Author Archive

State of Affairs – Eviction Laws & Where We Are Headed, Presented by Brennan Law Firm

Written by Apartment Management Magazine on . Posted in Blog, Webinar

WHEN: 11:00 A.M. – 12:00 P.M. on Tuesday, October 27th, 2020

MIKE BRENNAN, ESQ. LIVE!Join us online for a live webinar and Q&A session with Mike Brennan, the top landlord and eviction attorney. 

YOU DON’T MISS THIS IMPORTANT UPCOMING, NEW WEBINAR – THIS IS YOUR CHANCE TO GET YOUR LEGAL QUESTIONS ANSWERED BY CALIFORNIA’S TOP LANDLORD ATTORNEY…FOR FREE!  

Learn about when and how you can evict your problem tenants, how the newly passed state eviction “stop-gap” law impacts YOU, legal strategies you can deploy for when the emergency declaration has ended and understand your rights as a rental property owner. 

WEBINAR DISCUSSION TOPICS INCLUDE:

Prediction For 2030: Can We Stop The Government Take Over Of Rental Housing?

Written by Apartment Management Magazine on . Posted in Blog

Prediction For 2030: Can We Stop The Government Take Over Of Rental Housing?

(This is Part 3 and the Final Article in a Series)

By Roger Valdez

After years of working on housing policy, I have found myself frequently referring to Virgil’s Aeneid, the story of the journey of Aeneas from Troy to Italy where he would be the founder of Rome. Like many epics – the Pentateuch, the Mahabharata, or Gilgamesh – the plot is riveting, but so are the images that become cultural touchstones. The Trojan Horse is one of these. Barbara Tuchman dedicated an entire chapter of her book, March of Folly, to the horse as an emblem of humanity’s addiction “to pursuing policy contrary to self-interest.” The government takeover of housing would be just such a policy. But how do we stop the wheeling of this Trojan Horse into the center of our economy?

I’m not going to argue against the notion that housing should be de-commodified and controlled by the state other than to say that even in such a world, without an absolute, stable, and perpetual equilibrium between supply of housing units and demand for them, high prices would simply be replaced with rationing and long waits for “free” housing. This seems to be enough. Except that, as I’ve pointed out before, the desire to seize private housing isn’t about housing at all, but political power.

Union Backed Prop. 15 Will Destroy Small Businesses

Written by Apartment Management Magazine on . Posted in Blog

Union Backed Prop. 15 Will Destroy Small Businesses

By Edward Ring
September 9, 2020

California’s state and local governments, and the public sector unions that exercise nearly absolute control over the politicians who supposedly oversee them, have always had an insatiable desire for higher taxes. The economic impact of the COVID-19 pandemic has added even more urgency to their insatiable quest for more money from taxpayers, but through the years their basic game plan and goals have been remarkably consistent.

For example, the so-called “Split Roll” property tax increase which has finally made it onto the November 2020 state ballot in the form of Prop. 15, is something that has been proposed for years by California’s government unions and their supporters. This new tax is designed to undermine the historic 1978 Prop. 13, which limits property reassessments to when there is a change in ownership, and from that baseline keeps increases to maximum of two percent per year. Prop. 13 also freezes the property tax rate at one percent, although countless local “fees” have elevated the actual amount owners have to pay.

ELECTION 2020: What Can YOU Expect as an Investor?

Written by Apartment Management Magazine on . Posted in Blog, Webinar

WHEN: 11:00 A.M. – 12:00 P.M. on Tuesday, October 20th, 2020

PLEASE JOIN US FOR A VERY IMPORTANT webinar about the state of today’s real estate and securities markets, and how YOU could be impacted by the prolonged COVID-19 pandemic.  Learn what you can do today to protect your interests as we continue to navigate the current political and economic environments, and the ongoing impacts of the global pandemic.  During this highly informative webinar, we will cover:

  • Choosing investment and diversification strategies that drive favorable returns.
  • What YOU can expect in the face of the Presidential Election and continued, prolonged pandemic.
  • What is driving today’s stock market and real estate market in a seemingly DOWN economy and global pandemic?
  • What do YOU need to know about YOUR investments looking out over a one-year to five-year horizon?
  • Should YOU invest NOW, or hold onto cash or other liquid securities?
  • Stock Market vs. Real Estate Market?  What’s YOUR best option?
  • And, much, much more!  The Q&A following the presentation allows YOU to drive the ongoing discussion.

GUEST SPEAKER: Matthew Wollmann, Vice President, Financial Advisor, HilltopSecurities

Matthew Wollmann is a Vice President, Financial Advisor with HilltopSecurities’ Private Client Group in Sherman Oaks. He has worked as a Financial Advisor since 2008 and specializes in customizing financial and retirement plans for individuals and corporations. Prior to joining HilltopSecurities Matthew spent five years at Morgan Stanley.  Matthew dedicates his success as a Financial Advisor to his belief in approaching the  financial planning process with honesty, integrity, and making his clients’ well-being his ultimate priority. He recognizes the planning process can often be overwhelming and intimidating with the amount of information, often conflicting, regarding how one should begin the process and how to invest. Matthew simplifies the process by designing a holistic financial plan designed to provide clients clarity and peace of mind throughout retirement.

Through the planning process, he gains an in-depth understanding of the client’s financial and personal goals followed by the construction of a financial plan that may include the following topics: Estate Planning, Retirement, Social Security, College-Savings, Asset Management, Insurance, Long-Term Care, and/or Tax-Managed investing.  Matthew is a graduate of Florida State University. He lives in Santa Monica, California with his wife, Jennifer. Together they enjoy spending time with their daughter, traveling abroad, taking cooking classes, wine tasting, hiking, and volunteering at the Los Angeles Food Bank.

