Sales of existing homes in the U.S. exploded in December to over six million units, a new record, the National Association of Realtors reported last week. Yet the NAR also reported that the inventory of homes still available for sale fell to a record low. Thus, there is a shortage of homes on the market,…
Key Takeaways: What are the Four Stages of a Real Estate Cycle? What are some Current Macro Real Estate Trends Impacting Investment Real Estate? Why Should Delaware Statutory Trust Investors Be Aware of Current Real Estate Trends? One of the common topics that frequently pops up in investment conversations these days involves questions about what…
On January 25, 2022, the Los Angeles County Board of Supervisors voted to extend the COVID-19 Tenant Protections Resolution through December 31, 2022, unless repealed or further extended by the Board. What is the County’s COVID-19 Tenant Protections Resolution? The County’s COVID-19 Tenant Protections Resolution (formerly the LA County Eviction Moratorium), which went into effect…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney, Dennis Block. Question One: I have a 4-unit building in the City of Hawthorne. I recently formed a limited liability company (LLC) and transferred the building to this entity. Regarding the existing tenants, should…
Having been so caught up in the COVID Eviction Moratorium drama, you may have missed complying with AB 1482 – (California State Rent Control), which went into effect in 2020. However, now that moratoriums and rent freezes are beginning to expire (in some areas), it’s important that we revisit this law. California State Rent…
Bomb damage or rent control? That was the caption under this picture in a 1981 book about rent control across the world. Looking at the photo, it’s impossible to tell the difference. Almost 40 years later, the story hasn’t changed: outside of wars and natural disasters, rent control is the single most effective destroyer of property and property…
The best investors understand they won’t suddenly know if it’s time to sell. They decide if the time is right. Selling and moving up is how they build legacy wealth. Why Sell? There are many triggers for an investor to sell an apartment building. Let’s begin with the financial reasons: dollars and cents and…