Labor Day Roundup: Headlines for Landlords & Investors
Keeping zero vacancies throughout the year means planning 3 months ahead.
$325K signatures have been collected for the Rental Affordability Act, a statewide ballot measure that will expand rent control in California. It’s half the number needed to put it on the 2020 November election.
Culver City caps rent at 4%: Glendale, Pasadena, and Long Beach mandates relocation payments for tenants
Los Angeles residents can no longer rent out their second homes or investment properties as short-term rentals (AirBnB, Home Away)
Inglewood continues to pursue a permanent rent cap solution; SB50 tabled until 2020
As of May 2019, landlords in West Hollywood cannot evict tenants without “just cause”
Los Angeles, Glendale, Long Beach, and Inglewood allow for tenants to withhold rent if important maintenance is needed
Inglewood landlords have been barred from raising rent more than 5%