Concerning Potential Rent Increase Reductions in 2025 Dear Los Angeles County Supervisors: I am a businessman, CPA and real estate owner of multifamily property for over 35 years. I will make this very simple – DO NOT SUPPORT ANY TYPE OF RENT CAP PROPOSAL UNLESS YOUR GOAL IS TO IMPLODE THE HOUSING INDUSTRY. IT IS…
Dear Council Member Torosis: We’ve said that inflation is running at about 25%, as confirmed by the Federal Bureau of Labor Statistics, since March 2020. We believe that the annual rental adjustment at 3% is illegal, unlawful and unconstitutional. We also believe that the 213 items in the CPI BASKET do not reflect, address or…
In the fast-paced world of property management, HUD complaint notices are not just another administrative task. They are a ticking time bomb that can detonate your operations if mishandled. This article exposes three common pitfalls property management professionals encounter when dealing with HUD complaint notices and offers a strategic roadmap to navigate these challenges effectively.…
The city of Los Angeles will be conducting a public hearing to consider increasing sewer service charges and at that time, will also consider all written protests to that increase. The hearing will be on August 27, 2024, at 10:00 a.m. at Los Angeles City Hall, John Ferraro Council Chamber, Room 340, 200 North…
The FAIR plan, which is a state program to provide coverage to customers who can’t find it elsewhere, including in fire-prone areas, will raise limits for commercial properties such as condominiums, the California Department of Insurance said Friday in outlining an agreement with the program. However, it could take up to eight months before the…
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 rent is due on the first of each month. On June 2, 2024, I served my tenant with a 3-Day Notice to Pay Rent or Quit. The tenant failed…
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 rent is due on the first of each month. On June 2, 2024, I served my tenant with a 3-Day Notice to Pay Rent or Quit. The tenant failed…
Do you remember 1969? Probably not. You may have been born after 1969 and did not find real estate as an investment until many years later. I remember the year 1969 very well. It was the year in which I purchased my first rental house. I was still in college and realized that I needed…
The Nature of Bonds The most important number in the “money” world is the interest rate on the 10-year Treasury note. This is true with income producing assets like apartments and commercial real estate, as well as non-income producing assets like collectables and Old Master paintings. Actual income is used in pricing income producing assets.…
Apartment owners need to consider the possibility of a lawsuit, with the ultimate goal of ensuring your personal and business assets are shielded from seizure to satisfy a judgment. The first step to shielding assets is understanding how lawsuits work. Fortunately, proceedings of a lawsuit can be broken into six simple steps. Injury or Loss…