Dramatic Changes to Real Estate Law: CA Multi-Family Investors
HTML-код
- Опубликовано: 15 сен 2024
- Today on The Apartment Dealer Show, as we continue to share live footage from my recent Apartment Owners' Educational Luncheon we are spotlighting recent legislative changes that will significantly impact multi-family investors. Staying well-informed is vital for your success, and we're dedicated to providing these valuable insights.
In this informative video, we delve into the latest legislative developments and trends affecting your commercial real estate investments. Our speaker, Mike Brennan blends a background in history and political science from UCLA with legal expertise and hands-on commercial real estate experience. His insights offer a deeper understanding of how these legal changes intersect with our industry.
We'll begin by discussing Assembly Bill 12 (AB12), addressing security deposit limitations, which can affect your risk management strategies. Senate Bill 567 (SB567) introduces significant restrictions on the Ellis Act, influencing your investment decision-making.
Assembly Bill 225 (AB225) alters environmental booklets for tenants, potentially increasing landlord liability. AB309, the Social Housing Act, uses taxpayer funds to target low to moderate-income residents, exemplifying increasing government involvement.
AB524, known as the Family Caregiver Act, might create a protected caregiver class, impacting property management strategies. AB548 grants municipalities more rights to inspect commercial properties, increasing landlord obligations.
Senate Bill 267 (SB267) limits landlords' tenant screening abilities, a crucial shift to understand for your operations.
Our video also explores emerging trends like the right to counsel in eviction cases, increased jury demands, federal government involvement, rent control expansion, just-cause ordinances, anti-tenant harassment rules, backlogged courts, relocation fee hikes, and labor shortages, shaping a dynamic landscape for investors.
These changes aim to make property ownership more challenging, reflecting a broader trend of limiting private property rights. We encourage you to view our video and research these laws and trends in order to protect yourself and your properties.
Contact:
Mike Brennan
Brennan Law Firm
(626) 294-0500
mbrennanlaw.com
#multifamily #multifamilyinvestments #multifamilyinvestor #multifamilylaws #apartmentinvesting #apartmentinvestor
Love Michael Brennan hard to hear but real!!!
Listening through airpods. It's at mid and he's really loud. He is great indeed and I'm a tenant paralegal
This is fantastic. More and more onerous, indeed. Thank you for all this information so concise and well put. It seems landlords may have to be a public service and be grateful for the opportunity.
Tells the TRUTH!!!
30:21 yes you can, with the right approach. It may be significant on your part but it will only be as tough as you make it out to be
Thank you for all the information God bless you krist.
My pleasure. God Bless.
People need to wake up and start pushing back, vote for the legislatures to get something done for landlords.
It seems like a few things need clarification. Right to counsel in Los Angeles County. Unless you're as heartless a landlord as your tenant would have you believe, you would want them to have representation. How are landlords "paying" for these attorneys?
What I have seen is that these free lawyers are only servicing a small number of zip codes, so the majority of tenants that I know have to find their own attorneys out of pocket, on top of saving money to move out.
So on that point, I do take issue. Would the landlords attorneys prefer speaking to the tenants directly, where there is much confusion and fear, or speaking to their attorney, provided for them or otherwise. Strange conclusion.
I bought a 4plex recently. There is no lease agreement to all 4 units, I got only estoppel for all units showing one tenant name for each unit. Do I have right to vacate the other family members who are living in the unit and kepp only the one on the estoppel no matter how long their family is living there?
I got the same house and no lease for lowest rent 3 years ago. One of tenants treat us like a dog and paid rent. The prior landlord said they do big damage ever time they increase rent. So the rent has no increase for 15 years . The city no approve for renovation to eviction? Looks like they can pass any law since tenants are majority.
How about big company’s like irvine ?
