New 2024 housing laws impacting California tenants and landlords | Here's what you need to know
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- Опубликовано: 31 дек 2023
- Moving into a new apartment in California may now be more affordable for many renters.
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Eviction takes 3 months, if they appeal 6 month; 99% of eviction cases they trash the house. Why not interview a landlord?
You lucky dog, I am at 14 months and the guy is trashing the place.
@warrenwhitmore7472 that sucks. They need to have government programs that compensate a landlord. My neighbor had non paying renters that caused over $25,000 in home damages. He provided a home for someone and now he is out all that money. The plus side once fixed it will be rented at a higher price. He going rent in our area is $3,7000 and above.
@@kosmiccandieBut, why rent it again? This person loves pains
Almost as devastating as the landlords not getting paid their rent when tenants don’t want to pay…
Who created the loss to landlords. Decisions made by trump!
Intelligent landlords sue for eviction and go to small claims court when they're not paid. Dumb bunnies who don't budget for such possibilities wind up "devastated." That's the cost of any old dingbat deciding that the only work a landlord need do is cash the rent checks.
And have to fix things. I work with people who work OT and saved when they were younger to get these places. After 2020 they started working OT again whenever it is available just to keep paying for the people in the apartments or houses not paying. I have been evicted before because I didn't understand the extra days I need to pay for when moving out of my landlord place. It would not have gone that far but I didn't communicate with him. LoL... As we were talking outside of the court. As he told me he thought I was just being mean. I told him no I was just trying to make sure the place was clean the way you gave it to me. I feel stupid for not calling the man. He felt bad that it went so far. Because I always paid a few weeks in advance. None the less he did rent to me again because I was always on time and only asked to fix big things and not things like battery for alarm. He did look back at my file I did pay money back which he cut down to lawyer fees and the 4 days. It's when I learned to just try to talk to a person. But I'm not a fked up person and he was either it's just that other people have been really bad. There were a few in my new apartment . This is how I found out how people are with him. He was like I wish everyone was like you.
@@nancymcmonarchexcept landlords can’t recover money from people who are poor. Most of the time you’re not getting the money even if you win small claims court.
@@nancymcmonarch You don't sound very smart. Suing in small claims court DOES NOT gurantee that the tenant will pay up. I hope you understand that!
How about the state reduce the property taxes on all housing??????? 😮
Because that would improve things and make housing more affordable. The ridiculous property taxes and my tenants are always shocked what it actually costs because they are led to believe we are pocketing all that rent, simply blows my mind all the time.
California is doing "free" health insurance to certain groups. I ask how about "free" home owners insurance, auto insurance, and earthquake insurance.
that's sacrosanct, no way in hell do taxes go down -- gotta support that tax $$ machine known as PERS...
rent should be according to income and match the renters needs especially for those starting all over again. what happened to 675 or 775 rent for two bed room and studio. we need to bring this back into all communities of California.
@@000.yellow how about this. You save your entire life to buy either a house or apt building. You do this as an investment for your retirement some years down the road. You start renting these properties to help pay the mortgage, insurance, water and taxes. But then a renter moves in and won’t pay anymore. Then perhaps another does the same. Do you think that as adults the owner should let these adults live off their hard work of saving their own money to buy the property? It’s nonsense because they’ll lose the property and their investment! It’s not easy being a landlord and if you don’t like paying rent, buy your own property!
Problem aren't landlords its government policies that make building new housing or bringing new rentals on the market prohibitively expensive. These new laws will only compound the problem for both renters and landlords.
Exactly. San Diego and Tijuana are great examples of this. There are far fewer regulations in Mexico driving up costs and driving down housing supply. California has statewide rent control yet thousands of American citizens commute daily from Mexico due to much more affordable housing. And thousands of Californians have moved from California with rent control and tenant-favorable laws to Texas without rent control because the houses are much more affordable in Texas.
the problem is half of the country does not belong here, anyone since 1965 is an illegal. our population naturally grows and develops slow, this inflow of foreigners has thrown a wrench in our society entirely as we cannot keep up with such growth.
so you want us to become a cancerous favella like mexico? no thanks, inhibited growth is more stable in the long term, who will feed and educate and medicate all the newcomers? taxes would have to rise or services strained massively to the point of collapse as is happening in the healthcare system now.@@mwatercress
indeed, the challenge is to get 'tenants' on the side of the property owner who's doing all within their power to bring on more and more rentals -- it 'is' the insidious government class who are the true bad guys in the rental world... @@mwatercress
@@mwatercress When WWII rent control was lifted, only New York City kept it. They quickly became a slum. I don't believe in tearing down housing that someone would prefer to live in than under a bridge or in a tent on the sidewalk. Rent it to them. But if you tear it down, replace it so people can move up and leave behind a vacancy that someone will want. This is how you continuously refresh a wide range of rental options and have housing for students and people making a new start.
