently-abled, policies to ensure fair and equal pay, etc.
They Want to See Diversity and Inclusion
This highly educated, highly diverse generation is craving a passion and dedication to diversity and inclusion from their employers. As a result, “86% of
Usually, the property manager schedules all maintenance and cleaning . Residents in multifamily homes are not directly responsible for swimming pool maintenance . Of course, the cost of maintenance is divided amongst all renters at the property . However, it’s important to post safety and terms-of-use signs in the pool area . Residents need to know that they are swimming at their own risk
Property managers are responsible for safety and pool maintenance, but tenants still share some
accountability . They must obey no-diving and running rules, wear appropriate footwear, keep the gate locked and so on As long as the rules are clear and they’ve signed off that they understand them, property managers should be able to avoid blame in the event of an accident or violation .
USE YARDI BREEZE TO UPDATE YOUR SWIMMING POOL ADDENDUM
feel if it’s a right fit, the offer should be made. “Nearly one in five Gen Zers expect a job offer one week from the initial phone screen. The majority expect an offer within two weeks.” Whether this expectation is realistic or not, companies that make an actionable change to speed up their hiring process will win top Gen Z talent.
*Statistics pulled from Yello
In addition to figuring out who is in charge of swimming pool maintenance, property managers may want to create a pool addendum with a lawyer Well-placed caution signs may not cover you in the event of an accident or injury This might be more expensive than writing it yourself, but it will cost a lot less than a lawsuit
They Want an Offer, and They Want it NOW
If you’re a Yardi Breeze user, you can give your residents access to your pool addendum through the tenant portal .
Standard HR procedures make it difficult to establish a hiring committee and follow the correct protocol when extending an offer. Gen Z wants no part of that. They
Please note that our swimming pool maintenance advice does not constitute or replace legal advice. Advice related to the coronavirus may not reflect real-world conditions as the pandemic situation changes. We hope this information is helpful, and we encourage you to do more research.
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 35 Management Companies Utilizing NAA Click & Lease: Available Over Streamline your process with default community settings, reporting & e-signatures. Integrates with your current Property Management Software. No need to naahq.org/lease Simply and e ciently generate legally compliant leasing documents to better serve your residents. april2022.indd 2 5/3/2022 12:40:19 PM
Generation Name Birth Years Baby Boomers 1946-1964 Gen X 1965-1980 Millennials 1981-1996 Gen Z 1997-2012 24 | Southern California Rental Housing Association Rental Advisor April 2022
36 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
(619) 867-1713
5 WAYS TO BUILD WEALTH WITH A 1031 EXCHANGE DST
BY AUSTIN BOWLIN, CPA, PARTNER AT REAL ESTATE TRANSITION SOLUTIONS
Internal Revenue Code section 1031, which establishes the transaction structure referred to as a 1031 Exchange, is one of the most advantageous sections of the US tax code
A 1031 Exchange allows for the deferral of taxes when investment property is sold in conjunction with the purchase of another replacement property The tax savings alone is reason enough to justify a 1031 Exchange —
but there are secondary benefits that can often be even more valuable .
As a wealth-building tool, a 1031 Exchange gives investors access to a property’s appreciation to increase buying power without a tax penalty . Armed with more buying power, investors can purchase quality assets, expand their portfolio, diversify into new property types, and even adopt a new
Austin Bowlin, CPA is a Partner at Real Estate Transition Solutions (RETS), a national real estate investment advisory firm specializing in 1031 Exchange strategies and Delaware Statutory Trust investments . As Chief Exchange Strategist, Austin leads the firm’s team of licensed 1031 Exchange advisors and analysts . His work focuses on tax analysis, developing tax-deferral strategies, legal entity re-structuring, co-ownership arrangements, 1031 replacement property options, and Delaware Statutory Trust investments Austin serves as an advisor and an advocate for owners of highly appreciated real estate He has extensive subject matter expertise and is a monthly contributor of educational articles to a variety of investment property owner focused publications Additionally, he regularly presents webinars and at conferences on 1031 Exchange strategies and Delaware Statutory Trust (DST) investments
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 37
ownership strategy
The ability to defer capital gains tax over a lifetime of real estate transactions enables you to methodically build wealth for yourself and pass on that wealth to your heirs – who may ultimately pay minimal tax or no tax on the stepped-up cost basis .
1031 EXCHANGES
Under Section 1031 of the tax code, investors can complete a “like-kind” exchange to defer payment of capital gains taxes on the sale of investment property when the proceeds from the sale are used to purchase a new investment property . The IRS has a broad definition of like-kind In this case, likekind is defined as real property held for business or investment purposes . The broad scope gives investors the flexibility to exchange investment property into most other real estate investments, even if the replacement property is of a different property type, quality, or location .
The IRS has strict deadlines for the exchange transaction . First, investors must declare their intent of performing a 1031 Exchange before the close of their sale by opening an Exchange with a Qualified Intermediary . Additionally, the exchanger must identify potential replacement property within 45 days from the sale of the relinquished property Finally, the purchase of the replacement property must be completed within 180 days from the sale .
