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Archive for August, 2020

Reminder About the Balcony Inspection Bill By- Jim Schlagel

Posted on 01. Aug, 2020 by .

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On September 17, 2018 California Governor Jerry Brown signed into law SB 721 – “The Balcony Inspection Bill”. The bill arose in response to the tragic deaths of six UC Berkeley students in 2015 at a downtown apartment complex due to the collapse of a balcony. Owners of multifamily apartment buildings with three or more […]

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Landlord to Pay Tenants $300,000 to Settle Eviction Moratorium Lawsuit By- the Editors of the Rental Housing Journal

Posted on 01. Aug, 2020 by .

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[A landlord] violated the Washington eviction moratorium by threatening tenants and starting to evict 14 of them, and will pay $350,000 to settle a lawsuit, according to a release from Washington Attorney General Bob Ferguson. A Nevada corporation, headquartered in Los Angeles, will pay almost $300,000 directly to tenants in the form of refunds, payments […]

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Something to Think About #95: Information, Not Advice – Part 15 The Effect of Long Term Inflation on Real Estate: Part 3 By- Klarise Yahya

Posted on 01. Aug, 2020 by .

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Continued . . .  In the mid 1600’s the Dutch Republic was beginning its climb to global power. The Dutch traders, having a monopoly of trade with Japan and the East Indies, had become the middlemen between European nations and the Far East. For a period, Amsterdam’s population was doubling every 20 years (an annual […]

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Helping Landlords Protect Their Computers from Unwanted Eyes By-Marcel Ford

Posted on 01. Aug, 2020 by .

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As a landlord, you may not necessarily describe your business as “tech-based” – this despite the fact that you’re surrounded with the type of technology on a daily basis that helps you not only do your job more effectively, but that also helps to build and strengthen the relationships that you’re forging with your tenants. […]

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Coronavirus Update: What Can Real Estate Investors Expect in the Next Six Months? By Cliff Hockley

Posted on 01. Aug, 2020 by .

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In the short-term, real estate investors will be faced with two sides of the same investment coin. Those investors with cash will be able to buy investments that others cannot close on due to the slowdown of the financial marketplace. Those without cash will need to bail out of deals because many of their loan […]

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Smoke and Mirrors from the LAHD! By- Zachary Lawrence JD

Posted on 01. Aug, 2020 by .

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I manage a 15-unit property in west Los Angeles. One of the tenants is a troublemaker. Let’s call her Jane Doe. Jane Doe has repeatedly violated the terms of her lease. She doesn’t allow access into her unit for repairs, neighbors complain about loud noises coming from her unit at odd hours and she is […]

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Should I Pay the Taxes or Defer? Why Doing a 1031 Exchange May Be Smart Financial Planning By- Ehud Gersten

Posted on 01. Aug, 2020 by .

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When selling real estate investment property, investors generally have two options:  Pay the taxes on any gains from the sale, or,  Conduct a 1031 exchange and defer the taxes owed.    Recently, because of the financial uncertainty surrounding 01and the overall state of the economy, some investors are choosing to pay the taxes on any […]

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Is the Rent-Eviction Moratorium Fair for Landlords? By- Gary Whitehead

Posted on 01. Aug, 2020 by .

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As the owner of a Paralegal Business that specializes in Landlord-Tenant evictions, I also have seen my 15 year old business drop about 90 % in the last three months. Because I operate in two counties and have other services to perform, I will survive, but its close. Right now, I have clients with twenty-seven […]

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Legal Q & A By- Franco Simone

Posted on 01. Aug, 2020 by .

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Q: I own an apartment complex and have a strict “no pet” policy. One of my tenants verbally requested a reasonable accommodation to allow him to have a dog. What does “reasonable accommodation” mean and how should I respond to him? A: The term “reasonable accommodation,” as defined by U.S. Department of Housing and Urban […]

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California is Conflicted About Decent Housing By- Terry Moore

Posted on 01. Aug, 2020 by .

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California is conflicted about building rental housing for our low-income residents. Not everyone can live in paradise. Life is not fair. Will we admit that we’re not willing to pay to subsidize our less fortunate neighbors? California would like for someone else, anyone else, to be generous to our lower income households. Here are elements […]

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Why Reopening Won’t Be Enough to Save the Economy By-Gary D. Halbert

Posted on 01. Aug, 2020 by .

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[Below are some] key insights of a blockbuster study that was published on June 17th by a group of economists led by Harvard University’s Raj Chetty.  If you don’t know who Chetty is, he’s a star economist and policy wonk.  He and his colleagues assemble and crunch massive data sets and deliver insights that regularly […]

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Did You Know By- Dennis Block

Posted on 01. Aug, 2020 by .

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Why You Shield Your Personal Assets with an LLC  An LLC, or Limited Liability Company, is a type of legal entity that protects an owner’s personal assets and separates them from the business assets of owning and running a rental property investment. While there are many different types of business entities, LLCs are among the […]

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ADA Lawsuits Have Not Stopped Due to COVID-19 By- Anthony Guichard

Posted on 01. Aug, 2020 by .

