The Los Angeles Rental Owners Collaborative (LROC) is a new philanthropic program backed by the Chan Zuckerberg Initiative (Facebook founder Mark Zuckerberg & his wife Priscilla Chan) that aims to provide local rental owners in South Los Angeles with:

  • Rental relief grants to off-set rental income loss

  • Financial consulting and coaching

  • Connections to local, state, and federal relief programs

  • Access to resources that can help add value and/or reduce costs and increase profitability over time, so you can maintain your assets for years to come.

(source: info.avail.co)


By providing a direct cash flow of $5 million to South LA Landlords impacted by the COVID-19 pandemic, the initiative aims to ensure that wealth is built within the community, properties remain locally owned, and affordability to locals.


Do I Qualify?

First, you must have a tenant who is behind on rent. Own 2-20 units, and have at least one property within South LA (the boundaries are Washington Blvd to the north, Slauson Ave to the south, the 110 Freeway to the west, and Alameda St to the east).


South LA Map
Google Map of South LA Boundaries

TO APPLY visit: https://info.avail.co/info/local-rental-owners-collaborative

Updated: Mar 10

Have you thought about listing your property on Airbnb? Before you list there are few considerations to keep in mind. The short video below may help landlords like you decide whether to list or not.

RESOURCES


City of LA Transit Occupancy Tax Reporting Form


Home Sharing Registration Forms


What is the Home-Sharing Program?


Home-Sharing Policies


Airbnb's website also offers resources and policy updates for hosts regarding the latest COVID-19 response.

Updated: Mar 10

1031 Exchange gets its name from Section 1031 of the U.S. Internal Revenue Code. This section allows you to avoid paying capital gains taxes from the sale of a property when you reinvest the proceeds from the sale with a property of "like-kind", equal, or greater value.


The property involved in the exchange must be held either for productive use in a trade or business or for investment.


A 1031 exchange is perfect for owners who:

  • Want management relief

  • Want tax deferrals

  • Want to expand their portfolio

  • Want to increase cash flow for reinvestment

  • Are not in a position to make significant building modifications


Take a look at the infographic below to familiarize yourself with the 1031 Exchange process.

For more information visit: The IRS Website I Final Regulations On Like-Kind Exchanges