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Archive for May, 2020

Letters to the Editor…

Posted on 01. May, 2020 by .

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Dear Dan: While nobody wants to see anyone that is truly impacted by the virus put out on the streets, the entire burden for keeping the public housed cannot be forced upon the backs of individual citizens. Housing is an essential service.  Who else is forced to provide an essential service for free?  Nurses, grocery […]

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Survival Tips for Real Estate Investors During a Crisis by Sharon Vornholt

Posted on 01. May, 2020 by .

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I wanted to address some of the questions and concerns I’ve been getting recently about the effect the Coronavirus is going to have on real estate investors and their businesses. I’ve talked with a number of investors recently and they are worried. Today, I have some survival tips for real estate investors during this crisis. 

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The Art of Successful Leasing by Matt Williams

Posted on 01. May, 2020 by .

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Whether you have a home, triplex or 150 units, we all have that one leasing story. For most of us it has worked out okay. One client took a risk with a foreign engineering student despite having no credit history and not being able to verify the international banking statements. This tenant turned out to […]

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Something to Think About #92 – Information, Not Advice Part 12 by Klarise Yahya

Posted on 01. May, 2020 by .

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How to Get Where You Want to Go: Have a Plan Scott Adams, the Dilbert cartoonist, wrote that goals are specific objectives that you either achieve or don’t sometime in the future. That’s different from a system. A system is something that you regularly do that increases the probability of reaching your goal.  Losing twenty […]

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Legal Q & A by Richard Beckman

Posted on 01. May, 2020 by .

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Question 1:  I own a single-family home in Oakland with tenants on a month-to-month basis. The tenant has been there more than a year. Can I still legally raise the rent? Answer 1:  While nearly every aspect of residential tenancy life is currently being changed by legislative responses to the COVID 19-related states of emergency, […]

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How the Coronavirus Lockdown is Crushing the Economy by Gary D. Halbert

Posted on 01. May, 2020 by .

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I debated long and hard with myself regarding whether to tackle the very sensitive subject I will discuss below. I had decided not to write what follows. But [then] I changed my mind and decided to go ahead with it, controversial as it is, because whatever decision our leaders make just ahead on the coronavirus […]

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How to Handle Rental Maintenance During COVID-19 and Nearly 25 Percent of Americans Couldn’t Pay Their April Housing Bill by Editors of the Rental Housing Journal

Posted on 01. May, 2020 by .

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A new survey indicates that one in four Americans were not able to pay their April housing bill in full, according to Apartment List. The survey showed half of those respondents were able to make a partial payment to their lender or landlord, while the other half made no payment at all. And one in […]

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Where to Invest by Terry Moore, CCIM

Posted on 01. May, 2020 by .

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“San Diego apartment buildings are outrageously expensive! The cash flow is wretched. What do you think about going to the 40 other states with dramatically higher cash flow and lower prices?” The experienced landlady was asking me whether her son should use his $80,000 and buy a fourplex in Arizona or somewhere else where the […]

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Legal Q& A by Dennis Block | EVICTION MORATORIUM UPDATE

Posted on 01. May, 2020 by .

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On April 6, 2020, the California Judicial Council, the policymaking body of the California Courts, approved and adopted emergency rules regarding evictions. Although Governor Newsom and cities such as Los Angeles had previously enacted orders, these new rules supersede existing laws regarding the filing of unlawful detainer actions. Under the new California Rules of Court, […]

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Criminal Background Checks by Lynn Dover, Esq.

Posted on 01. May, 2020 by .

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As most of you are aware, in 2016, HUD released guidance for all housing providers regarding how the use of criminal background checks could potentially violate fair housing laws. The guidance outlines how using criminal background screening to deny housing can create a disparate impact (discriminatory effect) based on race due to the higher incarceration […]

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Legal Q & A by Franco Simone, Esq.

Posted on 01. May, 2020 by .

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Q: I heard on the morning news that the governor of the state of California declared a state of emergency for California. What that does that mean?

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Airbnb and the Coronavirus by Dale Alberstone, Esq.

Posted on 01. May, 2020 by .

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Hello everybody.  This month let’s discuss AIRBNBs and how they may relate to the coronavirus (“CV”).   Some 40 years ago, cities in California began passing rent control ordinances regulating rents in older apartment buildings, but they exempted all new construction (so that contractors would not be deterred from building new multifamily housing units).   Last year, […]

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Beware of Indoctrination in the Split Roll Fight by Jon Coupal, President of Howard Jarvis Taxpayers Association

Posted on 01. May, 2020 by .

