August 26, 2011 | Blog
| Mark Alpert
It is hard to say what is more surprising, that the Yucaipa Rent Review Commission approved a large rent increase for Yucaipa Village – a total increase of about $93.00 per month – or that the residents did not appeal. The residents of Yucaipa Village were represented by YMRA (the Yucaipa Village Mobilehome Residents Association), which has been led for years by Len Tyler. Len Tyler actually lives in Yucaipa Village, which makes it even more surprising YMRA did not appeal. Then again, Mr. Tyler was keenly aware of the results of prior appeals he has pursued on behalf of other parks. The appeals were denied or, if approved, reversed by the Courts, ultimately resulting in a larger rent increase to compensate the park owners for the cost of the appeal.
YMRA once again hired an attorney and accounting expert to represent the residents at the hearing, no doubt at substantial expense. It was to no avail. In fact, we convinced the Rent Review Commission to make rulings excluding from any consideration much of their expert’s opinions, as well as Mr. Tyler’s “expert” testimony. Some of the residents of Yucaipa may be wondering whether the contribution to YMRA is serving them well. In difficult economic times, it may be that the citizens of Yucaipa will start to wonder whether rent control serves them well.
The increase of $93.00 for 82 spaces translates to an increased annual net operating income for the Park of about $91,500, which equates to over 1.3 million added park value, assuming a 7 percent capitalization. Not a bad cost-benefit decision particularly since the park owner was allowed to recover the costs of the application. Yucaipa Village was represented throughout the hearing process by Mark Alpert of Hart, King & Coldren.
August 24, 2011 | News and Events
The Annual Western Foodservice & Hospitality Expo in San Diego is quickly approaching on August 28-30, 2011!
Whether you are a new, small or multi-unit restaurant owner, you will not want to miss this invaluable complimentary legal advice! Come join HK&C attorney Andrew Kienle as he presents “Seven Key Legal Ingredients to Succeed as a Restaurant Owner” on Monday, August 29, 2011 from 11:30 a.m. to 12:30 p.m. at the San Diego Convention Center.
August 10, 2011 | Blog
Hart, King & Coldren is proud to announce they have created a new group on LinkedIn called “California Mobile Home Park Industry Members.” Our group is committed to furthering beneficial discussions for California mobile home park owners, managers and industry members with relevant information regarding legal issues, new laws, rent control, residency documents, subdivisions, failure to maintain and other issues facing the industry.
If you are a current LinkedIn member, please join us and discuss hot topics with fellow industry members.
August 8, 2011 | News and Events
MHI Annual Meeting – Las Vegas, NV
October 2-4, 2011
Hart, King & Coldren is proud to be a Silver Sponsor of the Manufactured Housing Institute’s (MHI) Annual Meeting to be held October 2-4, 2011 in Phoenix, Arizona at the Pointe Hilton Tapatio Resort.
The MHI Annual meeting is the largest member meeting of the year of all sectors of the manufactured housing industry, providing excellent networking opportunities and sharing of ideas. This year’s highlights will include discussions of topics of utmost importance to the industry, and will feature educational panels and informative general session speakers including Rob Coldren who will be presenting an update on the Guggenheim case and its impact on the industry.
For more information on attending MHI’s Annual Meeting please visit: