We have received a lot questions about how COVID-19 has affected the real estate market, and there is no question that LOS ANGELES IS NOW A BUYER’S MARKET! Take a minute and listen to Brad and Ryan’s thoughts on the current real estate market…and try not to be distracted by their facial hair.
Occasionally a property comes up for sale that is 10-15% BELOW market price. You think to yourself: is this too good to be true?! Unfortunately, the answer is probably YES. There has been a rise in the use of the home ownership model called Tenancy In Common, or TIC, in LA. Here’s why Josh Stein-Sapir has a problem with them.
Statewide rent control has arrived with the Tenant Protection Act of 2019 (AB 1482).
IMPORTANT UPDATE for landlords/property owners of rental units covered by the Rent Stabilization Ordinance (RSO): Effective July 1, 2019, the calculated annual increase percentage has INCREASED from 3% to 4% through June 30, 2020 – the highest level in a decade!