Financial Documentation Application Fraud Has Exploded Snappt Announces Exceptional Growth in 2020! Los Angeles – Jan 26, 2021 – Snappt, a leader in real estate technology, continues to grow exponentially as a key enabler of financial document fraud detection. Apartment unit growth of 1400%, customer growth of 766%, geographic expansion to 35 new cities in North America and…
Even in the most robust seller’s market, there is one thing that gives an investment property owner pause: capital gains taxes. And as a California investment property owner, your tax liability on the sale of investment property can be substantial – as much as 42.1% – driving many investors to explore tax-deferral strategies like a…
PRESS RELEASE: Southern Legal Foundation (SLF) and the Texas Public Policy Foundation Prevail in Constitutional Challenge to Biden COVID Order! On February 25, 2021, the U.S. District Court for the Eastern District of Texas entered a final judgment declaring the Center for Disease Control and Prevention’s eviction moratorium order unconstitutional. The decision is the first…
As an apartment owner, you already have a lot on your plate, which is why becoming a member of a local apartment owners association, such as the Apartment Owners Association of California, Inc., (AOA) can be extremely beneficial for your success! During the COVID-19 pandemic, constant changes can be overwhelming. Apartment owners’ associations provide invaluable…
Q: My tenant has not been affected by COVID-19 and their failure to pay rent is not related to COVID-19. They gave me a Declaration of COVID-19 Related Financial Distress. Does my tenant have to prove that they are affected by COVID-19? A: No, currently there is no requirement for the tenant to prove they…
Property owners maximize their cash flow by having their buildings fully leased with minimum expenses. Does this mean that landlords should never fix anything in order to keep cash flow high? In case you were wondering, the question is rhetorical. Repairs and maintenance do not happen in a vacuum and ignoring them causes a “fix…
The following information explains Iten V. County of Los Angeles, a federal lawsuit filed by Pacific Legal Foundation to defend constitutional property protections. It is reprinted here with permission. Howard Iten is a retired auto mechanic who greatly depends on rental income from his one commercial property in Lawndale, California. His current tenant, however, is an…
The Tenant Relief Act was to end rent protections for tenants commencing with rent owed on Did You Know February 1, 2021. Under the original statute, a standard 3-Day Notice to Pay Rent or Quit could be served and an eviction could thereafter be filed. Unfortunately, on January 29, 2021 the Governor and the State…
Delays and backlogs in criminal and civil cases are spreading throughout California’s court system. Half as many cases were resolved — 1.4 million fewer — from March through August last year than during the same period in 2019, according to a report the state judicial branch’s administration put together. No one knows how many thousands of cases…
Net operating income (NOI) is the driver of value in real estate investing. Unfortunately, for many properties during COVID, the NOI has been capitated due to the mandated residential eviction moratoria (City, State, Federal), that run through the end of 2020. In 2021, as tenants find their footing and figure out how to pay rent, owners…