Written by Apartment Management Magazine on . Posted in Blog, Laws & Regulations, Leases & Legal

SEPTEMBER 3, 2020

Governor Signs Assembly Bill 3088, the “Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020”

Bill Passed by Overwhelming Majority, Bipartisan Vote in Both the Assembly (59-9) and Senate (33-2)

As anticipated, late Monday night, Assembly Bill 3088, the “Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020” was signed into law by Governor Gavin Newsom and takes effect immediately.  The “key” provisions contained in the legislation are described below.

Written by Apartment Management Magazine on . Posted in Blog

In response to the Coronavirus (COVID-19) pandemic, cities throughout California are issuing orders and adopting urgency ordinances establishing temporary eviction moratoriums on evictions due to non-payment of rent for renters impacted by COVID-19.  Some cities are also prohibiting “no-fault” evictions except in limited circumstances.  In addition, some cities are also prohibiting Ellis Act evictions.

The number of cities that have instituted temporary eviction moratoriums continues to expand.  The list provided below is a sampling of the cities, with links to their orders and/or ordinances, that have implemented temporary moratoriums and not inclusive of all the cities that may adopt such moratoriums.  The Apartment Association of Greater Los Angeles is committed to providing updated information throughout the pandemic.

Coronavirus (COVID-19): How Should Landlords Respond?

Written by Apartment Management Magazine on . Posted in Blog, For Landlords, Landlord Tips, safety

Rely on the People Who Know Science.

When coronavirus has been detected in a rental unit, the first and most compelling course of action is to call local public health officials to seek guidance in how to handle it.

Ask the infected tenant to voluntarily place themselves in a hospital facility, or at a bare minimum, self-isolate themselves.  For someone who exhibited symptoms or has tested positive, the most prudent course of action is to admit themselves into a medical facility. We still do not yet know, though, if the health care system can accommodate an influx of patients. In last Sunday’s press conference, New York Governor Andrew Cuomo says a serious concern for his state (and, by extension, California) is that the number of infected people can severely tax the resources of hospitals.  Alternatively, a resident who tests positive for the virus can ideally self-isolate themselves in the rental unit.  Asking someone to sever ties with the rest of the world, of course, is a request that is hard to swallow, but hopefully heeded.  Tenants who are infected should be told that in the interest of transparency, other residents will be notified that someone in the building has tested positive; however, the name of the inflicted tenant shall remain anonymous.

Public Health Advisory – March 24, 2020 Event Postponed

Written by Apartment Management Magazine on . Posted in Blog

As the situation surrounding COVID-19 (coronavirus) continues to evolve, the Apartment Association of Greater Los Angeles and the producer of the Income Property Management Expo & Maintenance Mania has been committed to working closely with the City of Pasadena Public Health Department, Los Angeles County Department of Public Health and we have been monitoring guidance being communicated by the Centers for Disease Control and Prevention.

State public health experts have determined that gatherings should be postponed or canceled across the state until at least the end of March. Non-essential gatherings must be limited to no more than 250 people, while smaller events can proceed only if the organizers can implement social distancing of 6 feet per person. Gatherings of individuals who are at higher risk for severe illness from COVID-19 should be limited to no more than 10 people, while also following social distancing guidelines.

As a result, we are postponing the March 24th Income Property Management Expo until Wednesday, October 7th.  The Expo at that time will again take place at the Pasadena Convention Center. In addition, Maintenance Mania will be cancelled until further notice. Additional information regarding the event will be made available as soon as possible.

New California Rental Housing Laws: AB 1482 Is Only the Beginning…

Written by Apartment Management Magazine on . Posted in Blog

While the rental housing industry in California has been abuzz about the latest rent control and “just cause” eviction law (more on that below), Gov. Newsom has passed five other rental laws. From extended rent increase notices to the mandatory acceptance of Section 8 vouchers, you won’t want to miss these other hot-off-the-press laws.

Important Local Legal and Eviction Moratorium Update

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

WHEN: 11:00 A.M. – 12:00 P.M. on Friday, September 25, 2020

Are YOU Confused?  We Cover the Local Issues for YOU.Your Questions Answered by AAGLA’s General Counsel and Director of Government Affairs

100’s of cities and counties across Southern California have passed new housing regulations such as eviction moratoriums, rent increase freezes, and new tenant protections making it more difficult to operate within the rental housing business as YOU have in the past.   More recently, Governor Newsom signed into law effective September 1, 2020 Assembly Bill 3088, the “Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020” and the Centers for Disease Control and Prevention (CDC) issued orders suspending residential evictions through the end of December.  How do Assembly Bill 3088 and the CDC’s Order impact local eviction moratoriums?  

Join us so that YOU stay up to date on these local eviction moratoriums and the many recent new local ordinances that have been imposed or are pending that will impact YOU.

Planned Topics Include:

  • What is the status of the various local eviction moratoriums and other local regulations?
  • When can landlords begin pursuing evictions?  Are courts open?
  • City of Los Angeles’ and the County of Los Angeles’ renter assistance funds – are there risks in taking the money?
  • How does A.B. 3088 and the CDC’s order impact local eviction moratoriums and YOUR right to proceed with an ecivtion?
  • What are the latest ordinances passed or pending that impact rental housing?  Learn about new one-year lease requirements, Burbank rent control ballot initiative, right to counsel, right of first refusal and so much more!

Year End Tax Planning: Major Moves For Major Tax Savings Presented by Robert Hall & Associates

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

WHEN: 11:00 A.M. – 12:00 P.M. on Thursday, October 1, 2020

Learn what YOU can do to save on your State and Federal taxes by leading tax expert, Tony Watson of Robert Hall & Associates.  Taking this webinar will teach you to avoid the major tax pitfalls and mistakes and how you can save money on YOUR taxes before it is too late and the end of the year is upon us. 

The end of 2020 is approaching and it is time to plan ahead for your taxes this year. And, it is no secret that saving taxes accelerates wealth and compresses your time frame towards financial independence. But what are the best strategies to accomplish this?

During this presentation, Tony Watson, an Enrolled Agent from Robert Hall & Associates, will explain to you the tax planning strategies YOU need to employ and the secrets YOU can use to save on YOUR taxes.  Learn about the most often forgotten tax deductions, how to avoid costly tax mistakes, and the leading, “last minute” tax avoidance strategies all in perfectly legal and in compliance with the law.  Whether you are a real estate investor, agent, or lender, you will definitely benefit from this important information to reduce your tax bill and maximize YOUR return on your real estate investments and  potentially save thousands of dollars this year and in the future!

Discussion Topics Include:

  • The top – often forgotten – tax deductions to take on a tax return
  • Why is it important to know YOUR tax situation by the end of the year?
  • What is a Form W-4 review?
  • What are the Top 5 tax write-offs?
  • Deductibility of mortgage interest:  how much can YOU really save?
  • Why aren’t YOUR medical costs deductible?
  • Do YOU have to make estimates tax payments?
  • 401(k) and INdividual Retirement Account (IRA) vs. self-directed IRA or Solo 401(k) Plans
  • The effects of the IRs layoffs
  • Changes in the tax code for 2020 and what’s on the horizon for 2021?
  • The most audited deductions and how to best document to avoid costly penalties and interest
  • and much more, including Q&A to follow the presentation!

The Round-Up of California’s Wasted Taxpayer Money

Written by Apartment Management Magazine on . Posted in Blog

The Round-Up of California’s Wasted Taxpayer Money

By Jon Coupal, Howard Jarvis Taxpayers Association

Anyone who has ever managed a household knows that it is not only how much money you make that matters. It is also how much you spend.  California’s budget is vastly more complicated, and less transparent, than family finances. So, it is even more important for taxpayers to watch closely as elected officials spend our money.  The Howard Jarvis Taxpayers Association has found that, in many instances, California’s budget is a catalog of careless, excessive, and wasteful spending, or, as some might have it, business as usual.

For example, the Department of Motor Vehicles had years to prepare for the launch of the national “Real ID,” but failed to do so. The agency was rewarded with an additional $242 Million in new spending to try it again.  State Auditor Elaine Howle found misuse of state resources in county fair funds, documenting $318,000 in misspent funds, including more than $30,000 for “excessive and unauthorized travel expenses,” lavish dinners and alcohol.  In another audit, State Auditor Howle discovered that the California State University system hid $1.5 Billion in an outside account to spend on operating costs, while raising tuition almost yearly and asking the Legislature for more funding. CSU has nearly doubled tuition from 2008 to 2018.

Will a Wealth Tax Make California’s Wealthy Flee?

Written by Apartment Management Magazine on . Posted in Blog

Will a Wealth Tax Make California’s Wealthy Flee?

By Edward Ring
August 25, 2020

If you’re rich, there aren’t too many places on earth better than California to live. Sure, there are the perennial earthquakes and wildfires, but those are more than made up for by the Mediterranean climate and the scenic splendor; the Pacific Shore, the High Sierra. And apart from these natural disasters, nothing is wrong with California that money can’t cure.

If you’re a billionaire, then California’s punitive cost-of-living and its failed public schools are of no concern. The moneyed liberal patricians of California, from Tom Steyer to Jack Dorsey, have options. Who cares if your mega-mansion costs $12 million instead of $1.2 million, if you’re a billionaire? Who cares if the local public school is a war zone, if you can easily afford to send your children to the finest private school money can buy?

Assembly Bill 3088: What You Need To Know About the “Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020”

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

WHEN: 11:00 A.M. – 12:00 P.M. on Wednesday, September 23, 2020

Please join us on Wednesday, September 23, 2020 at 11:00 a.m. to hear from the leading landlord / tenant legal expert, Dennis Block, Esq.  DON’T MISS THIS IMPORTANT NEW WEBINAR – THIS IS YOUR CHANCE TO GET YOUR LEGAL QUESTIONS ANSWERED BY CALIFORNIA’S TOP EVICTION 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. 

