BY KRISTINE LAZAR, CBSLA STAFF OCTOBER 6, 2022 / 4:47 PM / CBS LOS ANGELES Lining the sidewalk off of Exposition Boulevard is a row of triplexes, most of which are owned by mom-and-pop landlords. “I moved into the area in ’83,” said Linda Samm. Fifteen years later, Samm decided to become a landlord, purchasing one …
Many mom-and-pop landlords owed tens of thousands in back rent Read More »
A coalition of philanthropic and nonprofit partners are piloting a new initiative in select neighborhoods in Los Angeles that is intended to stabilize small landlords whose tenants have been disproportionately impacted by the coronavirus pandemic. Over the long term, program partners seek to support wealth-building for participating landlords, particularly those who are black, indigenous, and …
Los Angeles Based Pilot Stabilizes Small Landlords in Vulnerable Neighborhoods Read More »
The federal eviction moratorium has been extended once more until the end of July, giving tenants more time to get back on their feet and giving states more time to distribute emergency rental assistance. Though this is welcome news for struggling tenants, eviction moratoriums are not without negative consequences.
Tech wealth is coming to South Los Angeles — but not in the way some other neighborhoods in the city have become accustomed to.
Governor Gavin Newsom doesn’t want it to happen. Neither do powerful leaders in the state Legislature. Tenant groups desperately want to prevent it, and landlord associations say they also want to avoid it so long as they don’t bear an unfair portion of the cost. Seemingly all of the important actors trying to find a …
The tough questions pushing California to an eviction cliff Read More »
Thirty-four percent of landlords of two-to-four-unit buildings are older than 65 and are mostly retired and unlikely to have another source of income.
Landlords are facing increased vacancies and decreased rent collections