Property Management Resources for Landlords
Tips, Tricks, Tools & Time-Savers from Real Property Managers
COVID-19: Commercial and Residential Tenant Eviction Moratoriums Select State and Local Laws Tracker (US)
As a way to track the changing landscape of evictions, the following may be a great resource to stay up-to-date with eviction moratoriums. It is updated often with changes/updates for every state (and in some cases, specific areas/cities).
LA Multi-Family Housing: 2021 Q1 Report
Metro takes initial steps toward recovery. Los Angeles entered 2021 with the second-highest unemployment rate nationally, having recovered less than half of the 660,000 jobs lost last April. The metro’s economy, however, is beginning to benefit from the partial rollback of COVID-19 restrictions that has allowed certain companies to rehire.
Regional Housing Needs Assessment (RHNA)
Here in California, we have a state law that mandates local governments to conduct a Regional Housing Needs Assessment (RHNA) – you might hear the acronym pronounced as “reena”. Cities often talk about their RHNA goals and meeting their affordable housing objectives, but how does this work?
Rent Control Notice
AB-1482, approved by the Governor of California on October 8, 2019 mandates that notice needs to be provided to tenants no later than August 1, 2020 (see section 9.f.2) of the provisions stated in AB-1492. An example is attached.
For Leases signed after July 1, 2020 the following will need to be added to the language of the lease on non-exempt properties.
“This property is not subject to the rent limits imposed by Section 1947.12 of the Civil Code and is not subject to the just cause requirements of Section 1946.2 of the Civil Code. This property meets the requirements of Sections 1947.12 (d)(5) and 1946.2 (e)(8) of the Civil Code and the owner is not any of the following: (1) a real estate investment trust, as defined by Section 856 of the Internal Revenue Code; (2) a corporation; or (3) a limited liability company in which at least one member is a corporation.”
If you haven’t already given notice to your tenants, please read through AB 1482, asking any clarifying questions to your retained council, and we will discuss fee structures to owners for the service we provide for notifying tenants.