With the COVID-19 laws allowing tenants six months to a year in order to make up past due rent, numerous members have expressed fear and frustration that renters with outstanding balances will simply pick up and move somewhere else after months of deferred (aka “free” rent) without paying what is owed. As all landlords…
A version of this article by Porter Stansberry first appeared on April 17, 2020 in The Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. Here’s a Prediction In a “bad year” for the flu, between 50,000 and 100,000 Americans die from the virus.…
There is a growing debate in financial circles over whether the U.S. Federal Reserve should move to a negative interest rate policy in an effort to stimulate the economy during the coronavirus crisis. Even President Trump has said more than once that he favors negative interest rates and considers them a “gift.” Yet Federal Reserve…
Question One: I have a tenant who is creating a major nuisance on the property. My property is located in Bell, CA. I understand that Governor Newsom has placed a moratorium on evictions through July 28, 2020. Can you suggest an alternative solution? Many of our residents are working from home and cannot put up…
Question 1: What is the latest status of the landlord’s right to require the tenant to pay rent or move out during the COVID-19 crisis? What about other grounds to terminate a tenancy? Answer 1: As discussed in last month’s article in some detail, for all of California, evictions for non-payment of rent are extremely…
California Judicial Council Exceeds Their Constitutional Authority On April 6, 2020, the California Judicial Council adopted Emergency Rules limiting landlords from enforcing their basic contract rights against tenants. These rules prevent a court from issuing a summons in an unlawful detainer action, regardless if the action is based on the pandemic or not. If a…
As you are aware, California now has statewide rent control and with it comes some additional form requirements and updates to our Rental Agreement and/or Lease. Mandatory written notices (#1 below) must be mailed out to your tenants before August 1, 2020. There is also a required addendum to be used with our updated Rental…
Below is an open letter sent to Judge Carter of the United States District Court for the Central District of California. SUBJECT: Developers now have hundreds of new apartments available to house homeless families and L.A. City said they are not interested. If you want to know more, we should talk. Dear Judge Carter: I…
Hi Dan: I wanted to send you an email to let you know I’ve been a very satisfied client of yours since 2014 or 2015. How great is it to hear something positive in this unprecedented, trying crisis? This is the time, more than ever before, that I look to AOA and Rebecca particularly, for guidance.…
We are now in unchartered and difficult waters with the COVID-19 virus epidemic. The rules, customs and ways of doing business are changing and still unknown. The social distancing will alter how people buy, sell and lease apartments after the COVID-19 crisis has ended. We must be flexible, adaptable and changeable in the future.