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It’s no secret that public sector labor organizations hate Proposition 13 because it remains one of the few barriers to their unfettered access to our wallets and pocketbooks. Whether in the courts, legislature, initiative measures or “public education” campaigns, their relentless resistance to that landmark initiative has continued unabated for over forty years. Much to […]

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COVID-19 and the Multi-Family Market by Christian Losness

Posted on 01. May, 2020 by .

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As we make our way through the current crisis, many owners are asking themselves what will happen to all the equity they earned in the last 10 years. The sad truth is that values will drop for the foreseeable future while the pandemic spreads. And after it is all over, we are likely to see […]

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In-Person Property Sales Activities Grind to a Halt by Gideon Kramer, SPOSFI News Editor

Posted on 01. May, 2020 by .

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Due to the coronavirus pandemic, the San Francisco Association of Realtors (CAR) has banned all in-person property showings and has closed its offices.  In addition to realtors not being able to show properties – appraisers, stagers and photographers can’t travel to properties.  And, of course, no open houses means no potential buyers.

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Accumulate More Real Estate Wealth with the Dynamic Duo by David Fisher

Posted on 01. May, 2020 by .

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Throughout history, there have been numerous “Dynamic Duos”.  Batman and Robin, Laurel and Hardy (for us oldsters), R2D2 and C3PO and John Wayne and anyone. And of course, the greatest dynamic duo of all times, peanut butter and jelly.  But there is another Dynamic Duo that more real estate brokers are beginning to use that […]

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Why I Moved to Florida by Bruce Norris

Posted on 01. May, 2020 by .

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Over 400 people attended our “Turmoil” seminar in Riverside on February 1st. We looked at all the California charts. Most are extremely positive.  California has high affordability which should leave plenty of price movement on the upside. It has the lowest ratios of foreclosures to sales ever which should drive price increases. It also has […]

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Thermal Solar for Pools and Hot Water Rebates! by Ted Bavin

Posted on 01. May, 2020 by .

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The California Solar Initiative (CSI) Thermal Rebate Program was developed by the State of California as an incentive to help offset global warming gasses related to heating water and pool systems.  Natural gas (methane) is known to be a major climate change component as it is roughly 30 times more potent than CO2 and is […]

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Considerations for Rental Vacancies and Renewals During COVID-19 by Eva Hatzenbihler

Posted on 01. May, 2020 by .

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As social distancing guidelines get tighter in many metro areas, property management companies need to work with tenants and landlords a little differently. There are questions on many landlords minds: What is the likelihood that tenants will move during this time when the economy has slowed down? How are we going to handle renewals when […]

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Open Letters to Governor Newsom, the Mayor and Council Members Emergency Declarations, Penal Code 396

Posted on 01. May, 2020 by .

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The below is an open letter to Attorney General Xavier Becerra, Gov. Gavin Newsom and the Honorable Autumn Burke. Dear Friends: I’m certain this letter will receive no response.  Maybe a clerk will read the note and possibly place it on an office meeting agenda. Several years ago, there were devastating wildfires in Northern California.  […]

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How Property Managers Can Limit Liability for Rental Owners by David Crown

Posted on 01. May, 2020 by .

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Author’s Note: I wrote this article before COVID-19 had spiraled into the global pandemic it has since become. I aim to have another article ready soon that deals specifically with managing property during a challenging time like the current one. Until then, I hope this article serves as a helpful template for mastering property maintenance […]

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PETITION FOR RENTAL VOUCHERS AND OPPOSE AB 828

Posted on 01. May, 2020 by .

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The Honorable Gavin Newsom Governor of California 1303 10th Street, Suite 1173 Sacramento, CA  95814   Dear Governor Newsom: Please immediately issue monthly RENTAL VOUCHERS  for April and each month thereafter during this state of emergency to those renters who “qualify” as losing their source of income caused by COVID-19!   As a result of laws […]

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Did You Know by Dennis Block | EVICTION MORATORIUM UPDATE

Posted on 01. May, 2020 by .

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On April 6, 2020, the California Judicial Council, the policymaking body of the California Courts, approved and adopted emergency rules regarding evictions. Although Governor Newsom and cities such as Los Angeles had previously enacted orders, these new rules supersede existing laws regarding the filing of unlawful detainer actions. Under the new California Rules of Court, […]

Continue Reading