California now has a death tax on property, and many Californians are just finding out about it. Previously, a primary residence and up to $1 million of assessed value of other property could be transferred from parent to child without reassessment, so the property tax bill stayed the same. No more. Effective on February 16,…
Washington, D.C. – The pandemic influenced 25% of renter moves over the past 18 months, and 70% of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing Council (NMHC) and Grace Hill 2022 Renter Preferences Survey Report. The survey of more than 221,000 renters, living in 4,564 communities nationwide,…
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” That’s how Warren Buffett described his investment strategy in a 1986 letter to shareholders. It’s easy to understand, but hard to implement because it takes courage. Suppose over 30 years there are three business cycles. Maybe…
Housing providers play a critical role in their local communities, provide an essential service to residents, and are an important part of the tax base. In the December issue of AOA Magazine, I wrote about Santa Ana’s new Rent Stabilization Ordinance that limits rent increases to a maximum of 3% per year or 80% of…
William Mulholland’s Story Dublin’s port lies on the River Liffey, where it runs into the Irish Sea, at the approximate latitude of Liverpool. It was there, in Dublin, that William’s mother died when he was seven years old. His father, a guard for the Royal Mail, remarried. Arrangements were made to have William accepted in…
Below is a letter AOA received from one of its long-time members, Rebecca Bambarger. Dear Dan and Staff: Thank you for helping me be the best landlord possible. Your organization helped me with the required legal notices, leases and training. Your webinars to educate us were superb, especially to help understand how to navigate COVID…
Legal Q & A by Richard Beckman Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: I have a single-family home rental in San Francisco. The tenant has been living at the property since 2009. I would like to increase the…
The American spirit is synonymous with a can-do attitude—we are builders, creators, and innovators. The remarkable construction of New York’s legendary Empire State Building symbolizes that spirit: from start to finish, the completion of this American landmark took a single year. But that spirit now seems diminished. Many U.S. cities face a housing shortage thanks…
The City of Santa Ana has adopted a Rent Stabilization Ordinance effective November 19, 2021. The City’s Rent Stabilization Ordinance (RSO) is a local law that limits rent increases to the lower of 3% per year, or 80% of the percent change in the Consumer Price Index over the most recent 12-month period for certain residential…
After the Second Circuit Court of Appeals denied the Rent Stabilization Association’s (RSA’s) motion for a stay of the latest eviction moratorium law in October, RSA along with four small property owners, filed an amended petition in Federal District Court challenging the moratorium, along with a motion seeking a stay of the most recent moratorium…