Orange County

ASPHALT & CONCRETE- Parking lots ADA COMPLIANCE - Asphalt & Concrete, Seal Coating - Van Accessible Parking - ADA Striping & Path of Travel - CASp Reports - Concrete Ramps, Truncated Domes, - ADA Railings & Signage Please visit us at 714-377-9569 AOA News and Buyers Guide • Orange County • January 2022 • (714) 539-6000 9 (continued on page 10) While describing a home as “walking distance to…” is likely not meant to be discriminatory, the point is that we are becoming in- creasingly more thoughtful about the words we use and who it could be excluding or even unintention- ally offending. As real estate professionals are becoming more discerning with the words they use, one of the most recent changes is we are now re- ferring to the main bedroom as the “primary bedroom”, rather than the “master suite”. These shifts are in- dicative of the changing social and legal context that we operate in. The Housing Industry Property owners provide an ab- solutely essential service. To reflect the value of this contribution and minimize the negative stigma our business has gotten over the years, it’s time to eliminate the word “landlord” from our language and from real estate contracts. It’s an antiquated term that doesn’t accu- rately describe the service we pro- vide or define the relationship be - tween the owner, renter/lessee, and the government entities that we are beholden to. There is also so much deroga- tory association with this word, and discrimination against "landlords" in the legal system. Unlike most other business owners, "landlords" have been typecast as greedy and unscrupulous for wanting to make a profit from their business and ser - vices. It’s practically become mor- ally wrong in our society for some- one to try to earn a living from rent- al income. This is the unspoken, underlying philosophy of many of the new rent control policies. By contrast, tenants have been cast as humble, disenfranchised “victims.” As a result, the govern- ment has stepped in to “protect” them from "landlords" who want to charge fair market rent or want to move into the rental property they own. In California, tenants have more rights than the owners, yet it’s the owners who bear all the responsi- bility for maintaining the property and paying the large mortgage and property tax bills. When purchas- ing a rental property, a buyer typi- cally has to come up with a 20-25% down payment. On a $1,000,000 property, that would be $200,000- $250,000 -- yet when renting, a ten- ant needs to put down the equiva- lent of one to two months’ rent maximum, which usually adds up to just a few thousand dollars as a refundable deposit. The amount of risk and respon- sibility an owner has compared to a tenant’s is vastly disproportionate, yet government regulations contin- ue to increase the rights of tenants and take away rights from property owners to the point that it’s crip- pling the industry. ARespectable Business I don’t see anyone thanking "landlords" for taking on the finan - cial and legal risk of providing hous- ing to those who can’t afford to buy a home. There are a lot of excellent landlords who do a lot for their ten- ants. I know many landlords who have given tenants a break on rent when they’re going through a dif- ficult time, or who never increase the rent and forgo the profits they He who has a slack hand becomes poor, but the hand of of the diligent makes rich. Proverbs 10:4 • Laminate Countertops • Custom Sizes • Do It Yourself Kits • Kitchen and Bath • 30 Years Experience Cutting Edge COUN T E R TO P S 714-809-9862