Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney, Dennis Block. Question One: I have a 4-unit building in the City of Hawthorne. I recently formed a limited liability company (LLC) and transferred the building to this entity. Regarding the existing tenants, should…
DetailsHaving been so caught up in the COVID Eviction Moratorium drama, you may have missed complying with AB 1482 – (California State Rent Control), which went into effect in 2020. However, now that moratoriums and rent freezes are beginning to expire (in some areas), it’s important that we revisit this law. California State Rent…
DetailsBomb damage or rent control? That was the caption under this picture in a 1981 book about rent control across the world. Looking at the photo, it’s impossible to tell the difference. Almost 40 years later, the story hasn’t changed: outside of wars and natural disasters, rent control is the single most effective destroyer of property and property…
DetailsThe best investors understand they won’t suddenly know if it’s time to sell. They decide if the time is right. Selling and moving up is how they build legacy wealth. Why Sell? There are many triggers for an investor to sell an apartment building. Let’s begin with the financial reasons: dollars and cents and…
DetailsJoin Us as We Take Political Action Too Long Two’s Day (Tuesday) On Tuesday, 2/22/2022, between 2:00 p.m. and 3:00 p.m., please make two phone calls. One to your city council member and another to your county supervisor. Although the state eviction moratorium has expired, there are multiple counties and cities that continue to extend the…
DetailsOn January 25, 2022, the Los Angeles County Board of Supervisors voted to extend the COVID-19 Tenant Protections Resolution through December 31, 2022, unless repealed or further extended by the Board. What is the County’s COVID-19 Tenant Protections Resolution? The County’s COVID-19 Tenant Protections Resolution (formerly the LA County Eviction Moratorium), which went into effect…
DetailsTitle is the word to describe the “bundle of rights” you enjoy as the owner of real estate property. We say that as the owner, you “hold” the title, but title is not a physical thing; rather, it’s the concept of the rights granted over the property through the deed. However, title isn’t just one…
DetailsFor most Americans under the age of 50, inflation has never been much of an issue. Yes, prices rose a little every year but that was considered normal. Price increases of 1-2% a year for most goods and services were to be expected. People under the age of 50 were too young to fully experience…
DetailsNew Law for California Landlords Beginning January 1, 2022, residential landlords shall provide the booklet “Information on Dampness and Mold for Renters in California”. This booklet must be given to prospective residential tenants prior to entering the rental or lease agreement, in accordance with the 2001 Toxic Mold Protection Act (HSC #26148). The booklet, which…
DetailsClogged supply chains. Hiring struggles. New mask rules. A virus that trampled right over return-to-work schedules. Last year was chaotic for many businesses across California. What does 2022 hold? Layered on top of pandemic uncertainty is the question of what policymakers might do for — and to — businesses. “2022 is going to be a very…
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