Buildium writes about the seven rental market trends for 2023 that the company is seeing in its annual property management and industry report and analyses from leading real estate sources in the industry. The company reports that over the last two years, many property managers’ business plans “were reactionary”, keeping their businesses afloat amid lockdowns,…
DetailsBelow are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: Are there any new state or local laws we should know about as we enter 2023? Answer 1: This should have been the subject of a question in the January edition, but…
DetailsBILLS PASSED & SIGNED BY THE GOVERNOR: (And supported or sponsored by CalRHA) AB 916 (Salas): Prohibits a city or county legislative body from adopting or enforcing an ordinance requiring a public hearing as a condition of reconfiguring existing space to increase the bedroom count within an existing dwelling unit. AB 1695 (Santiago): Allows for…
DetailsThe rental market in the US is in flux. People paying 40% of their income to rent has reached the highest number ever – the recommended proportion is 25 to 30% of income to rent. It is understandable that a market correction is coming, and it appears to be here. In the face of rising…
DetailsPlease use the below as a guide to easier management, money-saving ideas and to avoid potential legal problems in the New Year. Our goal is your continued success! NEW 2023 RESIDENT MANAGER LAWS: For your protection, you should have a new, updated, written, legal Resident Manager Agreement containing all NEW LAWS. (Read Attorney Gary Ganchrow’s…
DetailsWelcome to the new year and the many opportunities for AOA members in 2023! We will continue to ramp up the frequency of in-person seminars that are held locally and throughout the state. These in-person events provide a tremendous opportunity to go deeper than the online events. Though face-to-face is the ideal way to meet…
DetailsThe below information is from the City of Oakland’s website. The Oakland City Council has adopted a requirement to establish a rent registry for all units subject to the Rent Program Fee. As of March 1, 2023, owners of these units will be required to report rent and tenancy information to RAP on an annual…
DetailsReasonable accommodation requests can be completely obvious and straightforward. Still, more often than not, they require a little bit more due diligence or investigation to verify the need for what is being requested. Along with that is the range of requests a leasing office can come across: accessible unit, live-in aide, and parking-spot requests, just…
DetailsWhen the Consumer Price Index jumped briefly above 9% earlier this year, Americans were told the higher inflation would be “transitory.” Regular readers may recall that I disagreed with this forecast at the time and warned that inflation jumps of that magnitude are often entrenched and very hard to bring down. While the CPI has since slipped…
DetailsWWII closed down in three acts. The Italians retired from the field in September, 1943. The Germans left in May, 1945. The Japanese pressed on another four months, not capitulating until the actual surrender document was signed on 2 September, 1945. Even then, there were Japanese belligerants who failed to get the memo and continued…
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