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Archive for July, 2020

Solution for Tenants Walking Away Without Paying Rent By-Rebecca Abbott, AOA Long Beach Branch Manager

Posted on 01. Jul, 2020 by .

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  With the COVID-19  laws allowing tenants six months to a year in order to make up past due rent, numerous members have expressed fear and frustration that renters with outstanding balances will simply pick up and move somewhere else after months of deferred (aka “free” rent) without paying what is owed. As all landlords […]

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The “Big Lie” Behind COVID-19 – Part 2

Posted on 01. Jul, 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. Here’s a Prediction In a “bad year” for the flu, between 50,000 and 100,000 Americans die from the virus. […]

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Legal Q & A By-Dennis Block

Posted on 01. Jul, 2020 by .

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Question One: I have a tenant who is creating a major nuisance on the property. My property is located in Bell, CA. I understand that Governor Newsom has placed a moratorium on evictions through July 28, 2020. Can you suggest an alternative solution? Many of our residents are working from home and cannot put up […]

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Are Negative Interest Rates Coming to the U.S.? By-Gary Halbert

Posted on 01. Jul, 2020 by .

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There is a growing debate in financial circles over whether the U.S. Federal Reserve should move to a negative interest rate policy in an effort to stimulate the economy during the coronavirus crisis. Even President Trump has said more than once that he favors negative interest rates and considers them a “gift.” Yet Federal Reserve […]

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Legal Q & A By-Richard Beckman

Posted on 01. Jul, 2020 by .

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Question 1:  What is the latest status of the landlord’s right to require the tenant to pay rent or move out during the COVID-19 crisis? What about other grounds to terminate a tenancy? Answer 1: As discussed in last month’s article in some detail, for all of California, evictions for non-payment of rent are extremely […]

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Did You Know By-Dennis Block

Posted on 01. Jul, 2020 by .

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California Judicial Council Exceeds Their Constitutional Authority On April 6, 2020, the California Judicial Council adopted Emergency Rules limiting landlords from enforcing their basic contract rights against tenants. These rules prevent a court from issuing a summons in an unlawful detainer action, regardless if the action is based on the pandemic or not. If a […]

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REMINDER: Mail the Required Statewide Forms Before August 1, 2020

Posted on 01. Jul, 2020 by .

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As you are aware, California now has statewide rent control and with it comes some additional form requirements and updates to our Rental Agreement and/or Lease. Mandatory written notices (#1 below) must be mailed out to your tenants before August 1, 2020. There is also a required addendum to be used with our updated Rental […]

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Are L.A. City Officials Causing the Housing Shortage? By-Al Leibovic

Posted on 01. Jul, 2020 by .

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Below is an open letter sent to Judge Carter of the United States District Court for the Central District of California. SUBJECT:  Developers now have hundreds of new apartments available to house homeless families and L.A. City said they are not interested.  If you want to know more, we should talk. Dear Judge Carter: I […]

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Virus Effects on Apartments and Real Estate by Joseph W. DeCarlo

Posted on 01. Jul, 2020 by .

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We are now in unchartered and difficult waters with the COVID-19 virus epidemic.  The rules, customs and ways of doing business are changing and still unknown.  The social distancing will alter how people buy, sell and lease apartments after the COVID-19 crisis has ended.  We must be flexible, adaptable and changeable in the future.

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Letters to the Editor …

Posted on 01. Jul, 2020 by .

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Hi Dan: I wanted to send you an email to let you know I’ve been a very satisfied client of yours since 2014 or 2015. How great is it to hear something positive in this unprecedented, trying crisis? This is the time, more than ever before, that I look to AOA and Rebecca particularly, for guidance. […]

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California Realtors Revive Prop 5 for 2020 Ballot: Vote NO on the California Property Tax Transfers and Exemptions Initiative! By-Kathy Fettke

Posted on 01. Jul, 2020 by .

