Utility cost recovery is critical to maximizing a multifamily property’s NOI. Non-payments (and late payments) impact cash flow and the homeowner or property manager’s ability to properly budget. Of course, a number of factors impact utility cost recovery. But (arguably) the most important – resident billing itself – is too often overlooked. Why does billing matter…
DetailsThe Fed’s interest rate hiking policies last year resulted in the end of the longest stock and bond bull markets in recent history. And the Fed is clearly not done yet. So, should we expect more carnage in 2023? Most forecasters say yes. They may be correct. However, the Fed’s plans are clearly known, and…
DetailsFrequent commentator and housing provider Dean Hotop shares his tongue-in-cheek “wish” for the SJCC to pass [Community Opportunity to Purchase Act] COPA in the new year — highlighting how the initiative will weaken the free market, drive up housing stock costs, and disempower local homebuyers. What’s Your One Big Wish for Local Government for 2023?…
DetailsBelow are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: My building is subject to Statewide Rent Control (AB-1482). I have a tenant that is in violation of the lease by having an additional occupant that is not permitted. I served…
DetailsAs the economy continues to slide into recession, one of the areas that employers tend to look at to potentially save expenses is to reclassify employees to that of Independent Contractors. This is not only dangerous but can come to haunt an employer several years later should the IRS or any other taxing authority involved…
DetailsSchumpeter – The oft-quoted Joseph Schumpeter wrote the following defense of capitalism in his book “Capitalism, Socialism, and Democracy” (1942): “There is no doubt that things available to the modern workman that Louis XIV himself would have delighted to have yet was unable to have – modern dentistry, for instance. On the whole, however, a…
DetailsBelow are questions asked by rental property owners regarding California and Orange County rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: My building is subject to Statewide Rent Control (AB-1482). I have a tenant that is in violation of the lease by having an additional occupant that is not…
DetailsJust weeks after Los Angeles voters backed a new measure that puts a one-time transfer tax on property sales above $5 million (to generate money for affordable housing and homelessness prevention), the city’s affluent homeowners are already exploring potential ways of avoiding the tax. Known as Measure ULA (for “United to House LA”) the ordinance…
DetailsApartment hunting can be challenging for electric vehicle owners since they see charging stations as a necessity, not an amenity, in the community. Electric vehicle charging stations, and other next-gen amenities, can be effective tools for marketing a property, but only if used effectively. The landscape of property management and ownership is expected to undergo…
DetailsOn September 13, Governor Newsom signed into law AB 2559, a bill sponsored by Assemblyman Chris Ward, “to standardize reusable screening reports (RTSR) for rental applicants that can be used multiple times within a 30-day window.” Their purpose is to reduce a tenant’s cumulative financial burden of rental application screening fees, which may be as…
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