Due to the continual expansion of state regulations, the constant threat of draconian fines and the transfer of ownership rights to tenants, the ownership and management of residential real estate in California has become a liability that is hard to justify. In fact, I can’t. Therefore, in the sweet-sung words of Louis Armstrong and Bing Crosby; Gone Fishin’
A law threatening to fine or jail a waiter for giving a plastic straw was quite literally my last straw (the writing has been on the wall for a number of years.) When I was a boy restaurants had wax coated paper straws – no plastic at all. Couldn’t our dear legislator think broadly enough to consider mandating eco-friendly straws instead of threatening someone? It’s even worse than governor Brown signing a bill mandating the monitoring (and ultimately control no doubt) of cow farts. It’s amazing how people working in public service, with great job security, pensions and benefits seem to have no problem threatening other people.
It would be very easy to go on and on in detail about specific regulations destroying rental housing. The example of a law threatening to fine or imprison waiters for straws is simple enough to convey the extreme challenge confronting every business operating in the once great state of California. The residential rental industry is confronted with burdensome regulation and draconian fines that destroy any incentive to provide services or pay taxes to state and local governments for the privilege of doing business here.
East Bay Rental Management, Inc. (EBRM) was a small company dedicated to providing quality service to investors and tenants.
History has shown, contrary to claims otherwise, that socialism creates housing shortages, followed by substandard-housing (slums.) The heavy hand of government denies individuals the free choice of entering agreements and imposes burdens that ultimately must be seen as both onerous and contrary to anyone’s interests.
It has been a privilege to serve clients and tenants.