Welcome to the August 2023 Apartment List National Rent Report. The rental market hit a big milestone this month, as national rent growth is finally negative year-over-year. This means that on average across the nation, apartments today are renting for less than they did one year ago. This marks a major deceleration from recent years, when annual…
Landlords are required to register rental units pursuant to the Rent Stabilization and Just Cause Eviction Ordinance. SANTA ANA, Calif. – Effective November 18, 2022, the City of Santa Ana enacted the Rent Stabilization and Just Cause Eviction Ordinance (“Ordinance”) to regulate rent increases and evictions for certain rental properties and mobilehome spaces. Under the…
Most renters know securing housing isn’t as simple as finding the perfect place. California’s renters must save up thousands of dollars to provide security deposits that can legally be as much as two months’ rent, or three months’ for furnished units. Add in the requirement that renters put up the first month’s rent before they can…
Rent control policies have long been a topic of debate, with proponents arguing for tenant protection and affordable housing, while opponents claim rent control has the opposite effect. In California, where the housing crisis is particularly severe, statewide rent control limits rent increases to 5% + CPI, with a max of a 10% annual increase. …
MORTGAGE RELIEF FOR LANDLORDS WITH 1-4 UNITS APPLY NOW! If you are a landlord, have mortgage delinquency or delinquent utility bills, you may be eligible for this program. https://dcba.lacounty.gov/programs-for-property-owners-and-landlords/ Are You Eligible? To qualify for the program, you must meet the following eligibility requirements: You are a non-corporate rental property owner with no more than…
As most of you know, I rarely show my properties by meeting prospects. I put a lock box on the house and let prospects go when they have time. I made the mistake of posting this in one of the online forums and got blasted! LOL .People said things like: “I bet your houses get…
The Alameda Rent Ordinance prevents landlords from terminating a tenancy except for certain allowable grounds and requires a relocation payment in circumstances that are not the fault of the tenant. Amounts for these relocation payments were established by city council resolution and are adjusted annually based on a component of the Consumer Price Index (CPI) calculated…
How has tenant screening in California changed in 2023? For starters, the maximum allowable rental application fee that a housing provider can charge is now up to $59.67, thanks to inflation related to the CPI. The mystery shoppers are back out on the job, looking for landlords who might discriminate against applicants with Section 8…
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…
Below are questions asked by rental property owners regarding California rent control laws, followed by answers provided by eviction attorney Dennis Block. Question One: My property is under the Los Angeles City Rent Stabilization Ordinance. Can I evict for non-payment of rent now? Answer One: The city’s and county’s moratorium expired as of March…