26:26 …and look it all up with an open mind, not with your wallets, people 🙄
23:00 Gee you left out one other factor, slumlord greed! Wages are stagnant but of course that’s not stopping landlords from increasing rents all willy nilly and using “inflation” as a big cover up for that. And what about the people who are working but struggling, barely able to keep up thanks to landlord greed among other factors, who are then going to have their lives turned upside down…well that could be a whole different discussion there. But yeah talk about both sides there, guy. The landlords have too much advantage and power over other people simply trying to live and it’s high time the government stepped in and leveled the playing field a bit. Greed is a “deadly” sin which can bring about some serious consequences like this. Think about that for a while
How about rent big tenant raise their rent up every rent ?
1
Why shouldn’t people have a right to an attorney? Slumlords use attorneys all the time in eviction procedures. Giving tenants a right to attorney at least helps level the playing field a bit 18:38
Because we have to pay for our attorneys, and at least I don’t have that kind of money or does it even make sense since I’ll be spending all my earnings on attorneys. Tenants get attorneys for free that’s a huge difference.
@@horaciocastillo491 Being a landlord is a business. Having an attorney is a necessary part of being in that industry. I have a bakery, though very small, and I need an attorney to keep me up to date in business and wage and labor law changes. How is that any different from being a landlord?
You don't have to pay for your attorneys. You can do the UD yourself. I've helped hundreds, landlord and tenants with theirs.
Can you show me where tenants gets attorneys for free because while I know the program is new, they' only service a small numbers of zip codes in LA, and they're not taking any applications or requests.
@@michelleadams5609 a new law is on the ballot to pass that law across California where all tenants will have the right to free attorneys. If someone sues your bakery the person is not going to get a free attorney. That fact prevents people from sueing often because they have to spend their own money for attorneys. When attorneys are paid by the state of California to all tenants why wouldn’t you just sue your landlord and hold them up in litigation meanwhile you can stop paying the landlord and the landlord still has to pay the mortgage and all expenses. So the loss can be great. If your bakery got sued you can still continue to sell baked goods, us landlords would be forced to lose money
@@horaciocastillo491 But if it hasn't passed, then it's not law. Your comment stated that tenants are already getting free attorneys. I see what you mean now.
--Actually, I have insurance, so no lawsuits or damages could arise from eating a cookie. And if I am sued, I....have an attorney, so I'm not sure what you mean. In civil lawsuits, the Plaintiff has to bear their own attorney fees or get some guy on contingency who'll take 55% of the proceeds. It just doesn't happen.
There's a big difference between someone defending their rights and "suing their landlord".
Again, you're talking about something that hasn't happened as if it had. There are no free attorneys at present and even if there were, it's in defense.
"Why wouldn't you just sue your landlord, and hold them up in litigation meanwhile you can stop paying the landlord"...you're talking about two separate things.
A tenant suing their landlord--for what exactly? I know that filing for a BK can affect a UD, but I've never heard of a civil lawsuit stopping a UD. For one, how could a tenant all of a sudden afford an attorney to sue their landlord (rentainers are well over $15,000) and then not pay their rent or demonstrate to the court that they don't have the money to pay their rent. Attorneys who sue landlords are pretty rare. There's either eviction defense attorneys or eviction attorneys, like Mr. Brennan here.
The debts of the landlord are a separate issue. Growing up, we rented from a high school friend of my dad's in Santa Barbara. It cost $1,200 a month. She had only taxes to pay and had a maintenance man and 14 houses all paid off. She could afford to work with us when my father paid late and left us alone.
If it costs $5,500 in mortgage and costs to have a house in California, but the market rate is $3,000, the bank doesn't care if it is rented out or not, they want their $5,500. The biggest problem, if you saw the previous video is that landlords who are at heart not landlords but just people who bought high and are just trying to get someone to pay some part of their debt. That's a relationship doomed from that start.
The central point is that it would be good for tenants to have representation because we're talking about preserving the dignity of the business relationship. Good tenants fall on hard times, and landlords needs to follow the laws. I haven't seen a landlord yet who does and when you point it out, they're threatening to evict you.
@@michelleadams5609 ok so if someone is falling in bad times then you should give people free food at your bakery to. And it is happening in LA county.
Another handful of nails in California's coffin.