GUEST SPEAKER: Mehernosh Engineer, Vice President, Capital Market Strategy, Fidelity Investments

Mehernosh Engineer is a Vice President of the Capital Markets Strategy Group (CMSG) at Fidelity Institutional Asset Management (FIAM), Fidelity Investments’ distribution and client service organization dedicated to meeting the needs of consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.  Prior to joining Fidelity in 2014, Mr. Engineer worked as a senior macro credit and portfolio strategist at BNP Paribas. Previously, he held a research and portfolio advisory role at Morgan Stanley, working with institutional clients across Europe.

Mr. Engineer earned his bachelor of technology degree in metallurgical engineering from the Indian Institute of Technology in Bombay, his master of science degree in materials science and engineering from the University of Delaware, and his master of science degree in financial engineering from the University of Michigan.

SPONSORED BY:
HILLTOP SECURITIES

Liberty and Justice for All Landlords: Fight Back With the Pacific Legal Foundation

Written by Apartment Management Magazine on . Posted in Blog, Webinar

WHEN: 11:00 A.M. – 12:00 P.M. on Thursday, October 15th, 2020

Have you ever asked this question following the constant onslaught of government overreach and regulation hurting the value of YOUR rental properties?  CAN WE FILE A LAWSUIT TO PROTECT OUR PROPERTY RIGHTS?  The right to own and use YOUR property is the guardian of every other right. Without it, YOUR freedom to exercise every other right is limited.

The Pacific Legal Foundation (PLF) is a nonprofit legal organization that defends Americans’ liberties when threatened by government overreach and abuse. PLF sues the government when it violates Americans’ constitutional rights—and it often wins!  Each year, PLF represents hundreds of Americans and many landlords, free of charge, who seek to improve their lives but are stymied by government. PLF gives them their day in court to vindicate their rights and set a lasting precedent to protect everyone else.

The Fifth Amendment of the U.S. Constitution allows government to take private property for public use, but ONLY when it pays just compensation. This is sometimes referred to as eminent domain, condemnation, or a “taking.” Government often evades this obligation by using regulations to limit use of property and reduce its value such a rent control, just-cause eviction rules, eviction moratoria, etc.

Learn what is taking place in a courtroom near you to protect your Constitutional Rights.  Join us for a very important and informative briefing by PLF on current cases and recent case law that will affect your investment in income property.  During this important webinar, we will cover:

  • Current ongoing lawsuits and recent case law that will impact YOUR investment in investment property.
  • Have the local and state, and now Federal eviction moratoriums gone too far?
  • How can limits on constitutional takings be enforced?  What is a “taking”?
  • How can we stop governments that use fines and outright forfeitures to take control of property and pad their budgets?
  • What can be done to prevent government taking property directly by seeking to diminish an owner’s control, effectively turning private property into a public asset while maintaining the fiction of private ownership?

What is being done to challenge Land use laws under the disguise of promoting health and safety, and reducing public nuisances?

GUEST SPEAKER: James Burling, Esq., Vice President of Legal Affairs, Pacific Legal Foundation

Before becoming an attorney, James had been a productive member of society working as an exploration geologist in the late 1970s throughout the southwestern United States. However, after several years of dealing with irrational government bureaucrats and environmental policies untethered from reality, James decided that what the world needs is more lawyers — if they are willing to fight for rationality in regulatory regimes, property rights, and liberty.  James attended the University of Arizona College of Law in Tucson, where he served as an editor for the Law Review and received a J.D. degree in 1983. He had previously received a master’s degree in geological sciences from Brown University and an undergraduate degree from Hamilton College in New York. James received the Professional Achievement Award from the University of Arizona Alumni Association in 2018.

James has worked with Pacific Legal Foundation since 1983, litigating cases from Alaska to Florida. He is a member of the Federalist Society’s Environmental Law and Property Rights Practice Group’s Executive Committee, a member of the American College of Real Estate Lawyers, and an honorary member of Owners Counsel of America, an organization comprised of eminent domain attorneys who represent property owners. The Owners Counsel awarded James its Crystal Eagle award in 2013.  In 2001, James successfully argued a major property rights case, Palazzolo v. Rhode Island, before the United States Supreme Court, a case which affirmed that rights in regulated property do not disappear when land is bought and sold. He has written extensively on all aspects of property rights and environmental law and frequently speaks on these subjects throughout the nation.

Pacific Legal Foundation is a national nonprofit legal organization that defends Americans threatened by government overreach and abuse. Since our founding in 1973, we challenge the government when it violates individual liberty and constitutional rights. With active cases in 39 states plus Washington, D.C., PLF represents clients in state and federal courts, with 12 victories out of 14 cases 

SPONSORED BY:
PACIFIC LEGAL FOUNDATION

A Property Manager’s Thoughts on Prop. 21

Written by Apartment Management Magazine on . Posted in Blog

A Property Manager’s Thoughts on Prop. 21
by David Crown

Proposition 21, which would overhaul Costa-Hawkins by allowing cities and counties to impose rent control on properties built within the past fifteen years (among other things), will only do harm if passed.

Landlords won’t have incentive to improve properties when they can’t increase their return. Many won’t even be financially able to repair or upgrade units that don’t bring in market rates. That will affect the quality of rentals available. Landlords that have the ability to use their properties for something else besides residential use may do so, leading to fewer housing options for the people this measure is supposed to help. Enforced caps on rent growth make it difficult for multifamily property owners to meet investors’ target returns. This all adds up to a decrease in supply of new apartments, and higher prices. For example, between 1978 and 1990, Berkeley, California, which has some of the strictest rent-control laws in the country, saw its rental supply drop 14%.

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