The IRS does not limit the number of 1031 Exchange transactions an investor can perform, allowing investors to defer capital gains taxes in perpetuity . Investment property owners will only pay capital gains taxes when a gain has been realized, meaning the investor has pocketed the proceeds from the sale
5 WAYS TO BUILD WEALTH WITH A 1031 EXCHANGE DST
Many real estate investors use 1031 Exchanges for reasons beyond tax savings . Exchanges allow investors to change their investment strategy and respond to new market fundamentals, trends, and demand drivers . Here are five ways a 1031 Exchange can help grow your portfolio and build wealth:
1. Defer Capital Gains Tax to Maximize ROI Equity
Deferral of taxes is the most significant financial benefit of a 1031 Exchange transaction Capital
gains taxes have the potential to reduce sales proceeds significantly Currently, The Federal longterm capital gains tax rate is 15% for investors with an annual income (including the gain associated with the sale) of $40,000 to $441,450 and 20% for investors with an annual income above $441,451 . Also due on sales is the often-overlooked Federal depreciation recapture tax of 25% . Lastly, many sales will also be subject to the 3 8% Net Investment Income Tax
Most states also charge a capital gains tax or apply their ordinary income tax rate to the gain and accumulated depreciation . For example, California investors can pay as much as 13 . 3% in additional state tax Other states such as New Jersey, Oregon, and Hawaii also have high tax rates above 10% . This means you could pay up to 42 .1% in capital gains taxes on the sale of an investment property However, by utilizing a 1031 Exchange, you can defer these taxes and roll the deferred tax into purchasing another investment property, increasing your buying power and thus the cash flow generated from the replacement property
2. Build Wealth by Increasing Buying Power
A 1031 Exchange transaction gives investors access to their properties’ appreciation while deferring taxes, thus increasing buying power . Exchange proceeds can be leveraged to purchase more significant properties, higher-quality properties, and properties located in desirable markets with the potential for improved returns . The transaction has the potential to both increase income on the investment as well as the value of an investor’s property holdings . It also gives investors the ability to gain exposure to properties that will decrease the risk profile of a portfolio
3. Diversify Holdings to Reduce Risk
Like-kind exchanges allow investors to purchase any real estate held for business or investment purposes, even if the replacement property is a different property type than that which was sold and exchanged For example, investors can exchange from multifamily property to office or retail property to industrial. The broad definition of “like-kind” is especially useful for investors looking to diversify their portfolio or maneuver an investment strategy to gain exposure to a growing market For example, an investor might sell a retail asset and exchange it for an industrial property to respond to the increasing
Please turn to page 41
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SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 39
6 | Southern California Rental Housing Association Rental Advisor July 2021 Response 18 | Southern California Rental Housing Association Rental Advisor April 2022
griswold
San Diego (38428)
trend toward e-commerce, or an investor with an office portfolio might exchange into multifamily and retail assets to diversify their portfolio and mitigate risk . Diversification is especially important following the pandemic, which was a catalyst for significant changes to real estate In addition, with uncertainty in the market, prudent investors often hedge against potential downside through diversification .
4. Consider New Investment Strategies
Generally, real estate investors purchase assets through a fee-simple ownership structure in which a single investor has complete ownership or control of a property Fee-simple ownership means that all the benefits of ownership and all the challenges— such as asset management, property management, and repair costs— are the owner’s responsibility Investors looking to reduce daily management responsibilities might consider exchanging feesimple property for Delaware Statutory Trust property The Delaware Statutory Trust ownership structure allows investors to purchase fractional ownership of a large institutional quality real estate asset or portfolio of properties and receive a prorata share of the income related to the ownership interest . The ownership structure qualifies as likekind property for a 1031 Exchange . It gives real estate investors the freedom to exit the day-today responsibilities of property ownership while simultaneously deferring the taxes that would otherwise be due . DSTs aggregate investment capital to own large institutional-grade assets; thus, investors gain exposure to premium assets they would otherwise not be able to afford on their own .
The benefits of a 1031 Exchange are many . From deferring capital gains taxes to making strategic adjustments to a portfolio, an exchange transaction is perhaps the most important tool available to a real estate investor .
5. Build Generational Wealth by Eliminating Tax for Beneficiaries
Another benefit of a 1031 Exchange, including ownership of Delaware Statutory Trust properties, is that it allows for a “step-up in basis” upon the passing of an owner, which eliminates the deferred capital gains, depreciation recapture, Net Investment Income Tax, and state-level taxes on inherited property. A “step-up in basis” refers to the IRS’s elimination of deferred taxes upon the death of an owner. In “community property” states, a
surviving spouse receives a full step-up in basis, as do beneficiaries such as children or grandchildren when inheriting property
From an estate planning standpoint, 1031 Delaware Statutory Trusts (DSTs) are a particularly attractive solution . They can be seamlessly divided among beneficiaries without forcing a co-management situation – whether that be family, charities, or any other beneficiaries Furthermore, because DSTs are considered illiquid and owned as a non-controlling interest, an investor’s CPA can discount DSTs when calculating total estate value upon death It is not uncommon to see discounts ranging from 20%30% for estate valuations . The discount reduces the overall estate value to calculate estate tax that may otherwise be due
THE BOTTOM LINE
1031 Exchanges are a very effective tool for real estate investors looking to transition their properties into replacement property that is more consistent with their financial and lifestyle objectives Additionally, DST real estate has become increasingly popular because of their benefits and provide investors with flexible options to help address an owner’s objectives . If you are considering a 1031 Exchange and would like to learn more about 1031 DST replacement property, contact Real Estate Transition Solutions and speak to one of our licensed 1031 Exchange Advisors Call us at 888-744-9839
The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell securitized real estate investments. Such offers are only made through the sponsor’s Private Placement Memorandum (PPM), which is solely available to accredited investors and accredited entities. Examples are for illustrative purposes and not representative of future results. There are risks associated with investing in real estate properties, including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies, and illiquidity. Because investor situations and objectives vary, this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your situation. Delaware Statutory Trust 1031 Exchange (DST) properties are only available to accredited investors (generally described as having a net worth of over $1 million exclusive of primary residence) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your Certified Public Accountant and Attorney. Securities are offered through Aurora Securities, Inc. (ASI), a member of FINRA/SIPC. Advisory services are offered through Secure Asset Management, LLC (SAM), a registered investment advisor. ASI and SAM are affiliated companies. Real Estate Transition Solutions (RETS) is independent of ASI and SAM.
