Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: Is there any indication that the eviction moratoriums in Oakland, Berkeley and Alameda County are going to be removed anytime soon? Answer 1: None that are apparent. It is discouraging that…
DetailsIncreasing Cost of Capital Causes Sales Volume to Drop Apartment sales volume fell while both equity and debt financing became more costly, according to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2022. However, demand in most markets was still strong relative to supply. “Continued interest rate hikes from the Fed have…
DetailsThe Big Show You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Thursday, October 27 at the Long Beach Convention Center in Hall C, 300 East Ocean! You’ll meet vendors galore with new products and services; you…
DetailsWhen it comes to enacting new taxes and fees in California, local governments have limits on their power. That means they can’t do whatever they want, whenever they want, to whomever they want. They can’t arbitrarily select a particular group of people or a particular activity and start charging new fees to burden them. And…
DetailsInvestment firms have taken over the management and control of retirement funds. This transition has caused thousands of people’s retirement plans to be switched from safety and guarantees, to risky and unpredictable stock market investments. When people direct their money into a 401K or IRA that is managed by a broker or plan administrator without…
DetailsWe all know the Social Security Trust Funds run at a deficit and at some point, will not be able to pay out the same level of benefits as they do now. When that happens, Social Security will only be able to pay 75%-80% of current benefits to Americans receiving such payments. Each year, the…
DetailsDear AOA: I am writing about Maria who helped me today. I just joined the AOA. I used to be able to depend on others to help me with my rental but life played a joke on me and I found out that I was being taken advantage of so here I am, navigating the rental…
DetailsThe Bureau of Labor Statistics has announced the 12-month adjustment (April 1, 2021 – April 1, 2022) in the Consumer Price Index (CPI) for the Los Angeles, Long Beach and Anaheim (Orange County) region has been set at 7.9%. This comes as no surprise as consumers have seen prices go up sharply for home sales,…
DetailsFifty percent of all evictions start with a fraudulent rental application. Armed with this knowledge, I’ll bet you have a greater desire to detect fraud. It’s not front-page news that eviction and criminal history are commonly omitted from rental applications. You run a credit report to find out what applicants are not telling you. It’s…
DetailsAs rents increase, more rental properties are being shared by more than one tenant, so here are three questions to answer before you sign with multiple tenants on the lease. It might seem like an antiquated phrase since most of us no longer buy apples in bulk, but the concerns about one bad apple spoiling…
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