Question One: I just closed on a duplex which is subject to the Rent Stabilization Ordinance (RSO) for the City of Los Angeles. Assuming the city’s “State of Emergency” ends as of September 30, 2021, can I serve a 30-day notice to quit on September 1, 2021? My intention is to occupy the residence. Answer…
Whether you’re looking at historic election results or recent polling, it’s clear beyond any doubt that Californians hate death taxes. Back in 1982, voters overwhelmingly approved two ballot measures to abolish state inheritance and gift taxes—not only abolish them, but ban them permanently. A few years later, rising property values had created a new kind…
Question 1: As always, any updates on the state of the courts and unlawful detainers? Answer 1: As reported in last month’s article, California again has updated its comprehensive state law directed at protecting tenants from eviction for non-payment of rent. Originally passed as AB 3088 in August 2020, updated by SB 91 in January,…
On a few of the vast, verdant lawns in East Sacramento, one of the capital city’s most popular and expensive neighborhoods, yellow-and-black yard signs urge passersby to “save neighborhoods” and keep Sacramento “livable and diverse.” The message symbolizes a big battle taking place at the state Capitol only a few miles away — whether to…
SUPREME COURT SAYS RENT IS NOW DUE! Just recently, the Supreme Court struck down the CDC eviction moratorium on the grounds that it “strains credulity” to believe the CDC had the power to regulate rentals nationwide. The CDC’s claim of expansive authority is unprecedented. Could the CDC, for example, mandate free grocery delivery to the homes…
The recent fluctuations in the United States stock market have many investors looking for more conservative and less volatile investments. On top of that, traditional investment instruments like stocks and bonds are similarly not looking very attractive because of their lackluster yield performances. Therefore, more and more investors are attracted to Real Estate Income…
Let’s assume you are already doing the basic screening duties. Everyone fills out a rental application. You check the credit report, the employment and bank account information, landlord references, and the applicant has shown the ability to pay the rent. So far, the rental candidate shows good potential for your vacant apartment. Signs are there…
If you own real property or other valuable assets, there is great benefit in creating and maintaining a quality estate plan. With proper guidance, drafting, and implementation, your estate plan will be effective to avoid probate, unnecessary capital gains and estate taxes, and court control of your assets at your death or in the event…
A research study shows that of small landlords with three or fewer properties, 56 percent are dealing with delinquent renters, according to a release. The research from Nevada Realtors (NVR) was only for the state of Nevada, but points out how small landlords, often called “mom-and-pop” landlords, are carrying a heavier burden than larger corporate landlords. The National…
On May 4, 2021, San Diego County Board of Supervisors passed a (temporary) ordinance, 3-2, which prohibits rental evictions regardless of the cause of the tenant not paying rent. In 2020 there were 990 evictions in San Diego County, with 3,300,000 people. Some of the evicted renters had ample money and steady employment but simply did…