Think Statewide Rent Control is a Bad Idea? Look What Ocasio-Cortez Is Proposing – By Brian Wallace, SPOSFI member

You know how we’re always having to explain San Francisco’s rent control to out-of-state visitors? Well, if New York’s Congressional Representative Alexandria Ocasio-Cortez (“AOC”) has her way, we won’t have to do that anymore, because every state in the nation will have rent control. The Congresswoman’s ambitious, anti-poverty bill, “A Just Society,” aims, in her…

Legal Q & A by Richard Beckman

Question 1: Is there a form to use for properties that are not exempt from the new California rent control law that begins 1/1/20?  Is there a form to use for properties that the rent will be rolled back on 1/1/20 to 5% plus CPI?  And what website do you recommend when determining the CPI for…

Legal Q & A by Dennis Block

Question One: I allow my tenant to pay rent by depositing the funds directly into my bank account. When I did not get the rent, I issued the tenant a 3 Day Notice to Pay Rent or Quit. I did not receive the rent within the three days, so I initiated an unlawful detainer action.…

Something to Think About #50 – Uncle Sally’s Nephew, Part 13 – by Klarise Yahya, Commercial Loan Broker – BRE: 00957107, MLO: 249261

Continued from Part 12:  The incentives broke out thusly:  If another agent had sold this property at full asking price, Stu D. Chicken’s office’s share of the commission would be half of 5% of the original $550,000 price, or $13,750. Instead, his office got all of 5% of $400,000 ($20,000). In either case, Stu D.…

City is Sued for Attempting Unjustified Snooping on Rental Property – by Meriem Hubbard and Wencong Fa, Attorneys-at-Law

In a legal case that should interest rental property owners statewide, the City of Highland in San Bernardino County is being sued for trying to arm-twist landlords and tenants into allowing warrantless inspections of their homes.  In other words, the city is trying to coerce property owners and tenants into surrendering a fundamental constitutional protection:…

Urgent Tax Alert for Apartment Owners with Larger Estates! Last Chance to Use Discounts to Save Estate and Gift Taxes? – By AOA Member and Estate Planning Attorney, Kenneth Ziskin

If you have, or expect to develop, a “taxable” estate (more than the estate and gift tax exclusion amounts which now protect nearly an $11 million estate for a married couple), newly Proposed IRS Regulations make it IMPERITIVE that you consider advanced estate tax planning NOW.  The new Proposed Regulations, released in August, are designed…