It’s difficult to keep up with all the changing rent control laws, and politicians have structured many of the laws so that tenants have the advantage, even if they have violated their rental agreement. While there are lots of local rent control laws that vary by city, one law that is consistent across the state…
DetailsBelow 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 that…
DetailsWith utility costs continuing to climb while rents and unit demand are dropping, the best way to improve your bottom line is to implement a ratio utility billing system (RUBS), an inexpensive and easy way to make tenants financially responsible for their usage and incentivize conservation. Housing providers who use RUBS often enjoy double-digit decreases in costs in…
DetailsA recent study out of Northwestern University found that San Francisco’s rent control policies have managed to release a wave of, yes, more frequent evictions. Progressives are gawking and puzzling through the irony, but Jennifer Liu—Business and Housing Network’s (BAHN) president—isn’t all that shocked. Liu’s Opp Now exclusive (perspective below) on why CA’s restrictive housing…
DetailsThis is NOT tax advice; it is LIFESTYLE advice. It started with a phone call from an old neighbor, across the street from my old office building. He wanted to get the contact information for a commercial broker that I had given him some years back. He intended to sell his La Crescenta commercial property…
DetailsReal estate investment has long been a cornerstone of wealth building, and for landlords, the pursuit of financial security through property ownership is a rewarding endeavor. While many landlords focus on optimizing rental income, property management and tenant relationships, another critical aspect that can greatly impact their financial well-being is estate planning. One effective tool…
DetailsRecently, I was informed by one of our members, a rental property owner in Bellflower, that he received a citation and letter from the city of Bellflower fining him $2,000 for “Illicit Discharge of Illegal Fireworks because an unidentified individual set off fireworks on his property on July 4th. Naturally, when the owner questioned all…
DetailsThe Alameda Rent Program started accepting program annual fee payment for Fiscal Year 2023-24 beginning June 1, 2023. Landlords may submit payment by credit card or e-check through the Rent Registry portal or sending checks by mail. Beginning September 1, 2023, a penalty of 10% of the unpaid program fee will be applied, plus 10% each successive month…
DetailsWelcome to the Apartment List September 2023 Rent Report for Los Angeles, CA. Currently, the overall median rent in the city stands at $1,874, roughly the same as last month. Prices remain down 3.2% year-over-year. Read on to learn more about what’s been happening in the Los Angeles rental market and how it compares to…
DetailsIn response to tropical storm Hillary, the Governor has declared that 12 California counties are under a state of emergency, with a related cap on rent increases. Those counties are: Fresno, Imperial, Inyo, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, Tulare and Ventura. The governor has also declared an additional emergency for Mono County.…
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