Over the past decade, there’s been an increasing number of operators regularly offering lease terms longer than 12 months. It’s part of a natural progression that I have observed over my 20+ years in pricing and revenue management in multifamily housing. When I first got involved with the industry, few operators offered leases shorter than…
DetailsThe following is a priceless list of advice from many successful landlords around the country who have learned from the school of hard knocks. Learn from their wealth of experiences. It is not necessary to learn everything the hard way! Assume that all prospective tenants are lying and be happy when you can prove…
DetailsQuestion One: I am selling a duplex in Glendale. It would be best if I could offer the units for sale without it being occupied. Am I able to terminate the tenancies and do I need to pay relocation to my tenants? Answer One: Glendale does not have a rent control statute for a duplex.…
DetailsSome of the benefits of selling or exchanging your investment properties are: Exchange for a larger, more expensive one therefore increasing cash flow and greater earnings potential. Exchange for several properties or several properties for one property. Increase depreciation for tax sheltering purposes on a building on for several years. Improve the quality of an…
DetailsReal estate has long been a popular asset used to build generational family wealth. One of the key tax advantages to passing real estate property to heirs is that those recipients benefit from a step-up in basis. That step-up is much like hitting the reset button on a property’s current market value. Step-Up Value That…
DetailsSelling Your Apartment Building Assuming your building is subject to Statewide Rent Control-AB1482, you cannot ask your tenants to vacate on the basis that you are selling the premises. That is not a ground to evict under the statute. You would need to sell the premises as a tenant occupied property. The new buyer could…
DetailsSadly, animal cruelty is incredibly common, and it happens everywhere—from urban areas to the most remote locations. Our nation is no exception. While it’s virtually impossible to calculate the number of animals who are neglected and abused annually due to underreporting, The Humane Society of the United States reports that a whopping 71% of domestic abusers are also…
DetailsPRESS RELEASE: Southern Legal Foundation (SLF) and the Texas Public Policy Foundation Prevail in Constitutional Challenge to Biden COVID Order! On February 25, 2021, the U.S. District Court for the Eastern District of Texas entered a final judgment declaring the Center for Disease Control and Prevention’s eviction moratorium order unconstitutional. The decision is the first…
Details“Pandemic”… When we hear that word, our minds reference historic outbreaks such as smallpox, the bubonic plague, and various strains of influenza. Epidemics have shaped history and impacted companies, even in modern times. The current Coronavirus – also known as SARS Coronavirus 2 or COVID-19, has society shutting down businesses, shelter-in-place orders and it has…
DetailsThe COVID-19 pandemic reared its ugly head in March of 2020. Very shortly thereafter, on April 6, 2020, the Judicial Council of California, which governs all the courts in California, responded by stopping all unlawful detainer actions except when the health and safety of other renters at a property are at issue. AB 3088, which…
Details