Glaser Property Management
Newsletter
September 2020
Dear Friends and Family,
As we get closer to Election Day, AB-3088 brings some clarity to small landlords and renters. Multi-family developers and landlords are forced to offer extremely generous concessions to lease up their properties. The NFL’s largest and newest stadium opens without any fans. All while our governor signs a 15-bill package of real estate related measures.
AB-3088 Brings Some Certainty to Investors During the Pandemic
https://www.globest.com/2020/09/24/ab3088-brings-some-certainty-to-investors-during-the-pandemic/
Known as the Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020, the new law provides certainty to renters and some protection for small landlords. It extends the eviction moratorium through January and requires that tenants show evidence of lost income due to COVID-19 in exchange for non-payment.
Multi-Family Developers Offer Generous Concessions to Fill New Buildings
A robust pipeline of new apartments planned prior to the COVID-19 pandemic has continued to deliver projects throughout 2020. To attract tenants to properties at a time when Americans are facing economic uncertainty, owners are now offering generous concessions, including months of free rent.
Most Expensive Stadium Ever Built Debuts in LA Without Fans
The site now becomes the NFL’s largest stadium. At 3.1M SF, SoFi Stadium will hold about 70,000 fans with the capacity to host up to 100,000 for special events, including Super Bowl LVI in 2022, the College National Championship in 2023 and the opening and closing ceremonies of the 2028 Olympics.
Newsom Signs into Law Slate of Tenant Protection and Housing Measures
https://therealdeal.com/la/2020/09/29/newsom-signs-into-law-slate-of-tenant-protection-and-
Governor Gavin Newsom signed into law a package of real estate-related measures aimed at boosting housing development and protecting tenants. Among the 15-bill package is one aimed at boosting moderate-income, medium-density housing development.
Interested in a FREE Property Operations Analysis? At Glaser Property Management we thoroughly review your lease agreements, management agreement and Profit & Loss statement to find ways to reduce expenses and add value to your property’s Net Income.
Are you an Agent/Broker with a client looking for a property manager? We DO NOT COMPETE with brokers when it comes to sales and we will keep the relationship strong for you. Additionally, we provide generous and ongoing referral fees.
As always, please respond with your questions, comments and thoughts. Until next time, hope you have a great rest of your day!
