Hello everybody. Most everyone hopes that 2020 will bring about the election of great president, low taxes, world peace, and other important things like that. As the legal writer for the Apartment Owners Association, my hope and 2020 New Year’s Resolution wish for AOA members is more modest, but nonetheless extremely important. In fact, it…
DetailsContinued from Part 7 . . . The widow’s advantage was that she saw “when” not as a fixed point in the future but as a trend line. “Over time,” she thought, “the line will go up. This investment will compound better than the available alternatives”. While she seldom bought individual companies anymore, sometimes she…
DetailsOne would think that if it’s the job of an Assemblyman to write a bill that impacts an entire state, then it would be done correctly the first time! Apparently, Mr. Chiu, the author of “Tenant Welfare” 1482, has created a lot of confusion throughout the state by writing one thing into law while meaning another in the case of CPI calculation.
DetailsWhat is a Qualified Opportunity Zone (QOZ)? A QOZs as described under the 2017 Tax Cuts and Jobs Act is a social program with the intent of redeveloping impoverished districts throughout the country by driving private capital to over 8,700 underserved communities and 35M Americans throughout by offering tax incentives to investors. (1)
DetailsMany landlords wish they could communicate better with challenging tenants who pose a number of problems for management. As a landlord, you may occasionally encounter tenants who bring a range of issues with them, like missing rent payments or keeping pets when the terms of their lease don’t allow it. You don’t have to dread…
DetailsThe Economist, one of the most respected publications in the world, published an opinion in its September 21, 2019 edition on the subject of rent control. The authors cite a shortage of rentals as the source of many of the challenges facing renters and owners today.
Mold has the potential for being an expensive and time-consuming discovery. It causes health problems and puts property owners at risk of losing tenants. The property could be considered uninhabitable and tenants have the option to break their lease, or worse, sue.
With the passage of the Statewide Rent Control, I have been receiving a deluge of questions regarding this statute. This month, the column will be devoted to the most popular questions that I have received regarding this topic.
Question 1: In addition to the new statewide rent and eviction control law you wrote about last month, are there any other new laws coming up we should know about? Answer 1: Yes, there are several. One pertains to the amount of notice that will be required to impose a rent increase exceeding 10%. One…
DetailsWith utility bills on the rise and submetering systems often cost prohibitive, many property owners are considering ratio utility billing systems (RUBS). Instituting RUBS is an inexpensive way to make tenants financially responsible for their usage and incentivize conservation.
