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Updated about 4 years ago on .
Federal, California, Los Angeles Eviction moratorium
Can someone explain why there are three different dates and the different moratoriums? How do landlords follow these different dates? Federal moratoriums extended to end of march, California has to vote on if it's going to expire feb 1 or extend, and then there is Los Angeles which already has extended it to february 28,2021.. So as a landlord do I only care about the LA county eviction moratorium?
To get even more confusing I noticed that the eviction moratorium only applies to people who make a certain amount, ie: couples who make less than 198k. Does that 198k mean wages reported to the federal govt? Adjusted Gross Income? There is very very little information on the details here that i've spent the last week researching. There is TONS of repeated information about not having to pay rent if you have a covid related crisis, and it can be self certified.. what is self certified?
Really interested to hearing about how local LA people are dealing with this. I wanted to do a no fault eviction on a tenant so a family member can move in after their lease is up, but it seems impossible at this point because of this eviction moratorium. The tenants make about 230k per year before taxes and have not missed a payment. Normally this would be no problem but the eviction moratorium includes no fault evictions. California definitely is on the decline for landlords. I highly discourage anyone looking to invest into real estate in california because the laws are strictly to protect the tenant and unless you are flipping, renting it for cash flow is horrible.
Open to discussions here. I suppose if you get a great tenant , there are no problems but also great tenants turn into home owners rather quickly, so you'll have constant turnover and constant screenings for the next young and up and coming good tenant soon to be home owner. I guess if you have that kind of patience then I can see why renting for cash flow is good, otherwise good tenants to me == soon to be home owners.