District 5 Supervisor Dean Preston has gathered the 9,000 signatures necessary to place his Vacancy Tax legislation on the November ballot. This measure would apply to all real estate in buildings with three units or more, including condos. If it passes, we should not be surprised if it expands to include ALL private property in…
Before voters get too consumed with the upcoming November election and the myriad of special-interest initiatives on the ballot, let’s take a moment to review a harsh lesson in ballot measure “bait and switch” tactics, specifically Proposition 19 from November 2020. What happened with that measure could easily repeat itself with one of the initiatives…
Cities around the state are trying to circumvent California’s new law allowing duplexes to be built on properties previously zoned as single-family. Their methods include everything from removing parking and forbidding vehicle ownership to requiring arbitrary amounts of mature vegetation. The state housing department is gearing up to send stern warnings to cities trying to…
It’s Here! The FREE “Million Dollar” Trade Show and Landlording Conference! Thursday, October 27th at the Long Beach Convention Center, Hall C! Mark your calendars for Thursday, October 27th for AOA’s “Million Dollar Trade Show and Landlording Conference” in Long Beach. You will meet just about every contractor and vendor you will ever need……
California state law that allows rent hikes to rise with inflation and landlords are allowed rent increases up to 10% — as long as those properties aren’t covered by local rent control. That has increased pressure to pass stricter forms of local rent control in some cities. Below are cities that have recently adopted their own…
You can hardly turn on a television or read a newsfeed where you don’t encounter the term “trigger words.” While there are some universally accepted trigger words, like racial or ethnic slurs, most people or groups have their own unique lexicon of words that send them immediately into orbit. Our industry is no different, and…
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. 1. Injury or…
Tenants are thinking a little differently now post-pandemic, so what are the 3 most important things to tenants and what things in rentals are they are looking for these days? There is no argument that the best tenants are the ones who pay rent on time, have long-term leases, and respect the properties they occupy. As…
One Nevada landlord and property manager have settled with the U.S. Department of Housing and Urban Development (HUD) after they refused to rent to a tenant with a disability who had a dog as an assistance animal, according to a release. The landlord and property manager agreed to pay $6,500 to resolve allegations of discrimination brought…
Cost segregation studies are a very effective way to generate savings when buying investment property. They should be considered by every real estate investor on every transaction. When optimized, they can increase cash flows, reduce tax liability, and uncover missed deductions. What is a Cost Segregation Study? A cost segregation study (CSS) is an engineering/accounting…