Hello everybody. On July 1, 2019, resident manager laws will change in many cities throughout California. Fortunately, the laws promulgated by the state of California will not change in any significant fashion until January 1, 2020. My column this month will address a number of the 2019 changes of city laws and other important aspects…Details
Q: What can I do if my tenant still owes me money after I applied the security deposit to the outstanding balance for unpaid rent and necessary costs to clean and repair the rental unit?
Q1: I have been a landlord in Los Angeles for the past 30+ years and my buildings did not get affected by the Northridge earthquake back in 1994 or any other quakes. Why do I need to retrofit my building?
The New Prop. 10: Rent Control Could Be On State Ballot Again In 2020 by – Gideon Kramer, SPOSFI News Editor
Prop. 10’s defeat in the 2018 election has not dampened enthusiasm for a statewide rent control measure. Despite the resounding defeat of Prop. 10 in last November’s election—the initiative lost in all but one of the state’s 58 counties, with only San Franciscans giving it majority support—original sponsor Michael Weinstein and his Los Angeles-based AIDS…Details
Dear City Council: I just wanted to throw in my two cents. I own several properties in Northern California. I have several tenants that are on hard times and I’m trying to do the best I can to help them. One of my tenants, an elderly couple, have been with me for over seven years..…Details
RENT CONTROL PUNISHES LANDLORDS! To the City Council: Hello, I believe a landlord should have some hope of getting to, or, very close to market over a reasonable period of time (not 50 to 100 years!) I came up with two ways this can be accomplished, while at the same time, tenants will have protections…Details
City of Los Angeles Coming Down on Landlords! Notice to Comply and General Manager Meetings By – Grayce Long, Attorney
Have you received a Notice to Comply or General Managers Hearing or has your property recently been inspected by HCIDLA for your annual SCEP inspection?
As a lender, I underwrote numerous properties. The easiest loans are permanent mortgages on stabilized multifamily properties especially if it is a low leverage request (loan-to-value no greater than 60% and debt service coverage of at least 1.30x). If your loan request looks like that, lenders will be eager to lend on your property. This…Details
In the last few years, TV, magazines and famous personalities have fueled a “do it yourself” (“DIY”) craze that has left many viewers itching to test their hand at home improvement projects. DIY-ing is definitely a fun and creative outlet, and leaves many feeling empowered and proud after successfully beautifying and/or personalizing their homes. Many…Details
Hello everybody. My discussion this month deals with the topic of whether an apartment owner must pay all or any portion of the cell phone bill of the owner’s resident managers who use their own personal cell phones when performing their work-related services.Details