The U.S. Bureau of Labor Statistics (BLS) reports the Consumer Price Index (CPI) and the Producer Price Index (PPI – wholesale prices) every month. The CPI rose 0.2% in November, according to the BLS, and was up only 1.2% for the 12 months ended November.
Two attorneys recently joined the National Real Estate Investors Association for an online discussion to help landlords and property managers understand how best to deal with the new federal eviction moratorium. [The] nationwide federal eviction moratorium had been ordered through the Centers for Disease Control (CDC) to halt residential evictions through the end of December…
DetailsLast month, the City of Concord adopted an ordinance prohibiting smoking and vaping in and around multiunit and attached residences. This restriction applies to both interior and exterior areas (patios, balconies, decks, and porches) of rental and ownership housing types including: apartments, attached condominiums, and townhomes. A designated smoking area can be established if certain criteria are…
DetailsWhat Are the Landlord’s Responsibilities? Before we talk specifics, let’s cover when and how a security deposit refund should be handled. The landlord has 21 (calendar) days from the day the keys are handed back by the tenant to mail the Security Deposit Refund letter (AOA Form 133). If the expenses total more than $125,…
DetailsThe below article was written by David Mashian of MoneyMac Loans. REAL ESTATE LOANS Interest Rates – Historically low interest rates have driven the recent residential purchase and refinance boom. Lenders are independently raising interest rates to slow demand. The Fed will keep interest rates low until 2023 to help offset a housing and economic crash.…
DetailsQuestion 1: What is the latest on the COVID-19 19 eviction restrictions? And what about the recent CDC order halting evictions? Answer 1: As for the recent CDC (Centers for Disease Control and Prevention) order, nothing changed other than the extension of its effective date to January 31, 2021 from the end of December 2020.…
DetailsEarlier in 2020, a building owner in Culver City (who wasn’t a client of ours yet, but would become one shortly) was approached by one of his tenants with a mold complaint. The tenant had already ordered a mold test on the property at his own expense – he worked for a property management company,…
DetailsQuestion One: My company recently purchased a rent-controlled building and the leases do not prohibit smoking. We’ve distributed a memo regarding a new No Smoking Policy, in response to one tenant complaining about smoke entering his unit and causing a health hazard. Can the offending tenant, who keeps smoking, be evicted for committing a nuisance…
DetailsTo the Los Angeles Journal: What’s most disturbing is that the City Council and others passed a “moratorium” which restricts and prevents landlords from imposing the annual, rental-mandated, municipal rent increase. Under the Rent Stabilization Ordinance, the tenants’ rent may be lawfully increased each year based upon the Consumer Price Index. There’s a ceiling of…
DetailsBetty Friant, Senior Vice President overseeing the Washington, DC office of Kay Properties recently interviewed CEO and Founder, Dwight Kay about a very important topic for anyone thinking of doing a 1031 Exchange in the last quarter of the year. Betty Friant: So, Dwight. Thanks for taking the time to go over a critical…
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