The impact COVID-19 has had on commercial real estate is significant. However, not all shifts have been negative. According to Forbes, the pandemic has generated some innovative possibilities for the CRE market in 2021, including more affordable rental prices, smart building tech, and software specifically geared toward enhancing the tenant experience. But do technology and…
Delays and backlogs in criminal and civil cases are spreading throughout California’s court system. Half as many cases were resolved — 1.4 million fewer — from March through August last year than during the same period in 2019, according to a report the state judicial branch’s administration put together. No one knows how many thousands of cases…
[In December], I received a Christmas present from a nonpaying tenant. He abandoned the rental after paying nothing for six months. Within hours, I re-rented it. I called an existing tenant living in a studio. He wanted the bigger place. Another tenant referred her daughter to me to occupy his studio. Both units will be…
As 2019 came to a close, the world felt tired, overworked, and even “peopled out.” The overall sentiment in those early days of 2020 boiled down to a two-word phrase: burn out. Gallup’s research results showed that around 45% of Millennials experienced “sometimes” burnout. 45% is a massive number. 2020 was expected to be more of…
By now, many of us are growing tired of the burdens that COVID-19 has placed upon us. From job losses to restrictions on travel and other leisure activities, the coronavirus continues to shape our lives. Worse yet, it does not appear to be going anywhere soon. Many of our elected officials have suspended several tenant…
I want to give you an update on the status of Covid-19 housing policies. However, I want to be candid and tell you that I wish I had more to say than I do – or at least something better to say than I do. But here goes… Currently, we are into the third month…
The Judicial Council’s delay until 90-days after the COVID emergency is lifted to open the courts to hear eviction cases will devastate landlords, tenants and their families, the wellbeing of innocent tax-paying, by-standing citizens, plus people’s, the City’s and the State’s economies and, ultimately, the cause of justice.
The 2020 COVID-19 Pandemic has affected all businesses especially apartment owners here in California. In addition to operating your rental property and attempting to collect rent from your tenants, it is imperative that you understand and pay close attention to the changes made in the tax law as a result of the Coronavirus Aid Relief…