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…

Greetings Homeowners, It’s hard to believe 2023 is nearing its end. We feel we’ve had a very successful year as a company. We’ve grown at a steady pace. We’ve narrowed in on some of our long-term goals. We’ve trained a new bookkeeper. We have added staff to our company, and are strategizing ways to improve…

California legislation that limits security deposits to one month’s rent for both furnished and unfurnished units was signed into law Wednesday by Gov. Gavin Newsom. The bill, AB 12, was authored by Assemblyman Matt Haney, D-San Francisco; it passed both the Senate and the Assembly houses in September. The legislation introduces a notable shift from existing…

October 2023 Welcome to October! We tend to have some of our nicest weather of the year here on the Monterey Peninsula. Fall is also officially here, but it feels more like summer than ever! We want to discuss some various updates in the property management industry.   Relevant if you own rental property in…

SB 721, also known as the Building Safety Bill, was enacted to enhance the safety of multi-family residential buildings, such as apartment complexes. It introduced requirements for the inspection of certain building elements, with a focus on preventing accidents and injuries due to deteriorating building conditions. Key provisions of SB 721 included: It’s important to…

Happy September everyone. Fall is just around the corner, and we’re here to usher the last quarter of the year in with some news and updates related to our business and the property management industry. Come November 05, 2024 there will be a general election ballot which aims to repeal the Costa-Hawkins Rental Housing Act…

Why You Should Accept a Section 8 / Housing Authority Voucher 1. Guaranteed Rent Payments: One of the primary benefits of accepting Section 8 tenants is that the rent payments are guaranteed by the government. The Monterey County Housing Authority oversees the Section 8 program and is responsible for sending the rent portion directly to…

This month, we talk Assembly Bills, Fair Housing Laws and how we as property managers screen tenant applications. Recently in the California Senate, a bill authored by Sen. Maria Elena Durazo, D-Los Angeles, that would critically hinder your ability to effectively manage and invest in rental housing in California. Here’s how SB 567 could negatively…

Summertime is almost officially here! We hope you’re enjoying warmer weather and some summer fun. Below outlines our Newsletter topics for June of 2023. How to calculate proper rent increases for rent controlled properties subject to AB 1482 To calculate the proper CPI (Consumer Price Index) increase for your AB 1482 controlled property in California,…