Over decades, I’ve attempted to serve more than 2,000 millionaires. Many are the proverbial “millionaire next door.” They are firefighters, history teachers and other “ordinary” people who didn’t start out as millionaires. Instead, they trimmed their lifestyle so they had money to invest. Then they selected an advisor who would help them achieve their goals.…
Many political friends and radio, television and newspaper directors fail to appreciate or understand the difference between very large, newly built, luxury apartment projects and the many small apartment owners who, typically, are families. Perhaps they own a duplex. One of the units becomes vacant and they’ve lost one half of their income. Our political…
SHOULD YOU ACCEPT RENTAL ASSISTANCE? Many landlords are faced with staggering losses of rent due to the pandemic. My clients have indicated that many of their tenants owe in excess of $20,000. Under a newly enacted statute, SB 91, landlords and tenants are allowed to apply for rental assistance due to the pandemic. The website…
As the pandemic slowly winds down, we face numerous challenges in maintaining our property, often with reduced or even zero income to pay the bills. The pandemic is winding down, but many of our members are still suffering. Some of us anticipate eventually receiving some government-funded relief after jumping through many hoops, including working with…
The “Hundred Years War” was a series of conflicts for control over Western Europe and England during the middle ages, circa 1337 to 1453. The relentless hostilities against California taxpayers by progressive politicians may not have a 100-year history, but it sure feels like it. In March, far-left legislators and their ideological allies proposed another…
The U.S. economy charged ahead in the first three months of the year thanks to more Americans getting vaccinated, fewer people catching the coronavirus and Washington approving another gargantuan $1.9 trillion stimulus. Gross domestic product, the official scorecard for our economy, rose at a 6.4% annual pace in the first quarter, the Commerce Department reports.…
On Wednesday, April 28, President Bident released his American Families Plan. The Plan is a long way from becoming law given the divided Senate, and, if anything passes, it is likely to be different than the outlines in the Plan. Significantly, the Plan does NOT mention effective dates, which are likely to be part of…
Question 1: Any updates on the state rental assistance program that you described in last month’s article? Answer 1: To repeat part of that response, SB 91– christened the Tenant Relief Act – included, in addition to its provisions extending through June the eviction protections to tenants in rent default, a “State Rental Assistance Program”,…
Question One: My tenant issued a 30-day notice to vacate in the middle of the month. My rent is due on the first. On the first day of the following month, can I demand that the tenant pay a full month’s rent and then prorate the balance upon the day she vacates? Answer One: On…
It’s hard to imagine anything more callous than the government sending a giant tax bill to a bereaved family, but thanks to Proposition 19, many California families will have that unfortunate experience. Prop. 19, which passed by a razor-thin margin in the November election, expanded a tax break for some homeowners but repealed an important…
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