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.
https://www.businesswire.com/news/home/20190829005608/en/2020-CA-Rent-Control-Measure-Clears-50
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)
https://www.homerentalsla.com/single-post/2019/07/10/What-are-the-New-Rules-for-Short-Term-Rentals
Inglewood continues to pursue a permanent rent cap solution; SB50 tabled until 2020
https://www.homerentalsla.com/single-post/2019/05/23/SB50-and-other-Rent-Control-Updates
As of May 2019, landlords in West Hollywood cannot evict tenants without “just cause”
https://www.homerentalsla.com/single-post/2019/05/01/What-are-the-Rules-in-West-Hollywood
Los Angeles, Glendale, Long Beach, and Inglewood allow for tenants to withhold rent if important maintenance is needed
https://www.homerentalsla.com/single-post/2019/04/15/Los-Angeles-Rent-Control-Update
Inglewood landlords have been barred from raising rent more than 5%
https://www.homerentalsla.com/single-post/2019/03/14/Inglewood-Under-House-Arrest