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  California realtors are reviving Proposition 5 just a few weeks after voters squashed it at the ballot box. It would expand the portability rule for homeowners protected by Proposition 13, but Prop 5 only got about 41% of the vote. The California Association of Realtors says it was disappointed by the results, but not […]

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Legal Q & A By-Franco Simone

Posted on 01. Jul, 2020 by .

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Q: I have a potential tenant that is an active service member. How much can I charge this tenant as a security deposit? A: When you rent a residential unit to a service member, you can only charge a security deposit equal to one month’s rent for an unfurnished property. If your property is furnished, […]

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How to Boost Your Immune System – Part One By-Chris Woollams

Posted on 01. Jul, 2020 by .

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A strong immune system starts with a healthy lifestyle. But it is also important to understand what weakens your immune system too and to avoid those things. Here are 12 healthy ways to a stronger immune system.  EAT a high SOLUBLE FIBRE, high BIOACTIVE FOODS DIET The University of Illinois Medical School has shown conclusively that a […]

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Lawsuit Planned to Win Back Your Property Rights!

Posted on 01. Jul, 2020 by .

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A famous president once said “Freedom is never more than one generation from extinction … it must be fought for, protected, and handed on” for our children to do the same.

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Lawsuit to End State’s Eviction Ban

Posted on 01. Jul, 2020 by .

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NEWS RELEASE Pacific Legal Foundation is representing two retirees who lease their properties at modest rates. Like millions of Americans, individual landlords have been thrown into financial turmoil by the pandemic and resulting lockdowns. Many operated on thin margins even before the pandemic, with mortgages, maintenance, and other expenses to pay. For landlords to recover […]

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Something to Think About #94: The Effect of Long-Term Inflation on Real Estate – Part 2 By-Klarise Yahya

Posted on 01. Jul, 2020 by .

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Continued from Part 1… The late 1500’s, following the Eighty Years War, and most of the 1600’s were Amsterdam’s apogee. It was then, no longer concerned with Spanish warships, that Dutch merchantmen sailed over most of the known world, alert for new sources of rare spices. They returned from Indonesia with pepper, cloves and nutmeg. […]

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Can California Cities Weather the COVID Recession? By-Ben Christopher

Posted on 01. Jul, 2020 by .

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Ever since the end of the Great Recession, Rancho Cucamonga has been on a tear. New retailers and restaurants have sprung up to serve the residents of its gated ‘burbs. The city’s population has swelled with Angelenos in search of cheaper housing. And at last count, its unemployment rate sat at just 4%. The city […]

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Pandemic Property Rights Pandemonium Written by: One of Many Thousands of Frustrated, But Proud, Anonymous L.A. Housing Providers

Posted on 01. Jul, 2020 by .

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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.

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Resident Manager Law Update for 2020 By-Dale Alberstone

Posted on 01. Jul, 2020 by .

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Hello everybody.  On July 1, 2020, resident manager laws will change in many cities throughout California.  Fortunately, the on-site laws promulgated by the state of California will not change in any significant fashion until January 1, 2021. 

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Cash investments in DSTs – An alternative to investing in the stock market By-Ehud Gersten

Posted on 01. Jul, 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.  Why invest cash in a DST? DSTs offer many benefits to those doing a 1031 exchange, for example, the ability […]

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A Response from Senator Pat Bates Regarding AB 828

Posted on 01. Jul, 2020 by .

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Below is a copy of an email received by one of our members as a response to his complaint about AB 828. Thank you for contacting me regarding Assembly Bill 828 by Assembly Budget Committee Chairman Phil Ting and numerous co-authors. I appreciate hearing from you on this important issue. In short, AB 828 would […]

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How Property Management Can Increase a Property’s Resale Value By-David Crown

Posted on 01. Jul, 2020 by .

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[Author’s Note: I wrote this before COVID-19 had changed the landscape of ownership, but the contents of this piece remain true regardless. I’ll have another article ready soon that deals specifically with managing property in the current climate.] In property management, we’re almost always talking about the present. When describing the benefits offered to property […]

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