Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: Is there any update on the lawsuits against the eviction moratoriums in Oakland and Alameda County? Answer 1: Somewhat surprisingly, there is no news from the appellate court as to either of…
We were a bit taken aback with the recent article in the Register by reporter Teri Sforza rhetorically asking if major businesses in Orange County are paying enough property taxes. Only toward the end of the piece was there an acknowledgement that in 2020, California voters rejected the “split roll” proposal by voting against Proposition…
California is sending money directly to millions of residents to help with rising costs and high gas prices. The payments, which started going out October 7, range from $200 to $1,050, depending on income and other factors. About 18 million payments will be distributed over the next few months, benefiting up to 23 million Californians. The cash payouts…
As more multifamily operators venture into the single-family rental market, (SFR) and build-to-rent arena, (BTR) they’re moving not only into a new real estate sector but a new renter demographic, as well. Prospective renter preferences and expectations vary significantly, as do renter profiles, between the multifamily and single-family space. Operators must market and manage accordingly…
Someone much smarter than me once said that businesses that do not evolve are sure to get left behind. Who knew that he was talking about AOA members. That’s right. Here’s why. When an apartment owner decides to sell and wants to defer taxes, they think of a 1031. But in a 1031, you may…
A landlord looking to improve, commented and asked the following question on tenant screening: “I can’t believe it’s been almost 20 years that I’ve been renting out apartments. I wonder if my tenant search process could be improved. Here’s how I do it. First, I post ads online; Zillow, Craigslist, etc., with pictures and my phone number.…
Housing experts say they’re expecting the market to tip back into the buyers’ court by 2023, according to a new report. The housing market will shift in favor of home buyers by the end of 2023, according to 44% of 107 economists and housing experts polled by real estate company Zillow for its newly published “Home…
If you owned investment property before 1986, you know how advantageous real estate once was as a tax shelter. The tax code has changed considerably, but there are still some unique tax features of real estate that, when combined strategically over time, have the potential to produce significant financial benefits for both you and your…
Staying competitive and sticking to the basics in multifamily communities means showing residents how much on-site and property management teams care. In today’s market, we continue to see high demand in the multifamily rental industry, yet the basic priorities remain in place: leasing up properties, staying competitive, and providing quality housing. New communities have the latest…
Below are questions asked by rental property owners regarding California property management and Section 8 tenants followed by answers provided by the law firm of Simone and Blevins. Q: I recently accepted a tenant with a Section 8 housing voucher. This Section 8 tenant has a lease until December 2023. I do not think I…