Category: Uncategorized

02
Jul

Update – Inglewood Rent Control Did not Make Nov 18 Ballot

Well, that was fast. 2 days after I posted a copy of the Inglewood Community Stabilization and Fair Rent Act, I got notified that it did not qualify for the November Ballot. Here is a link to an article. https://la.curbed.com/2018/6/22/17442778/rent-control-inglewood-long-beach-pasadena

I will update you all with more details shortly.

Bottom line, NO RENT CONTROL FOR INGLEWOOD!!!!

Thank you.

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31
May

Is Rent Control Going to Get a Whole Lot Worse For Landlords?

Activists are trying to repeal the Costa Hawkins Act

You may have heard about the efforts to repeal the Costa Hawkins Rental Housing Act enacted in 1995. The Costa Hawkins act limits rent control ordinances that cities or counties can place on rental properties. The act prohibits rent control on Single Family Homes, condos, and newly constructed apartment units. It also prohibits vacancy control, which means a landlord could not raise rents to market value even when a tenant

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11
Jan

Is The Potential Repeal of the Costa-Hawkins Bill Going to Impact You?

The Costa-Hawkins Rental Housing Act of 1995 is a state law that places limits on municipal rent control limits (wikipedia). The main benefit of this bill for rental property owners in cities like Los Angeles, Santa Monica, West Hollywood, and Beverly Hills is something called “Vacancy Decontrol”. Vacancy decontrol allows a property owner to raise rents on a vacant unit to market rent without restrictions. In the bad old days of rent control prior to the Costa-Hawkins Bill, an owner was limi

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11
Jan

Why I Still Love Selling Real Estate After 32 Years. (true story!)

Sometimes clients ask me if I still enjoy selling real estate after 32 years and all of the changes since the old days. My answer? Absolutely! You know that once you master your art or your craft, it becomes easy and enjoyable. I have probably closed about seven hundred escrows, sold every type of property imaginable, and have helped many buyers and sellers. And the best part of my experience is getting to meet and know all of my interesting clients.

My clients have ranged from mom and pop pr

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11
Jan

Is the New Federal Tax Bill Going to Help or Hurt Property Owners?

The new tax bill passed by congress and signed in to law by the president could have a big impact on property owners in California. Here are the highlights that will affect property owners:

  • Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. Existing loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap.
  • Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the
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11
Jan

Is Rent Control Coming To More Cities in SoCal?

Several affordable-housing activists have filed proposed ballot initiatives in California to create new rent control laws that would affect several cities that do not currently have rent control. The four cities in LA County that activists are targeting are Inglewood, Long Beach, Glendale, and Pasadena according to the LA Weekly magazine. Due to the skyrocketing rents in Southern California many tenants are getting priced out and are turning to groups like the Pasadena Tenants Union or Housing L

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13
Jun

THE PROS AND CONS OF SELLING YOUR BUILDING “OFF MARKET” 

Welcome and thanks for downloading this free report. The Westside investment property market is on fire in 2015! Especially coastal Santa Monica and Venice Beach which now boasts the “Silicon Beach” nickname due to the influx of both established and startup tech companies. In fact Google, which owns the famous “Binocular” building on Main St Venice, just purchased about 12 acres in Playa Vista. So these tech companies plus local and international inve

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