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Pacific Grove Property Management Dear Homeowners, As the year comes to a close, we’re excited to share updates on important processes and new services designed to enhance the experience for both you and your tenants. End-of-Year 1099 Reporting What Are 1099 Forms?Form 1099-MISC is an IRS-required document used to report payments made to individuals and…

This month, we introduce an outline of the news laws going into effect in 2025, and looming insurance crisis in California, and ballot measures that passed effective rental owners positively. As we approach 2025, several new laws and recent ballot measures in California will impact rental property management. Here’s an overview to keep you informed:…

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,…