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My Resident Manager Is Not Working Out—Now What?

via Clients thinking about terminating their resident manager often want to know whether they will be able to evict after they end the resident manager’s employment. A simple question but -- even ignoring any Covid eviction rules -- one that does not always have a simple answer. Many factors come into play and, even after those factors are sorted out, the answer sometimes remains frustratingly unclear... Read More..

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Section 8 Housing Reform Moves Forward

via Momentum is building for legislation that would increase private sector participation in the Section 8 Housing Choice Voucher (HCV). On March 1, H.R. 6880, the “Choice in Affordable Housing Act” was introduced, by U.S. Reps Emanuel Cleaver (D-MO) and John Katko (R-NY). This legislation parallels Senate legislation introduced May 2020 by Senators Chris Coons (D-DE) and Kevin Cramer (R-ND). Read More..

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via Having been so caught up in the COVID Eviction Moratorium drama, you may have missed complying with AB 1482 – (California State Rent Control), which went into effect in 2020. However, now that moratoriums and rent freezes are beginning to expire (in some areas), it’s important that we revisit this law. California State Rent Control – AB 1482 If you say “My property has NEVER had rent control, please read on. In brief, this law covers all California rental properties EXCEPT: Read More..

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What’s Next? Beyond the Eviction Moratoriums

Learn about when and how you can evict your problem tenants, how the newly passed laws impact YOU, legal strategies you can deploy during the post-eviction moratorium era and understand your rights as a rental property owner to take back your property and recover your rental units. Learn what’s next for us landlords here in California. Read More..

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Renter Preferences Survey Shows Residents Desire More Space

via A new renter preferences survey says residents are reporting a great desire for more space, better amenities and in-home creature comforts as the pandemic caused residents to evaluate their housing needs. The 2022 Renter Preferences Survey Report from the National Multifamily Housing Council (NMHC) and Grace Hill included 221,000 renters living in 4,564 communities nationwide, with data available in 79 markets. The report provides a look at the home features and community amenities that renters say they cannot live without, how much they are willing to pay and what matters during their home search. Read More..

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Inflation in Southern California Reaches Highest Point Since 1990

via nvestors watched warily as inflation in the United States reached its highest point in 39 years, reading 7.1% in December, according to the Bureau of Labor Statistics. As home to some of the largest ports in the country, the Southern California region has also seen banner levels of inflation, just to a different degree. The inflation rate for the combined metropolitan area of Los Angeles and Orange counties was 6.6% in December, the highest December level locally in 31 years. A dive into specific goods gives insight as to what’s driving price jumps and how it affects the commercial real estate sector. Read More..

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