Evictions Under the COVID-19 Tenant Relief Act Extends notice period from 3 to 15 days (not including weekends or holidays) to provide tenant additional time to either pay or provide declaration of hardship in response to landlord’s notice to pay rent or quit. Tenant cannot be evicted for nonpayment due to a COVID-19 related hardship…
DetailsThis wouldn’t be a California election without at least a few wildly contentious ballot measures about housing and property taxes. After a bit of last-minute legislative maneuvering, the 12 propositions that California voters will be asked to weigh in on has been finalized. Here are the three real estate-related ones: Prop 15: Split Roll Who…
DetailsQ: I am advertising my single-family residence for rent. I received an inquiry from an interested woman asking if I accept section 8 tenants. Can I refuse to rent to tenants that have section 8 vouchers? A: No, effective January 1, 2020, landlords with properties in the state of California cannot refuse to rent to…
DetailsWe are all wondering if brokers and investors can find deals during this pandemic. The answer is a resounding yes!!! Investors, appraisers, and financial institutions are resetting their visions and policies to adjust to our new reality. Consensus is that this current environment is not going away anytime soon so we need to adjust. In…
DetailsAn AOA member called our office to gain some guidance – she is a “mom-and-pop” landlord. She asked me if she would be able to sell her eight-unit Hollywood building while currently being sued by a past tenant – a past tenant who lived rent-free on her property for over three years! A property…
DetailsTenants are fearing homelessness, while many cash-strapped landlords are in dire straits. Private-sector interest-free loans could assuage the fear of eviction while keeping landlords solvent. When COVID-19 reared its ugly head, tenants’ advocates sounded the alarms, and lawmakers heard the call. Fearing massive displacement of renters who have lost income due to the pandemic, and…
DetailsFire Extinguishers are the first line of defense for your property against fire. They are most effectively utilized when they are readily available in sufficient numbers and have adequate extinguishing capacity. Most building fires occur around laundry rooms, elevator/electrical rooms, parking areas, and kitchens. If a fire occurs, remember to evacuate the building, sound the fire…
DetailsThe Howard Jarvis Taxpayers Association filed a writ of mandate directly to the California Court of Appeal for the Third Appellate District seeking reversal of a trial court decision handed down on Tuesday that failed to correct false and misleading ballot material submitted by California Attorney General Xavier Becerra to Proposition 15, the largest property…
DetailsThe current moment is a strange and dismaying one for people in all kinds of businesses – perhaps more accurately, it’s a strange time to be alive. In the past five months, the rapid spread of COVID-19 has accounted for hundreds of thousands of deaths and changed the way we go about our daily lives.…
DetailsIn a recent U.S. Tax Court matter, it was found that a taxpayer could not deduct a loss from their sale of real property due to the fact that they failed to establish the cost basis of the property sold. Losses are not deductible relating to non-business dispositions; therefore, taxpayers are not allowed to deduct…
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