Hello everybody. From time to time, apartment owners take title to their property in the name of a corporation in which they are the sole shareholders. Typically, that is done for two reasons: (1) asset protection and (2) tax benefits.
Does Your Insurance Policy Cover Business Interruptions? By- GSI Insurance, AOA’s Group Insurance Brokerage Company
“Pandemic”… When we hear that word, our minds reference historic outbreaks such as smallpox, the bubonic plague, and various strains of influenza. Epidemics have shaped history and impacted companies, even in modern times. The current Coronavirus – also known as SARS Coronavirus 2 or COVID-19 has society shutting down businesses, shelter-in-place orders;it has us talking…Details
The Honorable Gavin Newsom Governor of California 1303 10th Street, Suite 1173 Sacramento, CA 95814 Dear Governor Newsom: Please immediately issue monthly RENTAL VOUCHERS for April and each month thereafter during this state of emergency to those renters who “qualify” as losing their source of income caused by COVID-19! These vouchers should be 100%…Details
Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession By- Mark Fleming, Ph.D.
As we are all too aware, the coronavirus outbreak has taken hold of the domestic and global economy. The housing market is not immune to its impact but may be in a better position than many believe. Recent data shows that weekly unemployment claims soared to a record, which will, in turn, work to depress…Details
The 2020 COVID-19 Pandemic has affected all businesses especially apartment owners here in California. In addition to operating your rental property and attempting to collect rent from your tenants, it is imperative that you understand and pay close attention to the changes made in the tax law as a result of the Coronavirus Aid Relief…Details
Question One: I have a tenant who has failed to pay rent since December 1, 2019. I was trying to work with her, but she is now claiming that due to the Coronavirus, she cannot make any payments. I have now heard that the courts are not allowing the filing of any eviction actions. What…Details
The topic on top of the minds of many landlords is how the coronavirus is affecting rent payments. One landlord asked on our MrLandlord.com Q&A Forum: “Has anyone reached out to their local community services to see what rental assistance is available to the working poor who may be furloughed over the next few weeks?”
There’s a state-wide tenant organization called “Tenants Together” and they’re at it again. One of their beliefs is that housing is a human right, not a commodity and they have a genuine dislike coupled with misplaced anger for all landlords.
Q: I heard on the news that there is an eviction moratorium in the state of California. What that does that mean?
Dear President Trump and To Whom It May Concern: The purpose of this letter is to let you know how the present condition of our country is viewed through the eyes of an 80 year old single lady living in Los Angeles, CA. I am a legal immigrant who entered the US in 1963 with…Details