News

Filter

CAA Central Valley, a proud new member of the Modesto Chamber of Commerce, celebrated the milestone recently with a ribbon cutting ceremony. The event took place March 20 at CAA Central Valley’s Educational Luncheon and was attended by over 100 local members. Dignitaries at the ribbon cutting included Modesto City Councilwoman Jenny Kenoyer; Brett McBay,  representing Assemblywoman Kristin Olsen; and John Villines from the Modesto Chamber of Commerce. “I was very impressed with the professionalism and friendliness of the Modesto Chamber of Commerce ribbon-cutting welcome team,” said Stephanie Babb, executive director of CAA Central Valley. “Our members of the California… Read More

Tagged: Central Valley

Question: We have a tenant who has been provoking other tenants, so we gave her a 30-day notice. She is now very angry and has flooded her apartment and the three apartments below her by inserting a roll (still on the spool) of toilet paper into her toilet and then flushing the toilet over and over. What can we do?  Answer: You can serve a three-day notice to quit based upon this activity. If she fails to vacate in three days, the court eviction can commence, and you would not have to wait for the 30-day notice to expire. You… Read More

Tagged:

If you’re a registered voter in West Contra Costa County, look for a ballot in your mailbox over the next couple weeks. Ballots go out in just a few days and ask all registered voters to approve a parcel tax that could help keep Doctors Medical Center in San Pablo open. This property tax is larger than those requested in prior years — and it probably won’t be the last tax requested to save the financially struggling hospital. The measure, which would charge 14 cents per square foot of developed property, has no sunset. It would stay in effect as… Read More

Tagged:

During the fourth quarter of last year, construction wrapped up on almost 42,000 apartment units across the nation — the highest figure in a decade, according to REIS Inc. Also, apartments are making up roughly one-third of housing units under construction, a level unseen in four decades, according to this CNBC article, which cites US. Census data.

Tagged:

A bill that could strip San Francisco landlords of their freedom to leave the rental housing business heads to a key senate committee next month. On Tuesday, April 8, state Sen. Mark Leno’s SB 1439 goes before the Senate Committee on Transportation and Housing. SB 1439 is a direct assault on the Ellis Act, a law passed in 1985 that bars local governments from making landlords stay in the rental housing business. Ellis especially protects owners of rental properties in rent controlled cities, where landlords can find themselves operating at a loss. Under Leno’s bill, San Francisco would be authorized… Read More

Tagged:

By Jonathan Heller For CAA News SAN DIEGO – The California Apartment Association’s San Diego Division has joined forces with the Downtown San Diego Partnership to reduce homelessness in the coastal city’s core. CAA presented a check for $15,000 Thursday night to Partnership President and CEO Kris Michell in support of the Partnership’s “Make Change Count” and “Work Your Way Home” initiatives, which seek to end homelessness downtown. Whitney Benzian, executive director of CAA’s San Diego Division, said his organization is proud to raise money for such a worthy cause, especially with such a track record for delivering results. “Homelessness… Read More

Tagged: San Diego

The deadline is just one week away for those needing to register for the California Apartment Association’s CCRM webinar series. Students have until noon, Friday, April 4, to register for the first class, Preparing the Property & Professional Leasing Skills. Preparing the Property & Professional Leasing Skills, like the other eight courses in the series, will be presented in two 90-minute segments. The first half will be webcast at 1:30 p.m. on Tuesday April, 8, and the second half at 1:30 p.m. Thursday, April 10. Students must complete both to obtain course credit. Teaching the course is Tony Souza, Sequoia… Read More

Tagged:

The California Apartment Association will take to the airwaves this Saturday on a real estate talk show out of Fresno. Welcome Home Radio will feature Stephanie Babb and Steven R. Hrdlicka. Babb has been executive director at CAA Fresno since 2004. She is responsible for local board management, government relations, event planning and membership development. Hrdlicka, an attorney, represents owners and managers of rental properties in Central California. He has successfully handled thousands of eviction and collection lawsuits. He also sits on the CAA Fresno board. The guests will discuss a wide range of topics, from how CAA helps landlords… Read More

Tagged:

Starting with taxes for 2013, a 3.8 percent Medicare tax applies to net investment income for some. Net investment income is net investment after deductions properly allocable to that income. The Medicare tax applies to investment income exceeding one’s “modified adjusted-gross income.” That threshold is $250,000 for married taxpayers filing jointly; $125,000 for married taxpayers filing separately; and $200,000 for all others. Investment income includes income earnings from interest, dividends, royalties, rents, and net gains from the disposition of property. It does not include income derived in the ordinary course of a trade or business. Individuals whose rentals show either… Read More

Tagged:

Once again, a legislative proposal threatens to tax different types of parcels at different rates. The de facto split-roll parcel tax comes from SB 1021 by state Sen. Lois Wolk, D-Davis. SB 1021 would allow 1,043 school districts to levy unlimited tax increases on select property owners through non-uniform parcel taxes. This would essentially overturn current law, as well as a court ruling, that say parcel taxes must apply uniformly. The bill would provide numerous ways to vary tax rates. For example, school districts could split parcel tax assessments within a district based on characteristics such as the size of… Read More

Tagged: