Maximize Income From Your Multifamily Property While Following All New Balcony Laws

Adding Accessory Dwelling Units (ADUs) to your property is now allowed by right. Learn how you can take advantage of the latest state laws allowing YOU to add density and rental units at your property. New laws passed in 2022 will further streamline the process of adding ADUs and new height limits have been established from 18-feet to 25-feet. We will also discuss your obligation to have balconies and other exterior elevated elements inspected.

“Kill Two Birds with One Stone”!  With ADU 1 and Retrofit 1, You Can Construct ADUs AND Complete Seismic Retrofitting at Same Time!

Accessory Dwelling Units or “ADUs” are a great way to increase rental income and improve your “N.O.I.”  If YOU are interested in learning about all the new California laws that encourage construction of ADUs, this is the webinar for you!

Today’s extreme regulations and rent control laws, and potential property tax increases already make owning and managing rental property challenging.  ADUs will help to improve your “bottom line.”  So, please join us to hear from ADU experts, David Tashroudian, Esq., and Helen Fowler, who will explain the many opportunities available to YOU today allowing for construction of ADU sat YOUR property.  Learn about the NEW California laws that allow YOU to add more rental units at your property at increased height limits, and how you can easily boost your income.

Also, learn how YOU can get YOUR FREE Land Use Analysis by attending this free webinar.  Discussion topics Include:

• Learn the requirements for balcony and deck inspections for all properties with 3+ units, seismic retrofitting requirements, and how to add units to a multifamily property to generate additional income.
• The new laws and regulations allowing Accessory Dwelling Units or “ADUs” to be constructed at multifamily buildings, including new allowable height limits, and streamlining of approvals.
• How to add value and rental income to YOUR property with accessory dwelling units (ADUs), while fulfilling all your property's inspection requirements under Senate Bills 326 and 721 - balcony and deck inspection laws.
• Do you also need to retrofit your building? Learn how YOU can satisfy earthquake seismic retrofitting ordinances while constructing an Accessory Dwelling Unit at the same time!
• Learn your income potential vs. anticipated project cost – understand YOUR return on investment.
• Learn how YOU can construct an ADU at your property to increase your multifamily rental income today, RIGHT NOW!
• How to convert garages, recreational, laundry and storage rooms into Accessory Dwelling Units that you can generate rental income for.
• Understand your “income potential” vs. “anticipated cost” – Know our R.O.I. potential.
• No parking? Learn how YOU can eliminate parking at YOUR building with no additional parking requirements so long as your property is located within one-half mile of mass-transit, and how YOU can add even more Accessory Dwelling Units.
• And much, much more – your questions submitted prior to and during the webinar will drive the discussion.

This informative webinar will also address any questions that are submitted by you! After registering, you will have the opportunity to submit questions. Live Q&A will also be available during the webinar, and we will do our best to consolidate and identify those questions that will benefit all attendees. This is another of many exclusive AAGLA webinars we are providing to help YOU during the COVID-19 (Coronavirus) crisis.

The discussion will be moderated by Matthew Farghum, AAGLA’s Director of Finance and Operations.  Please log in to register.  If you have any questions regarding this event, please contact Events Manager Diana Alcaraz via email at .  For faster service, please have your membership number ready.  We look forward to seeing you.  Please stay diligent and be healthy!

WARNING:  THE INFORMATION PROVIDED DURING THIS WEBINAR IS FOR GENERAL INFORMATION PURPOSES ONLY. ABSOLUTELY NO LEGAL OR TAX ADVICE IS BEING GIVEN DURING THIS WEBINAR.  BEAR IN MIND THAT EVERY SITUATION IS UNIQUE, AND THE LAWS, RULES AND REGULATIONS ARE SUBJECT TO CHANGE AT ANY TIME.  SO, BEFORE ACTING, BE SURE TO OBTAIN TAX AND/OR LEGAL ADVICE FROM A LICENSED PROFESSIONAL.

About Our . . .

Panelist(s):

David Tashroudian, President, Retrofit1 and ADU1

David Tashroudian is the President at Retrofit1 and ADU1 based in Tarzana, California.  He is both a general contractor and plumbing contractor.  He graduated from the University of California, Los Angeles with a bachelor’s degree in Economics in 2005. He received his J.D. from University of California, Hastings College of the Law where he served on the Board of the Hastings Entertainment Law Review.

Helen Fower, Director, ADU1 and Retrofit1

Helen Fower is a Director at ADU1 and Retrofit1, and oversees business development, marketing, sales, and manages the company’s Northern California division.

Moderator: 

Matthew Farghum, Director of Finance & Operations, AAGLA

Matthew Farghum is currently the Director of Finance and Operations for the Apartment Association of Greater Los Angeles (AAGLA).  As Certified Public Accountant, he began his career at Ernst & Young, the global accounting firm, and following that he had served in a senior financial role at Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills where he was involved with managing the budget and construction of the Waldorf.  In his role at the Apartment Association of Greater Los Angeles, he oversees and is in charge of all finance, tax, technology and administrative matters.

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