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Archive for June, 2020

The Effect of Long Term Inflation on Real Estate: Part 1 By- Klarise Yahya

Posted on 01. Jun, 2020 by .

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Inflation: There is great satisfaction when investments appreciate in value, and a modest celebration is called for. Maybe get your hair done early this month.  But before Diana starts the highlights, it is useful to understand that not every new dollar received benefits the investor equally. Appreciation comes in two forms. First, there’s the increase […]

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OPPOSE AB 828 – FREE RENT! By- Michael Millman

Posted on 01. Jun, 2020 by .

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Dear friends, it may be beneficial to examine the Fifth Amendment of the United States Constitution:  “No person shall … be deprived of life, liberty or property … without due process of law … nor shall private property … be taken …for public use …without just compensation …”

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The “Big Lie” Behind COVID-19 – Part 1

Posted on 01. Jun, 2020 by .

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A version of this article by Porter Stansberry first appeared on April 17, 2020 in The Stansberry Digest, published by Stansberry & Associates Investment Research, an independent investment research firm.  You can visit them at www.stansberryresearch.com.   Recently, an old friend said to me, Porter, I’m almost afraid to ask… but what do you think […]

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DID YOU KNOW By- Dennis Block

Posted on 01. Jun, 2020 by .

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COVID-19   Rent Deferment The City of San Diego has instituted a temporary moratorium on residential and commercial evictions, due to nonpayment of rent.  It is based on when the tenant demonstrates a substantial decrease in income or substantial out-of-pocket medical expenses, resulting from the COVID-19 pandemic. 

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Protection for Renters During the COVID-19 Crisis By- David Finkelstein and Kristin Lemke

Posted on 01. Jun, 2020 by .

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Governor Newsom proclaimed a State of Emergency in California on March 4, 2020 and thereafter issued Executive Order N-28-20 to protect renters affected by COVID-19 from eviction. The Executive Order, in part, suspends state law limitations on local jurisdictions that impose restrictions on evictions, giving local governments the authority to place restrictions on evictions for […]

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Millions of U.S. Small Businesses May Never Reopen By-Gary D. Halbert

Posted on 01. Jun, 2020 by .

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While this may not come as a surprise, many U.S. small businesses that are shuttered right now face a financial disaster. Unfortunately, it is becoming increasingly clear that millions of small businesses may not be able to reopen their doors when the economic lockdown ends.

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Letters to the Editor … Open Letters to Governor Newsom to Oppose AB 828

Posted on 01. Jun, 2020 by .

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Dear Governor: I strongly oppose bill AB 828! This bill places an unfair burden on all landlords who are already severely limited by rent control laws. Landlords are inundated with property taxes, mortgages, insurance, utility bills, vacancies, repair and maintenance. We are unable to properly maintain units as needed or get cited by the city […]

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Small Property Owners Are Once Again Forced to Bear the Financial Burden By- Noni Richen

Posted on 01. Jun, 2020 by .

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Not since WWII have we experienced such a global sense of mass shock and dread as we are experiencing today. But we’re tough, and already are fighting back against the pandemic. I sincerely hope that each of you is well and safe.

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Statewide Rent and Eviction Control Laws … and Exceptions By-David Finkelstein

Posted on 01. Jun, 2020 by .

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The California legislature recently:  1) enacted its first ever statewide rent increase cap; and 2) now requires landlords to provide “just cause” for evictions.  AB 1482 – The “Tenant Protection Act of 2019” became effective January 1, 2020 and remains in effect until at least January 1, 2030.  It impacts at least 8 million renters […]

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How Landlords Can Avoid Liability for the Debt of Their Corporations By- Dale Alberstone

Posted on 01. Jun, 2020 by .

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Hello everybody.  From time to time, apartment owners take title to their property in the name of a corporation in which they are the sole shareholders.  Typically, that is done for two reasons: (1) asset protection and (2) tax benefits. 

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Does Your Insurance Policy Cover Business Interruptions? By- GSI Insurance, AOA’s Group Insurance Brokerage Company

Posted on 01. Jun, 2020 by .

