Deadline Approaching for Los Angeles County Landlords to Apply for Rent Relief

Mom-and-pop landlords in Los Angeles County are facing a critical deadline as the window to apply for rent relief is rapidly closing. The county's Department of Consumer and Business Affairs has allocated $68.6 million in funding to assist qualifying landlords in offsetting the impacts of the pandemic and tenants who have been unable to pay rent.

The Rent Relief Program, launched in mid-December, offers grants of up to $30,000 per unit to eligible landlords for expenses incurred since April 1, 2022. The primary focus of this initiative is to provide support to small landlords who own up to four rental units. The overarching goal is to minimize tenant evictions, maintain…

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In 2023, mortgage rates were high and housing inventory was low, so you probably deferred your plans to buy or sell a home believing it wasn't the right time to make a change. In 2024, the market forecast looks brighter, so let's work together to make a plan to turn your real estate dreams into a reality.

Whether you want to stop renting once and for all, downsize post-retirement, or venture into property investment, we're available to provide hyper-local expertise and advise you on making actionable decisions that are right for you and your family. 

Let's hit the ground running this January–email us or give us a call at (323) 412-9060 so we can chat about your real estate aspirations for 2024.

Here's to a healthy and prosperous new year!

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This hillside retreat by Rubin Studio in the Los Feliz Oaks is one of the most impressive homes in the area. See it for yourself this Sunday, November 12th from 1 PM - 4 PM. For more pictures and information, check out the full listing here. 

Key Details:

5698 Holly Oak Dr, 90068
$4,495,000
5 Bed | 4 Ba | 3,986 sq ft

  • Exterior Cedar wood siding and a soaring atrium welcome you into this impressive home with endless city views.
  • Kitchen features Belgian reproduction terracotta clay floor tile from Cle tile, custom white oak cabinets, honed Quartzite Nero stone countertops, backsplash and sinks, and Gaggenau and Wolf appliances.
  • Primary suite has dual closets outfitted with custom white oak cabinetry and shelving, spa-like bathroom with…

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Time's Almost Up! Apply for the ULA Emergency Renters Assistance Program

The City of Los Angeles is taking a step towards alleviating the housing crisis caused by the COVID-19 pandemic. With the United to House Los Angeles (ULA) Emergency Renters Assistance Program (ERAP), landlords who own 12 or fewer units now have the opportunity to apply for financial support. 

Program Overview

The ULA ERAP is aimed at assisting low-income residential renters in Los Angeles who are at risk of homelessness due to unpaid rent resulting from COVID-19 or other financial hardships. The program provides up to six months of rental arrears to eligible tenants. Landlords who own 12 or fewer units and have rental properties within the city are…

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On Monday, October 16th, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy allowing lenders to consider income from Accessory Dwelling Units (ADUs) when underwriting a mortgage. For all the details you can check out this blog, or if you're looking to buy a home and want to discuss whether this policy could help you qualify for a mortgage, email us or give us a call at (323) 412-9060!

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In 2020, the real estate industry thrived despite pandemic lockdowns thanks to historically low mortgage interest rates. Three years later, the pendulum has swung in the other direction.

According to the Orange County Register, home sales in Southern California have plummeted by nearly half in the last two years, primarily due to mortgage rates soaring above 7 percent. With prices on the rise and fewer homes available, realtors are facing a significant downturn in their business. Real Data Strategies reveals that the average real estate agent has experienced a decrease in business between 19 to 29 percent in the last year, and over 5,100 agents reported not making a single sale in the last 12 months.

They’re not the only ones feeling the…

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Construction is set to begin on Franklin Avenue Elementary School’s “Classroom Replacement Project” by the end of the year after first gaining approval from the Board of Education in November of 2017. The Los Angeles United School District promises that significant improvements to the school will be made, though parents are worried that it will also cause major disruptions for students. 

Last week, school officials held a Zoom meeting to discuss project logistics and take questions, the details of which are summarized below. 

PROJECT SCOPE

The Classroom Replacement Project is a substantial endeavor that includes:

  • New Classroom Building: A modern classroom building with 13 classrooms, support spaces, and underground parking,…

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California Moves Toward Streamlined Real Estate Closings with Remote Online Notarization (RON)

California lawmakers have recently given their stamp of approval to remote online notarization (RON). This development puts us on a path toward joining 44 other states that have already embraced this process which can allow for speedier real estate closings. Pending the expected signature from Governor Gavin Newsom, the bill, known as SB 696, is poised to reshape the real estate landscape in the nation's most populous state.

A Unanimous Decision

SB 696 received unanimous support, passing with a 39-0 Senate vote and a resounding 78-0 approval by the Assembly on September 7. This overwhelming consensus underscores the critical need for modernizing…

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