Just like in a romantic relationship, there is a right way to go about a breakup with your property manager. As my youngest son would say, “Don’t ghost.” (This translates to: don’t simply disappear and stop responding to texts and calls. That’s all the current dating lingo I’m privy to.) Most long-term rental property owners…
DetailsThe American landowner, especially in California, is rapidly becoming an endangered species. “Know-it-All” state and local legislators keep voting to make owning multi-family properties more difficult with absurd new regulations and of course, the most recent absurdity, the Los Angeles Mansion Tax. Enough is enough and that’s why property owners need to know about an…
DetailsRent growth is being driven by new units, and those multifamily rents are tied to supply as demand slows, says Yardi Matrix in its July report. Also, demand is being driven by a strong job market as the economy continued to add jobs in the first half of 2023. “While we still expect the economy to cool…
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: I have a tenant who has additional people and pets occupying the premises. In addition, they have installed a ceiling fan. These are all in violation of…
DetailsScammers and imposters who are posing as Internal Revenue Service collectors are on the rise with identity thieves contacting taxpayers through fraudulent calls, emails, texts or social media messages pretending to be the IRS. Here are tips to help taxpayers know when the IRS is truly contacting them. Letters and Notices A letter or notice…
DetailsThe toddler tenant found something new to play with … except it’s not a toy, it’s a sharp nail sticking out of the side gate! Owning income investment property is rewarding, but it is not without its risks and potential liabilities. While as owners and property managers, we cannot totally safeguard our properties such that…
DetailsIn times of economic uncertainty and market fluctuations, property owners are especially motivated to find innovative ways to mitigate financial challenges. This holds particularly true for real estate owners facing a dual threat: sinking property values and an unfavorable regulatory environment. In San Francisco, Los Angeles, Santa Ana and other cities in California that suffer…
DetailsEllis: Ellis Act evictions have increased over time. Courtesy image Overview: The Rent Control Board wants landlords who evict tenants to actually leave the rental market when they use a state law to remove renters from rent controlled properties The Rent Control Board (RCB) wants landlords who evict tenants using a state law to adhere…
DetailsThe complaint alleges Los Angeles officials have failed to maintain public safety and ignored the security and wellbeing of low-income and immigrant families. LOS ANGELES, CA –[In October], Larson LLP filed a lawsuit against the City of Los Angeles for failing to maintain public safety and order in and around a city-controlled alley adjacent to a…
DetailsHardest-to-rent markets: San Diego, Central Coast, Orange County ”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data. Buzz: Three California coastal markets are the hardest spots in the state to find an apartment while two Bay Area markets are…
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