Most incredible thing I've ever heard. Just mind-boggling.

Someone on here just posted they've been out of work since the pandemic started. I don't know where they live, but that's mind-boggling to me too. There are SO MANY jobs going unfilled and not just labor jobs, but GOOD jobs.

Robert,

Just wow! Inconceivable.

Scary the Gov wants to be Pres and "help" the entire country.

I don't picture any announcement ever that the pandemic is "over".

What are you doing to protect your biz from this?

Robert J. [Ca]

With everything we have heard,

from your posts, (long, frequent and bizarre)

why would anyone, under any circumstance,

be a Landlord in California ?

Please give the class, an honest answer.

How many of your rentals have you NOT collected rent on

and for how long, Covid related ?

The class is waiting for your prompt / honest reply.

I got into real estate as an investment when I turned 18 years old (1978). I was making a good income as a wholesale Jeweler and at that time real estate could be depreciated over 15 years, instead of 29 years.

With all of my family in this area, children in school, etc., things went well until around 1990. So my first 12 years went by like a breeze. Then from 1990 to 1997, the City and County had to dream up ways to generate extra income or job and perks would be lost to government employee's. This includes the City Consul, mayor's office and all departments.

From that point one, things went into the trash. Instead of big government helping landlords they did the opposite, caused problems.

I see why so many people are leaving CA and moving to TN and other states.

I guess for a while, you were thinking that things would get batter, but it has now been decades and things are just worse.

In other news, California land lords continue to allow the Govt to walk all over them.

"What you demand, you get. What you tolerate, you encourage." - John T. Reed

[[[[[[.......... "What you demand, you get. What you tolerate, you encourage." - John T. Reed......]]]]]]

Democracy is all well and fine until you are the minority and the majority imposes their unwanted will upon you. The voters of LA and California are happy with what they are getting and landlords are in the minority, so it doesn't matter how they vote.

This is pretty ridiculous. I mean, even if you want to support the idea (not saying I do, but just for the sake of argument)... The law is written so poorly! They have built in income limits for this. Like, if you make over $81,000 per year for a 3-person family, then you CAN be evicted. (It's $63k for a single person, for those interested.) But the kicker is that they are allow to SELF CERTIFY their income -- and the LL is not allowed to ask for any proof!

What the heck? Poorly written laws -- for ANYTHING -- often bother me more than the issue itself. If you're going to have clauses to allow you evict people making good money, then make those clauses have teeth that bite! Don't let people making $100k/year go "Yeah, sorry, I actually only make $30k per year and you can't ask me for any proof." Sheesh.

The City of Los Angeles is one of the largest owners/landlord. They operate using many LLC's. At last count the City's Housing Department has a $750,000,000 war chest to buy up rentals from landlords they intimidate and cause to fail/go out of business.

They are exempt from all rules, regulations, codes and safety procedures. The City had 10 people they employed full time just to replace kitchen flooring. The city did not teach them the proper procedures on removing old square linoleum tiles before installing a new floor. The City did not provide tools. A majority of the original first layer of flooring had Asbestos. When I saw an old man working for the city removing tiles with Asbestos, he did not have a Mask, HEPA Vacuum (or any vacuum) and used a broom and dust collector.

Out of the 10 flooring employee's 8 of them died early of a lung issues. They City used their 200 plus liability attorneys to fight a payout, even just to cover medical expenses.

Oh my, what insanity! I am so sorry, Robert J! I thought that the majority of your rentals were outside of LA such as Temecula, North Hollywood, and in the Valley?

Salernitana: If you mean me, well, yes, I'm around these days. Have been for a month or two now, I guess.

Another that I tended to "bump heads" with appears to have taken a break for a while. So it made it easy for me to come back around. :)

Good to be here!

Now that I look, looks like I came back in April! Time flies!

:)

Living in CA, I am also well aware of the situation and the issues. But I am also (perhaps uniquely on this site) aware of the broader picture and the problems that need to be solved.

Robert J's post starts out by merely complaining about Los Angeles' extension of eviction rules because of COVID reasons. But the thread extends beyond that to diatribes against CA, misunderstandings about the law and anti-government screeds.

First, keep in mind that there is really a problem out there, that government needs to solve. Government cannot have huge amounts of residents thrown out of their homes without any place to go. Thats a formula for revolution, with roots much deeper than January 6. So government HAS TO DO SOMETHING evnn if the something isn't the best thing.

Second, keep in mind that nearly all of those tenants who may be defaulting on the rent are tenant-screening failures, including the decisions to invest in low-cost rental real estate.

Robert J doesn't answer about " How many of your rentals have you NOT collected rent on and for how long,". I have heard that it was about 14% nationwide, at the height of the pandemic.

And finally, what do you think the law says? For all of you who think you know all about doing evictions, take another think. Its still possible to do an eviction in Los Angeles. If you don't have a GOOD attorney, one who can think out-of-the-box, well you are doomed to lose your rent money. If you think that you know how to do evictions and thus don't have to look for new ideas, well, you're getting what you paid for.

RB says " why would anyone, under any circumstance, be a Landlord in California ?"

The answer is, for one reason, beyond the weather, the lifestyle and the fun of living in CA, because landlords have MADE MONEY in CA, lots of it. I checked by ads recently and saw that my rents, overall, have gone up 82% since 2016. Landlords have made ENORMOUS profits in these 6 years with more to come. I rented out one apartment for September this last weekend to the first person that saw it, with one day of advertising, and 7 more applicants who expressed interest in another apartment that I MAY have available in October. I haven't even asked the October residents yet if the would like to stay. All are university graduates with clean credit records, good jobs and fine, professional personalities. I have never seen such vacancies.

So before you get so excited. one needs to look at the overall picture. Things have never been so good for landlords. The new rules are, to be sure, a pain in the butt, but we adapt and carry on, and life is good.

agree

in southern ca,

covid based ''no pays'' are LL reaching down to the bottom of the barrel for warm bodies and not holding the line on proper screening

c,d and below properties,... that's the market you're in.

you're stuck

a and b properties, you apply the income formulas and its very tough to find 1 or 2 person households making that kind of money who are renting and not buying.

but the tenants are out there. there's a tremendious amount of money in southern ca.

a lot of it is spent on short term, low mileage, sub prime car leases, flashy lifestyles and flashy home rentals.

blended households of 3 to 6 are a management nightmare

The famous eviction Attorney Dennis Block, having evicted over 200,000 tenants since 1976, offers this advice.

If you own rentals under in Los Angles that are under rent control, Rent Stabilization, it's time to sell and move out of the City. Us landlords had the moratorium extended to August 2024.

Robert J,

Funny, when I heard Dennis speak at the September landlord convention, he indicated some approaches to the problem.

The law is constantly evolving and so are judges. New ideas are constantly needed and some are successful.