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Archive for March, 2019

Hayward Adopts Just Cause for Evictions

Posted on 07. Mar, 2019 by .

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Effective immediately, Hayward landlords must have Just Cause to evict tenants…

DEVELOPING STORY…UPDATES WILL BE POSTED BELOW: [...]

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Inglewood Emergency Rent Control Ordinance

Posted on 06. Mar, 2019 by .

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Effective immediately, Southern California City of Inglewood unanimously passed a measure that prevents landlords from:

1) Raising rents by more than 5% and;
2) Evicting tenants for any reasons other than criminal activity or drug use in the rental property.

This is for a 45-day period, but they also have the option to extend it a year.

DEVELOPING STORY…UPDATES WILL BE POSTED BELOW:

[...]

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AOA Lawsuit Forces Trash Haulers and L.A. City to the Bargaining Table

Posted on 06. Mar, 2019 by .

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If you own rental property in Los Angeles, you are well aware that you are currently being gouged by the trash companies as a result of Mayor Eric Garcetti’s recycling program that was approved by the City Council.  According to the LA Times, the city and trash companies have made a new deal.

Crooked Deal!

AOA suspects that the original deal between the trash companies and the City was an “under the table” transaction that gave excessive benefits to the trash companies and put over 100 small business trash companies out of business!  That way, these small companies would not be able to compete with fair market prices.  [...]

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Recourse: What’s the Value of Your Signature? By – Nick Schoch

Posted on 01. Mar, 2019 by .

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Should you promise to stand behind the loan on your property? Your gut reaction might be “I always pay my debts.” I’m right there with you. However, no one wants misfortune at one property to sink their whole balance sheet. As such, many investors opt for non-recourse debt to protect their net worth. Let’s review what recourse means with respect to commercial mortgages. [...]

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Legal Q & A by – Richard Beckman

Posted on 01. Mar, 2019 by .

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Question 1: Are the new Oakland Rent Control laws applicable to a condo that has been rented for the past 8-10 years that we need to sell, or raise the rent on. Where can we find the most up-to-date interpretation of this law as it applies to condo owners who have rented out their condos? [...]

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Letters to the Editor

Posted on 01. Mar, 2019 by .

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Dear Dan:

My husband and I visited the AOA-Long Beach AOA office for assistance. As Landlords, we met with Rebecca for help with our Small Claims lawsuit.  We want to inform you of how much we appreciate the help and time that Rebecca professionally extended to us. She spent a great deal of time with us; showing concern with our situation.  She has the expertise of the law and understanding of involved, complex situations.She shared her knowledge with us on the Security Deposit laws and California Civil Code 1950.5. We just wanted to share our appreciation of Rebecca with you.  She is a credit to the Association. [...]

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Something to Think About #78 – by Klarise Yahya

Posted on 01. Mar, 2019 by .

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Continued from Part 77 . . . In Emily’s mind, apartment investments are by definition secure. Banks don’t lend $1 or $2 or $3 for every dollar of down payment the buyer contributes if the investment is risky. But, of course, not all apartments are equally secure. We’re using “secure” in the Buffett sense, meaning that barriers of entry make it reasonable to expect a steady and increasing stream of net income and the property is likely to appreciate over time. [...]

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Sell or Hold? Reasons Why You Should Consider Holding Your Property By – Peter Nelson

Posted on 01. Mar, 2019 by .

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We get a lot of owners who call us undecided whether they should sell or hold.  My advice to them every time is simply this: If you have a very good reason for the use of the net proceeds from sale, then sell.  But in every other case, HOLD! [...]

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Fair Housing Laws Protecting Rights of LGBT Community Are Ever-Evolving By- Ellen Clark

Posted on 01. Mar, 2019 by .

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In recent years, the LGBT community has earned additional rights under the law in many different contexts. From same-sex marriage recognition to restroom access corresponding to a person’s gender identity, the law is constantly evolving. The Federal Fair Housing Act (FHA) does not specifically include sexual orientation and gender identity as protected classes.  However, discrimination against a lesbian, gay, bisexual or transgender person may be covered by the FHA if it is based on nonconformity with gender stereotypes. [...]

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Legal Q & A by – Dennis Block

Posted on 01. Mar, 2019 by .

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Question One: My property is under rent control in the City of Los Angeles. I understand that the City will allow a rent increase of 4% effective July 1, 2019. I have a rent increase that I can institute for April, 2019. If I raise the rent 3% in April, will I be able to raise the rent an additional 1% in July? [...]

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