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TM
The voice of multi family housing since 1917©
February 2022 Vol.XLVIV No.02
MEMBER UPDATE
11 Board President’s Message 15 Executive Director’s Message
20 Calendar of Upcoming Events
22 Lawsuit Update: City of Los Angeles
30 Letters to the Editor
35 Member Profile: Bio SoCal - Alan L. Cohen
39 Tax Tips for Readying 2021’s Returns
55 Can Liquefaction Destroy Your Building?
FEATURED STORY
63
64 FHFA Price Increases for High-Balance and Second
Home Loans
70 These Dangerous Scams Plague Landlord and YOU Need to Avoid Them
73 L.A. County Assessor’s Office Annual Report: $17 Billion in Property Tax Revenue
FEATURED STORY
84 2022: Major Storm Warnings for L.A.’s Financial Forecast!
92 Finding Hidden Value in an Investment Property 95 Get Into Shape: How Multifamily Fitness Facilities
Attract and Retain Renters
96 Some Final Thoughts on Closing Out the Year 2021...
LEGAL
67 The Balcony Safety Inspection Bill: Avoiding Owner Liability
87 Should We Blame the District Attorney for the Spike in Crime?
LOCAL AND STATE UPDATE
41 Local Advocacy Update 51 The Sacramento Update
PROPERTY MANAGEMENT
64 “El Nino”... Will It Ever Come?
75 What Is Rental Property Insurance?
91 How to Save Money on Utilities Despite Inflation Using Ratio Utility Billing Systems (R.U.B.S)
Inflation is a Tax on Us All!
4 FEBRUARY 2022 • WWW.AAGLA.ORG
Why the Conventional Wisdom on Rent Control Isn’t All That Wise
80
What Does Economic Evidence Tell Us About the Effects of Rent Control?
56