Job losses due to COVID-19 have placed many San Francisco renters in financial jeopardy. Initially, they may have had personal resources available, like savings or loans from family members to keep them afloat. But as time went on and those resources were depleted, they found themselves unable to pay their rent. Owners who have suffered…
California Extends the Eviction Moratorium to September 30, 2021 Prediction – There will be no further extensions! On June 28, 2021 California adopted Assembly Bill 832 which extended the Tenant Relief Act through September 30, 2021. Under this new bill the State extended the deadline in which tenant are required to pay 25% of the…
The Biden Administration tax increase proposals are working their way through Congress with some unanticipated resistance from Democrats but should these proposals pass, massive changes to our economy can certainly be anticipated. Some of the changes are being suggested to be retroactive. Long-term capital gains and qualified dividends of taxpayers with adjusted gross income of…
Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. Her grandmother had passed away and had appointed Jaime the executor of her estate. After getting off the phone and arranging for her flight to Florida, Jaime wondered what an executor was and why…
I Admit, I Made a Mistake! – Always Run the Report! I admit that I used to make a serious mistake that would put a lot of what I had at risk. I used to not do credit checks. Now, after doing them for several years, I will NEVER accept a tenant without first seeing their…
Recently, while scrolling on FaceBook, I came across a post where someone was looking for an apartment. There were some helpful responses and suggestions were offered by many. But … one person answered, “Check your messages – I sent you a sure-fire way to get someone to rent to you even if you have bad…
“Sent to the Hollywood Hoodlums in Council” We cannot continue to provide housing and not have income to cover mortgage, insurance, repairs and taxes. No other businesses were required to do that and look how many restaurants and small stores like nail and hair salons closed. We have not received rent in over a year…
Approximately 15 years ago, San Francisco adopted an earthquake retrofit program. Through litigation, it was determined that substantially all of the benefit accrued only to tenants. Tenants were assessed 100% of the costs, amortized over 10 years with a cap of approximately $60 per month. Los Angeles City adopted a similar program wherein the tenants…
I try, in my articles, to offer a legal perspective that you, as a property owner or management company, may not possess. And while you almost certainly don’t need me to tell you of the many challenges that managing a property presents, I find property owners and property managers often underestimate the legal and perception…
When Proposition 19 eked out a narrow victory in the November election, most California voters knew the measure had something to do with protecting wildfire victims, seniors and the disabled from higher property taxes. What most California voters didn’t know is that Prop. 19 took away an important taxpayer protection that had been part of…
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