Claim Your Free Money

Video Index (with direct links)
1:09 Nail salons, massage studios, and tattoo parlors are allowed to open in California.
2:20 Ontario airport will be showing drive-in movies
3:04 New stimulus proposal will pay you to go on vacation!
3:51 One of my listings for sale: 5483 Moreno St., Montclair, CA
4:26 San Francisco passes a law to ban coronavirus-related evictions forever
5:14 New Starbucks Pickup locations
5:49 The Oakland A’s didn’t make their rent payment!  Does it make sense to evict them?
6:19 I got a haircut! (finally)
6:57 Happy Father’s Day!

Hello Investors!

The government is giving out free money again!  If you missed out on the free $10,000 Economic Injury Disaster Loan advance the first time they were handed out, here’s your second chance.  On Monday evening, the Small Business Association re-opened its portal to allow new applications for the EIDL program.  Claim your money before it runs out!  The amount of the loan advance is $1,000 per employee, up to $10,000 per company.  Click here to fill out the application.  It takes no more than 15 minutes!

California is inching closer to full reopening.  Last week, the governor announced that nail salons, tattoo shops, and massage parlors could finally open in Los Angeles, Orange, Riverside, and San Bernardino counties on this coming Friday, June 19.  So  if you own a strip center in California, most likely, all of your tenants should be allowed to open.

The Ontario airport is setting up part of its parking lot to be a free drive-in theater every other Friday night from this Friday to July 31st.  The first movie, “Ford v Ferrari,” which was filmed in the hangars of the Ontario airport is already sold out!  The other three movies will be Sandlot, The Princess Bride, and Napoleon Dynamite.  Check out this link to reserve tickets for future movies.

There have been a lot of proposed stimulus programs being thrown around, and although it’s almost certain that more stimulus will be coming, we don’t know what the programs will be.  One newer idea is called Explore America. This program would offer a 50% reimbursement on a household’s vacation within the US in the form of a tax credit.  This would include restaurant dining, and the credit could be up to $4,000.  The goal would be to help the US hospitality industry, which has been one of the hardest hit by the pandemic.  Where would you go if this bill gets passed?

Last week, the city of San Francisco passed a law that permanently prevents landlords from evicting residential tenants if they can’t pay rent due to coronavirus related issues. There was already a law in place that prevented evictions for two months after the emergency order ends, but now this new law will extend the eviction ban forever. Yes, forever!
The author of the bill, Supervisor Dean Preston, said he is working on a fund to help landlords to pay rent, however that seems far away from happening.

Starbucks recently announced that it will be evolving its portfolio to expand a new concept that it calls Starbucks Pickup locations. These would be small pickup points that are primarily for people who order their drinks through the mobile app. The first one is in New York City and is only 400 square feet. Also as part of its portfolio reorganization, Starbucks will be closing 300 stores. However, they plan to open 500 stores for a net gain of 200 stores in 2020. This shift toward more of a convenience pickup model was something that Starbucks had been looking at, but the pandemic just caused them to accelerate the change.

I got a haircut! Watch the video to see a collage of my hair growing since the start of the pandemic.

And finally…Happy Father’s Day to all Dads out there!


Link to EIDL Application

How to fill out the EIDL Application

ONT Airport drive-in movie tickets:

Article on the Explore America stimulus program

SF Chronicle article on permanent moratorium on evictions

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Mike Lin, CRE