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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…

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…