Amazing when tenant moves out with a 2k deposit and it costs 4k to 6k to rehab.
I swear these two anchors tried to out latina each other when they said their names 🤣
As a Latina....yes, I noticed that, too. lol
@@michelleadams5609 lol so dam funny
Yeah, America is no longer America. America has no good future.
I NOTICED THAT TOO LOL 🤣🤣🤣🤣
Must be a contest
They should be passing laws that support the landlords- when people don’t pay the rent.
Exactly
I think it would be better to pass laws to make it easier for more people to be able to buy houses. More people should be homeowners not renters.
They already have in that everything is already prepaid for when you comprehend who funded the government for the bailout in 1933 with HJR 192. Who gave them that gold and in turn becomes the phrase "backed by the full faith and credit of the United States" said by banks everywhere? I'll wait..
@Rose-Rose-11 The problem is how do you do that
@@The-Oneness11most people who live here in California cannot afford to buy a house here in California because of the high cost of living and plus most people who live here in California are on a fixed income cannot afford to buy hous here in California
Everything these lawmakers do is only going to make it more expensive and harder to find rentals.
Better pass a law against squatters
wait till the illegal immigrants start squatting.
@@KB-ke3fiyour comment aged so well that it’s not funny
Limiting security deposits instead of allowing landlords to decide what they’re willing to risk, means that landlords who were willing to give tenants with bad credit or who have seasonal work and variable income can’t do it anymore. Before, a tenant could show an ability to save and a commitment of higher deposit. Now the landlord can no longer justify renting to them. I’m already at the point of not wanting to be a landlord because it’s too dangerous that I could lose my entire investment to the lender. Why do they keep punishing the landlords who were willing to take pets, willing to welcome children, willing to let the tenants pay late, slow to raise rents when insurance costs go up, and now they can’t ever have the ability to recover what they sacrificed?
Mom & Pop landlords are giving up in California leaving all tenants with no choice but to compete with other tenants for a one-size-fits-all deal and no way for the more humane way of allowing many different negotiable ways that tenants had to find the right deal for them.
No more renting to a neighbor’s friend at half rent until he starts his job next summer, if there’s a prohibition on rent increases.
I’m sick of the popular kids in the legislature playing with people like they were dolls. Landlords and tenants are adults who have an inalienable right to negotiate what they want.
yeah well, that's like suggesting doing away with attornies and permitting 'adults' to resolve their differences; the US with 4% of the planet's population has over 'two-thirds' of the planet's lawyers -- and you can bet the vast majority of those snakes are bona fide leftists...
Bingo; I'm sure they will come up with a way to make credit score/eviction record illegal.
In California, especially in densely populated cities such as Los Angeles have a huge homeless problem. And instead of taking accountability, they are trying to put the onus on landlords much as they can. Until homelessness starts to decrease, we will continue to see such laws.
Not to mention the high property tax imposed on landlords. God, have mercy!
If you want to sell a property, please let me know
When BlackRock drives all the small landlords out of the market, the market will belong to BlackRock. I honestly can't blame BlackRock for taking advantage of the abject economic ignorance of the great mass of tenants who think these laws help tenants. These laws help BlackRock, that's why these laws are being passed. The politicians know where their bread is buttered.
Black Rock is not buying right now. But I get your point. When mom ans pops cannot afford it anymore, they sell to institutional investors, who have strict rules. They don't rent to dead beats or people down on their luck.
@@sblijheid I'm waiting to hear Black Rock and Van Guard announce they're merging and renaming the company "Blackguard," pronounced, "Blaggerd."
