Real 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…
DetailsAs 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…
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