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Archive for April, 2020
Solution for Tenants Walking Away Without Paying Rent By-Rebecca Abbott, AOA Long Beach Branch Manager
Posted on 01. Jul, 2020 by AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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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Letters to the Editor …
Posted on 01. Jul, 2020 by AOA Editor.
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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Virus Effects on Apartments and Real Estate by Joseph W. DeCarlo
Posted on 01. Jul, 2020 by AOA Editor.
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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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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 to End State’s Eviction Ban
Posted on 01. Jul, 2020 by AOA Editor.
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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Lawsuit Planned to Win Back Your Property Rights!
Posted on 01. Jul, 2020 by AOA Editor.
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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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 AOA Editor.
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 AOA Editor.
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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Resident Manager Law Update for 2020 By-Dale Alberstone
Posted on 01. Jul, 2020 by AOA Editor.
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 AOA Editor.
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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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 AOA Editor.
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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A Response from Senator Pat Bates Regarding AB 828
Posted on 01. Jul, 2020 by AOA Editor.
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 AOA Editor.
[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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OPPOSE AB 828 – FREE RENT! By- Michael Millman
Posted on 01. Jun, 2020 by AOA Editor.
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 Effect of Long Term Inflation on Real Estate: Part 1 By- Klarise Yahya
Posted on 01. Jun, 2020 by AOA Editor.
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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The “Big Lie” Behind COVID-19 – Part 1
Posted on 01. Jun, 2020 by AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
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 AOA Editor.
“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 AOA Editor.
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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COVID-19, CARES ACT and Your Taxes – A Few Quick Tips! By- Sarin Vartanian
Posted on 01. Jun, 2020 by AOA Editor.
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 AOA Editor.
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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Why the Housing Market May Weather Coronavirus Impact Better Than the Great Recession By- Mark Fleming, Ph.D.
Posted on 01. Jun, 2020 by AOA Editor.
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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Landlords and COVID-19 Challenges By- Jeffrey Taylor, MR LANDLORD.COM
Posted on 01. Jun, 2020 by AOA Editor.
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 AOA Editor.
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 AOA Editor.
Q: I heard on the news that there is an eviction moratorium in the state of California. What that does that mean?