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 41
Continued from page 38
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Californians Should Be Skeptical Of Creating A ‘Right To Housing’ In The State Constitution
By Jon Coupal, Howard Jarvis Taxpayers Association
California voters may soon have to decide whether to enshrine a “right to housing” in the state constitution .
Assembly Constitutional Amendment 10 provides, in its entirety:
“The state hereby recognizes the fundamental human right to adequate housing for everyone in California. It is the shared obligation of state and local jurisdictions to respect, protect, and fulfill this right, on a non-discriminatory and equitable basis, with a view to progressively achieve the full realization of the right, by all appropriate means, including the adoption and amendment of legislative measures, to the maximum of available resources.”
If you’re wondering what this proposed constitutional right would actually accomplish, you’re not alone Previous “right to housing” proposals have either failed to pass or been vetoed by Governor Newsom for lack of specificity.
At its most superficial level, if the law merely states that everyone should have a roof over their head, there’s little debate over that self-evident proposition . But the real question is whether this somehow creates an enforceable obligation for government to provide housing to all who want it In other words, would this amendment create a “private right of action,” a question which lawyers frequently confront when interpreting statutes or constitutional amendments
The short analysis of ACA 10 prepared by the Legislative Counsel merely observes that “the California Constitution [already] enumerates various personal rights, including the right to enjoy and defend life and liberty, acquiring, possessing, and protecting property, and pursuing and obtaining safety, happiness, and privacy.” But is this “right to housing” the same as the historical rights with which we are so familiar?
More fundamentally, what is a “right?”
Americans are most likely to be familiar with the Bill of Rights, comprised of the first ten amendments to the United States Constitution . Even a cursory reading of these amendments reveals that they are specific
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 43
prohibitions on governmental power For example, the First Amendment prohibits Congress from making laws establishing religion or abridging freedom of speech The Second Amendment prohibits Congress from abridging the right to bear arms, and the Fourth Amendment safeguards citizens’ right to be free from unreasonable government intrusion in their homes through the requirement of a warrant
Thus, the Bill of Rights reflects the fundamental nature of true rights which are limitations on government
What is not included in our historical understanding of “rights” are “rights” to goods or services provided by others . For example, progressives like to claim that everyone has a “right” to health care. But this would necessarily entail that some other person either pay for the medical services – through taxes – or be required to provide the service without payment .
Let’s be clear here By suggesting we should hesitate to declare a “right” to health care or, for that matter, to housing, does not mean that, in a well-ordered civil society, we shouldn’t provide an adequate safety net to those less fortunate . California can create the most robust welfare state imaginable – if it hasn’t already –without declaring all the benefit therefrom as “rights.”
The danger in creating a society where everything is a “right” is that it becomes difficult if not impossible to know when to stop
For guidance, perhaps we should return to First Principles – the rights as understood by the Founders of the Republic. That is, that true “rights,” also known as natural rights, are prohibitions against government interference in our lives so that we may live as freely as possible in our pursuit of happiness .
If rights include those things that can only be paid for by the forced redistribution of wealth by our government, doesn’t that necessarily violate the rights of those whose property is taken?
California needs to tread carefully in declaring rights to public services Taken to its logical conclusion, we’ll be left with no rights at all .
Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). HJTA, with offices in both Los Angeles and Sacramento, is the largest taxpayers association in California with a membership of over 200,000 Founded by the late Howard Jarvis, the author of Proposition 13, HJTA’s name is synonymous with tax relief and the uncompromising defense of the California homeowner
44 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6 The
Use an SCRHA member first to invest in businesses that support a thriving rental housing community! w w w S o C a l R H A o r g Scan the code to connect with SCRHA Supplier Members!
SCRHA Business Directory of Suppliers is where you'll find the products and services you need to run a successful rental business.
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 45
CHOOSE GARDENS OVER LAWNS FOR A HEALTHIER COMMUNITY AND PLANET
Contributed by the Livable Content Team
Single-family homes, duplexes, multifamily complexes and businesses have traditionally fought for idyllic lawns with the aim of causing envy among neighbors and passersby . But at Livable, we think we have a better idea!
It’s time to level up and consider trading the battle of lawn envy for a healthier, more colorful and more sustainable option: building a garden Replacing lawns with gardens is a fantastic option for a better environment and overall way of living . Check out our reasons for installing a garden over the manicured grass, plus suggestions for the kind of garden you could opt for Now is the time to start planning for an amazing garden this summer!
GARDENS ELIMINATE THE NEED TO MOW
Trade the hassle of lawn mowing for good! Utilizing what was lawn space as a community garden offers a more diverse landscape and eliminates the laborious chore of mowing This saves you and the hassle of purchasing and storing a lawn mower! Not having to use a mower will also reduce energy dependency on things like gas and electricity for the beautification of a property By swapping your lawn for a garden, you will conserve energy in a number of ways for yourself and the environment .
GARDENS REDUCE THE NEED FOR POISONS AND TOXIC FERTILIZERS
The amount of poisons required to maintain a
Please turn to page 49
46 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
Livable is dedicated to conserving water and other natural resources while helping independent rental owners get more from their investments . To learn more about Livable’s innovative cost recovery solutions and educational initiatives for residents, visit livable .com/apn .
