The rental market in the US is in flux. People paying 40% of their income to rent has reached the highest number ever – the recommended proportion is 25 to 30% of income to rent. It is understandable that a market correction is coming, and it appears to be here. In the face of rising…
DetailsPlease use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success! NEW 2023 RESIDENT MANAGER LAWS: For your protection, you should have a new, updated, written, legal Resident Manager Agreement containing all NEW LAWS. (Read Attorney Gary Ganchrow’s…
DetailsWelcome to the new year and the many opportunities for AOA members in 2023! We will continue to ramp up the frequency of in-person seminars that are held locally and throughout the state. These in-person events provide a tremendous opportunity to go deeper than the online events. Though face-to-face is the ideal way to meet…
DetailsThe below information is from the City of Oakland’s website. The Oakland City Council has adopted a requirement to establish a rent registry for all units subject to the Rent Program Fee. As of March 1, 2023, owners of these units will be required to report rent and tenancy information to RAP on an annual…
DetailsReasonable accommodation requests can be completely obvious and straightforward. Still, more often than not, they require a little bit more due diligence or investigation to verify the need for what is being requested. Along with that is the range of requests a leasing office can come across: accessible unit, live-in aide, and parking-spot requests, just…
DetailsWhen the Consumer Price Index jumped briefly above 9% earlier this year, Americans were told the higher inflation would be “transitory.” Regular readers may recall that I disagreed with this forecast at the time and warned that inflation jumps of that magnitude are often entrenched and very hard to bring down. While the CPI has since slipped…
DetailsWWII closed down in three acts. The Italians retired from the field in September, 1943. The Germans left in May, 1945. The Japanese pressed on another four months, not capitulating until the actual surrender document was signed on 2 September, 1945. Even then, there were Japanese belligerants who failed to get the memo and continued…
DetailsBaby Boomers, long the drivers of consumer culture in the United States, are no longer the top of the pecking order. Millennials and Gen Z, the generation after them, have taken over! Millennials are now the largest of all living generations. Gen Z, mostly the children of the smaller Gen X, aren’t far behind. And both…
DetailsBelow is an advertisement to hire part-time testers in 24 Indiana counties. This ad was spotted recently by an Indiana landlord. “Needed Fair Housing Testers (Secret Shoppers)” “Stated simply, testing is typically sending two individuals with similar profiles and housing needs but with different protected class statuses, such as race, to the same available housing…
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 property is subject to the Los Angeles City Rent Stabilization Ordinance. I read that you can proceed with evictions if tenants did not pay a security deposit equal to…
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