[Author’s Note: I wrote this before COVID-19 had changed the landscape of ownership, but the contents of this piece remain true regardless. I’ll have another article ready soon that deals specifically with managing property in the current climate.] In property management, we’re almost always talking about the present. When describing the benefits offered to property…Details
Dear friends, it may be beneficial to examine the Fifth Amendment of the United States Constitution: “No person shall … be deprived of life, liberty or property … without due process of law … nor shall private property … be taken …for public use …without just compensation …”
Inflation: There is great satisfaction when investments appreciate in value, and a modest celebration is called for. Maybe get your hair done early this month. But before Diana starts the highlights, it is useful to understand that not every new dollar received benefits the investor equally. Appreciation comes in two forms. First, there’s the increase…Details
A version of this article by Porter Stansberry first appeared on April 17, 2020 in The Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm. You can visit them at www.stansberryresearch.com. Recently, an old friend said to me, Porter, I’m almost afraid to ask… but what do you think…Details
COVID-19 Rent Deferment The City of San Diego has instituted a temporary moratorium on residential and commercial evictions, due to nonpayment of rent. It is based on when the tenant demonstrates a substantial decrease in income or substantial out-of-pocket medical expenses, resulting from the COVID-19 pandemic.Details
Governor Newsom proclaimed a State of Emergency in California on March 4, 2020 and thereafter issued Executive Order N-28-20 to protect renters affected by COVID-19 from eviction. The Executive Order, in part, suspends state law limitations on local jurisdictions that impose restrictions on evictions, giving local governments the authority to place restrictions on evictions for…Details
While this may not come as a surprise, many U.S. small businesses that are shuttered right now face a financial disaster. Unfortunately, it is becoming increasingly clear that millions of small businesses may not be able to reopen their doors when the economic lockdown ends.
Dear Governor: I strongly oppose bill AB 828! This bill places an unfair burden on all landlords who are already severely limited by rent control laws. Landlords are inundated with property taxes, mortgages, insurance, utility bills, vacancies, repair and maintenance. We are unable to properly maintain units as needed or get cited by the city…Details
Not since WWII have we experienced such a global sense of mass shock and dread as we are experiencing today. But we’re tough, and already are fighting back against the pandemic. I sincerely hope that each of you is well and safe.
The California legislature recently: 1) enacted its first ever statewide rent increase cap; and 2) now requires landlords to provide “just cause” for evictions. AB 1482 – The “Tenant Protection Act of 2019” became effective January 1, 2020 and remains in effect until at least January 1, 2030. It impacts at least 8 million renters…Details