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NEW RENT CAP SUPPLEMENTS LOCAL RENT CONTROL RULES

By Madeline Pauker , via SMDP “ State lawmakers passed a landmark measure last Wednesday that will limit annual rent increases to 5% plus inflation for buildings that are at least 15 years old and require landlords to provide a “just cause” for evicting tenants. While Santa Monica already has a comprehensive rent control program and a “just cause” law of its own, Assembly Bill 1482 will impact some tenants in the city...” Read More

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SEPTEMBER 2019: Why Should Anyone Be Surprised? Overregulation is Causing Rent Controlled Apartments to Drop Like Flies in LA!

via AAGLA " A recent article by an online publication, “Curbed L.A.,” reported that rental housing providers in Los Angeles have filed applications to remove 657 rent-controlled apartment units under the Ellis Act. The Ellis Act is a 1985 California state law that allows landlords to evict residential tenants to “go out of the rental business” despite desires by local governments to compel them to continue providing rental housing…” Read More

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SEPTEMBER 2019: LOCAL GOVERNMENT UPDATE

By Danielle Lender-Peretz, Esq. Director, Government Affairs & External Relations, via AAGLA “ While the Summer months reflected a general slowdown in legislative activity, some cities have implemented new regulations, such as Culver City which recently adopted an interim 3% rent freeze and related measures for an interim, 12-month period. As we move into the month of September, it is anticipated that issues such as “Right to Counsel” in the City of Los Angeles and continued risk of permanent rent control… Read More

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SEPTEMBER 2019: THE RENTAL HOUSING BUSINESS AND HOW THE GOVERNMENT DISENFRANCHISES THE SMALL REAL ESTATE INVESTOR

By Roderick Wright, Former California State Senator, via AAGLA “ I recently saw a movie titled, “The Last Black Man in San Francisco.” What initially sounded like a comedy was, in reality, a cautionary tale about poverty and gentrification. Jokingly, I called my friend Willie Brown, the former mayor of San Francisco and told him that I had just seen a movie about him. Willie laughed and said that he should have had a bit part in that movie. Looking at other cities …”Read More

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FREE RSVP: APARTMENT BUILDINGS CONFERENCE & EXPO (AAGLA) – OCTOBER 2

FREE ADMISSION! Join Scott Properties Group (booth #120) and the Apartment Association of Greater Los Angeles at the 2019 Apartment Building's Conference and Expo in Pasadena on October 2! Property owners, investors, real estate professionals, stop by and enjoy FREE industry seminars, networking opportunities, prizes, and educational sessions where you will discover money-making and money-saving ideas from various professionals in the Multi-family industry. Come meet the Scott Properties Group team at booth #120, to learn more about property management and have your questions answered by our team of management professionals! WHERE Pasadena Convention Center WHEN Wednesday, OCTOBER 2, 2019 9:00 am - 4:00 pm RSVP HERE

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FREE RSVP: APARTMENT OWNER’S ASSOCIATION (AOA) TRADE SHOW & LANLORDING CONFERENCE – SEP 12

FREE ADMISSION! Join Scott Properties Group (booth #320) and the Apartment Owner's Association at the biggest event of the year! Property owners, investors, real estate professionals, stop by and enjoy FREE industry seminars, networking opportunities, prizes, and educational sessions where you will discover money-making and money-saving, presented on Thursday, September 12th, 2019 at the Los Angeles Convention Center. Come meet the Scott Properties Group team at booth #320, to learn more about property management and have your questions answered by our team of management professionals! WHERE Los Angeles Center 1201 S Figueroa St, Los Angeles, CA 90015 WHEN September 12th, 2019 7:30 am - 5:00 pm RSVP HERE

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RSVP: LUNCH & LEARN – AUG. 22

  August 22, 2019 @ 11:00 am – 1:00 pm FREE ADMISSION! Collecting a security deposit is an essential part of protecting your investment, but how do you handle withholding some of that money for repairs when a tenant is moving out? This in-depth discussion will cover how to properly manage security deposits using documentation to avoid legal disasters! LIMITED SEATING – RSVP HERE

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RSVP: Landlord Tips & Tricks: Avoiding the Industry’s Most Common and Costly Mistakes – AUG. 13

August 13, 2019 @ 6:30 pm – 8:30 pm Learn a better approach to protecting your ASSet *Narrow the gap of your exposure *Lean a better a choice of words with your tenant. *Learn a great technique for a response when put on the spot. *First line of defense in a discrimination accusation * limit frivolous lawsuits *making sure insurance coverage is protecting you and better business practice to keep you covered and in the know. *A better approach to Fair Housing to help stay in compliance with their guidelines. And great answers for the hard to answer questions we are asked. Investment Strategist Robert “Rusty” Tweed will also be joining us to share insight on protecting your wealth and maximizing your return on investment. LIMITED SEATING – RSVP BELOW https://apartmentinvestorsclub.com/event/20190813/

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July 2019 – Proposition 65 Update: New Safe Harbor Warnings Required for California’s Rental Housing

By Jamie Sternberg, Esq., via AAGLA Recent changes to Proposition 65’s “safe harbor” warning guidelines may impact residential rental property owners. Effective July 1, 2019, new Sections 25607.34 and 25607.345 will become effective. They require Proposition 65 warnings be provided to new tenants and other adult occupants (and again each year during tenancy). The warnings must be in a specific format (which is new) and delivered in specific ways… Read More

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July 2019 – Local Government Update

By Danielle Lender-Peretz, Esq. Director, Government Affairs & External Relations, via AAGLA This month has been active for local city councils with the advancement of the following discussions and/or ordinances related to “right to counsel” in eviction proceedings, relocation fees, mandatory fees, mandatory participation by rental housing providers in the Section 8 program, and implementation of rent freezes… City of Los Angeles Tenant Anti-Harassment: Proposed Ordinance. On Wednesday, May 8, 2019, the City of Los Angeles’ Housing Committee were presented with updated recommendations from the Los Angeles Housing + Community Investment Department (HCIDLA) related to a proposal to draft a Tenant Anti-Harassment ordinance. The Committee voted to advance the proposal with the…Read More

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