Multifamily Demand Remains Stable As Rent Growth Slows By John Triplett

Multifamily rents are rising as demand remains stable and healthy, but rent growth is slowing in some markets, Yardi Matrix says in the June National Multifamily Report. “While some markets are experiencing slowing growth, multifamily largely continues to perform well, with a solid 95 percent occupancy rate and moderate rent growth in most metros.  However, economic uncertainty and…

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Navigating California’s Building Balcony Safety (SB 721 and SB 326): A Comprehensive Guide for Landlords and Building Owners By Omid Ghanadiof, Dr. Balcony

As a landlord or building owner in California, it is essential to stay informed about the latest legislative developments that impact your responsibilities and obligations. Two important bills, SB 721 and SB 326, have been enacted to enhance safety standards for multi-unit residential buildings. This article aims to provide a comprehensive guide to help you…

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Rising Interest Rates Put Multifamily Borrowers and Lenders in a Bind By: Yardi Matrix

Participants at the CREFC (Commercial Real Estate Finance Committee) annual conference in June highlighted the troubles that include weak demand, rising defaults and growing difficulty in refinancing maturing loans, Yardi Matrix writes in a special bulletin. “No matter how well loans are performing, takeout financing will be difficult,” said one panelist at the meeting of CRE Finance Council’s Annual…

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Oppose the “Justice for Renters Act” 2024 By Michael Millman, Esq.

The below letter was sent out by Attorney Michael Millman. Dear Friends: Although every tenant activist affirms and agrees that upon the completion and passing of a comprehensive statewide rent control law, (AB 1482), there would be no further challenge or attack on the “protections” secured by the 1995 Costa-Hawkins Fair Housing Act. It appears…

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HJTA Files Initiative to “Repeal the Death Tax” by Jon Coupal, President of Howard Jarvis Taxpayers Association

Repeal the Death Tax is now Initiative Number 23-0005. The title and summary [should have been] released on approximately August 21st, after which signature collection [began]. The Repeal the Death Tax initiative will restore the rights that were lost but will not change the other parts of Prop. 19. It will be retroactive, meaning people whose property…

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Fair Housing and Phone Calls – Ensuring Compliance by the Fair Housing Institute

In today’s rapidly-evolving digital landscape, it’s easy to overlook the significance of traditional forms of communication, such as phone calls, in the day-to-day operations of leasing offices. While email and messaging services have become prevalent, phone calls remain an indispensable aspect of effective leasing-office management. However, property management professionals must remain vigilant about the potential…

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Legal Q& A By: Franco Simone, Esq

Below are questions asked by rental property owners regarding California property management, followed by answers provided by the law firm of Simone and Blevins.   Effective June 24, 2023, the city of San Diego enacted the new Residential Tenant Protections.  Ordinance No. O-21647. This new ordinance amended and replaced the Tenant’s Right to Know Ordinance…

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The Dilemma of Rising Property Insurance Costs by Mercedes Shaffer, Realtor

The landscape of property ownership in California has undergone significant transformations in recent years, with the implementation of rent caps and the surge in property insurance costs. While the intention behind rent caps was to protect tenants from exorbitant rental prices, the unintended consequence has been the stifling of profitability for apartment owners. When coupled…

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