Property Management News

The devastating wildfires that recently swept through parts of California — killing nearly scores of people and causing untold billions in property damage — are just part of the story for those who live in affected areas. The truth is, even though the Camp Fire in the northern part of the state is now 100% contained, the challenges for local residents are just getting started. Once the damages are tallied, there will be lives to rebuild, insurance payments to sort out and communities to re-establish. And it’s not just homeowners who have to worry; this all goes for landlords as well. Indeed, the vast majority of rental properties in the U.S. are owned by do-it-yourself...Read more >

It’s official: A cap on rent hikes in East Los Angeles and other unincorporated portions of L.A. County will take hold starting next month. Last week the Los Angeles County Board of Supervisor finalized rules temporarily capping rent hikes to 3% annually on about 50,000 older apartments in East Los Angeles and other unincorporated areas. It’s one of the first major steps as officials prepares to impose permanent rent controls and regulations across the county. It came a week after California voters shot down Proposition 10, which would have given local governments power to expand rent control. But, the temporary ordinance doesn’t apply to all rental housing and will...Read more >