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 47 April 2022 socalrha.org | 33
perfectly manicured green space for your neighbor’s envy isn’t worth the impact it has on your health and the environment Planting flowers, fruit and vegetables that are native to the area means they’re more likely to grow healthily without a ton of extra fertilizers that can seep into the ecosystem and cause algae blooms and other environmental problems .
While you may opt for pesticides in your new garden, the number of poisons placed in the ground and tracked inside on your shoes is greatly reduced by choosing the garden option . Eliminating the use of poisons also fosters richer and healthier soil: what’s good for the earth, is good for you! There are plenty of safer alternatives to pesticides such as neem oil and essential oils like peppermint, thyme and rosemary .
EDIBLE GARDENS PROVIDES FOOD
Naturally, a vegetable garden is pleasing to look at in its colorful glory, but it also provides a community food source as well Filling your forgotten lawn with nutritious foods that can be added to your salads, casseroles or soups is a much better option for long term health and well being
Not enough room for carrots, potatoes or a pumpkin patch? Consider planting an herb garden in smaller lawn spaces . They take up a lot less room and are ideal for raised beds and window box-style planters Enjoy the taste and health benefits of fresh herbs in your home cooking and in specialty cocktails Growing herbs is a lot cheaper and more efficient than buying small, overpriced bundles at the supermarket .
A FLOWER GARDEN SUPPORTS A HEALTHIER ENVIRONMENT
A flower garden is only colorful, fragrant and appealing to the eye It also creates a healthier living space for the overall community in a multitude of ways Flowers can help fight urban heat, decrease pollution and clean the air . Additionally, flower gardens are an excellent way to support the environment and foster wildlife by rejuvenating local bee populations and aid in the effort of pollination . Without bees, none of us get to eat – supporting their well being supports ours .
ROCK GARDENS AND XERISCAPING REDUCE WATER USE
If you lack the time or green thumb required of a flower or edible garden, consider installing a rock garden . The simple, Zen rock garden option offers a welcoming and pleasant landscape and reduces
the need for daily watering . Rock gardens are great for any climate and extremely low maintenance once installed They can also add diversity in a larger space that allows landscapers to combine different garden types The rock garden is a year-round space for your tenants to enjoy the tranquility and peace of the outdoors Just add a bench or two! Choosing to replace your lawn for a rock garden greatly reduces expenses incurred by the lawn maintenance of water, electricity and pesticides
Xeriscaping, which just means designing a landscape that requires little to no irrigation, is another low-water option . In communities in the Southwest, for example, many communities have ended regulations requiring expensive, water-wasting lawns . Homeowners can now plant gardens of cacti and other local indigenous plants that don’t need water beyond what they draw in from the air, soil and rainfall .
GARDENS FOSTER COMMUNITY
Whether you’re a property owner, manager or simply a private homeowner, swapping a crisp lawn for a lush garden organically fosters community among residents, neighbors and visitors . Gardens have a special way of naturally bringing people together as they encourage communities to share in conversing, gathering, exchanging, cooking and working together They have also been shown to increase the emotional well-being of humans in a matter of minutes .
Whatever type of garden you choose, invite neighbors and friends to participate in building and visiting your garden for a greater sense of community . Encourage your residents to share in the labor of love that comes from growing their own food and herbs Make it a group project!
Choosing a garden, no matter the kind, is a simple solution with a massive impact on conservation . Gardens offer a better way of life in a myriad of ways including healthier eating, more diverse landscapes, soil enrichment, wildlife support and happier communities . Make the change from lawns to gardens this spring and be sure to share the benefits you experience and enjoy through the process
At Livable, we’re a one-stop shop to help you save money on utilities, including costly lawn watering . Contact us today to learn more about how we can help you recover money on master-billed utilities while encouraging your residents to conserve precious natural resources
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 49
Continued from page 46
50 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
655 WB Operating LLC
All Points Real Estate
Alliance Investment Corp
(619)702-0655
(619)298-7724
(858)597-4900
AltaCima Apartment Homes (858)565-8333
American Assets Trust LP
(858)350-2564
Antelope Ridge (Sentinel Real Estate) (951)672-8181
Arbor Terrace
(619)293-3612
Arbors at California Oaks Apartment Homes
(951)461-3264
Asset Property Management . . . . . . . . .
