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Archive for April, 2018

Another Law That Could Increase Housing Costs! By – George Minter

Posted on 25. Apr, 2018 by .

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Did you know lawmakers in Sacramento are currently considering legislation that would take away Californians’ right to make choices about the energy they use in their homes and businesses?  Assembly Bill 3232 would drive up energy costs for families and business owners by forcing them to swap out natural gas appliances for electric ones.

For apartment owners with [...]

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After Billions in Tax Increases, Californians Deserve a Tax Cut – by Jon Coupal and Vince Fong

Posted on 01. Apr, 2018 by .

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For millions of Californians, the state has been rendered unaffordable because of foolish and counter-productive policies emanating from Sacramento. A shocking one-third of California renters spend at least half of their take-home pay on rent, and only 40 percent can afford to purchase a median-priced home. Little wonder then, that one in five Californians lives in poverty –  the highest poverty rate in the nation. [...]

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When it is Time for a Buy and Hold Investor to Sell? – by Larry Arth

Posted on 01. Apr, 2018 by .

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The past decade has been a prime market for buy and hold investors. Those who were astute enough and had the wherewithal to invest over the past 10 years have enjoyed a great deal of cash flow and some great appreciation. Investors lately were comforted in knowing their investments have gained a substantial increase in value as the market conditions improved.

Within the past 10 years you probably saw your property value double. And many have started asking, what is your next step? [...]

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The 2018 Consumer Housing Insights Survey – by the National Multihousing Council

Posted on 01. Apr, 2018 by .

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Below is part of the supporting data for the National Multihousing Council’s, (NMHC) report titled “Disruption – How Demographics, Psychographics and Technology are Bringing Multifamily to the Brink of a Design Revolution”.

The National Survey, conducted by Beck Research, questioned 1,000 adults with emphasis on renters and millennials. Key findings include: [...]

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Did You Know? – by Attorney Dennis Block

Posted on 01. Apr, 2018 by .

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  • Tenant Death

Under California law, if a tenant dies in your unit, you must disclose this fact to perspective applicants for a three-year period. The only exception is if the tenant died of aids.

  • Sex Crimes

It is considered discriminatory not to lease to persons guilty of sex crimes IF you learned about their convictions on the Megan’s website. [...]

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Risk vs. Reward – by Zachary Lawrence JD

Posted on 01. Apr, 2018 by .

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Many of the decisions we make in business and in life, are arrived at by asking ourselves if the risk is worth the reward.

I have a 68 year old friend who is running this year’s LA Marathon.  I admire her passion, discipline and mental toughness.  What I don’t like is the beating that her body will take in order to prepare for and run the race.  But to her, the risk is worth the reward.  She wants to cross that finish line and not worry about the potential impact on her long term health.  [...]

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Management Tips From MRLANDLORD.COM (Shared by landlords nationwide)

Posted on 01. Apr, 2018 by .

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Costly Mistake Many Landlords Make!

One landlord, who served on her local landlord-tenant commission, became familiar with hundreds of complaints brought against landlords. From the complaints she made at least six observations which may be wise for landlords to make note of, to avoid making some very costly mistakes when it comes to security deposits.   [...]

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The Negative Consequences of a Costa-Hawkins Repeal are Entirely Predictable

Posted on 01. Apr, 2018 by .

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The below article was written by David Brownell. 

AB 1506, repealing the Costa-Hawkins Act, failed to make it out of committee. Those who believe that such problems as rising rents, evictions, and loss of ethnic and economic diversity in San Francisco can be solved legislatively by unrestricted rent control will continue to believe that as an article of faith, immune to evidence that unrestricted rent control has been disastrous in cities where it has been enacted. It’s safe to predict that we’ll see more efforts to repeal Costa-Hawkins, including the current initiative to put a repeal measure on the November 2018 state ballot. [...]

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Rent Control Does More Harm Than Good – by the Editors of Rental Housing Journal

Posted on 01. Apr, 2018 by .

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A new study by Stanford University professors of rent control in San Francisco concludes that it does more harm than good and can cause housing shortages that reduce the number of low-income people who can live in a city.

Economists Rebecca Diamond, Timothy McQuade and Franklin Qian did the study, The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.” [...]

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Legal Q & A by Richard Beckman

Posted on 01. Apr, 2018 by .

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Question 1: If a prospective tenant asks us if we accept Section 8, is it legal to say no? Can you tell me the positive and negative points on Section 8? Our property is in Petaluma. [...]

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