Lawsuit Filed Against Rental Property Owner for Refusing Section 8 The Housing Rights Center (HRC) has filed a lawsuit on behalf of an elderly tenant in Los Angeles who suffered illegal discrimination because she receives a Section 8 Housing Choice Voucher. Source of income discrimination is a violation of city and state law.The 78-year-old senior…
DetailsWith 2021 behind us and eviction moratoriums coming to an end, investment property owners ready to make a change are evaluating new opportunities and often planning to perform a 1031 Exchange. Many owners are motivated to sell because of the increasingly demanding regulatory environment. Others are selling because of lifestyle changes, and the desire to…
DetailsReal estate investors forget how important accounting is to their investment success. Most investors just look at one thing – how big the check is at the end of the month. But in fact, in addition to inspecting your property on a regular basis, keeping it well maintained and having great communication with your property…
DetailsBelow 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 recently decided that managing my 15-unit apartment building in Oceanside, California is too difficult. I decided to hire a property management company to take over managing my apartment building.…
DetailsOn March 24th, 2020, state and local officials made emergency declarations because of a deadly virus that has now claimed the lives of over 816,000 Americans (Coronavirus COVID-19 (2019-nCoV) (arcgis.com). At that time, there were many unknowns. Overnight, millions of people were out of work, while others were dying of a mysterious virus. We gave…
DetailsGov. Gavin Newsom signed dozens of housing bills into law this year, but one of the most popular among housing experts had little to do with homes for people and a lot to do with homes for cars. AB 2097 The new law in question, [Assembly Bill No. 2097] does away with certain parking minimums — a…
DetailsWe recently attended an apartment owners tradeshow and were surprised to hear many experienced investment property owners ask us the same questions throughout the afternoon. That’s why we thought it might be a good idea to write about what exactly were the three most commonly asked questions we heard during that conference that relate to…
DetailsRESIDENT MANAGERS: SUMMARY OF CALIFORNIA WAGE, HOUR AND RENT LAWS FOR 2022 for owners and management companies who employ less than 26 total employees. (Effective January 1, 2022) DALE S. ALBERSTONE, ESQ. ALBERSTONE & ALBERSTONE 269 S. Beverly Drive, Suite 1670, Beverly Hills, CA 90212 Telephone: (310)…
DetailsLandlords are still required to provide an itemization of deductions made to the security deposit to their former tenants within 21 days after the tenant vacates. Even with all of the COVID moratorium laws and rent deferments, landlords’ obligations to provide itemizations have not been waived. In fact, in February 2021, the State Legislature enacted…
DetailsThe American dream of homeownership has been rehashed throughout the past decade, with more households renting than at any point in the last 55 years. Although renting was previously considered an alternative brought on solely by circumstances, one-third of this decade’s renters now say that it’s a matter of choice. In fact, according to our previous study, a diverse set…
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