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Over the past two years the California state legislature has been looking to pass bills that would help address the housing crisis. SB 9 just got one step closer on August 19th the bill passed in the appropriations committee in the State Assembly. There was only one no vote in the committee and the bill has seen strong support in both chambers...
Maintaining a property is important to keep tenants happy and helps to keep occupancy rates high. It is also required by law for a basic living standard when it comes to certain functions of the property. It is important to remain on top of these repairs because not only will it keep your tenant happy, but it will ensure they aren’t legally...
There is currently a high demand for housing combined with a shortage of supply which is pushing up the price of homes in many regions. Homes aren’t on the market for very long and many buyers are putting in offers on homes without seeing them in person just so they don’t miss out on the property. Because prices are increasing, it is important...
The California housing crisis is heating up as the pandemic comes to an end. People are returning to urban centers and rents are continuing to rise. On Thursday, in an effort to increase the supply of housing in the region, the Senate Housing Committee approved assembly bill 1401 to move forward to the next step. Now that AB 1401 is out of...
With the housing shortage in full swing, the California state legislature has sought to pass a number of bills to ease the burden on landlords and developers for building new units. California has six of the nation’s eleven most expensive rental markets in the country. One reason for the housing shortage is the way cities levy impact fees on the...
With the pandemic coming to an end, both chambers of the California legislature passed AB 832 to extend the eviction moratorium for another three months. The bill was signed by Governor Newsom who also previously set up a program for cash assistance to pay owed rent for those impacted by the pandemic. According to Newsom “California will...
Even with a housing shortage and tenants competing for housing, you can still try to maintain a high occupancy rate. The longer a tenant stays in a unit, the fewer days a year that unit sits unoccupied while it is being turned over. There are many short term and long term ways to keep your occupancy rate high. Location. Location. Location When...
Scarcity is one way rent can go up. While housing construction has slowed down all over the country, demand has only gone up. There are other ways to increase the rental value of your investment property instead of just relying on scarcity. With a few renovations and improvements, you can help your property stand out and attract the kind of...
Real estate in California is at a premium. Most of the land in the metropolitan areas and job centers have been developed. With most of the major cities along the coast, it also limits how much land can be developed east, as eventually, all housing would be too far from job centers. Parking takes up a large amount of the developed land in the...
In the last few months if you have had to do any renovations, or construction on your home or rental properties, or if you have been reading the news, you are well aware of the drastic increase in the cost of lumber. In the last year, the coast of lumber has shot up over 250 percent. If you have any plans to renovate any of your rental...
As the housing crisis in California has increased in severity, the state legislature has been introducing and passing a number of bills to relax the regulations on zoning laws and land use. One of the main focuses has been to spark small developments, or middle housing. SB 478 is a bill that was introduced in 2020 and passed the state Senate on...
What Makes a Great Tenant? Anyone with a property will know that if you want to protect your investment it is essential that you are able to find high-quality and reliable tenants. Every landlord wants to find a tenant who pays on time, keeps the property clean and tidy, and does not breach the terms of the rental agreement. However, good...
With the housing crisis in full swing, the California Senate voted with a final count of 28 to 6 to approve SB 9. SB 9 is one of many bills the state Senate and assembly have proposed in order to address the housing shortage in the state. The bill was authored by Senator Atkins and presented on December 7th 2020 and has since moved through all...
Using the services of a good property management company means that not only is your investment protected and in safe hands, but you will ultimately save time and money in the long run. Outsourcing your property management can actually add value to your investment while reducing your stress levels. Property management companies like Ziprent...
When it comes to building housing, there are a number of local and statewide regulations that restrict what type of housing as well as the number of units that can be built on a parcel of land. Zoning restrictions aren’t the only impediment when it comes to building housing. Construction of apartment buildings can often get tied up in court for...
Because of the housing shortage in California, the state legislature passed a number of laws making it easier for owners of single family homes to build accessory dwelling units on their properties. The new laws effectively allow for a total of three units to exist on each lot. The three units can be the main property, an ADU, and a junior...
What are Capital Expenditures (CapEx)? Money spent improving or adding to a property that goes beyond everyday maintenance and repairs is considered capital expenditure. Often referred to as CapEx, capital expenditures are used by investors for investment properties, business assets, and equipment. CapEx relates to expenses that are considered...
Even in a pandemic, rent all over California continued to increase. While places like San Francisco saw a decline in rent, places like Fresno and Oakland, and California as a whole saw rents rise and due to the housing shortage that exists statewide, that trend won’t be reversing anytime soon. In order to help address the housing shortage...