Housing-Related Bills Pending in the State Legislature for 2018 – by San Francisco Small Property Owners Association

AB 1796 (Muratsuchi D) Rental Property: Electric Vehicle Charging Stations. Current law requires a lessor of a dwelling to approve a written request of a lessee to install an electric vehicle charging station at a parking space allotted for the lessee in accordance with specified requirements. It exempts dwellings that are subject to the residential…

Details

Legal Q & A – by Richard Beckman

Question 1: We had a tenant break his 12-month lease and move out after only one month. We sent a letter explaining that he must pay rent until we find a suitable replacement and received a letter back from his attorney stating that since the gentleman’s income comes solely from Social Security he is considered…

Details

How to Retire While Your Real Estate Capital Keeps on Working (Part 4 of 4) – by Terry Moore CCIM

How does a wealthy household receive safe and solid cash flow, eliminate management stress and preserve capital for the next generation? They exchange into safety. Thousands of successful investors have used this strategy to succeed. This article crystalizes their wisdom. It is the last of a four-part series about legacy wealth. The three previous articles…

Details

After Billions in Tax Increases, Californians Deserve a Tax Cut – by Jon Coupal and Vince Fong

For millions of Californians, the state has been rendered unaffordable because of foolish and counter-productive policies emanating from Sacramento. A shocking one-third of California renters spend at least half of their take-home pay on rent, and only 40 percent can afford to purchase a median-priced home. Little wonder then, that one in five Californians lives…

Details

The 2018 Consumer Housing Insights Survey – by the National Multihousing Council

Below is part of the supporting data for the National Multihousing Council’s, (NMHC) report titled “Disruption – How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution”. The National Survey, conducted by Beck Research, questioned 1,000 adults with emphasis on renters and millennials. Key findings include:

Details

Did You Know? – by Attorney Dennis Block

Tenant Death Under California law, if a tenant dies in your unit, you must disclose this fact to perspective applicants for a three-year period. The only exception is if the tenant died of aids. Sex Crimes It is considered discriminatory not to lease to persons guilty of sex crimes IF you learned about their convictions…

Details

Risk vs. Reward – by Zachary Lawrence JD

Many of the decisions we make in business and in life, are arrived at by asking ourselves if the risk is worth the reward. I have a 68 year old friend who is running this year’s LA Marathon.  I admire her passion, discipline and mental toughness.  What I don’t like is the beating that her body…

Details