(858)560-9363
F
Five Peaks Property Management (619)814-7505
Foothills at Old Town (951)676-7545
Gables Oak Creek (951)600-9696
Gables Point Loma (619)223-6577
Gables at Alta Murrieta (951)698-0628
Griswold Real Estate Mgmt., Inc (858)597-6100 H
H G Fenton Company (619)400-0120
Hanken, Cono, Assad & Co. ....... . . . (619)698-4770
Heartland Associates Inc. . . . . . . . . . . . . (619)462-2082
HeetWave Properties . . . . . . . . . . . . . . . . (888)557-4338
Holland Partner Group ....... . ...... . (360)940-0251
Horizon Properties Management Service(619)482-3054
Humphreys Residential (619)865-0389
IPI Property Management (858)277-2700
Iconic on Alvarado | BH Management Services (619)286-3990
Income Property Advisors Inc (858)279-1500
Jensen Properties (858)449-7294
Johnston Property Management, Inc (760)944-0703
Paul Langley Company . . . . . . . . . . . . . . (415)431-9104
People Helping Others Prop. Mgmt (619)282-5400
Pierside South | Greystar (760)433-3500
Professional Real Estate Management (619)297-7736
Providence Real Estate Management Corporation (760)525-8705
R
R A Snyder Properties, Inc (619)297-0274
REC Properties| Peasquitos Point Apts (858)484-5047
RG Investment Real Estate Services Inc (858)268-5004
Rehmann Realty Group (619)440-5669
Richman Property Services (813)262-0401
River Oaks |Waterton Residential (760)721-8585
Rohn Properties Management (619)990-7433
Rolling Hills Gardens | Greystar (619)482-7583
S
SD Rent Pros ........ . ........ . . . . . . (619)884-0906
San Diego Housing Commission . . . . . . (619)578-7531
San Diego Realty Services...... . . . . . . (619)713-1044
Sardo Properties (619)405-9418
Scott Management Company (310)370-2696
ScottWay Capital (619)209-3544
Sea West Property Management (760)787-6035
Shapell Properties, Inc (323)988-7590
(619)471-1755 B
Award Property Mgmt
Beard Property Management
Bob Cota Realty
(619)892-8722
(619)465-9934
Book and Ladder ..... . . . ..... .(949)209-8347x0029
Brennan And Associates Inc
Brentwood Management Co
Bridge Property Management
(619)475-2470
(619)220-8595
(801)716-5795
Brycorp, Inc.. . .... . . . ..... . ..... .. . . (619)920-7174
Buchanan Property Management Corp (619)269-0276
CASAVIDA
(858)454-8857
Cambridge Management Group, AMO (619)497-0771
Cardinal Group Management
Chase Pacific Property Management and Real Estate Services
(858)271-8841
City View Apartments|Greystar (619)234-0134
Community Research Foundation, Inc. (619)275-0822
Core Property Group
D
Delta Property Management
(619)399-7279
(619)465-5851
Douglas Allred Company . . ..... . .... . (858)793-0202
Eagle Glen Apartments | Greystar
Elevate SD Properties
Elite Property Management . ....... . . .
Euston Management
(951)461-4565
(619)535-8112
(619)823-3712
(858)793-8899
KFR STAR Realty (619)293-7653
Leonero Properties (619)273-4350
Liberty Military Housing (858)874-8100
Little Italy | Greystar ....... . ......... . (619)677-1799
Logan Property Management ........ . (619)260-5562
Lyon Living ....... . .......... . . . ... . (949)838-1274
MG Properties (858)658-0500
Maya Linda Apartments (858)566-5350
Mira Bella Apartments | Simpson Property Group (858)560-5720
Modera San Diego | Mill Creek Residential (619)500-8509
Noah Realty (858)504-0416
Oakleaf Apartments (760)433-9510
Ocean Breeze Apartments|Greystar (619)428-3369
Olympus Property (858)268-8858
Pacific Commercial Management, Inc (858)450-6886
Parkdale Apartments | Norco Mgmt. Corp. . . . . . . . . . . (760)737-9017
Pasas Properties, Inc........ . ....... . (619)607-7560
South Bay Community Services (619)420-3620
Sudberry Properties (858)546-3000
Summit Realty and Management (619)423-3023
Sun An Sea Property Mgmt (619)298-4160
SunRidge Properties, Inc (858)578-3600
Sunrise Management Company AMO (858)751-1768
T
Team Bourda Incorporated (619)851-3784
Thatcher Properties, Inc (619)286-4250
The Dylan | Afton Properties . . . . . . . . . . (760)439-2752
The Helm Management ........ . . . . . . (619)589-6222
The Premiere Residential, LLC . . . . . . . . (858)455-7711
The Rey Apartments | Berkshire Communities ........ . .......... . .... . . . .. . . . . . . (408)614-5587
Torrey Pines Property Management (858)454-4200 U
UDR, Inc (720)283-6120
Urban Coast Properties, Inc (619)797-6733 V
Valentina by Alta (619)391-2700
VandenBerghe Properties (925)819-1009 W
Whispering Oaks Apartments | Greystar (760)471-1262
Willin Properties (619)298-0500
Z
Zimmerman Property Management (619)546-5361
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 51 SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 5
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forward-thinking. Now, Gen Z is not as concerned with recreation or downtime at the office, rather a financial investment in their future. However, stock options and a standard 401(k) won’t cut it when they are actually searching for “student loan assistance, tuition reimbursement, and maternity and paternity benefits.” This generation values a work-life balance and is highly optimistic for the future, so these types of benefits will not only attract but also encourage them to stay and take advantage of these opportunities.
They Want to See Diversity and Inclusion
This highly educated, highly diverse generation is craving a passion and dedication to diversity and inclusion from their employers. As a result, “86% of
Gen Z job seekers cite a commitment to diversity important factor in deciding whether or not to accept Here it is very important company to talk the talk the walk. Diversity and cannot just be a phrase company’s mission statement a committee that meets quarter. This dedication to be seen in initiatives asking one’s pronoun preference, adequate accommodations those who are differently-abled, policies to ensure fair and pay, etc.
