With the high-profile failures of Silicon Valley Bank and Signature Bank in New York earlier this [year], many large investors are now concerned about their money parked at US banks, especially those with more than $250,000 at any one financial institution. As you know, the Federal Deposit Insurance Corporation (FDIC) insures deposits at most banks – up to $250,000.…
In summary: At the direction of a bipartisan group of state lawmakers, the state auditor will complete a detailed audit of spending on California homelessness programs. The number of unhoused has grown, even as spending has increased The state has spent billions of dollars on homelessness in recent years. So why is the crisis getting…
As a leasing professional, conducting prospect tours is an everyday task that requires you to be mindful of fair housing laws. Discrimination in housing is illegal and can result in severe legal consequences. Therefore, implementing fair housing best practices can help ensure that you and your team remain compliant at all times. Consistent Tour…
Customer service. It’s the secret sauce that can turn a prospect from potential to SOLD! And while there are many factors to consider in the rental sales process, if you allow subpar customer service to persist at your properties, you’ll soon find yourself on a slippery slope of declining sales, lost revenue and a beleaguered reputation. In…
PRESS RELEASE Alhambra, CA — On May 22, 2023, the Alhambra City Council approved “Tenant Protection Ordinances.” Both an urgency Ordinance and the first reading of a non-urgency Ordinance imposing a temporary moratorium on no fault, substantial remodel evictions for certain residential tenancies in Alhambra were approved. The Ordinances passed with a 5-0 vote to…
In February of this year, State Sen. María Elena Durazo, (D-Los Angeles), announced a measure that strengthens the 2019 Tenant Protection Act bill capping rent hikes at 10 percent and prevents landlords from evicting tenants with no legal reason. On April 25, 2023, the committee passed the bill pending some amendments, after which it will…
I know that many clients believe I am borderline delusional when I tell them that what they are proposing to do – and sometimes have been doing for a long time – could lead to legal problems. But I know from whence I speak. I frequently defend property owners and employers in lawsuits brought…
Below are some frequently asked questions about source of income and the Section 8 housing program. Q: What is the new law regarding source of income protections? A: California has a law called the Fair Employment and Housing Act (FEHA) that protects people from housing discrimination based on categories including race, color, national origin,…
On Tuesday, April 25th the Buena Park City Council will be meeting to discuss expanding existing rent control, increasing fees and enforcements. Date: Tuesday April 25, 2023 Time: 6:00 P.M. Where: Buena Park City Hall. 6650 Beach Blvd., Buena Park, CA 90622 WHAT IS BEING PROPOSED? Expanding rent control to ALL rental properties in the…
The city of Los Angeles has expanded renter protections. The new protections now cover ALL RENTALS, including condominiums and single family homes in the City of L.A. NEW LAWS AND PROCEDURES Renter Protections Notice All residential rental property owners must provide a “Notice of Renters’ Protections” to tenants who begin or renew their tenancy on or…