The long awaited Eviction Moratorium that was put in place in March of this year has expired, and with many other individual moratoriums expiring simultaneously, what do landlords do next? Unfortunately California lawmakers have passed a new law which makes it so that you may not see any back due rent until February 1, 2021…and your tenants may only pay 25% of the rent due from now until next year.
Watch Now As I Interview Eviction Specialist, MIke Brennan
The state of California has just passed AB 3088 also known as The Tenant Relief Act of 2020. As if legislation in recent months has not been confusing enough, this new law only adds to that confusion.
• The courts will now begin processing evictions for some tenants, but not others
• Landlords can now ask for proof of economic hardship from tenants, but that comes with a pre-qualifier that they be deemed a “high income tenant”
• And the real kicker…tenants can pay as little as 25% of their rent due for the coming months.
Today we begin our Video Series with Mike Brennan, of the Brennan Law Firm. Mike has been an eviction attorney for over a decade and brings his courtroom experience to the table as he and I unpack this new law. Over the coming days we will break down everything you need to know when it comes to dealing with tenants who have not paid rent, and how to increase your odds that you win in eviction court.
Let’s face it, in light of recent events life has changed as a Landlord.
Bottom Line – As Landlords, we need to know how to deal with the crisis at hand, design a game plan to mitigate our losses, and prepare for the opportunities that exist in the days ahead!