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“Pandemic”…  When we hear that word, our minds reference historic outbreaks such as smallpox, the bubonic plague, and various strains of influenza.  Epidemics have shaped history and impacted companies, even in modern times.  The current Coronavirus – also known as SARS Coronavirus 2 or COVID-19 has society shutting down businesses, shelter-in-place orders;it has us talking […]

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PETITION FOR RENTAL VOUCHERS AND OPPOSE AB 828

Posted on 01. Jun, 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!  These vouchers should be 100% […]

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Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession By- Mark Fleming, Ph.D.

Posted on 01. Jun, 2020 by .

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As we are all too aware, the coronavirus outbreak has taken hold of the domestic and global economy. The housing market is not immune to its impact but may be in a better position than many believe. Recent data shows that weekly unemployment claims soared to a record, which will, in turn, work to depress […]

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COVID-19, CARES ACT and Your Taxes – A Few Quick Tips! By- Sarin Vartanian

Posted on 01. Jun, 2020 by .

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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 […]

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Legal Q & A By- Dennis Block

Posted on 01. Jun, 2020 by .

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Question One: I have a tenant who has failed to pay rent since December 1, 2019. I was trying to work with her, but she is now claiming that due to the Coronavirus, she cannot make any payments. I have now heard that the courts are not allowing the filing of any eviction actions. What […]

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Landlords and COVID-19 Challenges By- Jeffrey Taylor, MR LANDLORD.COM

Posted on 01. Jun, 2020 by .

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The topic on top of the minds of many landlords is how the coronavirus is affecting rent payments. One landlord asked on our MrLandlord.com Q&A Forum: “Has anyone reached out to their local community services to see what rental assistance is available to the working poor who may be furloughed over the next few weeks?”

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This is What Housing Providers Put Up With! By- Patricia A. Harris

Posted on 01. Jun, 2020 by .

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There’s a state-wide tenant organization called “Tenants Together” and they’re at it again.  One of their beliefs is that housing is a human right, not a commodity and they have a genuine dislike coupled with misplaced anger for all landlords.

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Legal Q & A – COVID-19 By-Franco Simone

Posted on 01. Jun, 2020 by .

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Q: I heard on the news that there is an eviction moratorium in the state of California. What that does that mean?

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An Open Letter to President Trump and The COVID-19 Renter Protections Fact Sheet By-Almut Bower

Posted on 01. Jun, 2020 by .

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Dear President Trump and To Whom It May Concern: The purpose of this letter is to let you know how the present condition of our country is viewed through the eyes of an 80 year old single lady living in Los Angeles, CA. I am a legal immigrant who entered the US in 1963 with […]

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Cash Investments in DSTs – An Alternative to Investing in the Stock Market By- Ehud Gersten

Posted on 01. Jun, 2020 by .

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Delaware Statutory Trusts are potentially a great investment vehicle for those accredited investors doing a 1031 exchange, but what some investors don’t realize, is that you can also invest in DSTs on a cash basis. 

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Legal Q & A By- Richard Beckman

Posted on 01. Jun, 2020 by .

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Question 1: Can I apply the tenant’s security deposit to rent that is not being paid during the Covid 19 crisis? If so, can I then require the tenant to replenish the deposit? Answer 1: The short answers are, probably, and probably not. I have a feeling I will be prefacing nearly every answer for […]

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Prop 13 Opponents Turn in Their Signatures By- Jon Coupal

Posted on 01. Jun, 2020 by .

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With great fanfare, the proponents of an initiative to raise property taxes in California by $12 billion a year announced they had turned in over 1.7 million signatures to qualify the measure. Their press release was headlined “Schools and Communities First make history with most ever signatures submitted.”

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The Rental Virus – Housing Department in Denial (Open Letter to San Jose City Council Members) By-BAHN-SJ

Posted on 01. Jun, 2020 by .

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Hello All: In speaking with several of you, I thought it might be of interest to send you some examples of our stories as mom and pop housing providers.  These involve the personal touch and judgement used when renting and managing.  I personally know of several who have never filed an eviction in over 30 […]

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Federal Legislation Proposed to Target Eviction Crisis in America By-Karen Marshall

Posted on 01. Jun, 2020 by .

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Landlords are facing challenges to eviction practices in many cities and states and often vilified for simply taking steps to protect their businesses. The reality is that evictions are an awful side of the rental housing business that causes pain for both tenants who need a place to live and landlords who have to run […]

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