Everything You Need Know About Creating Multi-Family ADUs But Did Not Know to Ask By John Taferner Accessory Dwelling Units (ADUs) are a new income stream for property owners. Before 2020, only single-family lots were allowed to add an ADU, which meant multi-family lots were left behind in the ADU boom. Now, things have…
DetailsCalifornia Now Lets You Build a “Granny Flat” On Your Property by Terry Moore, CCIM | If you’re a homeowner in San Diego County, a recent state law offers you the opportunity to do something good for yourself and our community. Here’s some information about the law and five ways you can take advantage…
DetailsCredit Bureau Report Reveals Pandemic’s Impact on Rental Industry By the Editors of the Rental Housing Journal The COVID-19 pandemic has wreaked havoc on our global economies. Some populations, though, including renters, have been particularly hard-hit. TransUnion recently conducted an intensive analysis to better understand the impact of shutdowns, illness, and quarantines on the financial…
DetailsThis year, more than ever, having great tenants who pay rent on time is golden. If you have tenants whose income was affected by COVID-19 and who are not paying rent, or who have chosen to use the current crisis as a cover and decided not to pay rent, 2020 has probably been a frustrating…
DetailsI was deeply saddened and disturbed while watching news reports about the protestors that stood outside of St. Francis Hospital in Lynwood chanting “we hope they die” while two of our brave Los Angeles County Sheriff’s Deputies lay there badly wounded following an unprovoked ambush-style shooting in Compton. What is happening in our communities today…
DetailsAs I write this article 35 days before the election, and just one day before the first Presidential Debate, I have no idea who will win the election. But, by the time you read this article, you will probably know, or have a good idea, who won. If it looks like President Trump will be…
Detailsby Klarise Yahya, Commercial Mortgage Broker, BRE: 00957107 MLO: 249261 Continued . . . Recession of 1945 –Duration: 9 mos. GDP decline: 10.9%. Peak Unemployment: 5.2%. 10yr T-Note Beg 2.36% / End 2.23%. Rapid demobilization following WWII reduced America’s armed forces to 1,566,000, an 87% reduction but still about 9 times the pre-war 1939…
DetailsCOVID-19 and Lease Termination Many tenants believe that due to the pandemic, they can terminate their fixed term lease without consequences. This clearly is not the case. Under the Tenant Relief Act, AB 3088, if a tenant has an inability to pay the rent due to the pandemic, the rent will be deferred. It is…
DetailsI have a tendency to roll my eyes when President Trump brags about the strongest economic recovery in U.S. history before COVID-19 hit. While it was not the strongest economy in terms of Gross Domestic Product growth, it was indeed the best ever based on several other economic metrics, as I will point out in…
DetailsQuestion: I am a landlord and do not want to look for new tenants every year. Should I enter into a long-term lease with my tenants? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not lose time and rent…
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