Tuesday, September 27, 2016
As the owner of Residential Foreclosure Wholesale, LLC and East Bay Holding Co., LP, Danny Olmstead oversees all aspects of these property investment firms. In this capacity, Danny Olmstead has had experience restoring and subdividing duplexes in the city of San Francisco, careful to select non-Ellis Act properties.
The Ellis Act is a California law that was passed in 1986. The legislation allows landlords to legally get out of the rental business. If a landlord decides he no longer wants to rent out a property, the Ellis Act allows him to evict all tenants and remove the units from the rental market without city or government interference.
Ellis Act legislation comes into play when a landlord wants to change the use of the building. For example, the owner may wish to convert the units from rentals into condominiums. Alternatively, he may plan to build a mansion, using all the square footage for a single luxury residence. If landlords wish to execute their Ellis Act rights, there are a series of rules they must follow to do so. These regulations aim to protect tenants’ rights and to give them adequate time to relocate.
Tuesday, September 6, 2016
Danny Olmstead is the former VP of General Operations for WDO, Inc., located in Tracy, California. An accomplished investor and successful businessman, Danny Olmstead volunteers at Glide Memorial Church in his free time.
A popular house of worship located in San Francisco, California, Glide Memorial Church prides itself on its principles of inclusivity and service to others. Among Glide Memorial Church’s numerous outreach programs is its “Men Unlearning Violence” initiative, which assists men who have acknowledged their own destructive behavior.
Designed and run by men, Men Unlearning Violence focuses on “unlearning” violence and encouraging positive relationships. In the class, which meets twice a week, the participants develop ways to rid their households of physical violence, emotional manipulation, stonewalling, and harmful internalized beliefs. The program also touches on violence in the workplace and teaches participants to “live beyond survival” and have hope for the future.