Due to the housing crisis in Los Angeles, commercial landlords are quietly turning their vacant office buildings into apartment buildings. The move comes at the right time as Los Angeles faces a historic housing crisis due to a lack of inventory, and economic conditions that are...
Could COVID-19 eviction protections be coming to an end in Los Angeles? A recent proposal by the LA City Housing Department calls for eviction protections to come to an end in 2023 and the move would bring Los Angeles in line with most cities in California...
It doesn’t matter how we define it; a recession is officially here. And the big question is how will it affect multifamily? In this article, we will answer this question while offering insight into how the recession will affect multifamily for the remainder of 2022 and...
In March 2020, the eviction moratorium was necessary to fight the spread of COVID-19, but with life slowly returning to normal the Los Angeles eviction moratorium continues. Mom and pop landlords in Los Angeles recently met with city leaders at LA City Hall to discuss ending...
One of the most common things that a landlord may encounter while the own multifamily investment properties in Los Angeles is a tenant who has a guest that stays longer than they should. Can that guest be classified as a tenant? In this article we will answer...
Rent protections were necessary during the early days of Covid-19 when the goal was to keep renters off the streets, but now that cases from the pandemic are down, the LA City Council is asking if it’s time to start rolling back rent protections? During a...
There’s no denying that interest rates are going up as the Federal Reserve is eager to curb inflation before it spirals out of control. The big question is what do rising interest rates mean for multifamily investors? In this article, we will answer this question, and offer...
Thanks to a recent study by the National Association of Home Builders, we know that government-imposed regulations often account for more than 40% of multifamily development costs. This is not surprising, especially in California, where regulations can often delay projects for years and the sad thing...
2021 was a bounce-back year for housing inventory growth in Los Angeles as developers responded to the need for housing and delivered closed to 13,000 units. The increase in construction continues in the LA area, and there are still close to 30,000 units under construction, with...
Since the start of the COVID-19 Pandemic, many tenants have been unable to pay their rent on time, or they stopped paying rent for months during the Eviction Moratorium. As the world slowly returns to normal, some landlords in Los Angeles are intensifying their background checks...