They Want an Offer, and Want it NOW
Standard HR procedures it difficult to establish a committee and follow the protocol when extending Gen Z wants no part of
52 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6 Low cost financing for Multi-Family1 Apartment properties. Purchase Money, Cash Out, or Construction Financing! 13 or more units to an LLC, Corp, or Partnership – 5 or more units to individuals and other entities. Loans subject to borrower and property qualifications. Brokered originations are not eligible. Other restrictions may apply. All rates, fees, terms and programs are subject to change without notice except as required by law. ©2023 Provident Bank. NMLS #449980. All rights reserved. Member FDIC. REV1222 | 855-217-3541 Since 1956 HOMEGROWN & LOCAL KERRY CANTO NMLS #2050119 Vice President, Commercial Loan Officer (949) 371-1932 | kcanto@myprovident.com
24 | Southern California Rental Housing Association Rental Advisor April 2022 financialadvisors Own Appreciated Investment Real Estate? Aubrey Morrow CERTIFIED FINANCIAL PLANNER™ Practitioner 6 EXIT STRATEGIES FOR HIGHLY APPRECIATED REAL ESTATE Financial Designs, Ltd. 5075 Shoreham Place, Suite 230 San Diego, CA 92122 Phone (858) 597-1980 Fax (858) 546-1106 www.MoneyTalkRadio.com The Financial Advisors Tune In! AM 600 News Talk Radio Saturday at 8am Tune in Saturdays at 8am to AM 600 KOGO radio and learn more at our online WEBINAR Case Study Saturdays@10am and on-demand See www.RentalOwnerWorkshop.com Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory Services offered through Concorde Asset Management, LLC (CAM), an SEC Registered Investment Advisor. Financial Designs is independent of CIS & CAM. This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. There are material risks associated with investing in real estate securities including illiquidity, general market conditions, interest rate risks, financing risks, potential adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal. *as of 12/2022 bd-ld-a-192-2-2023
Marjan Stone (719)651-2041
Cabinets And More (858)231-8532
Qwikkit
(713)540-3205
Surface Experts Central San Diego (858)926-4041
CARPET CLEANING
Cleanology Housekeeping Personnel Service
................................... (619)281-2532
CARPET SALES & FLOORING
J & C Carpet Company . . . . . . . . . . . . . . (619)498-1424
Sid’s Carpet Barn, Inc. ............... (619)477-7000
KJ Carpet Wholesale (909)455-0180
1031 EXCHANGE & TRUST SERVICES
SMIB Management Inc.
ADVERTISING & MARKETING
Apartments.com
Zillow Rentals.......................
SOCi, Inc. ......................
(619)206-5550
(888)658-7368
(206)516-2263
(858)225-4110x103
Zumper ............................
Financial Designs, Ltd.
Apartment News Publications
Effortless Ads
J&J Creative, LLC
APARTMENT BROKERAGE / SALES
(760)264-6429
(858)597-1980
(714)893-3971
(214)952-9862
(760)703-4471
Doug Taber CCIM - Rental Housing Broker
(619)483-1031
APPLIANCE MAINTENANCE & REPAIR
Mr. Appliance of Ramona
APPLIANCE SALES
R & B Wholesale Distributors, Inc.
Western State Design, Inc. ...........
(760)896-4994
(909)230-5400
(510)931-7099
ASPHALT & ASPHALT MAINTENANCE
AMS Paving, Inc.....................
ATTORNEYS-AT-LAW
Heinz & Feinberg
Todd A. Brisco & Associates, APC
Kimball, Tirey & St. John LLP
BACKFLOW TESTING
Pacific Backflow Company, Inc.
San Diego Backflow Testing, Inc.
BALCONY INSPECTIONS
Pacific InterWest
BANKS
Banc of California
First Republic Bank
(858)880-6133
(619)238-5454
(714)634-2814
(619)234-1690
(760)639-4000
(877)363-8378
(657)276-1629
(858)320-8410
(760)525-1679
BATHROOM REMODELING & REFINISHING
American Bathtub Refinishers......... (619)265-9200
BROKERAGE
Doug Taber CCIM - Rental Housing Broker
(619)483-1031
CABINET AND COUNTERTOPS
Grand Design Kitchens
(760)789-0992
C R FLOORING COMPANY (619)748-0015
CLEANING & JANITORIAL SERVICES
Atlas Property Service (858)386-4578
DAPA Janitorial Services Inc. “Customized Cleaning Soultions” (619)221-9292
Pacific Coast Cleaning, Inc. (858)565-1603
Sea Crest Services, Inc. (949)477-4961
SD Construction Cleaning & Janitorial LLC (619)534-1189
TWS Facility Services (888)883-1915
COIN-OPERATED LAUNDRY EQUIPMENT
All Valley Washer Service ............. (800)247-1100
WASH Multifamily Laundry Systems (858)279-1234
Washtek, Inc. ....................... (760)735-2495
PWS Laundry/Alliance (323)490-1868
COLLECTIONS
Kimball, Tirey & St. John LLP (619)234-1690
CONSTRUCTION AND REMODELING
Larry O’Dell Construction (619)501-5252
Matrix Construction Services (951)493-0100
Workright Property Services Inc (858)751-6312
Dexcore Restoration (619)993-3417
Cambridge Maintenance and Property Services, Inc. (619)320-8334
Chameleon Contractors Inc.
