[Editor’s Note: Great news for the multifamily housing industry! Last month, Assembly Bill 1506, to repeal the Costa-Hawkins Rental Housing Act of 1995 was defeated! At the Housing and Community Development Committee meeting, (a five member committee) – two of the members were in favor, two were against, and member, Ed Chau, abstained; therefore, preventing the…
DetailsQuestion 1: When is a pet not a service animal? How do I verify that I can’t charge more for the pet? Answer 1: A service animal means any dog that is individually trained to do work or perform tasks for the benefit of an individual with a disability, including a physical, sensory, psychiatric, intellectual,…
DetailsA mentor, who has helped 100 households become financially independent, confides “There are a million ways to make a million dollars!” Wise investors select the strategy most fitting their personalities, capacities, and goals. This four-part series describes proven paths for investors who have progressed beyond single-family rentals. These ideas are demonstrative, not all inclusive. The…
DetailsQuestion: I am a landlord and do not want to look for new tenants every year. How many years should I make my lease for? 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 trying…
DetailsFollowing in the footsteps of tenant groups in Glendale and Long Beach, a Pasadena group has also filed preliminary paperwork to place a rent control initiative on an upcoming ballot. The Pasadena ballot measure would: establish a city-run rental housing board limit rent increases, and force the city to adopt “just-cause” eviction policies — which…
DetailsIf you recall about four and a half years ago, the Los Angeles court system did a sweeping overhaul with the unlawful detainer courts and closed many courthouses due to budget deficits. The eviction process, years ago, took about 30 days for an uncontested eviction whereas now it takes at least 45 to 60 days…
DetailsAs I write this on New Year’s Eve, I join the rest of the tax professionals trying to fully understand exactly how the 494 page TCJA will affect my clients. The TCJA represents the product of work begun by the GOP years ago, and refined (in mostly closed door discussions thru 2017 among the GOP…
DetailsTen –X Commercial, the nation’s leading online real estate digital marketplace, released the latest U.S. Multifamily Market Outlook including the top five “Buy and Sell” markets for multifamily real estate assets. The report shows that while fundamentals have begun to soften, demand across the apartment market remains strong due to positive demographic trends that continue…
DetailsI have been counseling clients for a long time to be careful of prepayment penalties that lurk everywhere in today’s mortgage environment. I don’t like prepayment penalties because they limit your flexibility as an investor (as both Buyer and Seller) in real estate, but they are hard to avoid, and my clients have had many…
DetailsHave recent storms gotten you thinking about diversifying your real estate investments? With the recent hurricanes in Texas and Florida and even the fires in California, it indeed has many local real estate investors thinking.