Category: News & Updates
Landlord Alert: Major Revisions to the LA Rent Increase Formula You Can’t Ignore
Homepage Extract:
Los Angeles just approved sweeping changes to the Rent Stabilization Ordinance rent increase formula—slashing caps, eliminating utility allowances, and tightening the screws on housing providers yet again. Here’s how these new rules threaten already-struggling landlords and what you can do to prepare.
COVID-19 Rent Relief Repayment Letters
The California COVID-19 Rental Relief Program, which was designed to help tenants and housing providers alike during the pandemic, has recently started to issue repayment demands to some landlords. These demands have come about as a result of a federal audit which highlighted various issues, including the provision of insufficient or invalid documentation, as well […]
Read more..
Someone Please Help Us, We Are Being Treated Like the Indians
After three years of having our hands tied with the COVID pandemic and being held hostage by our own investment property, LA City announces a new ordinance that will govern us for yet another year until February 1, 2024.
Read more..
Let the Concession Wars Begin
Please listen to my warning, rather than have this tenant move into the new unit, most of the time it makes more sense from a financial point to simply offer the concession to the existing resident without requiring them to move.
Read more..
San Diego Approves Temporary Eviction Ordinance
Earlier in May 2021, the San Diego County Board of Supervisors voted 3-2 in favor of a temporary ordinance that places restrictions on rent increases and residential evictions under certain circumstances in the county of San Diego.
Read more..
SB 91 Important Notice
If a tenant owes one or more months of COVID rent (any rent due from 3/1/20 – 6/30/21), landlords must serve an informational notice from the State of California advising tenants of their right to rental assistance. If a tenant owes any COVID rent debt up to February 2021 and you have not already proceeded […]
Read more..