After the Second Circuit Court of Appeals denied the Rent Stabilization Association’s (RSA’s) motion for a stay of the latest eviction moratorium law in October, RSA along with four small property owners, filed an amended petition in Federal District Court challenging the moratorium, along with a motion seeking a stay of the most recent moratorium…
With 2021 behind us and eviction moratoriums coming to an end, investment property owners ready to make a change are evaluating new opportunities and often planning to perform a 1031 Exchange. Many owners are motivated to sell because of the increasingly demanding regulatory environment. Others are selling because of lifestyle changes, and the desire to…
Real estate investors forget how important accounting is to their investment success. Most investors just look at one thing – how big the check is at the end of the month. But in fact, in addition to inspecting your property on a regular basis, keeping it well maintained and having great communication with your property…
OAKLAND – California Attorney General Rob Bonta today announced the creation of a Housing Strike Force within the California Department of Justice (DOJ) and the convening of a series of tenant roundtables across the state. Attorney General Bonta today also launched a Housing Portal on DOJ’s website with resources and information for California homeowners and tenants. Together, the Housing Strike…
Photo by Sora Shimazaki from Pexels Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block in the November issue of the AOA Magazine. Question One: I have a Section 8 tenant in Carson, California. The tenant has occupied the premises for the last five…
Question One: I just closed on a duplex which is subject to the Rent Stabilization Ordinance (RSO) for the City of Los Angeles. Assuming the city’s “State of Emergency” ends as of September 30, 2021, can I serve a 30-day notice to quit on September 1, 2021? My intention is to occupy the residence. Answer…
Question 1: As always, any updates on the state of the courts and unlawful detainers? Answer 1: As reported in last month’s article, California again has updated its comprehensive state law directed at protecting tenants from eviction for non-payment of rent. Originally passed as AB 3088 in August 2020, updated by SB 91 in January,…
On a few of the vast, verdant lawns in East Sacramento, one of the capital city’s most popular and expensive neighborhoods, yellow-and-black yard signs urge passersby to “save neighborhoods” and keep Sacramento “livable and diverse.” The message symbolizes a big battle taking place at the state Capitol only a few miles away — whether to…
SUPREME COURT SAYS RENT IS NOW DUE! Just recently, the Supreme Court struck down the CDC eviction moratorium on the grounds that it “strains credulity” to believe the CDC had the power to regulate rentals nationwide. The CDC’s claim of expansive authority is unprecedented. Could the CDC, for example, mandate free grocery delivery to the homes…
The recent fluctuations in the United States stock market have many investors looking for more conservative and less volatile investments. On top of that, traditional investment instruments like stocks and bonds are similarly not looking very attractive because of their lackluster yield performances. Therefore, more and more investors are attracted to Real Estate Income…
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