McMillin Contracting Services......... (619)401-7000
DECK COATING
Life Deck Coating Installations . . . . . . . . (619)262-8600
General Coatings Corporation . . . . . . . . (619)707-2639
ELECTRICAL CONTRACTORS
Kennedy Electric (619)582-6568
EMERGENCY SERVICE FLOOD / FIRE
ATI Restoration, LLC (619)318-2807
Commercial Restoration Company (720)427-2932
Pinnacle Services - 1 (877)673-9049
All Dry Services of San Diego (858)353-1646
RAMM Restoration (760)807-8743
BELFOR Property Restoration (858)847-9886
ENVIRONMENTAL: ASBESTOS / LEAD / MOLD
Alliance Environmental Group, LLC . . . . (626)633-3500
JJ&S Environmental Services (760)536-3178
EVICTIONS
Kimball, Tirey & St. John LLP (619)234-1690
FIRE EQUIPMENT SALES & SERVICE
Symons Fire Protection (619)588-6364
Bay Alarm Company (858)209-7859
Standard Electronics................. (619)596-9950
FITNESS EQUIPMENT & SALES
Advanced Exercise .................. (303)996-0048
Opti-Fit
FLOOR COVERINGS
(888)601-4350
Redi Carpet Sales of California , LLC (858)576-8400
Star Flooring & Remodeling 619-282-4000
FURNITURE RENTALS
Cort Furniture Rental (858)549-0800
GENERAL CONTRACTORS
BluSky Restoration Contractors, LLC (619)398-0200
Camp Construction Services (713)413-2267
M. C. Contracting Service (619)282-3083
A-S General Contracting (619)379-9410
HEATING & AIR CONDITIONING
Sam’s Heating and Air Conditioning, Inc.(619)697-9824
INSURANCE
Farmers Insurance McWhirter Agency (619)463-7320
Pro Specialty Insurance Services ...... (888)558-4776
Crest Insurance Group (858)547-1128
INTERIOR FINISHES
Four Pillars Lighting, Plumbing & Furniture(619)990-1921
INTERNET SERVICE PROVIDER
Cox (858)836-7582
Quantum Fiber (360)931-9864
KITCHEN REMODELING
McMillin Contracting Services (619)401-7000
LANDSCAPE MAINTENANCE & SERVICE
MSE Landscape Professionals, Inc. (442)257-4229
Pacific Green Landscape, Inc. (619)820-6614
LEAK DETECTION
Cable, Pipe & Leak Detection, Inc. ..... (619)873-1530
LENDERS
Luther Burbank Savings.............. (310)616-0356
MAINTENANCE & REPAIR
Surface Experts Central San Diego (858)926-4041
MAINTENANCE SUPPLY
HD Supply (800)431-3000
AZP Multifamily (888)924-7278
ODOR CONTROL
Aire-Master of Coastal California (858)342-5353
PACKAGE/PARCEL MANAGEMENT SERVICES
Parcel Pending (949)490-6987
PAINT MANUFACTURERS & SUPPLIES
Dunn-Edwards Corporation . . . . . . . . . . (619)884-3866
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 53 SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 7
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. . .
Sherwin-Williams Co.
(714)404-8212
Behr Paint.......................... (951)241-3833
PAINTING
Primus Paint Workx
Pro-Tech Painting Company ..........
(619)738-8022
(858)527-0200
PARKING MANAGEMENT SOFTWARE
Reliant Parking Solutions
PAVING MAINTENANCE
Eagle Paving
PEST CONTROL
Lloyd Pest Control
Payne Pest Management
Kilter Termite and Pest Control
ATCO Pest Control
PLUMBING SUPPLIES
Lixil Water Technology Americas
PROPERTY MANAGEMENT
Wakeland Housing & Development ....
Rowland Realty
(888)977-6848
(858)486-6400
(800)570-2847
(858)277-2228
(714)348-0488
(415)898-2282
(760)215-5803
(619)235-2296
(619)540-2727
PROPERTY MANAGEMENT PERSONNEL
BG Multifamily ......................
InterSolutions
The Phoenix Staffing Company
(619)785-3164
(619)804-2554
(855)222-4136
PROPERTY MANAGEMENT SOFTWARE
Domuso 424.272.1562
SafeRent Solutions
(419)367-7615
RATIO UTILITY BILLING SYSTEMS
Livable (877)789-6027
REAL ESTATE
ACI Apartments Office ............... (619)299-3000
Voit Real Estate Services (858)453-0505
Covest Properties Inc. (760)214-9240
RENOVATIONS & REMODELING
McMillin Contracting Services (619)401-7000
RENT GUARANTOR
TheGuarantors (212)266-0020
REPIPING
National Renovations, LLC - DBA Repipe Specialists, Inc (703)801-8269
RESIDENT SURVEYS
SatisFacts Research (866)655-1490
ROOFING
Commercial & Industrial Roofing . . . . . . (619)465-3737
Sully-Jones Roofing (800)611-3110
A-1 All American Roofing Company (858)537-5177
SECURITY GUARD PATROL
Security First (619)243-3992
Securitas Mobile Guarding (619)214-4919
SECURITY SERVICES
JDS Security ....................... (619)781-8694
Bald Eagle Security Services, Inc. (619)230-0022
ASAP Security Guards (619)750-4542
SEISMIC RETROFIT
Optimum Seismic (562)298-6395
SMART TECHNOLOGY
ADT Smart Communities ............. (714)858-1344
Armada Power (909)730-6509
SUBMETERING / BILLING SERVICES
Conservice Utility Billing & Mgmt (602)481-7440
SUPPORTIVE HOUSING
Brilliant Corners (213)232-0134
TENANT SCREENING
CIC ............................... (800)288-4757
TOWING SERVICES
Western Towing (619)297-8697
WASTE MANAGEMENT
WasteXperts, Inc (206)496-9289
Strategic Sanitation Services (877)271-7909
WATER DAMAGE RESTORATION
Generation Contracting & Emergency Services, Inc. (858)679-9928
Restoration Management Company (858)935-1170
SERVPRO of Sorrento Valley.......... (575)420-3885
Hometown Restoration (858)663-8330
First Onsite 8588805419
Servpro San Diego SW . . . . . . . . . . . . . . (619)643-2145
WINDOWS
Newman Windows and Doors (760)809-8113
SECURE RENTAL FORMS
SECURE RENTAL FORMS
Worried about signing rental documents when you can't meet in person? SCRHA has several ways to electronically share and sign our forms.
Worried about signing rental documents when you can't meet in person? SCRHA has several ways to electronically share and sign our forms.
BlueInk
BlueInk
This gives you access to SCRHA forms in a digital format with electronic signature capabilities.
