IN THE NEWS: Alhambra City Council Approves Tenant Protection Ordinances

On May 22, 2023, the Alhambra City Council approved “Tenant Protection Ordinances.” Both an urgency ordinance and the first reading of a non-urgency ordinance imposing a temporary moratorium on no fault, substantial remodel evictions for certain residential tenancies in Alhambra were approved. The ordinances passed with a 5-0 vote to approve after robust public comment…

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Why Resident Surveys are Essential for Creating a Thriving Community By Grace Hill

As a property manager, it’s essential to maintain a positive relationship with your residents. And one way to do that is by conducting multifamily resident surveys. Surveys offer valuable insight into resident satisfaction, highlight areas of preference and concern and build trust. Unfortunately, in the busyness of daily operations, property managers often overlook (or dismiss)…

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Multifamily Fundamentals Strong But Mild Recession Predicted By John Triplett, Rental Housing Journal

Multifamily fundamentals have been holding up better than expected through the first quarter, but there is still a looming mild recession expected later this year, Yardi Matrix experts explained in a recent Multifamily National Outlook For Spring 2023 webinar. “Things are quite a bit more nuanced and more variables in play than there have been as we go…

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Big Problems for California’s Income-Based Utility Rates and Will Proposition 13 Save San Francisco? By Jon Coupal, President of Howard Jarvis Taxpayers Association

In a recent column, I referred to SBX1-2, a dangerous legislative proposal, to define “excessive profits,” as setting a new speed record in California’s headlong rush toward Soviet-style central planning. Well, let’s add one more bad bill to the state’s perpetual march toward a collectivist state. Fortunately, this one may not be legal for long.…

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What’s Happening With Southern California’s Housing Market? By Lloyd Segal, President of the Los Angeles County Real Estate Investors Association

This article contains excerpts from Monday Morning Quarterback, May 8, 2023   L.A. City Council Approves Aggressive Plans for More Housing The Los Angeles City Council voted 13-0 [in May] to approve new development plans allowing up to 135,000 new homes in Hollywood and downtown L.A. over the next two decades. Lawmakers cheered the passage…

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