Governor Newsom proclaimed a State of Emergency in California on March 4, 2020 and thereafter issued Executive Order N-28-20 to protect renters affected by COVID-19 from eviction. The Executive Order, in part, suspends state law limitations on local jurisdictions that impose restrictions on evictions, giving local governments the authority to place restrictions on evictions for…
DetailsWhile this may not come as a surprise, many U.S. small businesses that are shuttered right now face a financial disaster. Unfortunately, it is becoming increasingly clear that millions of small businesses may not be able to reopen their doors when the economic lockdown ends.
Dear Governor: I strongly oppose bill AB 828! This bill places an unfair burden on all landlords who are already severely limited by rent control laws. Landlords are inundated with property taxes, mortgages, insurance, utility bills, vacancies, repair and maintenance. We are unable to properly maintain units as needed or get cited by the city…
DetailsNot since WWII have we experienced such a global sense of mass shock and dread as we are experiencing today. But we’re tough, and already are fighting back against the pandemic. I sincerely hope that each of you is well and safe.
The California legislature recently: 1) enacted its first ever statewide rent increase cap; and 2) now requires landlords to provide “just cause” for evictions. AB 1482 – The “Tenant Protection Act of 2019” became effective January 1, 2020 and remains in effect until at least January 1, 2030. It impacts at least 8 million renters…
DetailsHello everybody. From time to time, apartment owners take title to their property in the name of a corporation in which they are the sole shareholders. Typically, that is done for two reasons: (1) asset protection and (2) tax benefits.
“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;it has us talking…
DetailsThe Honorable Gavin Newsom Governor of California 1303 10th Street, Suite 1173 Sacramento, CA 95814 Dear Governor Newsom: Please immediately issue monthly RENTAL VOUCHERS for April and each month thereafter during this state of emergency to those renters who “qualify” as losing their source of income caused by COVID-19! These vouchers should be 100%…
DetailsAs we are all too aware, the coronavirus outbreak has taken hold of the domestic and global economy. The housing market is not immune to its impact but may be in a better position than many believe. Recent data shows that weekly unemployment claims soared to a record, which will, in turn, work to depress…
DetailsThe 2020 COVID-19 Pandemic has affected all businesses especially apartment owners here in California. In addition to operating your rental property and attempting to collect rent from your tenants, it is imperative that you understand and pay close attention to the changes made in the tax law as a result of the Coronavirus Aid Relief…
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