Lyndsey and Sharon Ballinger didn’t expect a cakewalk when a job change took them clear across the country and back, especially with two young children. What took them by surprise, however, was that moving back into their own house would cost them their savings and property rights.
Available for a limited time! Only one of its kind! Offer expires at midnight! These and similar phrases are used to make people “spring boldly into action.” They conjure up images of people rushing into department stores and retail outlets to take advantage of incredible offers on quality merchandise, especially during the holiday season.
On January 15, 2019, the Board of Supervisors unanimously passed an ordinance amending the wrongful eviction and tenant harassment sections of the Rent Ordinance. The amendment takes aim at the Costa-Hawkins rent increases allowed on condos and single-family residences (SFRs), and is meant to prohibit owners of SFRs and condos from circumventing eviction controls through…
DetailsQ: Nick, I would like some ideas on how to avoid losing a month’s rent between tenants. Even my good tenants do not leave the place in move-in condition. It needs painting, cleaning, and minor repairs. Do you have any suggestions? J.P. Cleveland, OH
On September 17, 2018 California Governor Jerry Brown signed into law SB 721 – “The Balcony Inspection Bill”. The bill arises 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“There are better things ahead than any we leave behind,” wrote author C.S. Lewis, one of the many thoughts about how a New Year brings hope. As great as Lewis was, he wasn’t a California taxpayer in 2019.
Below is a hypothetical example of a 1031 exchange investor that purchased DSTs with loans on them. It exemplifies the risk of debt, and the potential benefits of remaining as debt-free as possible when investing in DSTs.
Multifamily investing in 2019 and the market for multifamily properties is continuously changing, so here are seven expectations and predictions for the year ahead. On account of major political, social, and economic developments, investors will have to look at the bigger picture.
DetailsQ: I am a landlord of an apartment complex. I have several tenants that receive government assistance through Section 8 housing. All of my Section 8 contracts state the landlord is responsible for paying the water bill. However, I have one tenant that always has a really high water bill. He agreed to a rent…
DetailsIf you believe building code mandates always end up costing you more money, you’ve got a pleasant surprise coming with California’s new solar requirements for multi-family homes. Starting January 1, 2020, all new residential buildings in the state under three stories tall must include solar panels. New updates to Title 24 of the state’s Building Energy…
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