For millions of Californians, the state has been rendered unaffordable because of foolish and counter-productive policies emanating from Sacramento. A shocking one-third of California renters spend at least half of their take-home pay on rent, and only 40 percent can afford to purchase a median-priced home. Little wonder then, that one in five Californians lives…
The past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately were comforted in knowing their investments have gained a substantial increase in…
Below is part of the supporting data for the National Multihousing Council’s, (NMHC) report titled “Disruption – How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution”. The National Survey, conducted by Beck Research, questioned 1,000 adults with emphasis on renters and millennials. Key findings include:
Tenant Death Under California law, if a tenant dies in your unit, you must disclose this fact to perspective applicants for a three-year period. The only exception is if the tenant died of aids. Sex Crimes It is considered discriminatory not to lease to persons guilty of sex crimes IF you learned about their convictions…
Many of the decisions we make in business and in life, are arrived at by asking ourselves if the risk is worth the reward. I have a 68 year old friend who is running this year’s LA Marathon. I admire her passion, discipline and mental toughness. What I don’t like is the beating that her body…
Costly Mistake Many Landlords Make! One landlord, who served on her local landlord-tenant commission, became familiar with hundreds of complaints brought against landlords. From the complaints she made at least six observations which may be wise for landlords to make note of, to avoid making some very costly mistakes when it comes to security deposits.
The below article was written by David Brownell. AB 1506, repealing the Costa-Hawkins Act, failed to make it out of committee. Those who believe that such problems as rising rents, evictions, and loss of ethnic and economic diversity in San Francisco can be solved legislatively by unrestricted rent control will continue to believe that as…
A new study by Stanford University professors of rent control in San Francisco concludes that it does more harm than good and can cause housing shortages that reduce the number of low-income people who can live in a city. Economists Rebecca Diamond, Timothy McQuade and Franklin Qian did the study, “The Effects of Rent Control…
Question 1: If a prospective tenant asks us if we accept Section 8, is it legal to say no? Can you tell me the positive and negative points on Section 8? Our property is in Petaluma.
One of the biggest headaches for owners and operators of commercial and residential buildings, like hotels and apartments, are the noise complaints. Guests and residents get very upset when disturbed by unwanted noise which often leads to bad reviews, lease terminations and lost revenue.