Question 1: I have a tenant in a Lake County single family residence who is not paying rent. Moreover, the County has posted a notice of abatement citing accumulated household trash and other issues that are causing a health and safety issue. The abatement orders were issued 7/28/20. My understanding of the COVID-19 moratorium is…
DetailsThe process of buying and selling multi-unit income producing properties is a bit mysterious and risker compared to single family residential properties. If you could remove some of the risk so that you increase the probability that the sale will close, and at the same time increase the amount of money you can sell or…
DetailsOn September 17, 2018 California Governor Jerry Brown signed into law SB 721 – “The Balcony Inspection Bill”. The bill arose in response to the tragic deaths of six UC Berkeley students in 2015 at a downtown apartment complex due to the collapse of a balcony. Owners of multifamily apartment buildings with three or more…
Details[A landlord] violated the Washington eviction moratorium by threatening tenants and starting to evict 14 of them, and will pay $350,000 to settle a lawsuit, according to a release from Washington Attorney General Bob Ferguson. A Nevada corporation, headquartered in Los Angeles, will pay almost $300,000 directly to tenants in the form of refunds, payments…
DetailsContinued . . . In the mid 1600’s the Dutch Republic was beginning its climb to global power. The Dutch traders, having a monopoly of trade with Japan and the East Indies, had become the middlemen between European nations and the Far East. For a period, Amsterdam’s population was doubling every 20 years (an annual…
DetailsAs a landlord, you may not necessarily describe your business as “tech-based” – this despite the fact that you’re surrounded with the type of technology on a daily basis that helps you not only do your job more effectively, but that also helps to build and strengthen the relationships that you’re forging with your tenants.…
DetailsIn the short-term, real estate investors will be faced with two sides of the same investment coin. Those investors with cash will be able to buy investments that others cannot close on due to the slowdown of the financial marketplace. Those without cash will need to bail out of deals because many of their loan…
DetailsWhen selling real estate investment property, investors generally have two options: Pay the taxes on any gains from the sale, or, Conduct a 1031 exchange and defer the taxes owed. Recently, because of the financial uncertainty surrounding 01and the overall state of the economy, some investors are choosing to pay the taxes on any…
DetailsI manage a 15-unit property in west Los Angeles. One of the tenants is a troublemaker. Let’s call her Jane Doe. Jane Doe has repeatedly violated the terms of her lease. She doesn’t allow access into her unit for repairs, neighbors complain about loud noises coming from her unit at odd hours and she is…
DetailsAs the owner of a Paralegal Business that specializes in Landlord-Tenant evictions, I also have seen my 15 year old business drop about 90 % in the last three months. Because I operate in two counties and have other services to perform, I will survive, but its close. Right now, I have clients with twenty-seven…
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