June 1, 2024 - AOAUSA

L.A. County Approves New Program For Regular Inspections By David Wagner of LAist, (published 4/16/2024)

Magazine ArticlesBy jamil caudang June 1, 2024

The Los Angeles County Board of Supervisors has unanimously voted to increase apartment inspections and withhold rent payments from negligent landlords, a vote that comes years after initial plans to overhaul enforcement of healthy housing standards were first introduced. The 5-0 vote [in April] sets up a Rental Housing Habitability Program to inspect all apartments in unincorporated parts of…

New 2024 Law – You Must Report to FinCEN or Pay Big Time! By Lee R. Phillips, JD, President of LegaLees, LLC

Landlord/Tenant Law, Magazine Articles, New LawsBy jamil caudang June 1, 2024

A law that took effect January 1, 2024, has killed any hope of anonymity by using a Wyoming LLC, or an LLC in any state for that matter. Even if you are not worried about anonymity, you are going to be profoundly affected by this law. In 2021, Congress passed the Corporate Transparency Act. This…

Vacancy Control: “Crackbrained Meddling by the Authorities” By Brian Wallace, SPOSF/SPOSFI President

Magazine Articles, NorCalBy jamil caudang June 1, 2024

Pity the poor vacant apartment. Everybody seems to think they know what’s best for it. On one hand, we have Michael Weinstein’s so-called “Justice for Renters Act,” a statewide ballot measure to repeal Costa-Hawkins and open the door to the ultimate goal of rent-control zealots: vacancy control. On the other hand, we have Prop. M, a…

The Trouble With Balconies and Decks By Karl Kardel of Karl Kardel Company

UncategorizedBy Gleynda Huesca June 1, 2024

No other building component gives as many problems as walking decks. I have known architects who swear they will never design another one. Why Are They So Problematic? First, they have to discharge water out of the wall above the deck. Second, the deck has to be water-tight and durable. Thirdly, the deck has to…

God Bless the Landlords! By Patricia A. Harris, Senior Editor

UncategorizedBy Gleynda Huesca June 1, 2024

You give them a place to hang their hats, You even accept their dogs and their cats; You fix leaky faucets – install a new screen, The thanks when they move? Your walls – painted green. You give them a fridge, you provide blinds, Installing new carpet of various kinds; They ask for…

“Good Enough” is Good Enough by Terry Moore, CCIM

UncategorizedBy Gleynda Huesca June 1, 2024

“Good enough” is often better than “maximizing” for San Diego County apartment investors. Over the last 30+ years, thousands of financially qualified people have told me they wanted and expected to buy apartments in San Diego County. These are people who passed my first screening. They are interested in apartment investing and have sufficient resources…

A New Type of ADA Lawsuit is Trending by Anthony C. Guichard of ACR Concrete & Asphalt Construction, Inc.

UncategorizedBy Gleynda Huesca June 1, 2024

ADA LAWSUITS are still on the rise, however in a variety of different ways. Apartment buildings with 16+ units with or without an on-site manager and any retail establishment are at risk for a new style of ADA lawsuits. Owners are still making attempts to bring their properties into compliance and unfortunately are being sued…

Be Very Scared! Biden’s Tax Proposals of Concern for Apartment Owners by Kenneth Ziskin, Estate Planning Attorney

UncategorizedBy Gleynda Huesca June 1, 2024

Every year, the administration puts out a “Greenbook” with revenue (read “TAX INCREASE”) proposals it wants to get enacted in the next year. While it remains unlikely that all, or maybe any, of these proposals will get enacted in 2024 given the divided Congress, many of them should really worry apartment owners. So, if you…

IN THE NEWS: New 2024 Law!

Landlord/Tenant Law, Magazine Articles, New LawsBy jamil caudang June 1, 2024

The new program is called the Beneficial Ownership Information Reporting system, and it will be implemented by the FinCEN (Federal Financial Crimes Enforcement Network), a department within the Treasury Department—the same folks who brought you the IRS. If you create a new entity in 2024, you will have to register within 90 days after you…

Are you a California Resident for Tax Purposes? By Peter Muffoletto, CPA of Peter Muffoletto & Company

UncategorizedBy Gleynda Huesca June 1, 2024

California taxpayers and residents pay the highest taxes in the United States. The tax cost of living in California is 13.3% at the top rate, plus another 1% for the Mental Health Tax for those earning more than $1 million which seems a bit crazy. In addition to this we as citizens of California pay…

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.