California is sending money directly to millions of residents to help with rising costs and high gas prices. The payments, which started going out October 7, range from $200 to $1,050, depending on income and other factors. About 18 million payments will be distributed over the next few months, benefiting up to 23 million Californians. The cash payouts…
Someone much smarter than me once said that businesses that do not evolve are sure to get left behind. Who knew that he was talking about AOA members. That’s right. Here’s why. When an apartment owner decides to sell and wants to defer taxes, they think of a 1031. But in a 1031, you may…
A landlord looking to improve, commented and asked the following question on tenant screening: “I can’t believe it’s been almost 20 years that I’ve been renting out apartments. I wonder if my tenant search process could be improved. Here’s how I do it. First, I post ads online; Zillow, Craigslist, etc., with pictures and my phone number.…
If you owned investment property before 1986, you know how advantageous real estate once was as a tax shelter. The tax code has changed considerably, but there are still some unique tax features of real estate that, when combined strategically over time, have the potential to produce significant financial benefits for both you and your…
Housing experts say they’re expecting the market to tip back into the buyers’ court by 2023, according to a new report. The housing market will shift in favor of home buyers by the end of 2023, according to 44% of 107 economists and housing experts polled by real estate company Zillow for its newly published “Home…
Staying competitive and sticking to the basics in multifamily communities means showing residents how much on-site and property management teams care. In today’s market, we continue to see high demand in the multifamily rental industry, yet the basic priorities remain in place: leasing up properties, staying competitive, and providing quality housing. New communities have the latest…
Below are questions asked by rental property owners regarding California property management and Section 8 tenants followed by answers provided by the law firm of Simone and Blevins. Q: I recently accepted a tenant with a Section 8 housing voucher. This Section 8 tenant has a lease until December 2023. I do not think I…
As the deadline for the California Balcony Laws SB 721 and SB 326 comes closer and closer, the California-based engineering inspection company, here are more tips for inspections of your buildings and apartments to ensure you can comply correctly and easily. What Must Be Inspected? Exterior Elevated Elements (EEEs) These two state laws are designed…
SACRAMENTO — Low and middle-income Californians who are struggling to keep up with back-due debt will be able to retain a greater share of their paychecks to avoid falling deeper down a financial hole under legislation signed today by Governor Gavin Newsom. SB 1477, authored by Senator Bob Wieckowski (D-Fremont), will provide important relief for…
Was your property built before 1978? If so, lead-based paint was most likely used during the original construction. As the owner, you need to be aware of the dangers of lead-based paint and the US Environmental Protection Agency (EPA) law that affects you. The Law The EPA’s Lead Renovation, Repair and Painting Rule (RRP Rule)…