As you should be aware by now, Sacramento politicians have crafted a new law in an attempt to balance the needs of cash-strapped tenants and landlords. We have several reservations with the public policy, but it is the reality we have to deal with. At this risk of oversimplifying SB 91, landlords can recoup up…
DetailsOver 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…
DetailsQuestion 1: Any updates on the state rental assistance program that you described in last month’s article? Answer 1: SB 91– christened the Tenant Relief Act – included, in addition to its provisions extending through June the eviction protections to tenants in rent default, a “State Rental Assistance Program”, which seeks to allocate federal…
DetailsFinancial Documentation Application Fraud Has Exploded Snappt Announces Exceptional Growth in 2020! Los Angeles – Jan 26, 2021 – Snappt, a leader in real estate technology, continues to grow exponentially as a key enabler of financial document fraud detection. Apartment unit growth of 1400%, customer growth of 766%, geographic expansion to 35 new cities in North America and…
DetailsEven in the most robust seller’s market, there is one thing that gives an investment property owner pause: capital gains taxes. And as a California investment property owner, your tax liability on the sale of investment property can be substantial – as much as 42.1% – driving many investors to explore tax-deferral strategies like a…
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…
DetailsAs an apartment owner, you already have a lot on your plate, which is why becoming a member of a local apartment owners association, such as the Apartment Owners Association of California, Inc., (AOA) can be extremely beneficial for your success! During the COVID-19 pandemic, constant changes can be overwhelming. Apartment owners’ associations provide invaluable…
DetailsQ: My tenant has not been affected by COVID-19 and their failure to pay rent is not related to COVID-19. They gave me a Declaration of COVID-19 Related Financial Distress. Does my tenant have to prove that they are affected by COVID-19? A: No, currently there is no requirement for the tenant to prove they…
DetailsProperty owners maximize their cash flow by having their buildings fully leased with minimum expenses. Does this mean that landlords should never fix anything in order to keep cash flow high? In case you were wondering, the question is rhetorical. Repairs and maintenance do not happen in a vacuum and ignoring them causes a “fix…
DetailsThe Tenant Relief Act was to end rent protections for tenants commencing with rent owed on Did You Know February 1, 2021. Under the original statute, a standard 3-Day Notice to Pay Rent or Quit could be served and an eviction could thereafter be filed. Unfortunately, on January 29, 2021 the Governor and the State…
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