Some years back, I had an experience that taught me just how crucial a reliable property manager is for owners of out-of-state real estate. I’m a property manager by trade, but I’ve also dabbled in the ownership of rental assets over the years. One property I used to own was a mixed-use building in Georgia,…
DetailsAll Delaware Statutory Trust 1031 Exchange real estate investments must be accompanied by a unique Private Placement Memorandum (PPM) as part of its due diligence and marketing presentations. However, even more importantly, all potential investors must make a point to read thoroughly the contents of the PPM in order to get a full picture of…
DetailsAustin Bowlin IRC Section 1031 is undeniably one of the most generous sections of the tax code; however, the IRS rules and timing requirements to complete a tax deferred 1031 exchange are stringent. Navigating the 1031 process can be complex and a misstep can result in either a failed exchange or the purchase of replacement property that is not suitable. Experienced real estate…
DetailsOnly 16% of nearly half a million renters who applied for rent relief from the state of California have been paid, according to a new analysis released in March. And the clock is ticking: Under state law, landlords will be able to evict tenants who failed to pay rent by April 1. Of more than 488,000…
DetailsFranco Simone Below are questions asked by rental property owners regarding California property management and resident manager laws followed by answers provided by Attorney Franco Simone. Q: I am a landlord in the City of San Diego, and I have not updated my rental agreement with my tenant this year. Are there any new required…
DetailsDear Jeff: What an inspiration writing in this month’s AOA “From the President” – [August issue]. I appreciated the story of Jerry as well as the “try this” 1-9. My Mom and business partner, (age 100), says her secret to living so long is to “love people” and trust in God. Again, thank you. Arlene…
DetailsSB 9 also known as the (HOME ACT) went into effect Statewide in California on Jan. 1 2022. The City of Los Angeles along with many other California Cities and Counties are publishing their own guidelines daily. As expected, and as seen previously when the state ADU laws first went into effect, some local governments…
DetailsStandard Evictions Can Now Proceed! The California statute defines “COVID-19 recovery period rental debt” as rental debt of a tenant under a tenancy that came due between October 1, 2021, and March 31, 2022. Rental debt that became due during this time was subject to numerous requirements. One of the main requirements is that landlords…
DetailsAttorney Ethan Blevins City Planners tremble as they whisper a new term that embodies their fears – “Seattle-ization.” Washington’s Emerald City, one the byword for urban vitality, is now outpacing San Francisco as a cautionary tale in how over-regulation strangles the housing market. That does not mean, unfortunately, that observers understand the root cause of…
DetailsTenants across San Francisco are poised to gain new collective bargaining powers to affect conditions in their buildings, thanks to a move by lawmakers in March. The Board of Supervisors unanimously approved protections for tenants to form associations, akin to labor unions, that can negotiate with landlords over a wide range of concerns, including issues like…
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