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: My Unlawful Detainer was rejected by Alameda County although I was evicting for violations by a tenant at will (tenant was former owner prior to me purchasing SFH at auction). …
More than 42 years ago, California voters overwhelmingly enacted Proposition 13 in response to out-of-control property taxes. Even with the passage of time, Prop. 13 remains very popular among citizens of all political stripes. Nonetheless, many politicians and bureaucrats hate Prop. 13 because it prevents them from taking unlimited cash from the taxpaying public. In…
Some years back, I had an experience that taught me just how crucial a reliable property manager is for owners of out-of-state real estate. I’m a property manager by trade, but I’ve also dabbled in the ownership of rental assets over the years. One property I used to own was a mixed-use building in Georgia,…
All Delaware Statutory Trust 1031 Exchange real estate investments must be accompanied by a unique Private Placement Memorandum (PPM) as part of its due diligence and marketing presentations. However, even more importantly, all potential investors must make a point to read thoroughly the contents of the PPM in order to get a full picture of…
Austin Bowlin IRC Section 1031 is undeniably one of the most generous sections of the tax code; however, the IRS rules and timing requirements to complete a tax deferred 1031 exchange are stringent. Navigating the 1031 process can be complex and a misstep can result in either a failed exchange or the purchase of replacement property that is not suitable. Experienced real estate…
Only 16% of nearly half a million renters who applied for rent relief from the state of California have been paid, according to a new analysis released in March. And the clock is ticking: Under state law, landlords will be able to evict tenants who failed to pay rent by April 1. Of more than 488,000…
Franco Simone Below are questions asked by rental property owners regarding California property management and resident manager laws followed by answers provided by Attorney Franco Simone. Q: I am a landlord in the City of San Diego, and I have not updated my rental agreement with my tenant this year. Are there any new required…
Dear Jeff: What an inspiration writing in this month’s AOA “From the President” – [August issue]. I appreciated the story of Jerry as well as the “try this” 1-9. My Mom and business partner, (age 100), says her secret to living so long is to “love people” and trust in God. Again, thank you. Arlene…
SB 9 also known as the (HOME ACT) went into effect Statewide in California on Jan. 1 2022. The City of Los Angeles along with many other California Cities and Counties are publishing their own guidelines daily. As expected, and as seen previously when the state ADU laws first went into effect, some local governments…
Standard Evictions Can Now Proceed! The California statute defines “COVID-19 recovery period rental debt” as rental debt of a tenant under a tenancy that came due between October 1, 2021, and March 31, 2022. Rental debt that became due during this time was subject to numerous requirements. One of the main requirements is that landlords…