One of the most common questions I’m asked is if there is a way to sell an investment property, keep the money and defer taxes. If you’re like some of my clients, you’re ready to enjoy the fruits of the wealth you’ve amassed and you don’t want to pay the government a large capital gains…
The Section 8 Department will implement Small Area Fair Market Rents (SAFMRs) for applicants and participating families in the Housing Choice Voucher Program (HCVP). SAFMRs are defined based on the U.S. Postal Service ZIP code areas. They reflect rents at the ZIP code level with the goal to improve tenant outcomes. They have been shown to be…
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…
Note from AOA: “Keep in mind that the following article also applies to tenant welfare, (i.e. rent control), moratoriums and other disgusting things that politicians pass to punish rental housing owners.” Today, we turn our heads, looking back…trying to learn from our experience in Argentina. But we begin by noticing changes in America. TIME Magazine,…
How has tenant screening in California changed in 2023? For starters, the maximum allowable rental application fee that a housing provider can charge is now up to $59.67, thanks to inflation related to the CPI. The mystery shoppers are back out on the job, looking for landlords who might discriminate against applicants with Section 8…
In March 2020, a motion was brought forward to the Los Angeles County Board of Supervisors (BOS) to establish a temporary eviction moratorium in response to the COVID-19 pandemic. The moratorium prohibited landlords from evicting tenants for non-payment of rent if the tenant could demonstrate financial hardship related to the pandemic. The BOS also supported…
The below information was obtained from SVN’s Economic Outlook dated April 28, 2023. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. A majority (51%) of apartment…
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 questions asked by rental property owners regarding California property management, followed by answers provided by the law firm of Simone and Blevins. Q: My tenant paid his January rent with a personal check. Several days after I deposited the check, the bank notified me that the check was dishonored because there were…
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