Read CAA's letter opposing AB 828 here.This bill denies equal justice to housing providers by:Forcing landlords to reduce rents by 25% even if a tenant cannot demonstrate a hardship or need.Allowing judges and the court system to set rents and change the rental agreements already in place.Assuming every tenant is facing a hardship related to COVID-19 and must be compensated for this hardship.Protecting nuisance tenants as it does not require tenants to answer an unlawful detainer complaintMandating that rental property owners demonstrate an economic hardship to collect the contracted rent.AB 828 is an unfair attempt to allow the government and the courts to give reduced rent to all tenants even if they have face no economic hardship, and it provides safeguards for landlords.Contact your state legislator and ask him or her to VOTE NO on AB 828.

What safeguards did you put into place?

There is no government oversight in our industry and because of that there have been instances where QIs have not safeguarded their client's funds appropriately and/or they don't have the expertise and experience to adequately assist a client engaging in a 1031.

Equities are controlled and it's sad because there are no good easy investment tools to safeguard retirements.

If the bank approves your loan, that generally means they have confidence in your plan, and since they are on the hook for 75-80% of your loan that's a pretty high mark of confidence.This isn't to say you don't need a plan or that the bank is omniscient; it just means that there are a bunch of safeguards in place that help keep you from driving off the cliff. 

She advised me to not start a business entity and use a personal liability umbrella policy to safeguard my family.

I would ensure, however, that you have a copy of their license and insurance for safeguarding your interests.

There is maybe no better way to safeguard your investment than building equity on the front end by buying a great deal and taking care of the project that nobody else wanted to address..

This bill denies equal justice to housing providers by:Forcing landlords to reduce rents by 25% even if a tenant cannot demonstrate a hardship or need.Allowing judges and the court system to set rents and change the rental agreements already in place.Assuming every tenant is facing a hardship related to COVID-19 and must be compensated for this hardship.Protecting nuisance tenants as it does not require tenants to answer an unlawful detainer complaintMandating that rental property owners demonstrate an economic hardship to collect the contracted rent.AB 828 is an unfair attempt to allow the government and the courts to give reduced rent to all tenants even if they have faced no economic hardship, and it provides no safeguards for landlords.As for the taxes, local laws are not state laws and state laws are not feral laws and state to state laws are different.

Anyone can be a QI so make sure the organizations you interview have safeguards in place like insurance, bonding, experience, expertise, etc.