Rental ownership is face-to-face capitalism. It’s hands-on. When you own shares in a large corporation, you don’t get a say in how that company is run. When you own rental property, you make decisions that affect your income stream and the value of your asset. Good landlords increase their property’s value. The best landlords learn how…
DetailsVacation homes and single-family residents have traditionally been regarded as risky and sub-optimal investments compared to multi-unit properties, but has the COVID pandemic changed that? Tired of Being Home Travel plans came to an abrupt halt when the world was hit with the COVID-19 pandemic, but the need to get away and go on vacation became stronger than ever. …
DetailsQuestion One: I own a condominium in Long Beach, California. It is currently leased on a month-to-month rental agreement. My daughter is getting married and asked if she could move in after the wedding. Based on her request, I served a 60-day notice to terminate one of my tenants. My tenant informed me that they…
DetailsUnder the newly created Tenant Relief Act (AB 3088): A tenant cannot be evicted for nonpayment of rent that became due between March 1, 2020 and August 31, 2020 if the tenant returns a declaration of COVID-19-related financial distress to the landlord. A tenant cannot be evicted for nonpayment of rent that became due between September 1, 2020 and January…
DetailsWhoever thought that housing providers would be forced by law to rent their property to housing consumers for free? You can hear owners saying “that will never happen with my apartment building, it would be against the U.S. Constitution!” Well, folks, it has happened and, in addition, we could now be facing the loss of…
Detailsince the adoption of Proposition 13 in 1978, many long-time income property owners have benefitted greatly from property tax assessments that have grown more slowly than market values. This has given them property tax savings frequently equal to 20-30%, or more, of cash flow before property taxes. However, when you pass that property to heirs,…
DetailsOverview: Recessions are part of the natural cycle of economic growth. They serve to sweep away failing businesses while fostering new ones. Not all recessions are the same. Most recessions are shallow, of limited duration, and pass without affecting social norms. They are of no lasting cultural import. No additional welfare programs are added. The…
DetailsWell, Medicare season is fast approaching once again. Here comes that annual opportunity to change or upgrade our Medicare plans. Maybe it’s the chance to explore new plans and benefits, the chance to better your drug coverage and reduce costs, or to change your provider network. Yes, coming up is the Annual Enrollment Period…
DetailsThis November, radical rent control will appear on the ballot for Burbank voters. “Initiative RC,” also known as the “2020 Burbank Just Cause Eviction and Rent Regulation Measure,” implements its explicit policy of “regulating … to the maximum extent permitted.” It is apparent that the passage of the proposed initiative will have an immediate…
DetailsTo begin this discussion, let’s take a look at the U.S. inflation rate. The most-cited inflation measure is the Consumer Price Index (CPI). The CPI has been running around 2% or below since mid-2012. As you can see below, the CPI dipped to near zero in June of this year before rebounding modestly in July.…
Details