Below is a letter sent to the Los Angeles City Council members. Honorable Councilmember and Staff: I just read about a proposal by HCIDLA to increase SCEP fees substantially and make the fees chargeable to the property owners. As you all surely know, SCEP came about during the terrible California Real Estate recession in…
DetailsThe following are 10 tips on how to achieve a seasonal marketing overhaul. Take New Photos Spring is when the flowers look their very best, when the skies are crystal blue, the summer haze has not yet set in and leaves on trees are multiple shades of green. Shoot new photos with all of your…
DetailsProperty owners initiating a 1031 Exchange often end up in that situation by choice after deciding to sell an investment property or business. But what happens when that decision to sell is out of your hands? That is the case when the government steps in to acquire a property by exercising its power of eminent…
DetailsAOA LENDS HELPING HANDS! Dear AOA: Good Morning, my name is Josie and I am a landlord. I am just learning how to manage an apartment complex on my own. I am sending you this compliment today as one of your employees, Victoria Ross, is one of the most customer service-friendly representatives I have ever…
DetailsCan you sell a property when you have one or more tenants who aren’t paying rent due to COVID-19? The short answer is YES, it is just a matter of taking the right steps to ensure that you and your real estate agent understand and follow current laws regarding notices, disclosures, the eviction moratorium and…
DetailsMany wise investors recognize that prices often drop during a recession. If you’re hoping to buy the next time apartment prices slip, buy a 2030 calendar and get ready. Within the next decade, we will probably have another recession. By the way, did you write any offers during the depths of this recession? In March,…
DetailsWith three COVID-19 vaccines now in distribution, the end of the pandemic is finally in sight, and we can transition toward planning for a post-COVID world. The novel coronavirus has impacted virtually every industry, and property management is no exception. Though the pandemic has brought tragedy and difficulty with it, we can at least salvage…
DetailsThe U.S. Department of Housing and Urban Development (HUD) has announced a new directive to begin implementation of the policy set forth in President Joe Biden’s executive order to prevent and combat sexual orientation and gender identity-based discrimination under Fair Housing rules. HUD’s Office of Fair Housing and Equal Opportunity (FHEO) issued a memorandum stating…
DetailsBubble: The Great Recession (2007-08) was the worst financial crisis since the Depression. Its roots predate the speculative dot-com bubble of 1995-2000 and lie in the birth of the World Wide Web in 1989. The second half of the 1980s were the glory days of the Web, the time when everything was possible. In 1986…
DetailsThe latest surveys show most Americans who are eligible to receive the new $1,400 stimulus checks included in President Biden’s latest $1.9 stimulus plan are in favor of the upcoming government payments. I guess that shouldn’t be a big surprise. What you may not know is with the passage of this nearly $2 trillion stimulus…
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