Q: Six months ago, I rented my two-bedroom apartment to a single woman with a one-year lease. She wants a roommate. Do I have to allow my tenant to have a roommate? A: It depends. Most leases include a clause that prohibits or authorizes tenants to have a roommate or add additional occupants. If you…
In one of the largest spending measures ever enacted, the CARES Act, the Consolidated Appropriations Act of 2021 (H.R. 133) was signed into law on December 27, 2020. Although it is unprecedented in size, there is a consensus among economists that the bill is not enough to stop the bleeding. The law also extends the…
I probably am revealing no great secret by declaring that the legal structure for paying on-site managers is in many ways baffling, befuddling and confusing (choose your adjective). Numerous payment rules exist that we just don’t see in typical employment situations – rent caps, rent credit caps, etc. Consistent with this theme, I want to…
“You want to be greedy when others are fearful.” Warren Buffett said that in an interview with Charlie Rose. Warren knows a thing or two about investing. He bought low-risk cash flow when it was on sale. Tech heroes have created enterprises that sell for bigger multiples. People who buy tech stocks are paying now…
Dear AOA: We are in receipt of the updated AOA Rental Agreement and/or Lease. We have used this form for years and sincerely appreciate the protection of having an attorney-reviewed document supporting our agreement with tenants. We have also attended your excellent seminars and have updated information suggested as improvements or protections by your speakers. …
SB 91 was signed by Gov. Newsom, officially extending the eviction moratorium to June 30, 2021 with future extensions possible. Here is what you need to know and the new forms that you will need to serve. (This notice was sent out to the AOA email list in January. Go to www.aoausa.com on the bottom…
Hello everybody. At the time when interest rates on mortgages are at a near historic low, AOA members might find it surprising that I am devoting this article to a discussion of high interest rates, that is, usurious interest which exceeds the maximum rates California law allows. But interest rates are not low for everyone,…
Residential Rentals Survey and Application Fraud By Snappt Residential Rentals Are at Risk With U.S. unemployment rates at historic highs, we wondered, how is this impacting the residential rental market? To find out what effect the pandemic is having on the residential rental market, Snappt commissioned the 2020 Effects of the COVID-19 Pandemic on Residential…
Question 1: What is the latest on the COVID-19 eviction restrictions? Answer 1: As you have likely heard by now, the California legislature passed and Governor Newsom signed SB 91, just as the provisions of AB 3088 were about to expire January 31st. Primarily, SB 91 – christened the Tenant Relief Act – simply extends…
Efficiency. It is a trait that we value in our co-workers and also in the products we consume. For the multifamily industry and smart apartment technology in particular, efficiency is critical. [You may recall that smart apartment tech refers to internet-connected devices that manage your property’s units and common areas remotely; they are run and…