High Costs Continue to Challenge Buyers and Renters By John Triplett

High mortgage interest rates, high home values, and high rents continued to fuel affordability challenges for buyers and renters, Zillow says in a new survey. Low vacancy rates that limit mobility and also put pressure on rental rates are also a challenge. However, the report says, “Many renters’ behaviors, intentions, and preferences have remained relatively stable…

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Maximize Your Multifamily Property’s NOI with Utility Billing Best Practices in 2024 By Livable

Utility cost recovery is critical to maximizing a multifamily property’s NOI. Non-payments (and late payments) impact cash flow and the homeowner or property manager’s ability to properly budget.  Of course, a number of factors impact utility cost recovery. But (arguably) the most important – resident billing itself – is too often overlooked. Why does billing…

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What’s Happening in Real Estate By Lloyd Segal, President of the Los Angeles County Real Estate Investors Association

L.A. City Council Approves Rent Hikes   Landlords, you can breathe again. After a lengthy discussion, the Los Angeles City Council approved rent increases on rent-stabilized units to 4% (or up to 6% if landlords cover gas and electric costs). Council members voted 10-2 last Tuesday night to move forward on the proposal, meant to limit…

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How Will SB 567 Affect You? by AOA

This law tightens up the requirements for a landlord to terminate a tenancy under the Tenant Protection Act (i.e., California statewide rent cap and just cause eviction law) for no-fault evictions based upon owner move-in or substantial remodeling.  SB 567 also adds damages, penalties, attorney fees and enforcement mechanisms for violations. (Effective April 1, 2024). …

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