In a last-minute move to stop a ‘tidal wave’ of evictions from hitting California, Governor Gavin Newsom has extended the state's eviction moratorium for another 3 months, until September 30th. Even though an extension of the eviction moratorium may be good for tenants, is it going...
Landlords in Los Angles, and across California, breathed a collective ‘sigh of relief’ recently after Governor Gavin Newsom signed SB 91, a bill that will use $2.6 billion in Federal funds to pay landlords up to 80% of the back rent that they are owed...
Thanks to recent data, we know that apartment rents in Los Angeles have declined by 12% year-over-year, in West Hollywood and LA, since the beginning of the Covid-19 Pandemic. This was to be expected because the Pandemic has been responsible for a variety of factors including...
With the eviction moratorium set to expire on September 2nd, California lawmakers have been working hard over the last week to pass a new eviction ban. They accomplished their goal last night by approving AB 3088, a new eviction ban which will postpone evictions for tenants...
The battle over rent control in California continues, even though AB 1482 became law in January 2020, capping rent increases at 5 percent per year plus local inflation. Lawmakers in California continue to push for more rent control following Covid-19 and the changes that it’s brought...
In our last blog post, we offered you a variety of “best practices” for managing your multifamily investment property in Los Angeles during the COVID-19 pandemic. Since the pandemic continues to persist in Southern California, and COVID-19 has affected the multifamily investment market, we’re going to...
Are you searching for information on how to manage your multifamily investment properties in Los Angeles while COVID-19 is affecting the LA area? If so, you’ve come to the right place! In this article, we will share with you our best practices for managing your multifamily...
Coronavirus has been the one thing on the minds of most Californians in recent weeks as every non-essential industry has been forced to close. This also means that thousands of people in the Los Angeles area and across California have not been working for at...