A bill (SB 567) supported by tenant advocates aiming to provide stronger protections for renters and promote housing stability made progress in the state Assembly this week, despite opposition from many landlord and apartment associations. The bill proposes measures to increase the requirements for landlords seeking to reclaim their properties or carry out extensive renovations. ..Read More
Filed under: News and Updates
The recent settlement announced by Attorney General Rob Bonta serves as a reminder to California landlords about the importance of understanding and complying with the California Tenant Protection Act. This landmark legislation, known as AB 1482, was signed into law in 2019 and aims to provide protections for tenants in the state. One key aspect ..Read More
Filed under: News and Updates
The discussion surrounding pets, service animals, and companion animals has gained significant attention within property management and real estate circles lately. Particularly in the context of renting out properties in California, it has become crucial for landlords to address the needs of tenants who own such animals. When it comes to handling animals and renters, ..Read More
Filed under: Pets
Senate Bill 567, a legislative proposal introduced in the Senate, aims to address various concerns related to owner move-ins, tenancy terminations for major remodels, and Ellis Act evictions. The bill seeks to implement stricter limitations on these practices while providing additional rights and protections for tenants. In addition, it introduces provisions that allow tenants and ..Read More
Filed under: News and Updates
The passing of California’s Assembly Bill No. 2559, effective January 1st, 2023, has brought about a significant change in the rental housing industry, particularly in relation to tenant screening. This new legislation redefines an existing consumer report, which is commonly ordered by landlords on prospective tenants, as a reusable tenant screening report. This shift in ..Read More
Filed under: Landlord Tips
Tenants residing in rent-controlled apartments will witness a maximum rent hike of either 2.8 percent or $67, whichever amount is lower, during this year. The Board has the flexibility to establish a specific cap on the yearly general adjustment (GA) amount, but it is not mandatory. Rent Hikes Cap for 2023 Rent hikes in rent-controlled ..Read More
Filed under: News and Updates
Leasing season for residential property management spans from May to September, peaking in July and August when the highest number of transactions occur. To ensure maximum profits and achieve higher levels of success during this crucial period, property management teams must prepare well in advance of the season’s commencement. Moreover, it is vital to allocate ..Read More
Filed under: Landlord & Property Management
Rental insurance, also known as tenant insurance or renter’s insurance, is a specialized type of policy that provides coverage for personal possessions within a rented property. Unlike traditional homeowner’s insurance, which typically covers the structure of the home itself, rental insurance focuses on protecting the belongings and liabilities of tenants. Benefits of Rental Insurance One ..Read More
Filed under: Landlord Tips
While it is understandable that landlords may face challenges when it comes to charging late fees, there are several important reasons why enforcing late rent fees is necessary. Here are some compelling arguments in favor of charging late rent fees. 5 Reasons to Charge Tenants Late Rent Fees Maintaining Fairness and Accountability Implementing late rent ..Read More
Filed under: Landlord Tips
Investing in the right property amenities is crucial for keeping renters engaged, satisfied, and more likely to renew their lease. By offering amenities that are both profitable and desired by residents, landlords can create a positive living experience that encourages long-term tenancy. Invest in High Speed Internet Investing in high-speed internet and cable bundles is ..Read More
Filed under: Landlord Tips