Why Now is a Good Time to Refinance

Written by Landlord Property Management Magazine on . Posted in Blog

By Robert Murphy

If borrowers have been deliberating whether to refinance existing CRE debt, today’s market conditions present an excellent opportunity to lock in long-term debt.  You may have recently heard talk about the yield curve flattening  – in this instance, short-term government rates have crept up within shouting distance of the 10-year Treasury yield.  The last time the spread between the 10T & 2T notes (as of 4/25: 0.53%) has been this narrow was April 2005.  Although the flattening yield curve is inviting discussion from market experts about possible inversion, the current flatter curve provides a long-term CRE investor with a terrific opportunity to refinance existing floating-rate debt.

What landlords should know when tenants seek emergency assistance

Written by Landlord Property Management Magazine on . Posted in Blog

By Daniel Bornstein | Bornstein Law

A perennial issue we’ve had at Bornstein Law has been communicating the law when it sometimes has the shelf life of a banana peel. When it comes to police presence at a rental unit, our earlier article stands to be upended.

In that venue on domestic violence, we noted among other things that when discord spills into other units and interferes with other tenants’ quiet enjoyment of the premises, a landlord should give deference to a tenant when they are victims of “domestic violence, sexual assault, stalking, human trafficking, or elder or dependent adult abuse.”

Protecting taxpayer interests in the fire liability fight

Written by Landlord Property Management Magazine on . Posted in Blog

By Jon Coupal

One of the most contentious political battles currently being waged in Sacramento during the final two weeks of the legislative session is over the extent to which investor-owned utilities, such as Pacific Gas & Electric, should be held liable and have to compensate property owners for the damage inflicted by the horrendous wildfires that are still burning across the state. Average California taxpayers and homeowners probably sense this is a big deal because of extensive media coverage, but may not know what to think about it.

DST 1031 Exchange: What is it and how might it help with my current 1031 Exchange?

Written by Landlord Property Management Magazine on . Posted in Blog

By Dwight Kay | KPI1031.com

So you’ve decided to do a 1031 exchange, meaning you have decided to sell your property and invest that money in another property in order to defer the federal capital gains tax, state capital gains tax, depreciation recapture tax and the Medicare surtax. Smart!

But are you just moving from one headache to another? If you’re looking to retire from property management but you still want to defer your taxes using a 1031 exchange and keep your invested money working for you, you might be interested in learning about a DST.

Rental Housing Legislation You Should Be Keeping your Eye On

Written by Landlord Property Management Magazine on . Posted in Blog

By Becky Bower | ApplyConnect

As the majority of the country takes a break proposing and passing new rental housing laws and regulations, let’s take a moment to review the rental housing bills that are currently up to bat. From regulations on service animals in Illinois, rental property registration in the city of Portland, and additional homeless grants and assistance in California, the rental housing legislation at this point is a mixed bag. Take a look below at the passed and proposed rental housing laws in your state.

What Do You Mean My Landlord’s Not Responsible? New Survey Shows Tenants Don’t Understand Liability Issues

Written by Landlord Property Management Magazine on . Posted in Blog

by Kyle Gelsthorpe

Airline tickets? Check. Credit cards? Check. Wireless charger? Check. Renters preparing for vacation have a checklist of items they don’t want to forget.

Unfortunately, many renters fail to consider a key question that should be at the top of the list: While they’re away, who is responsible in the event of burglary/theft or property damage from a fire, weather or negligence?

Turns out a lot of renters are in the dark about who bears ultimate responsibility.

According to a new survey by global risk solutions provider Assurant of 1,000 U.S. renters, nearly one-third (32 percent) believe either the landlord or property management company should be responsible for damage or liability protection, while an additional 25 percent said they were “not sure” who’s responsible.

FIVE RENTAL REVENUE GROWTH STRATEGIES

Written by Landlord Property Management Magazine on . Posted in Blog

by John Wilhoit

This article presents five areas to assist in rental revenue growth. But it goes beyond just rents and ancillary income. We know that most revenue from a rental property comes from rents but that’s not the whole story.

How many rental revenue growth strategies are you deploying presently on your property? How many are in process: working, operational, functional and bringing in dollars? For some folks that’s an easy question. They can rattle off those that are implemented and bringing in money and for other people you’ve got to stop and think about it.

Written by Landlord Property Management Magazine on . Posted in Blog

by Daniel Bonstein, esq.

Immigration law has become a combustible subject lately and while all politics are local, some are more local than others. The Bay Area has become a microcosm of weighty immigration issues that have recently stirred up a lot of soul searching and widespread national debate.

Our role at Bornstein Law is not to legislate or get mired into policy, but to educate the rental housing industry on legal issues that impact their business and to prepare for any anticipated changes in the law.

With California seemingly hunkering down as the capital of democratic resistance in the Trump era, the state was prophetic in enacting AB 291, or the Immigrant Tenant Protection Act. This law clamps down on unscrupulous rental housing providers who use an individual’s immigration status against tenants. Assemblymember David Chiu spoke to his colleagues on the Assembly floor and made his case for the bill.

UNDER GUISE OF ‘AFFORDABLE HOUSING’ ABUSIVE AGENCIES MIGHT BE MAKING A COMEBACK

Written by Landlord Property Management Magazine on . Posted in Blog

by Steven Greenhut

In the seven years since Gov. Jerry Brown shut down California’s redevelopment agencies, their defenders have managed to resuscitate their image. Never mind that these controversial agencies ladled out corporate welfare, wantonly abused eminent domain on behalf of developers and diverted $5 billion annually from public services. A new bill would bring them back to life, and its supporters would have us believe they’re the means to resolve California’s housing crisis.

That argument is bizarre given that “redevelopment” actually helped cause the current housing shortage because it overvalued the construction of sales-tax-generating big-box stores at the expense of home construction. Sure, redevelopment law required agencies to set aside 20 percent of their proceeds to build subsidized apartments, but the relatively small number of redevelopment-created units pales in comparison to the havoc wreaked by the land-use distortions caused by these agencies.

4 Important Questions to Ask Yourself Before Purchasing a Vacation Rental Home for Income

Written by Landlord Property Management Magazine on . Posted in Blog

By Rob Stephens

Interested in renting out your yurt, tiny house or couch? Now there are several options homeowners have to make extra income. For those looking to purchase a second home, often called a vacation rental home, renting out to vacationers is a great way to afford purchasing an additional property. Not to mention, for a growing number of travelers, renting a private home is the only way to go and typically offers more choices, comfort and privacy than hotels, and often cost less as well.

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