Dennis P. Block, eviction attorney,  is THE AUTHORITY in the field of Landlord  /Tenant law and rent control issues in California. He conducts numerous seminars for both landlords and fellow attorneys and is a rental property owner himself.

WEBINAR DISCUSSION TOPICS INCLUDE:

  • Assembly Bill 3088 – Everything YOU Need to Know About the the “Tenant, Homeowner, and Small Landlord Relief and Stabilization Act of 2020
    • New forms are required?
    • When are tenants required to pay their rent?
    • When can evictions for non-payment of rent proceed?
    • Can evictions be brought for other issues?
    • How can YOU make the perfect margarita?
  • How long can your tenants withhold rent from YOU?
  • What proof are tenants required to provide to YOU in order withhold rent?
  • Can YOU proceed with an eviction at this time?  What are the best strategies YOU can deploy right now?
  • Are there different rules depending on what jurisdiction your property is in?
  • Are the courts open at present?  When will the courts open?
  • What time does happy hour start? (e.g., When will the emergency declaration be lifted and we go back to normal?)
  • And, much, much more…including Q&A to follow the presentation.

An Update from Sacramento – New Laws That Are Going to Impact You

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

WHEN: 1:00 P.M. – 2:00 P.M. on Thursday, September 17, 2020

What passed, and what didn’t?  What do WE have to look forward to in 2021?  Just like everyone else, YOU are concerned about all the new California regulations and rent control laws.  During this webinar, our Sacramento lobbyists will update you on ALL THE NEW LAWS that passed during the most recent legislative session.  Get the “inside scoop” from AAGLA’s two lobbyists “on the ground” at the State’s Capitol, and hear about what new laws have made it to the Governor’s desk, proposed laws we have defeated, and what YOU might possibly expect out of our Legislature for next year.

  • The complete Sacramento update – the Good, the Bad and the Ugly
  • What passed and why?  Important strategies and negotiations utilized to amed what could have turned out far worse.
  • Status of Senate Bill 1410 and Assembly Bill 1436, the long-term repayment “scheme” bills
  • What’s on the Governor’s agenda for the rest of this year and next?
  • How is the State continuing to respond to COVID-19 and deal with severe budget consequences?
  • What can YOU, as a rental property owner, do to effect change in California?
  • and much more – your questions submitted prior to and during the webinar will drive the discussion!

PROP. 13 UNDER ATTACK: The Split-Roll Ballot Initiative – What It Means for California’s Rental Property Owners

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

FAILURE TO ATTEND THIS WEBINAR CAN BE HARMFUL TO YOUR INVESTMENTS!  Proposition 15, the “California Schools and Local Communities Funding Act” (a/k/a, “Split Roll”) is on the November 3rd ballot.  Join us and learn how this proposed new law could negatively impact YOU.

WHEN: 10:00 A.M. – 11:00 A.M. on Tuesday, September 15, 2020

Californians will have the chance this November to decide if Proposition 13 will remain as it has since its passage in 1978, or if it will turn it into a chimera that treats homes and businesses differently, bleeding taxpayers for tens of billions of dollars.  Proposition 13 is our state’s Constitutional Amendment that fixes the assessed value of all real properties for property tax purposes.  When it passed, Proposition 13 lowered property taxes by assessing property values at their 1976 value and by restricting annual increases of assessed value to an inflation factor, not to exceed 2% per year. Under Proposition 13, reassessment is ONLY permitted when there is a change in ownership at a property or completion of new construction.

Proposition 13 was led by taxpayer advocate Howard Jarvis and approved by voters in response to punishing property taxes. It was the “political equivalent of a sonic boom,” economist Arthur Laffer wrote in “Eureka! How to Fix California.” It was also an economic boom, setting off a “entrepreneurial and commercial explosion.” Job creation soared. Economist Stephen Moore said Prop 13 “ushered in a second California gold rush.”  However, it is no secret that public sector labor organizations hate Proposition 13 because it remains one of the few barriers to their unfettered access to our wallets and pocketbooks.  Whether in the courts, legislature, initiative measures or “public education” campaigns, their relentless resistance to that landmark initiative has continued unabated for over forty years. 

Although the proposed “Split-Roll” ballot initiative will impact just commercial (non-residential) properties, THIS IS MERELY THE “CAMEL PEEKING UNDER THE TENT” AND IT IS ONLY A MATTER OF TIME BEFORE THE SAME THING HAPPENS WITH MULTIFAMILY PROPERTIES.  It has also been estimated that “Split-Roll” will result in BILLIONS OF DOLLARS IN LOST ECONOMIC OUTPUT as businesses reduce office space, reduce employment to cover increased costs, move out of state, etc., and business will have NO OTHER CHOICE BUT TO PASS ALONG PROPERTY TAX INCREASES TO US CONSUMERS.

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