IN THE NEWS Landlord Sues for $100 Million Over Eviction Moratoriums! Photo by Sora Shimazaki from Pexels As reported in the L.A. Times, one of the region’s largest apartment builders has sued the city of Los Angeles over its COVID-19 Eviction Moratorium saying that his companies have experienced “astronomical” financial losses and are legally entitled…
Rental ownership is face-to-face capitalism. It’s hands-on. When you own shares in a large corporation, you don’t get a say in how that company is run. When you own rental property, you make decisions that affect your income stream and the value of your asset. Good landlords increase their property’s value. The best landlords learn how…
[A landlord] violated the Washington eviction moratorium by threatening tenants and starting to evict 14 of them, and will pay $350,000 to settle a lawsuit, according to a release from Washington Attorney General Bob Ferguson. A Nevada corporation, headquartered in Los Angeles, will pay almost $300,000 directly to tenants in the form of refunds, payments…
Here is one landlord’s open letter on why he’s getting out of the rental property business, and therefore no longer needs our newsletter. It is something he thought we should share with our readers.