Steve Welty
Everything You Need to Know About AB 2216: Pet Ownership in Rental Housing
13 June 2024 | 3 replies
Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.
Carini Rochester
Good Cause Eviction law
14 June 2024 | 13 replies
It prohibits landlords from going on a quest for the "perfect tenant who always pays on the first."
Simone Montague-Jackson
Real Estate Syndications: Spark Rental
14 June 2024 | 15 replies
You are not licensed, at least in part, because the activity you're engaged in would be prohibited of any licensee.
David Gleason
How to maximize leverage on 4 SFH rentals to get to that "next step"
12 June 2024 | 7 replies
The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area.
AJ Wong
VA issues temporary fix to allow buyer-paid broker fees
11 June 2024 | 0 replies
Statement fro the National Association of Realtors: “NAR launched an all-hands advocacy effort on this issue, meeting with VA officials, engaging with lawmakers and rallying our industry partners to ensure this prohibition was lifted,” Shannon McGahn, the chief advocacy officer at NAR, said in a statement.
Geoff Stuhr
Converting retirement accounts (401k/IRA) into real estate assets
11 June 2024 | 0 replies
Invest in Real Assets: Use the money in your self-directed account to invest into real estate or other tangible assets such as gold and silverThere are some rules to follow, like avoiding prohibited transactions and ensuring that your assets are held by the custodian.
Garrett Brunell
Pregnant Applicant - Does she meet the income requirement?
12 June 2024 | 16 replies
Pregnancy is covered under Fair Housing laws (familial status), so not renting to her (or treating her differently) because of her pregnancy would definitely be prohibited.
Albert Johnson
How do you handle tenant complaints against neighbors?
10 June 2024 | 6 replies
If your lease agreement doesn't prohibit driving too fast in the residential area of the unit, you need to have a landlord attorney in your state look at the lease you're using, because driving too fast in a residential area may be a civil or criminal infraction or may even rise to the level of endangering the lives of others (neighbors).
Sandra Brothers
Have a great deal but no sponsor
11 June 2024 | 20 replies
Standard practice and the veriage should prohibit the person from doing any deals directly with the parties you are in negotiation with.
James Furlo
Is there such a thing as group loans?
11 June 2024 | 14 replies
Since loans are considered securities, most states require a security exemption, which can be prohibitively expensive.At least one state, California, automatically grants licensed CA real estate brokers an exemption without requiring them to go through the expensive registration process.