What is Costa-Hawkins? For landlords, and truthfully for the entire economy, Costa-Hawkins is a very good law. In 1995, the State of California enacted a law that stopped cities from imposing rent control on new construction, single family homes, condominiums and townhomes. It prevented municipalities from instituting rent control for buildings constructed after 1995. If…
To my surprise, the median price for a single-family home reached an all-time high in the last few months of over $600,000 in California. I believed with lending being so restrictive, California would have a hard time passing its former high in median price. That conclusion was wrong.
Question 1: Our tenant of three years is complaining of mold. We have inspected but see no visual evidence of mold. He says that he uses a mold detection device and the reader says there is mold in the air. What plan of action is required of us? Answer 1: As the owner, you always…
Question One: I have an old friend from high school who is homeless. I have allowed him to live on my front porch. My house is located inAlhambra. Things have not gone well and he has become a nuisance with constant noise and bathroom issues. I have asked him to leave and when he refused…
The multifamily apartment industry is never boring. Multifamily stats in 2018 are yo-yo-ing on a month-to-month basis but overall numbers and trends are positive for much more product on the market. Industry watchers attribute confidence in the development sector to the healthy state of the economy, with labor shortages leading to modest gains in pay…
The crippled lad clung to the millionaire’s leg. The American had gently put the young man into the gifted wheelchair and expected to move on to the next needy Bosnian child. The youngster would not let go.
The below is an open letter, written by Attorney Michael Millman. [AOA: The following will not happen when we defeat Proposition 10!] Dear Members and Friends: Over the last 40 years, studies conducted by the Rand Corporation, and most recently, Stanford University, have confirmed and verified that RENT CONTROL IS NOT THE SOLUTION FOR PROMOTING…
Everyone loves an open house. Realtors have portfolios with hundreds of homes for sale. A simple phone call can arrange an appointment for a home tour. Placing a sign in the front yard announcing OPEN HOUSE TODAY, creates interest. The results are significantly different than the inquiries generated by the HOME FOR SALE sign.
VOTE NO ON PROPOSITION 10 – Repeal of 1995 Costa Hawkins Fair Housing Act The below is an open letter, written by Attorney Michael Millman. [AOA: The following will not happen when we defeat Proposition 10!]
ent Control and Vacancy Rates There can be no doubt that rent control creates housing shortages. For almost 20 years, national vacancy rates have been at or above seven percent – a figure generally considered normal. Cities such as Dallas, Houston and Phoenix, where development is welcomed, have often had vacancy rates above 15 percent. …