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As renters struggle to make timely payments to landlords during the COVID-19 crisis, rental property owners will find it difficult if not impossible to cover their property taxes on time.
That’s why the California Apartment Association has joined more than 50 other organizations in asking Gov. Newsom to partially suspend Revenue and Taxation Code sections 2618 and 4103.
Such a move would give taxpayers, including owners of rental housing, until July 15 to pay the second installment of their property taxes, which is now due April 10. Newsom has already granted such an extension for income tax filing and payment.… Read More
Tagged: News
Tenant activists are organizing rent strikes in a number of California cities, with landlords in Los Angeles, Oakland and San Francisco as apparent targets.
The more radical tenant groups are spearheading the strikes, calling on tenants to withhold rent payments and demand that unpaid rent be forgiven in light of the COVID-19 crisis.
The demands come despite a statewide moratorium on evictions for non-payment of rent attributable to COVID-19. The California Apartment Association, too, called on all rental housing providers to adopt its Safe at Home Guidelines, which include a voluntary rent freeze and halt on evictions for residents affected… Read More
Tagged: COVID-19
Just days after the city of Los Angeles imposed a COVID-19 related rent freeze and strict eviction moratorium, L.A. county appears poised to do the same.
The County Board of Supervisors is now reviewing steps taken by the city of L.A. for possible implementation throughout the nation’s most populous county, including within city limits.
This review comes after L.A. Mayor Eric Garcetti on Monday ordered a prohibition on any rent increases at the city’s roughly 624,000 rent controlled units. This past Friday, the City Council approved a far-reaching eviction moratorium that prohibits all no-fault evictions and gives tenants up to… Read More
Tagged: COVID-19
It’s April 1, and the rent is due.
With COVID-19 prompting layoffs and job cuts across
California, though, many tenants won’t be able to pay it.
In these cases, the California Apartment Association urges landlords to respond
with patience and compassion.
Owners who haven’t already done so are encouraged to provide their tenants with the association’s sample letter on rent payments, which offers guidance to tenants unable to pay rent because of COVID-19. CAA also offers a form that can be used to create a back-rent payment plan for when the crisis subsides. Of course, CAA’s sample letter urges tenants to pay their rent on time if they’re able to do so. … Read More
The COVID-19 pandemic has prompted the city of Los Angeles to prohibit all rent increases in rent controlled units, approve a far-reaching eviction moratorium, and grant tenants one year to cover unpaid rent.
These actions go well beyond a statewide eviction moratorium ordered last week by Gov. Gavin Newsom.
Mayor Eric Garcetti’ ordered his prohibition on rent increases Monday night, affecting roughly 624,000 rent controlled units. Prior to his order, the annual cap on rent increases for these units sat at 4%, a figure based on the rate of inflation.
The California Apartment Association agrees that landlords should not be… Read More
Tagged: News Los Angeles
The COVID-19 pandemic has thrust our community into unknown territory.
We recognize this is a frightening time and that many in our community have faced both health and economic impacts. We are here to try to help.
This includes the preparation of a sample letter to residents, in both English and Spanish, concerning rental payments during the COVID-19 outbreak.
Tagged: News
California Apartment Association’s Safe at Home Guidelines
The COVID-19 pandemic has brought frightening and uncertain times, leaving many Californians with health challenges and economic difficulties. The California Apartment Association urges rental housing providers to act with compassion and work with residents who face COVID-19 related hardships.
The last thing Californians need when they are struggling to maintain stability is to lose the safe place they call home. In this time of crisis, CAA members offer stability as they provide safe homes to millions of Californians sheltering in place.
To ensure this stability, CAA calls upon every California rental housing provider… Read More
Tagged: News
Gov. Gavin Newsom on Wednesday announced that most major banks will provide mortgage relief to property owners, a development that also will benefit independent rental owners experiencing financial hardships due to COVID-19.
Gov. Gavin Newsom
“Two-hundred state charter banks and credit unions have committed to the state of California that they will provide forbearance on foreclosures and on mortgage payments,” Newsom said during a news conference Wednesday, adding “And I’m very pleased that Wells Fargo, US Bank, Citi, and JPMorgan Chase, have all agreed to 90 day waiver of payments for those that have been impacted by COVID-19.”
The governor’s… Read More
Tagged: COVID-19
With COVID-19 having prompted a “shelter in place” order statewide, many
Californians are staying at home, doing what they can to protect their own
health and the health of others.
This period of isolation has brought anxiety, loneliness and
boredom. But if you work in property management, why not make the most of the
extra time to catch up on some career-building education?
Here at the California Apartment Association, we know the pandemic has created financial stress. To help, we’re offering a half-off discount on all our educational and compliance offerings. To take advantage of this offer, just type “AtHome”… Read More
Tagged: News
In response to COVID-19-related financial hardships, the federal
government is offering a reprieve on foreclosures for qualifying owners of
single-family and multifamily properties.
The U.S. Department of Housing and Urban Development announced
that it will be halting all evictions and foreclosures until May 1 due to the
coronavirus pandemic.
This moratorium on evictions and foreclosures applies
specifically to single-family homes with mortgages insured by the Federal
Housing Administration, a HUD agency that backs affordable home loans issued
through private firms. According to HUD, this relief will apply to about 8
million units. For more information, see HUD’s
press release on… Read More
Tagged: COVID-19