While no property owner likes to see monthly expenses on their monthly accounting, they are unfortunately a part of owning investment property. While they may be frustrating, you may not see behind the scenes of how Lingsch Realty works hard to mitigate these expenses. Here is how: While owing investment property can be costly and… Read More
Three Proposed Laws Landlords Need to Write Their Legislators About
On the heels of last year’s successful defeat of a series of tenant-friendly laws, Democratic Assemblymen David Chiu of San Francisco, Richard Bloom of Santa Monica and Rob Bonta of Alameda have introduced legislation proposing new tenant protections. The following laws, which aim to make it harder to evict tenants and extend timelines before evictions… Read More
California Apartment Association Working to Passthrough Legislation to Support Landlords
The California Apartment Association is working with the California State Legislature to passthrough legislation that would benefit landlords. Several pro-housing bills made progress this week by making their way out of their respective committees. Legislation affecting density, including the legalization of in-law units, is included in the legislation, which would make it easier for property owners… Read More
Understanding “Rent Ordinance 2.0”
On September 9, 2015, the San Francisco Board of Supervisors passed amendments to the Rent Ordinance expanding tenant rights even further. Supervisor Jane Kim’s legislation, which further expanded tenant rights is now known as Rent Ordinance 2.0. If you thought being a landlord under the original version was difficult, 2.0 has more obstacles to navigate…. Read More
San Francisco 2015 Ballot Issues that Affect Landlords
The November 3 ballot is teeming with issues with outcomes that will affect property owners. While several of the propositions seem worthy of your vote on the surface, digging a little deeper reveals that the result of their passage may not have the intended effects. See how Lingsch Realty voted below. Prop A: Affordable Housing… Read More
Preparing for El Nino
El Nino is a weather pattern produced by unusually warm ocean temperatures in the Equatorial Pacific. The El Nino phenomenon is associated with extreme weather around the globe. In California, it typically means a wet winter with higher than normal rain levels. An El Nino is predicted for this winter continuing into 2016. In order… Read More
Happy New Year! What to Expect in 2015
A new year brings new hope for us as landlords and unfortunately new determination for tenants’ unions to pass more tenant-friendly legislation. Landlords were successful in 2014 in knocking down some landmark legislation and court rulings aimed at making owning properties more difficult and costly, including SB 1439 (Leno) and Levin vs. San Francisco. 2015 vows to… Read More