This is not a surprise: there are many ways people profit from real estate. We’ve been illustrating some of them through glimpses into the lives of the people involved. We’ve seen how Hetty Green (article #105) invested not only in stocks and bonds, but also was a real estate lender of last resort, securing…
A new survey shows that almost 60 percent of multifamily firms indicate they are reducing or avoiding investment in rent-controlled markets, according to the National Multifamily Housing Council (NMHC). An additional 15 percent say they are considering cutting back in those markets. Conversely, only a quarter (27 percent) of firms are willing to keep their current or…
Setting an appropriate listing price is both art and science. The listing price should be high enough to provide some negotiating room and to learn what the market will pay. It should be low enough to arouse several buyers’ interest. Smart listing brokers suggest a price that will promptly obtain realistic offers. Our team often…
Dennis Block Below are questions asked by Los Angeles rental property owners regarding California rent control laws followed by answers provided by eviction attorney, Dennis Block. Question One: It has been over one year since I have received rent from my tenant. I have applied for rent relief, but to date I have not received…
We are no longer in a “pandemic.” We are now in an “endemic.” What does that mean, you ask? Let me use a real estate analogy. During the pandemic, the virus was like uninvited house guests that won’t leave. But in an endemic, the virus bought the house down the street and moved in. Now you have unwanted neighbors…
With an ever-changing legal and economic landscape, it might be time to rethink your real estate investment strategy. If you’ve been in the apartment business for a while, you know that it’s usually more profitable to own a four-plex than it is to own four rental homes. The income tends to be a lot better…
A newly introduced bill, in February, would have prohibited landlords from using credit reports while screening prospective tenants. AB 2527 by Assemblywoman Sharon Quirk-Silva, D-Fullerton, would have also banned property owners from asking about anything that would be included in a report, such as payment history or evictions. That bill, fortunately, has been shelved for…
Dear Councilmember [Last Name]: Greetings. I strongly oppose the “Fair Chance Housing Policy” that has been proposed by the BRD. These “renter protection measures” are the opposite of what they are advertised to be! It would compromise all innocent renters, especially the weak and elderly. Below are some points you may want to consider. Regarding…
Photo by Andrea Piacquadio from Pexels A newly introduced bill, in February, would prohibit landlords from using credit reports while screening prospective tenants. AB 2527 by Assemblywoman Sharon Quirk-Silva, D-Fullerton, would also ban property owners from asking about anything that would be included in a report, such as payment history or evictions. This bill would,…
On January 25, 2022, the Los Angeles County Board of Supervisors voted to extend the COVID-19 Tenant Protections Resolution through December 31, 2022, unless repealed or further extended by the Board. What is the County’s COVID-19 Tenant Protections Resolution? The County’s COVID-19 Tenant Protections Resolution (formerly the LA County Eviction Moratorium), which went into effect…