It seems like everyday there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange Headlines Show Dangers Surrounding Leveraged Real Estate Just look at any business or real estate-related publication, and you will see the headlines…
On October 16, 2023, the California Court of Appeal for the Second Appellate District reversed an order by the Santa Barbara County Superior Court granting a motion in limine excluding the testimony of plaintiff, Dana Brancati’s medical expert, in a mold bodily injury case. That exclusion order resulted in the dismissal of the plaintiff’s action.…
The generally accepted understanding of the role for a property management company is to collect rents and handle tenant related issues/concerns. While this is a very simplistic view, it is a belief that is relatively accepted in terms of what a property manager does. This article will attempt to highlight a couple of other lesser…
In the dynamic world of real estate, residential rental properties stand as a crucial investment avenue for many individuals. As housing providers, the welfare of our investments is paramount. The recent passing of AB 12, which imposes a one-month maximum rent deposit, has sparked a debate within the industry. Advocates of such regulations argue for…
As a multifamily manager, you are under constant pressure to reduce operational costs, but that doesn’t mean the budget has to suffer. In fact, with just a few simple changes to the budget, you can improve the bottom line while maintaining efficiency. To do that, let’s look at five budget changes multifamily managers can make…
[In October], a Missouri court found the National Association of Realtors and two real-estate brokerages guilty of conspiring to inflate real-estate commissions. A decision that will likely rock the U.S. housing market and undoubtedly alter the way Realtors conduct business. The NAR, the largest industry group in the U.S., as well as brokerages, HomeServices of…
A New Rochelle-based landlord group will pay $105,000 in damages after settling a housing discrimination case for denying housing to applicants with housing vouchers. The company had a “company policy” barring the use of Section 8 vouchers at some of their residential properties. Besides the fine, the company also agreed to set aside 20 units…
Assembly Bill 12, which prohibits housing providers from requiring security deposits greater than one month’s rent, has reached Governor Newsom’s desk. It appears that he will sign it into law. Background Introduced by Assemblyman Matt Haney in December, 2022, AB 12 climbed the state legislative ladder in under a year with few concessions to rental…
The landscape of fair housing has been continuously evolving. One of the emerging focal points is the protection against discrimination based on the “Source of Income.” While not federally recognized under the Fair Housing Act, this classification has steadily gained traction at state and local levels, expanding the purview of housing rights. Defining “Source…
Rosenberg & Etis, a law firm in NYC, secured the first successful restraining order against Airbnb and a tenant who violated Local Law 18, which bans apartments from offering short-term rentals. According to one of the attorneys, it was discovered that the tenant never lived in the apartment and was renting it out solely for…