In the Great Recession, millions of borrowers with weak credit and little reserves had loans with high rates. In a horrifying spiral, many lost their jobs and then their homes or fourplexes. The market was flooded with foreclosures and short sales. My friends, clients, and competitors bought local homes at massive discounts. They expected values…
DetailsBelow are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: As always, any update on the lawsuits against the eviction moratoriums in Oakland and Alameda County? Answer 1: In the City of Alameda’s lawsuit against the Alameda County moratorium (City of Alameda…
DetailsDecember has delivered a powerful punch of storms to California. But the wet weather comes with a dry dose of reality: The state’s largest reservoirs remain badly depleted, projected water deliveries are low, wells are drying up, and the Colorado River’s water, already diminished by a megadrought, is severely overallocated. Throughout California, urban water managers…
DetailsThere are a number of potential benefits associated with exchanging into a Delaware Statutory Trust (DST) 1031 property. However, it is important to note that these potential benefits should also always be carefully weighed with the potential risks that are possible with DST investments, and as with all real estate investments, investors should consult their…
DetailsBelow are questions asked by rental property owners regarding California property management followed by answers provided by the law firm of Simone and Blevins. Q: I recently published an ad for my rental unit in Spring Valley. This is the first time I am processing rental applications. Do I need to have the applicants fill out…
DetailsOwners, franchisors, architects, designers and building contractors who participate in the design and construction of shopping centers, strip centers, hotels, apartment buildings, restaurants and other places that are open to the public must ensure that these facilities comply with the Americans with Disabilities Act (“ADA”). Preventing ADA mistakes is much less expensive if the mistakes…
DetailsThis is a common question and misbelief that many people have, and it is a question that I get asked often. A Revocable Living Trust (“RLT”) is an essential part of an estate plan that any property owner should have in place (before dying). The main purpose of this kind of trust is to manage your…
DetailsLegal Alert | Deadline 02/28/2023 Chula Vista Residential Tenant Protection Ordinance ATTENTION ALL CHULA VISTA LANDLORDS: YOU MUST PROVIDE ONE OF THE FOLLOWING NOTICES TO YOUR TENANTS BY 02/28/2023 REQUIRED BY THE CHULA VISTA RESIDENTIAL TENANT PROTECTION ORDINANCE (TPO). (1) Notice of Exemption OR (2) Notice Chula Vista TPO Applies How do I find out…
DetailsAll 88 cities within L.A. County now fall under the L.A. County Eviction Moratorium. Please pay close attention to the new forms and the new requirements when serving eviction notices. Greater Los Angeles Update With the expiration of the L.A. City Emergency Declaration at the end of last month, all 88 cities within L.A. County,…
DetailsReal estate investment has long been a popular asset class for individuals looking to expand their net worth with appreciation and cash flow that accrue over time. For many of our clients, those real estate holdings end up serving as a “personal property pension plan” – a nice nest egg that can provide financial security…
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