Question 1: What is the latest on the COVID-19 eviction restrictions? Answer 1: As you have likely heard by now, the California legislature passed and Governor Newsom signed SB 91, just as the provisions of AB 3088 were about to expire January 31st. Primarily, SB 91 – christened the Tenant Relief Act – simply extends…
DetailsEfficiency. It is a trait that we value in our co-workers and also in the products we consume. For the multifamily industry and smart apartment technology in particular, efficiency is critical. [You may recall that smart apartment tech refers to internet-connected devices that manage your property’s units and common areas remotely; they are run and…
DetailsQuestion One: Are landlords in Los Angeles County allowed to evict a tenant for non-payment of rent which is NOT related to COVID-19? My property is located in the City of Lawndale? My tenant moved into the unit on November 15, 2020, paid December 2020 and stopped paying rent in January 1, 2021. I gave…
DetailsOne of the leading global economic forecasting groups predicted inflation will rise, potentially significantly, later this year, and the stock market will react very negatively. Global Macro Monitor (GMM), one of the world’s most respected (and most expensive – over $2,000 per year) forecasters made this prediction on January 11. GMM looked at inflation in over 50…
DetailsRental property owners are now integrating pet-friendly amenities in their apartments to allow renters to keep their favorite animal companions. The dog is humankind’s best friend, and this explains why it is the most domesticated pet. According to statistics in the United States, 63.4 million households own a dog, followed by 43 million households that own a…
DetailsIntroduction: Another recession, possibly a very serious one, is inevitable. We know it will happen, for it is part of the normal business cycle. The problem is that we don’t know when it will happen. It might be this year or it might be years / decades from now. Whenever it occurs, there will be…
DetailsLandlords reveal what advice they would tell a new investor if they asked about being a landlord now – (especially given the current state of affairs). How Do I Survive Now? Check your state and local laws carefully (particularly for various state and federal eviction restrictions and moratoriums. Work alongside a seasoned landlord for one…
Details[In December], I received a Christmas present from a nonpaying tenant. He abandoned the rental after paying nothing for six months. Within hours, I re-rented it. I called an existing tenant living in a studio. He wanted the bigger place. Another tenant referred her daughter to me to occupy his studio. Both units will be…
DetailsTo combat the statewide housing crisis, government officials in Sacramento have passed legislation to encourage property owners to add accessory dwelling units (ADUs) – small, secondary homes – to residential zoned single-family homes and multi-family buildings. The idea is that adding ADU’s will create more affordable housing in California. An ADU can be a stand-alone…
DetailsLegacy wealth doesn’t usually accrue in one investment. It takes several escrows over many years. This post is about apartment investment decisions, with an “s.” You will make those decisions as you make the learning journey of apartment investing. A well-honed decision process will increase the odds that you’ll make better investment decisions. I believe that…
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