Having been so caught up in the COVID Eviction Moratorium drama, you may have missed complying with AB 1482 – (California State Rent Control), which went into effect in 2020. However, now that moratoriums and rent freezes are beginning to expire (in some areas), it’s important that we revisit this law. California State Rent…
Bomb damage or rent control? That was the caption under this picture in a 1981 book about rent control across the world. Looking at the photo, it’s impossible to tell the difference. Almost 40 years later, the story hasn’t changed: outside of wars and natural disasters, rent control is the single most effective destroyer of property and property…
The best investors understand they won’t suddenly know if it’s time to sell. They decide if the time is right. Selling and moving up is how they build legacy wealth. Why Sell? There are many triggers for an investor to sell an apartment building. Let’s begin with the financial reasons: dollars and cents and…
Dear AOA and its Members: Having practiced real property law for the past 45 years (I was admitted to the California State Bar in November 1976), I have decided to retire as an attorney, hang up my shingle, spend my spare time with my family and friends, and pursue my passions for traveling, scuba diving…
Washington, D.C. – The pandemic influenced 25% of renter moves over the past 18 months, and 70% of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing Council (NMHC) and Grace Hill 2022 Renter Preferences Survey Report. The survey of more than 221,000 renters, living in 4,564 communities nationwide,…
“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” That’s how Warren Buffett described his investment strategy in a 1986 letter to shareholders. It’s easy to understand, but hard to implement because it takes courage. Suppose over 30 years there are three business cycles. Maybe…
Housing providers play a critical role in their local communities, provide an essential service to residents, and are an important part of the tax base. In the December issue of AOA Magazine, I wrote about Santa Ana’s new Rent Stabilization Ordinance that limits rent increases to a maximum of 3% per year or 80% of…
William Mulholland’s Story Dublin’s port lies on the River Liffey, where it runs into the Irish Sea, at the approximate latitude of Liverpool. It was there, in Dublin, that William’s mother died when he was seven years old. His father, a guard for the Royal Mail, remarried. Arrangements were made to have William accepted in…
The American spirit is synonymous with a can-do attitude—we are builders, creators, and innovators. The remarkable construction of New York’s legendary Empire State Building symbolizes that spirit: from start to finish, the completion of this American landmark took a single year. But that spirit now seems diminished. Many U.S. cities face a housing shortage thanks…
The City of Santa Ana has adopted a Rent Stabilization Ordinance effective November 19, 2021. The City’s Rent Stabilization Ordinance (RSO) is a local law that limits rent increases to the lower of 3% per year, or 80% of the percent change in the Consumer Price Index over the most recent 12-month period for certain residential…
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