I think the devastation to the economy could be such that 90% of us will be homeless. The lucky ones will be squatters in the abandoned houses that nobody can afford. People will take out mortgages to buy tents for $250,000 or even more here in California where I am.
@@sblijheid Black Rock is laying off 3% of their employees announced today.
I wouldn't blame tenants. Even tenants recognize that property tax is too high and more buildings need to be built, most of us recognize those things.
Laws like this are really pushed by the politicians who come up with ways to act like what they do is for us, when really it's not the answer and not what most of us have been asking for.
Everything now is being orchestrated to drive tenants homeless and small landlords out of business, so they can be the next wave of homeless too.
@@MissLibertarian It's BlackRock. They are liquidating. Having a difficult time.
What about landlord rights? … destroying the property, no payments in months, too many people in property, subletting? … 🤦🏻♂️
gonna have to find relief via SC decisions that will swat down onerous laws/policies on landlords and their retirement income; sadly the same BS can not -- yet -- hit PERS
recipients -- the true bad guys in the game of why there are costly rents...
There are landlord rights. Give a notice of unlawful entry, see the damage, give a 3 Day notice to Quit. It's not that hard.
@@michelleadams5609 It is not that easy. Deadbeat tenants get free legal representation, while landlords hire their own lawyer and shoulder court cost, and they're not cheap. Then there's mediation before actual court appearance. Tenants usually bargain for more rent-free days while they look for another apartment, plus they ask landlord to cover moving expenses. Some even want their deposit back.
I'm not complaining. Just happy my deadbeat tenant is out.
@@marietta1335 I'm a good tenant and have also been assisting renters and landlords for over 14 years. Legal representation is not guaranteed. Where do you see attorneys being provided?
Having an attorney is part of being a landlord. It's the difference between being a real estate owner who wants someone to "pay the rent" and being a landlord. I own a bakery, but if I want to hire more help, I'm going to need to get the assistance of my attorney because I have to follow the laws. It's part of having a business.
No, they are not cheap. There's mediation any time, but it's a pre-requisite before a trial.
Yes, they do indeed bargain for more days, but say "no" and move on. You need a better attorney, it sounds.
Asking the landlord to cover moving expenses is only required under an RSO, or a no fault eviction under AB1482.
The tenant is broke. Offer them money to move out, cash for keys is always cheaper than eviction.
***What I usually see are bad landlords that harass good tenants because "deadbeat tenants" don't seek legal representation. They usually hide and cower. I don't help those types.
@@marietta1335 Btw, I said a 3 Day Notice to Quit. That's a very quick process. It's an incurable notice because the OP described "destroying the property", not in your scenario where the tenants were just disagreeable.
I will never allow anyone to stay in my home except for two family members that I absolutely trust. And that will only be for a visit. I would never be a landlord in a blue state either. The government is too happy to give your property away after they’ve extorted as much as possible.
This has a negative impact on problem tenants. If you have a new job, bad credit, etc you won’t get the house because there are better tenants with less risk. Talking larger deposits allow landlords to take a risk knowing there is added deposit if the tenants stop paying rent. Very short sighted of government
I have a home I would love to rent but won't only because of the laws in California. If I have to pay my mortgage my tenant should have to pay thier rent.
Good call. Not everyone is cut out to be a landlord, and it's a lot more work and responsibility than just sitting back and collecting those rent checks.
Don't do it. If you're in a university town, better to rent to overseas students, they're rich & safer.
Same here thought of investing and the rent would the mortgage but imagine if the renters don’t pay what is my fault . I can’t afford to pay mortgage . What happens in that case . Do they want me to sell all my primary house to keep the renter who has no responbikity ? Or is piece of shit to stay at someone’s property for free
@@nancymcmonarch It is not just sitting back and collecting rent checks. We provide a service. We maintain the home and keep it safe and comfortable to live in. We answer every call from our tenants.
This will become a problem later, now landlords are going to require as much paperwork from tenants than buying a house to make sure they are good tenants, not to mention the third party services that vet out fake documents, it's going to be really hard to rent an apartment now
including mandating 'renters' insurance, no not the liability currently mandated but insurance pretty much the same as auto insurance which will include arrears rent and of course all damages. Sadly 'good quality' tenants will also have to pony up a monthly cost akin to the cost of auto insurance which is going to spike rents -- all as a result of insidious leftist
lawmakers who'll stop at nothing to ensure their 'hate' of landlords spreads to tenants...
