California voters [headed] to the polls in November, and among the many decisions they [made] was determining the future of rent control across the state. This will mark the third time since 2018 that voters rejected this proposition, with all three efforts having failed to achieve the necessary majority. Apartment Growth Here’s a look at…
Below are questions asked by rental property owners regarding California property management, followed by answers provided by the law firm of Simone and Blevins. Q: I recently decided that managing my 12-unit apartment building in Carlsbad is too difficult. I decided to hire a property management company to take over managing my apartment building. How…
A leading marketing research firm exclusively serving the multifamily industry, J Turner Research, recently announced a ranking of the top 10 apartment resident complaints, as revealed in analysis of 10,000 customer satisfaction surveys completed over the past two years at communities nationwide. According to the analysis, apartment residents are most likely to complain about rental…
Moving into a new place can be both an exciting and overwhelming experience. Whether you’re a student transitioning to a dorm, a young professional relocating for work, or a family upgrading to a bigger home, the move-in process comes with its own set of challenges. To help ease this transition, we’ve gathered insights from our…
In the real estate industry, it’s often assumed that experience correlates with age— the idea being that the older a broker or agent is, the more knowledgeable they must be. While age can offer life experience and perspective, it doesn’t always equate to expertise in real estate. True experience is built through the number of…
The value of a multi-unit rental property is intricately tied to how well it operates. Unlike single-family homes, which are often valued based on comparable sales, multi-unit properties are primarily investment assets. Their value is dictated by how much income they generate and how efficiently they are run. Understanding this operational focus is key to…
Tenant unions, once a niche movement, are now a powerful force across California. Fueled by rising housing costs, a widening income gap, and social media-driven activism, these unions are rallying renters to push for tighter rent controls, stricter eviction protections, and more expansive tenant rights. As they gain momentum, tenant unions are also driving a…
My grandma taught me everything about Christmas. I was just a kid. I remember tearing across town on my bike to visit her on the day my big sister dropped the bomb – “There is no Santa Claus,” jeered my sister. “Even dummies know that!” My grandma was not the gushy kind – never had…
Now may be the best time for you to start looking. Savvy apartment buyers know it’s good practice to pursue an effective strategy and regularly learn or refresh their memory about the submarkets. Use a Strategy That Works The basic process is simple and proven. Over 50 years ago, William Nickerson wrote the first income…
San Francisco’s Residential Vacancy Tax is No More! On October 31st, a litigation to strike down the residential vacancy tax in San Francisco Superior Court succeeded at the trial court level. The Superior Court sided with rental property owners on all causes of action, finding that the vacancy tax violated the Constitution as an unlawful…