October 2024 Newsletter          *No on 33 *Preparation for rainy season 1. Why We Recommend a No Vote on Prop 33 As trusted property managers, we believe it’s important to share how certain upcoming propositions may affect you as homeowners and property investors. Here’s why we recommend voting No on Prop 33: 2. Preparing Your Property…

Salinas Rent Control On September 5th The City of Salinas voted to move forward with a new rent control and tenant protection ordinance, which was developed to address rising rent prices and provide additional security for tenants. The key elements of the proposed ordinance include: This ordinance affects about one-third of the city’s rental properties,…

Rental Property Scams in California Rental property scams are a significant concern in California, affecting both renters and property managers. These scams can take various forms, including fake listings, phishing schemes, and fraudulent rental applications. Scammers often target popular rental markets, taking advantage of the high demand for housing. Common Types of Rental Scams Measures…

AB 12: Assembly Bill 12 (AB 12) in California, effective July 1, 2024, significantly changes the rules regarding security deposits for residential rentals. Here are the key points of the legislation: Sewer Billing Updates: Effective July 1, 2024, Monterey One Water initially planned to change its billing process by including the wastewater service fee as…

June 2024 Newsletter California Assembly Bill 2216: Summary for Homeowners Dear Homeowners, We are writing to inform you about a new piece of legislation, Assembly Bill 2216 (AB 2216), which impacts tenancy and the acceptance of common household pets in rental properties. This bill, introduced by Assemblymember Matt Haney, aims to address issues related to…

May 2024 Newsletter Why do we require to be listed as additionally insured on your homeowners insurance policy? Review Us! As part of our ongoing efforts to improve our communication and engagement with you, we would like to kindly request that you consider liking and following our social media pages [Facebook, Instagram, LinkedIn] to stay…

This month, we talk about how we assess rent increases, what we look for during inspections, and our strategy for pricing properties! Rent Increases We typically assess whether to implement a rent increase based on several factors, including market conditions, expenses, property improvements, and tenant retention goals. Here’s a breakdown of the key considerations: Once…

We have already been off to a great start to our year 2024! Monterey Rental Registry For those of you who own rental property in the city of Monterey, the deadline to file the properties with the city software was extended from March 01, 2024 to April 01, 2024. As of the end of February,…

February 2024 Newsletter Welcome to February! By the time you have received this newsletter, you should have already received your 1099 for 2023’s rental income collected by our agency. If there are any problems or if you have questions, please contact us directly. For our out of state owners, you should have received your form…

Throughout 2023 we noted many new laws and ordinances affecting some of your rental properties. If you refer back to our blog, you can see the outline of many of these laws. We are still educating ourselves as to the specifics of various ordinances so we can represent you and your property to the fullest…