John J. Cisco died in 1884, leaving his bank (John J. Cisco & Son) to his son. Unlike chartered banks in those years, private banks were structured as self-insuring general partnerships. This placed the entire net worth of each partner at risk and, significantly, meant that substantial deposits were driven by social relationships. When Cisco…
Hello everybody. Although I have written on this topic before, a great many landlords, and even some judges, continue to believe that title to real estate can be held by a living trust. (I am sure they didn’t read my prior articles, but judges should know the law without having read anything that I have…
Question 1: Any updates on the state of the courts and unlawful detainers for lease breaches other than non-payment of rent? Answer 1: As has previously been discussed in this column, the state law passed in January known as SB 91 provides the comprehensive procedure and rules regarding nonpayment of rent cases through, at this…
On May 4, 2021, the County of San Diego Board of Supervisors passed an ordinance that further restricts evictions in San Diego County. This moratorium stops evictions at all stages unless the eviction is necessary due to an “imminent health and safety threat.” This moratorium becomes effective on Thursday June 3, 2021. The following questions…
Often, when landlords talk about prorated rent, it revolves around refunding a few days’ rent when a tenant leaves early or possibly charging them a few extra days’ rent if they stay a few days into the next month. They often overlook the opportunity to use prorated rent to make it easier for tenants to…
I was recently on a road trip with my family up the California coast enjoying a much-needed change of scenery since all my vacation plans have been cancelled for the past year due to COVID-19. We travelled from town-to-town and booked all of our hotels ahead of time so that we could be assured that…
Knowing when and where to take a risk is an important trait for any successful business owner, however, taking a risk on safety, security, and insurance coverage could be the last business decision you make. The following recommendations can help you avoid or recover from theft or loss. Maintain Your Property and Keep it in…
Over decades, I’ve attempted to serve more than 2,000 millionaires. Many are the proverbial “millionaire next door.” They are firefighters, history teachers and other “ordinary” people who didn’t start out as millionaires. Instead, they trimmed their lifestyle so they had money to invest. Then they selected an advisor who would help them achieve their goals.…
Many political friends and radio, television and newspaper directors fail to appreciate or understand the difference between very large, newly built, luxury apartment projects and the many small apartment owners who, typically, are families. Perhaps they own a duplex. One of the units becomes vacant and they’ve lost one half of their income. Our political…
SHOULD YOU ACCEPT RENTAL ASSISTANCE? Many landlords are faced with staggering losses of rent due to the pandemic. My clients have indicated that many of their tenants owe in excess of $20,000. Under a newly enacted statute, SB 91, landlords and tenants are allowed to apply for rental assistance due to the pandemic. The website…