Lawmakers in Los Angeles seem to be taking a cue from our own Board of Supervisors as they explore legislation to impose a tax penalty on property owners who leave residential rental units vacant. As John Phillips notes in the Los Angeles Daily News, Los Angeles City Councilmembers Mike Bonin, Marqueece Harris-Dawson, Paul Koretz and…
DetailsAs clients and regular readers know, I have been more upbeat on the U.S. economy than many of my fellow financial writers in recent years, and especially this year. Several of the writers I read have been calling for a US recession this year and warn that it could be a rough one.
In the last week, cities up and down California discussed emergency tenant protections, as a results of passing the poorly planned and poorly written AB 1482.
DetailsWith the inception of AB 1482, determining the maximum allowable rent increases has become a much discussed, complicated matter.
Details“The real estate lobby might have believed that the recent passage of AB 1482 was the end of the story. They’re wrong. The time for real rent control is now.” -Housing is a Human Right Director, Rene Christian Moya
DetailsDemocrats pay lip service to the First Amendment and claim to encourage political engagement but, in reality, their desire is to silence all views but their own. Last month, a Court of Appeal made them pay for their hypocrisy.
Failure to Pay a Security Deposit It is unwise for landlords to lease a unit without first obtaining the required security deposit. Promises to pay the security deposit at a later time or in installments, will usually result in an eviction action being filed. If this is your situation, be advised that you do not…
DetailsHello everybody. In case you are not aware, on September 1, 2019 new 3-Day Notice laws and New Unlawful Detainer laws took effect. And they affect every landlord in California who serves a 3-Day to Pay Rent or Quit and every landlord who files an eviction action against a tenant.
With proper guidance, drafting, and implementation, your living trust estate plan will be effective to avoid probate, unnecessary taxes, and court control of your assets at your death or in the event of incapacity. However, without proper guidance, it is easy to make mistakes. First of all, incorrect assumptions or lack of prioritizing may lead…
DetailsThat rent control is an ineffective and often counterproductive housing policy is no longer open to serious question. The profound economic and social consequences of government intervention in the nation’s housing markets have been documented in study after study over the past twenty-five years. In response to this hard-earned experience, states and local jurisdictions from…
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