News & Publications

The City of Los Angeles's Planning Department is proposing an expansion to the City's innovative adaptive reuse policies. Specifically, the City is proposing to amend Sections 12.03, 12.22 A.26, 12.24 X and 16.05 of the Los Angeles Municipal Code (LAMC) and Adaptive Reuse Incentive Areas Specific Plan (Ordinance No. 175,038) in an attempt to reshape the Los Angeles cityscape from 2023 to 2025 by converting vacant commercial spaces into dwelling units, guest rooms or joint [...]

Many property owners aren't aware of the potential risks associated with the booming short-term rental industry. First things first for financial advisors with clients who are renting out their second homes: Make sure they get paid for the entire season upfront, not month-to-month. Americans are getting out of town in droves this summer, with 64% planning to rent vacation properties. Unfortunately, many first-time rental property owners aren't aware of the potential risks associated with the [...]

One important lease provision that any tenant should be aware of is the provision that sets forth various types of "additional rent" the tenant will be responsible for. It goes without saying that tenant's additional rent payments are important to understand because these types of cash outflows can inherently affect your bottom line. There are a variety of different landlord methods for charging these various costs. Take property taxes for example; some landlords require tenants [...]