Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years. After another dismal inflation report (see below), economists predict a full-percentage-point increase in the Fed’s benchmark…
While the housing market has been cooling off mostly due to higher interest rates, the rental market is white hot! Bidding wars on rentals are driving up the market for newly listed properties. When the pandemic hit, we had historically low inventory throughout California, historically low interest rates and huge buyer demand. This resulted in…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: My property is subject to Statewide Rent Control. I have a tenant who will only pay the rent when he is served with a 3-day notice to pay rent or…
Yes, you read that title right and here’s how it happened. A New York college student seeking housing had found an apartment that had everything he wanted. But, before he signed the lease, he happened to run into a tenant who had just vacated with plenty of information. The previous tenant warned him that the…
Over the summer, we’ve been told that inflation rose to a 40-year high. It’s even higher than that if measured by conventional methods of the past. We’ve also been told the labor market is the tightest in decades, a good thing, but that’s not entirely true either. The fact is, consumer finances have deteriorated at…
One of the most important questions all real estate investors should ask themselves is, “What is my long-term strategy?” In the case of Delaware Statutory Trust (DST) investors, exit strategies come into play once the investment period has concluded, or gone “Full Cycle”. Full Cycle is a term used to describe a DST property that…
SACRAMENTO, Calif. – California became the first state in American history to allow almost all old convictions on a person’s criminal record to be permanently sealed, after Gov. Gavin Newsom signed the landmark Senate Bill 731 into law. Well over a million Californians will now have the opportunity to be unburdened, in many cases for the first…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: Are there any updates on the lawsuits against the eviction moratoriums in Oakland, Berkeley and Alameda County? Answer 1: As reported in last month’s article, the case Williams et al v.…
Dear AOA: With the recent California EPA decision to abolish gas guzzling cars by 2035 it is time for us the home providers to become proactive rather than reactive to all these upcoming changes. We need to begin thinking how California State Legislatures will pass various laws that will affect our bottom line as business…
Continued . . . These were the circumstances under which Henry J. assumed control of his paving company. The economics were splendid: better cars meant more driving which increased the demand for improved roads, which Congress was soon to fund to increase employment during the Depression. This recipe for wealth, wherein supply creates its own…