As a property manager, it’s essential to maintain a positive relationship with your residents. And one way to do that is by conducting multifamily resident surveys. Surveys offer valuable insight into resident satisfaction, highlight areas of preference and concern and build trust. Unfortunately, in the busyness of daily operations, property managers often overlook (or dismiss)…
A critical ingredient for real estate success is to have a plan. It is important to have dreams of success, but it is vital that you plan for success. To be able to be successful in real estate investing, you need to set goals. These goals need to be realistic goals. Setting goals is simply…
Multifamily fundamentals have been holding up better than expected through the first quarter, but there is still a looming mild recession expected later this year, Yardi Matrix experts explained in a recent Multifamily National Outlook For Spring 2023 webinar. “Things are quite a bit more nuanced and more variables in play than there have been as we go…
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 understand that all residential units in the city of Los Angeles require good cause to evict. I recently leased a house to what appeared to be a wonderful couple.…
In a recent column, I referred to SBX1-2, a dangerous legislative proposal, to define “excessive profits,” as setting a new speed record in California’s headlong rush toward Soviet-style central planning. Well, let’s add one more bad bill to the state’s perpetual march toward a collectivist state. Fortunately, this one may not be legal for long.…
Below are questions asked by rental property owners regarding California and Orange County rent control laws, followed by answers provided by eviction attorney Dennis Block. Question One: My property is located in Westminster, California. I understand that my property is subject to Statewide Rent Control and that I am required to have good cause…
According to reports, Portland police have charged an evicted tenant with felony arson, criminal mischief and misdemeanor reckless endangerment in a fire that destroyed an apartment building. The Tenant 30-year old Garret Repp of Portland, had trouble written all over him. Some described him as psychotic while residents of the building reported that…
This article contains excerpts from Monday Morning Quarterback, May 8, 2023 L.A. City Council Approves Aggressive Plans for More Housing The Los Angeles City Council voted 13-0 [in May] to approve new development plans allowing up to 135,000 new homes in Hollywood and downtown L.A. over the next two decades. Lawmakers cheered the passage…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: I attended the recent streaming seminar on the eviction moratoriums in Berkeley, Oakland and Alameda County, which was finally being lifted, but would really appreciate another chance to review that information…