Posted on 09/26/2023 2:32:28 PM PDT by where's_the_Outrage?
Over 90% of Los Angeles tenants were given three days to get out of their homes, but the city is offering more help
Tenants in the Hollywood neighborhood were handed the most eviction notices in Los Angeles after protections introduced during the COVID-19 pandemic lapsed earlier this year.
Those living in the 90028 ZIP code received 3,585 — the most for any L.A. neighborhood — out of nearly 50,000 notices accounted for, according to new data released by L.A.'s City Controller, Kenneth Mejia on Monday.
In August alone, 5,575 notices were filed across the city.
Other top neighborhoods affected by evictions since pandemic-era protections lapsed in April included Fairfax, Westlake and the Jewelry District in Downtown L.A.
The main reason behind the evictions is non-payment of rent — a total of nearly $186.5 million went unpaid this year. The majority owed landlords at least $2,000.......
Landlords will get up to six months of unpaid rent, with a chance to also apply for assistance from the city.
(Excerpt) Read more at themessenger.com ...
I suspect most rents in LA exceed $2K a month.
And I also suspect that landlords continue to be on the hook for unpaid property taxes regardless if tenant's rents remain uncollected.
Who’s gonna force them out?
Yes, landlords still have to pay property taxes, insurance, maintenance expenses, whether tor not they have actually collected the rent.
I don’t know the taxes laws,, as to whether landlords can write off uncollected rent, as something like a bad debt expense.
Basically you can’t evict anyone here in LA..the renters have all the rights and the landlords have nothing. You can spend thousands of dollars trying to get rid of them but you cant and you end up spending more than its worth
this will be bad, as if it wasn’t already bad losing years of rent
Good. Put deadbeats on the street.
Oh, bullshit. That sentence is so broken I can't even decode from urinalist to human.
And I also suspect that landlords continue to be on the hook for unpaid property taxes regardless if tenant’s rents remain uncollected.
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You shouldn’t feel sorry for them, many of them were paid by the government during covid hysteria and now they can go after tenants for back rent.
In the article, the City of Los Angeles is bailing out both landlord & tenants, which is a ridiculous use of taxpayer money. Here’s the quote from the article:
“Landlords will get up to six months of unpaid rent, with a chance to also apply for assistance from the city.”
The reason the landlords need a bailout is because they owe a big fat bank note to a financial institution, a bank note they can’t pay without reliable tenants.
The landlords need to form a coalition and not pay property taxes until they clean up the shit in the streets and get rid of the parasites occupying THEIR properties.
They’ll end up at upscale hotels.
Everyone will in effect switch apartments. Unless the landlord refuse to accept tenants who have a history of not paying what they owe.
Basically you can’t evict anyone here in LA..the renters have all the rights and the landlords have nothing. You can spend thousands of dollars trying to get rid of them but you cant and you end up spending more than its worth
***********
It’s the same in Oregon, which is why I’ll avoid becoming a landlord in the near future.
Laws have to be changed before that’ll happen.
“I don’t know the taxes laws,, as to whether landlords can write off uncollected rent, as something like a bad debt expense.”
Doesn’t work like that.
If you are a landlord and you have an apt for rent for $1K a month and you rent it for 12 months, that year you have $12K gross revenue, against which your expenses are “written off” (dislike that term, though it’s not wrong) “deducted” or “subtracted”.
If you only rented it 8 months, then those same expenses are deducted from $8K.
You get utterly no advantage, tax or otherwise, from an unrented apartment. It’s no different than you or I buying the food we eat and our power, eg; all our normal expenses, but only got paid for 3 weeks of work vs 4 in a given month.
My Mom owns a building(She inherited the building after my grandmother died) she is co owners with my aunt..) its terrible here..ya know how many times a tenant has given my Mom a bounced check, too many to count..can’t do a damn thing about it other than making them pay the penalty fee and write another check..or paying their check a week late, again, evicting them ends up costing thousands of dollars and the tenant ends up winning anyway
I know someone who lived in his Apt for 3 years without making a payment.
It didn’t end well.
The landlords need to form a coalition and not pay property taxes ....
That will not work. The government holds the power. You don’t pay taxes they seize the property.
A better solution is to support any candidate that runs against those in office. Right now California is a one party state and until that changes nothing will change.
90028 zip code. Hollywood walk of fame.
If I was a landlord I’d keep the places empty for a year.
Over 90% of all tenants in Los Angeles? I don't think so.
Another poorly written piece of modern "journalism."
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