In 1995, the Costa-Hawkins Rental Act was passed. It outlawed stealth or illegal roommates. It provided that when a rental unit became vacant, the owner may, at their discretion, re-rent the unit at prevailing market rates. Further, it exempted single-family homes, ADUs Condominiums, new construction and retail commercial units from any form of rent control.…
Dear Council Member Torosis: We’ve said that inflation is running at about 25%, as confirmed by the Federal Bureau of Labor Statistics, since March 2020. We believe that the annual rental adjustment at 3% is illegal, unlawful and unconstitutional. We also believe that the 213 items in the CPI BASKET do not reflect, address or…
The city of Los Angeles will be conducting a public hearing to consider increasing sewer service charges and at that time, will also consider all written protests to that increase. The hearing will be on August 27, 2024, at 10:00 a.m. at Los Angeles City Hall, John Ferraro Council Chamber, Room 340, 200 North…
For California property owners, SB-326 and SB-721 balcony inspections laws are essential for safety, but they come with a price tag. So, how much are you really going to have to spend to ensure your balconies are compliant? Let’s break it down – honestly and without the sales jargon. Balcony Inspection Cost Details Before…
Several EXTREMELY HARMFUL, proposed State Bills were able to make it out of Committees and are NOW up for “floor review” in their house of origin (Senate or Assembly). We need all members to call the state representatives in the districts where you own property and tell them to VOTE NO on the following destructive,…
Your city government is considering a HUGE, GIGANTIC, STUPENDOUS INCREASE to your SEWER BILLS. This increase could go into effect almost immediately, with an almost 50% increase in just 12 months and almost doubling in just two years and continuing with large increases after that. YOU have the POWER TO PREVENT THIS! If just half of…
In a landmark decision, a Superior Court judge has dealt a significant blow to state control over local development. The ruling deemed a California law allowing multifamily buildings on single-family lots unconstitutional. SB 9, enacted in January 2022, permitted the splitting of single-family lots into two, each accommodating two homes, without necessitating a public process. …
You’ll want to remember to mark your calendars for the big “Million Dollar Trade Show and Landlording Conference” next month. The big show will be held on Thursday, August 22nd at the Long Beach Convention Center in Hall C. You’ll meet vendors galore with new products and services; you can attend FREE landlording seminars and…
A law that took effect January 1, 2024, has killed any hope of anonymity by using a Wyoming LLC, or an LLC in any state for that matter. Even if you are not worried about anonymity, you are going to be profoundly affected by this law. In 2021, Congress passed the Corporate Transparency Act. This…
The new program is called the Beneficial Ownership Information Reporting system, and it will be implemented by the FinCEN (Federal Financial Crimes Enforcement Network), a department within the Treasury Department—the same folks who brought you the IRS. If you create a new entity in 2024, you will have to register within 90 days after you…