Question One: I own a condominium in Long Beach, California. It is currently leased on a month-to-month rental agreement. My daughter is getting married and asked if she could move in after the wedding. Based on her request, I served a 60-day notice to terminate one of my tenants. My tenant informed me that they…
Under the newly created Tenant Relief Act (AB 3088): A tenant cannot be evicted for nonpayment of rent that became due between March 1, 2020 and August 31, 2020 if the tenant returns a declaration of COVID-19-related financial distress to the landlord. A tenant cannot be evicted for nonpayment of rent that became due between September 1, 2020 and January…
Whoever thought that housing providers would be forced by law to rent their property to housing consumers for free? You can hear owners saying “that will never happen with my apartment building, it would be against the U.S. Constitution!” Well, folks, it has happened and, in addition, we could now be facing the loss of…
ince the adoption of Proposition 13 in 1978, many long-time income property owners have benefitted greatly from property tax assessments that have grown more slowly than market values. This has given them property tax savings frequently equal to 20-30%, or more, of cash flow before property taxes. However, when you pass that property to heirs,…
Overview: Recessions are part of the natural cycle of economic growth. They serve to sweep away failing businesses while fostering new ones. Not all recessions are the same. Most recessions are shallow, of limited duration, and pass without affecting social norms. They are of no lasting cultural import. No additional welfare programs are added. The…
Well, Medicare season is fast approaching once again. Here comes that annual opportunity to change or upgrade our Medicare plans. Maybe it’s the chance to explore new plans and benefits, the chance to better your drug coverage and reduce costs, or to change your provider network. Yes, coming up is the Annual Enrollment Period…
This November, radical rent control will appear on the ballot for Burbank voters. “Initiative RC,” also known as the “2020 Burbank Just Cause Eviction and Rent Regulation Measure,” implements its explicit policy of “regulating … to the maximum extent permitted.” It is apparent that the passage of the proposed initiative will have an immediate…
To begin this discussion, let’s take a look at the U.S. inflation rate. The most-cited inflation measure is the Consumer Price Index (CPI). The CPI has been running around 2% or below since mid-2012. As you can see below, the CPI dipped to near zero in June of this year before rebounding modestly in July.…
Question 1: Have there been any developments on the rights of landlords during the COVID-19 crisis? Answer 1: Not surprisingly, yes. The two biggest developments are the expiration as of September 1 of the California Supreme Court’s April 6th order, applicable to all county courts, which had operated to prohibit new eviction actions (other…
Where does everyone advertise their vacancies? That was the million dollar question asked last week on our forum. The responses from landlords across the country are below (in no special order, just as they were shared): 12 Places Where Landlords Advertise Zillow Zumper Craigslist Gosection8 Hot Pads Trulia MLS Facebook Marketplace Facebook Groups Apartments.com AHRN…