Across Southern California, and for that matter much of the country, housing is unaffordable for many, whether someone is trying to buy a house or rent an apartment. In fact, voter concern over the nation’s cost of living, including housing, appears to have played a major role in returning Donald Trump to the White House.…
Freddie Mac and Fannie Mae have announced new tenant protections for residents in multifamily properties with mortgages backed by the two Government-Sponsored Enterprises (GSEs), according to a release from the Federal Housing Finance Agency (FHFA). The new multifamily lease standards policy requirement starting February 28, 2025 will require borrowers with new Enterprise-backed financing to provide residential tenants the…
The Internal Revenue Service issued final regulations last year that provides a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for the purposes of Internal Revenue Code Section 199A, the qualified business income deduction. Tax Cut and Jobs Act (TCJA) Created Trade or Business under…
The Internal Revenue Service issued final regulations last year that provides a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for the purposes of Internal Revenue Code Section 199A, the qualified business income deduction. Tax Cut and Jobs Act (TCJA) Created Trade or Business under IRC…
An interesting thing happens when people become successful real estate investors: like any true convert, they start to want to proselytize. And one of the primary characteristics of any good missionary is the desire to emphasize the good and de-emphasize the downsides of ones’ religion.
Years ago, I read a bestselling book by a famous author who defined a profitable investment property by its price at purchase. I could never really understand how one could know at the beginning of the investment whether or not it would be profitable. Of course, the author was making a point that if you…
Below are questions asked by rental property owners regarding California rent control laws, followed by answers provided by Attorney Richard Beckman. Question 1: My Oakland rental building was built in 1918. The information was preprinted on the form the City of Oakland provided when I registered the building for rent control on 04/05/2023. It appears to…
For years, California apartment owners have been told that increased regulation, capped rents, and reduced operational flexibility are necessary sacrifices in the fight against homelessness. The private rental housing industry has been asked – repeatedly – to absorb risk, limit income growth, and shoulder greater responsibility in the name of solving a statewide crisis. Now,…
Why is maintaining your property a key priority in investing? The significance of regular maintenance cannot be overstated, particularly when managing multiple properties. Engaging in consistent upkeep not only enhances the appearance of your spaces but is also vital for preserving their long-term value. When you invest in real estate, you’re not just purchasing physical…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: I heard there was a new law affecting commercial leases. Do you have any information about that? Answer 1:SB 1103, which took effect January 1, affects some commercial leases, but is…