Below are questions asked by rental property owners regarding California property management, followed by answers provided by the law firm of Simone and Blevins. Definitions Used in This Article Assistance animal is a term used to describe both 1) a service animal and 2) a support animal also known as an emotional support animal.…
Tracking: Inflation reflects changes in the Consumer Price Index (CPI). The CPI measures the average price change for a basket of diversified consumer goods and services within a given period. The specific items included in the basket of goods changes as consumer purchasing habits change. Example: Are purchases of desk computers declining, but sales of…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by eviction attorney Dennis Block. Question One: I heard that we can no longer charge a security deposit equal to two months’ rent. How did this become the law? I do not feel comfortable only charging a…
The U.S. economy continues to stun watchers, growing faster than expected in the third quarter at a seasonally adjusted rate of 4.9% annualized, the Commerce Department reported Thursday. Many economists had predicted a 4.7% acceleration in GDP for the same July-through-September period (seasonally adjusted). This dwarfs the 2.1% increase in real GDP reported for the…
The below article was written by John Triplett of the Rental Housing Journal. The RentalHousingJournal.com is an interactive community of multifamily investors, independent rental home owners, residential property management professionals and other rental housing and real estate professionals. Rent control laws are contributing to a shortage of affordable housing, according to economists. When rent caps…
Below are questions asked by rental property owners regarding California and Orange County rent control laws, followed by answers provided by eviction attorney Dennis Block. Question One: I heard that we can no longer charge a security deposit equal to two months rent. How did this become the law? I do not feel comfortable…
Los Angeles County supervisors voted Tuesday to extend — and slightly increase to 4% — a soon-to-expire cap on rent increases, sparing tenants in unincorporated areas from a big rent hike for an additional six months. In November 2022, the supervisors approved a temporary 3% cap on annual rent increases, framing it as a short-term…
Below are questions asked by rental property owners regarding California rent control laws followed by answers provided by Attorney Richard Beckman. Question 1: Did the state just pass a new law affecting security deposits? Answer 1: Yes, as of September 18, AB 12 was sent to the Governor’s office for approval. When it takes…
California is renowned for its cultural diversity, including a significant number of refugees seeking safety and new opportunities. With the recent upheavals in Afghanistan and Haiti, and the war in Ukraine, California is once again welcoming newcomers at climbing rates. Apartment owners are thinking intentionally about their strategy for making sure their units are accessible…
It is imperative to stay updated on local regulations and seek legal counsel, when necessary, to ensure that occupancy policies are fair, reasonable and non-discriminatory. Moreover, proactive communication, clear guidelines, and ongoing training will ensure that every staff member will maintain compliance. Q: Is there an occupancy limit law that housing providers have to…