This gives you access to SCRHA forms in a digital format with electronic signature capabilities.
CIC
information about your applicant, while keeping you compliant with all legal requirements.
CIC information about your applicant, while keeping you compliant with all legal requirements.
socalrha.org
socalrha.org
54 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6
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© Sunan Panyo | Dreamstime.com
Pref e rre d Pa rt n er s
As a member of Southern California Rental Housing Association, you have access to discounts on the products and services provided by our Preferred Partners. Visit
SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 55
socalrha.org
socalrha.org/preferred-partners for details!
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SOUTHERN CALIFORNIA RENTAL HOUSING ASSOCIATION - SCHRA.ORG 57 1031 EXCHANGES 1031 Capital Solutions 12 Financial Designs, Ltd 52 AIR-CONDITIONING AA Feders . . . . . . . . . . . . . . . . . . . . . . . . . 42 Aztec Appliance . . . . . . . . . . . . . . . . . . . . 59 Genie Air Conditioning . . . . . . . . . . . . . . . . . 45 APARTMENT ASSOCIATIONS Southern California Rental Housing Association 6 APPLIANCE SALES AA Feders 42 Aztec Appliance 59 ASPHALT MGB Construction . . . . . . . . . . . . . . . . . . 16 BACKGROUND SCREENING ApplyConnect 18 BATHROOM REMODELING / REGLAZING American Bathtub Refinishers 22 CABINETS AA Feders 42 COIN-OP LAUNDRY SALES Aztec Appliance . . . . . . . . . . . . . . . . . . . . 59 WASH Laundry . . . . . . . . . . . . . . . . . . . . . 33 COLLECTIONS Dennis P Block & Associates 40 COMMERCIAL LENDING Luther Burbank Savings 33 Provident Bank 52 COUNTERTOPS CREDIT CHECKS ApplyConnect . . . . . . . . . . . . . . . . . . . . . . . . 18 DECKING & STAIRS / MAGNESITE / WATERPROOFING Life Deck 52 EARTHQUAKE RETROFITTING & ENGINEERING ADU1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 ENERGY SAVING / REBATES Livable 48 ENGINEERING ADU1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 FINANCIAL / ESTATE PLANNING Financial Designs, Ltd 52 HEATING Aztec Appliance . . . . . . . . . . . . . . . . . . . . . . . . 59 Genie Air Conditioning 45 KITCHEN REMODELING AA Feders 42 LEGAL & EVICTION SERVICES Dennis P Block & Associates 40 PEST / TERMITE CONTROL XTermite 2 PROPERTY MANAGEMENT Griswold Real Estate Management 39 LRS Property Management 36 SMIB Management, Inc 30 PROPERTY MANAGEMENT SOFTWARE YardiBreeze 34 RATIO UTILITY BILLING Livable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 ROOF REPAIRS, MAINTENANCE & INSTALLATION Resilient Roofing 7 SECURITY PATROL American Heritage Protection Services, Inc . . 19 SEISMIC RETROFIT / SOFT STORY ADU1 27 TOWING / PARKING CONTROL / SIGNAGE Western Towing . . . . . . . . . . . . . . . . . . . . . . . 35 TENANT SCREENING ApplyConnect 18 TOILETS/SINKS/FAUCETS AA Feders . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 TRASH HAULING & RECYCLING MANAGEMENT Mattress Recycling Council, Inc 13 UTILITIES REBATES Livable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 WATER HEATERS/BOILERS AA Feders 42 Aztec Appliance 59 WINDOWS & DOORS Newman Windows & Doors 3 SIVAN Windows & Doors 56 Apartment Management Magazine cannot guarantee or be responsible for the products or services offered by advertisers in this publication - AMM 6-1
58 JULY 2023 - APARTMENT MANAGEMENT MAGAZINE AMM6 We all need a little help sometimes. During wildfire season, some of us need a little more help. That’s why SDG&E® is working with 211 San Diego to help provide additional customer assistance if a Public Safety Power Shutoff is necessary. To get connected to community, health, social and disaster services, please call 211 or visit 211sandiego.org. SAN DIEGO GAS & ELECTRIC & 211 PARTNERING FOR YOUR SAFETY © 2021 San Diego Gas & Electric Company. Trademarks are the property of their respective owners. All rights reserved.
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Property Management & Commercial Accounts Welcome
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Providing the Multi-Unit Housing community with value and service
Experienced Associates to assist you with: Brand name products, sales, selection, and service
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Most items available for same- day will call, or order by noon-have it delivered the next day!
4070 Kearny Mesa Road, San Diego, CA 92111
Phone: (619) 236-0616 (ask for Joan)
E-Mail:Joan@aztecappliance.com
Mon.-Fri. 8:30am-5:30pm
Sat. 10am-4pm
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PRESORTED STANDARD U.S. POSTAGE PAID LOS ANGELES, CA PERMIT #1831 APARTMENT MANAGEMENT MAGAZINES ENTITY TYPES Self Employed Individual Investor LLC Partnership C Corp S Corp • Contractor Experts • Accounting Experts • Crypto Experts 8030 La Mesa Blvd Ste # 608 La Mesa, CA 91942 (619) 592-2594 www.smibmanagement.com REAL ESTATE INVESTING CAN PRESENT MANY CHALLENGES AND RAISE UNEXPECTED ISSUES As a Real Estate Pro Your Buyer/Seller May Not Have all the Answers to their Questions/Concerns • Free Consultation • Free Evaluation • Free Analysis Let us help you to help your client. We can find many ways to help a buyer/seller use the tax rules to their advantage. Decades of Experience in Real Estate Tax Issues