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Rental property must be prepared for leasing before the first applicant arrives. Learn how to prepare a property for market, including understanding the responsibilities of the property manager, setting competitive rents and advertising, perfecting curb appeal, fair housing as it relates to marketing, setting market rate rents, calculating revenue formulas and more. This class is a part of the larger 9-class property management series (dates/ prices below), but can also be taken individually Individual Course Price: $89 member, $119 non-member Full Series Price: $699 member, $999 non-member Cancellation Policy: 5 business days in advance for Full CCRM Series tuition refund… Read More

Tagged: Tri-County

This year’s statewide rent-cap bill, including a series of amendments secured by CAA, has cleared both houses of the California Legislature and now awaits Gov. Gavin Newsom’s signature. The Assembly, which needed to review amendments to the bill, approved the legislation last month on a 48-26 vote with five abstentions. The bill passed off the Senate floor on a 25-10 vote with five abstentions. AB 1482 by Assemblyman David Chiu, D-San Francisco, will cap annual rent increases at 5% plus the rate of inflation — which comes to about 8% at present — for much of the state’s multifamily housing… Read More

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Registration is Closed! No On-Site Registration!   The City of Sacramento adopted a new rent control ordinance effective September 12, 2019. The new ordinance limits rent increases, places “just cause” restrictions on tenancy terminations, requires payment of a new annual per unit fee, and establishes a rent registry with data that must be provided by property owners. This seminar will explain how to comply with the new ordinance that only affects multifamily properties (2 or more units) within the Sacramento city limits and built before February 1995. This seminar will explain: What is the cap on rent increases? How is… Read More

Tagged: Sacramento Valley

Over the objections of CAA, Los Angeles County supervisors Tuesday voted unanimously to draft a permanent rent control ordinance for the county’s unincorporated areas. The ordinance is expected to limit annual rent increases based on the rate of inflation, which is now about 3%. Supervisors instructed staff to return with the ordinance by Nov. 12.

Tagged: Los Angeles

The California Legislature this week passed a bill that would make it illegal to reject a prospective tenant solely based on the applicant’s use of a Section 8 federal housing voucher.    The legislation now heads to the governor’s desk. On Wednesday, the state Senate approved amendments to SB 329 on a 25-12 vote with three abstentions. The day before, it passed off the the Assembly floor on a 46-21 vote with 12 abstentions. Sen. Holly Mitchell The author of the bill, Sen. Holly Mitchell, D-Los Angeles, has said her bill would simply ban blanket policies against taking Section 8 applicants — including “No… Read More

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A bill that would cap annual rent increases for much of California’s multifamily housing stock now includes significant amendments secured by the California Apartment Association.   The amendments to AB 1482, among other things, would prevent local governments from making the bill’s rent cap any more restrictive. Moreover, the revisions would improve the legislation’s vacancy decontrol and “just cause” for eviction provisions, while shielding new buildings from the cap for five additional years.    The changes follow weeks of around-the-clock negotiations with the office of Gov. Gavin Newsom and Senate Pro Tem Toni Atkins and were announced last week after the bill advanced from the Senate Appropriations Committee. The bill, AB 1482 by Assemblyman David Chiu, D-San Francisco,… Read More

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A law that took effect Sunday, Sept. 1, has given tenants in California extra time to respond to most three-day eviction notices. Under the legislation, weekends and court holidays will no longer count toward the three-day notice period and the five-day period for responding to an unlawful-detainer summons and complaint. For example, under the new law, the deadline to pay rent for a three-day notice served given on a Friday wouldn’t be due until Wednesday— two days later than the current Monday deadline. Previously, weekends and court holidays could count toward these notice periods, although a notice could not expire… Read More

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The California Apartment Association’s offices will be closed Monday, Sept. 2, in observance of Labor Day. Normal operating hours will resume Tuesday, Sept 3.

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Los Angeles County supervisors will vote on Tuesday whether to proceed with a permanent rent control ordinance for the county’s unincorporated areas. A yes vote on this motion would direct county staff to develop a rent control ordinance that includes: Rent increases based on the consumer price index Eviction controls and “just cause” requirements Relocation assistance in certain circumstances Creation of a rent registry County staffers have been reviewing permanent rent control regulations, rental-registry requirements and eviction-control measures since last year.

Tagged: Los Angeles

The California Apartment Association will hold a seminar next month to help Sacramento property owners comply with the city’s newly approved rent control ordinance. The seminar will be held from 2 p.m. to 4 p.m. Wednesday, Sept. 11, at the Mack Powell Event Center 2003 Howe Ave., Sacramento.  Learn more

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