Beginning in mid-March and up until this very day, our Governor, Mayors of various cities, individual City Municipalities, and not to mention, the Judicial Council, continue to change the rules on rent collection and tenant evictions. Currently, there is a NO EVICTION POLICY which prohibits tenant evictions for any reason starting 90 Days AFTER the Governor determines to end the current State of Emergency Order for the state. Trouble is, the order has no expiration date!
Additionally, there is currently proposed legislation that would give all tenants in California up to 15 months to pay back due rent, and other proposed legislation that would order commercial property owners to forgive early termination of leases. The madness just does not stop!
In Today’s Video, I interview Mike Brennan, Real Estate Attorney & Eviction Specialist, to help us make sense of all the various changes that have taken place in the last 3 months, and to give landlords insight how to navigate these uncharted waters.
Today we discuss:
Let’s face it, in light of recent events life has changed as a Landlord. The days are gone of even-handed laws protecting both tenants and Landlords. Landlords essentially are playing defense and are under attack from lawmakers.
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!