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The COVID-19 pandemic has affected everyone in the world – where most of the retail and commercial spaces are hit the hardest. Most of the tenants that have retail and commercial spaces throughout California have been considered non-essential have been forced to close per federal and state orders. Sadly, the tenants and owners of these […]

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Legal Q & A By- Richard Beckman

Posted on 01. Aug, 2020 by .

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Question 1: I know someone asked this last month, but 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 response to that question, for all […]

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How to Boost Your Immune System – Part Two By Chris Woollams

Posted on 01. Aug, 2020 by .

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Continued from last month -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.  TAKE SUPPLEMENTS OK So they are the long-term fixes. What can you do in the […]

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Vote NO on Prop 21 – the So-Called “Rental Affordability Act” By- Patricia A. Harris

Posted on 01. Aug, 2020 by .

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Anti-housing activist Michael Weinstein is back for round two.  Mr. Weinstein is the president and CEO of the AIDS Healthcare Foundation and led the campaign to pass the defeated Proposition 10 in 2018.  He is still convinced that more rent control is needed. Weinstein’s so-called “Rental Affordability Act” – Prop. 21 would allow cities and […]

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Will the Coronavirus Pandemic Lead to Tax Increases? NO on SCA2! By Jon Coupal

Posted on 01. Aug, 2020 by .

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In January, Gov. Gavin Newsom presented a proposed budget for fiscal year 2020-2021 which envisioned a several billion dollar increase in spending for existing programs as well as a host of new programs. But that was before COVID-19 arrived at our shores.

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Letters to the Editor …

Posted on 01. Aug, 2020 by .

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In a Nutshell … They missed talking about Soviet Monica-ism.  You have two cows. Your milk sales are priced controlled to less than it takes to feed them. You convert your cows into beef cattle. The city complains that there is a shortage of milk cows.                                     Rosario Perry

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Governor Newsom – Stop Giving Away My Rental Income!

Posted on 01. Aug, 2020 by .

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Dan:  Below is what I sent to our Governor, per your suggestion.  Lawrence Rubenstein The Honorable Gavin Newsom Governor of California 1303 10th Street, Suite 1173 Sacramento, CA  95814 Dear Governor Newsom: Clearly, the Coronavirus pandemic is a serious situation. Sadly, our man-made response to it may well make it even worse. I own properties […]

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Governor Newsom – Stop Giving Away My Rental Income!

Posted on 01. Aug, 2020 by .

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Dan:  Below is what I sent to our Governor, per your suggestion.  Lawrence Rubenstein   The Honorable Gavin Newsom Governor of California 1303 10th Street, Suite 1173 Sacramento, CA  95814 Dear Governor Newsom: Clearly, the Coronavirus pandemic is a serious situation. Sadly, our man-made response to it may well make it even worse. I own […]

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Landlords and COVID-19 Challenges By- Jeffrey Taylor

Posted on 01. Aug, 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?” One somewhat sarcastic response was: […]

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Seattle’s Rent Moratorium Would Hurt Renters and Landlords – and it’s Unconstitutional By-Ethan Blevins

Posted on 01. Aug, 2020 by .

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In response to the COVID-19 pandemic, the Seattle City Council issued a resolution calling on state and federal government to “impose an immediate moratorium on residential and commercial rent payments … such that no Seattleite should be required to pay rent during this health emergency or accumulate debt for unpaid rent.” This extreme proposal goes […]

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Resident Managers: Rest Periods and Meal Breaks By- Dale Alberstone

Posted on 01. Aug, 2020 by .

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Hello everybody.  Over the years, I have authored many articles for AOA members regarding the employment of resident managers.But two aspects I have not previously discussed are the rest periods and meal breaks the law requires owners and management companies to provide to their resident managers.It is timely to address rest and meal periods because […]

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Do Rent and Eviction Moratoriums Violate Landlords’ Constitutional Rights Under the Contract Clause? By-Gary Ganchrow

Posted on 01. Aug, 2020 by .

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You might be surprised to learn that the U.S. and California Constitutions both contain clauses that unequivocally prohibit any law – whether state, local or administrative – from “impairing” contract rights between two parties. This clause is called the “Contract Clause,” and it is supposed to protect contract rights – including in private contracts – […]

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Legal Q & A By- Dennis Block

Posted on 01. Aug, 2020 by .

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Question One: I own a duplex in Eagle Rock which is under Los Angeles Rent Control.  There is a problem tenant who causes verbal altercations with other tenants. He has yelled at me, slammed doors in my face, verbally abused my daughter and son-in-law, and the police have been called multiple times. He calls housing […]

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Even in Times of Crisis, Politicians Don’t Miss An Opportunity to Stick it to Landlords! By- Noni Richen

Posted on 01. Aug, 2020 by .

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It has been a painful spring, 2020. We’ve been attacked by a virus that spread all over the world and has altered our social and business lives in ways we never could have foreseen. Then, we witnessed the appalling death of George Floyd. Righteously enraged people took to the streets to protest and demand changes […]

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