NorCal REIA

https://www.facebook.com/1342329592/posts/10223292702329471/

Investor Town Hall Meeting, how several areas across the state are dealing with the pandemic (recorded) Many friends helped The Norris Group create this Real Estate Investor Town Hall. The session takes a look at financial/tax updates, retirement account updates, legislative/regulation updates for California, as well as insight into how several areas across the state are dealing with the pandemic. https://youtu.be/7RzytOiRGEM... EPISODE HIGHLIGHTS: What are the latest unemployment numbers? What are the latest tax law changes, and where can those who don’t file go to get their information? What programs are available under a self-directed IRA? Could this lead to more propositions under Prop 13? What’s happening in the Northern California and LA County markets? What does GDP look like, and how much could we see it decline? If your Airbnb properties are out of state, which state would you request to file for relief?

I hope you were available to listen to the Town Hall meeting with The Norris Group I participated in, on April 13th. If not it goes live tomorrow at www.thenorrisgroup.com. We are building a new format for our NorCalREIA meetings while maintaining the integrity we created for the past 16 years. Hold on, you were asking for another opportunity in the Real Estate market. It is just starting and this also provides a format to step up and give back to the community.... Stop the madnessThere is a bill that seeks to force landlords to reduce rents by 25% throughout the state for some tenants by Phil Tin (San Francisco). It does not align with the various moving parts in the Governor's office as well as the recent CA Judiciary Council's mandate of moratoriums. California Apartment Association has done a great job putting all the information is one place. They make it very easy for landlords to be heard. Please see the link below. A bill in response to COVID-19 would force every rental property owner in California to reduce rents by 25%. The bill, AB 828 by Assemblyman Phil Ting, D-San Francisco, also would force landlords to subsidize the rents of their tenants. Ting’s proposal ignores the robust rent and eviction controls already in place across California. It provides no assurances that landlords can collect rent, remove problem tenants, or get a fair hearing in the court system. Read CAA’s letter opposing AB 828 here. Landlords can help CAA fight this bill by sending a letter to their legislator, urging them oppose AB 828. Visit CAA’s Action Center to get started. AB 828 denies equal justice to housing providers by: Forcing landlords to reduce rents by 25% even if a tenant cannot show a COVID-19 hardship or need. Allowing the courts to set rents and change rental agreements already in place. Assuming every tenant is facing a COVID-19 hardship and must be compensated for it. Protecting nuisance tenants. The bill does not require tenants to answer an unlawful detainer complaint. Mandating that rental property owners demonstrate an economic hardship to collect the contracted rent. This unfair bill would allow the government and courts to give reduced rent and extended tenancies to all renters, even those not facing economic hardships. At the same time, it provides no safeguards for landlords. CAA asks owners to contact their state legislator and ask him or her to vote no on AB 828 legislation that cuts rents 25%. Click the button below to start. Keep your family safe and start your NEW real estate business plan, TODAY! David G I may not make a dent in our homeless problem I WILL make a difference in someone’s life David Granzella ~ 2020