Serving the industry since 1958 ApArtment news publicAtions, inc. 15502 Graham Street Huntington Beach, CA 92649 (800) 931-6666 * (714) 893-3971 Fax: (714)893-6484 E-Mail: aptmags@aptmags.com FOUNDER Donn R Smeallie, Sr. PUBLISHER/PRESIDENT Donn R Smeallie, Jr. EDITOR David A. Gale editor@aptmags.com ART DIRECTOR David A Gale production@aptmags.com GRAPHIC ARTIST Jordan Smith js@aptmags.com ADMINISTRATIVE ASSISTANT Lauren Kotrozo lauren.kotroo@aptmags.com ADVERTISING advertising@aptmags.com MARKETING DIRECTOR Jordan Smith js@aptmags.com FEATURE WRITERS LEGAL ISSUES . . . . . Stephen Fainsbert, Esq. INSURANCE . . . . . . . . . . . . . . . . . .Eric Paulos INVESTMENTS . . . . . . . . . . .Christopher Miller MONEY MATTERS . . . . . . . . . Dawn Coleman TAX ISSUES . . . . . . .D. Michael Trainotti, Esq. MAINTENANCE. . . . . . . . . . . . . Jerry L'Ecuyer LEGAL ADVICE. . . . . . Stephen Duringer, Esq. MICHLIN'S LAWS . . . . . . .Willard Michlin, CPA Apartment Management Magazine is published monthly by Apartment News Publications, Inc. at 15502 Graham Street, Huntington Beach, CA 92649. Subscription Rate: $15.00/ year with zip codes beginning with 900-935, (outside of L.A. & Orange counties $69.00/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. Having a problem with your subscription? We want to solve it. Please write to us at the address below. Please be sure to include your mailing label(s) with your letter. MOVING? Simply enclose your address label and write in your new address below: NEW ADDRESS: Mail to: ApArtment mAnAgement news publicAtions

PROPERTY MANAGEMENT

15502 Graham Street Huntington Beach, CA CA 92649

FEATURES

THINKING OUTSIDE OF THE RETIREMENT SAVINGS BOX

Volume 2 Number 7 July 2010

By Dawn Coleman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 WHEN YOU CARRY BACK A LOAN By Eric Paulos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 COMMERCIAL RETAIL: SPECIAL CONSIDERATIONS FOR HISTORIC RESTORATION By Don Logay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 POOL RETROFIT DEADLINE IS DEAD By Willard Michlin, CPA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 LEGAL CORNER By Stephen Duringer, Esq . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 OF EASEMENTS AND LIS PENDENS By David S . White, Esq . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 WHAT CHANGES DO THE TAX LAWS HAVE IN STORE FOR US? By Christopher Miller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 DEAR MAINTENANCE MEN By Jerry L'Ecuyer & Frank Alvarez . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 HOW TO HIRE A CONTRACTOR By Jason Gurskis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 WHAT NOT TO DO WITH A FAMILY PARTNERSHIP By D . Michael Trainotti . Esq . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 TAME INFORMATION OVERLOAD By Dale Collie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 RENT WEEK PAIN RELIEF By Jim Selmick . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 INDUSTRY NEWS ...............................................................................................................6 ADVERTISING DIRECTORY .............................................................................................48

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August 2010 - COMMERCIAL PROPERTY MANAGEMENT 5

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