That's very true. There are some more laws that regulate tenant screening, but landlords need to go back to meeting your prospective tenants, interviewing previous landlords, and not leaving it to a third party.
Then stop voting Blue
@@knerduno5942 This is state legislation enacted in 2019. Tell me where I was supposed to vote on this?
A Republican at the voting booth . As I said stop voting Blue so they can't screw you!
So let me get this right …we work our fingers to the bone, finally end up purchasing a place and being a landlord, and they tell us how much we can charge and then tell us how long we have to live there in order to reclaim it as our own? What’s wrong with this picture?
Landlords will raise rents to make up for the deposit lost. Our politicians are not very bright and often create the real problems.
And the will stay empty
@@kepop98they don’t care if it stays empty because it’s already paid off and they pay basically pennies on the place every month. We need a vacancy tax.
I agree.
@@trashpageant7861 I disagree they do care. I’m in a luxury apartment now and they’ve had to lower the rent because 980 units are vacant
@@kepop98 THAT'S A GREAT THING
Lower the cost of rent and stop giving squatters rights!!!
if they lower property taxes then the owners would be able to lower rent. a lot of landlords are not making much profit because of high taxes and needing to have a safety fund for emergency repairs. taxes are high because of free services given out to people have to be paid by somebody.
@@jr1252 The landlord can sell the property, wash it out and get property from states where the taxes more bearable?
One months rent towards a years worth of damage.
If there's more damage than you assess it at moveout and charge them accordingly.
I'm convinced the real purpose of these laws is to eliminate private owner-landlords. The big corporate landlords can afford to absorb the losses when a tenant trashes a place well beyond the security deposit and they're not going to move into their own properties either. Once there are very few or no private party landlords, the big corporations can charge whatever they want without competition. I have no doubt those corporations are contributing very generously to the politicians and are probably even writing the bills for them. The politicians get paid, spin the laws to be "good for tenants", and in the long run (after everyone forgot who passed the laws and/or they've moved on to other offices) it's the tenants who are hurting with way higher rent.
Stop letting people squat and the landlords wont need the high security deposit. Dopes.
I had a tenant in Los Angeles do more than $50 THOUSAND DOLLARS damage to my rental house and skip out on 4 months rent. I didn’t recover a penny. I sold the house and never had a rental in California again. Now I own a rental management company in Idaho now and have never had a tenant destroy a property. During covid, every single renter I had kept current with the rent. People have more morals here in Idaho.
Idaho mostly American. California mostly Mexican or Latin Americans. Different people
same prob but in nevada and portland. ew portland never again
Hello Lisa 🌹
Good day how are you doing ?
@@onfireepicman I have been in Idaho for 20 years and am a conservative. Without PEOPLE LIKE ME bringing JOBS to Idaho, you would have widespread unemployment and poverty. Without people like me, if you couldn’t afford to BUY a house, you would be homeless or live in a government housing project.
@@onfireepicman P.S. My late husband was well known and very much loved and respected in North Idaho. He put a crooked builder who was ripping people off out of business. I would say that the people up here are happy that we moved up here. When my husband was buried (no funeral because he didn’t want one), it was shocking how many people showed up to pay their respects.
But just to qualify for apt in ca, you must make 3 months x the rent, ( $ 2400 x 3 , a month, who makes that???!!
California has the most laws to reduce homelessness yet they have the highest homeless population. Why?
"We're from the government and we're here to help."
Trust noone
Ive not seen nor have heard of someone being asked to put 7,000 dollars down unless your moving into an apartment that costs $3,500 a month.which are luxury apartments and or preferred areas,which nothing shown seems to be any of these types shown so i doubt her statement.
Why the need to repeat the same stupid comment? Get a grip and put the bottle down.
Blahblahblahblah...YOU put down the bottle You🤡!@@blahblahblah6499
Requiring a property owner to move in within 90 days might not be enough time, if they have to make substantial repairs, after a renter moves out to make the home habitable again so they can live there.
If the owner needs his home back to live in....believe me it can be done in a day.
But some owners need their homes back for their kids, maybe the parents are separating and one needs to move to the rental, there's so many reasons. He'll, if their primary home went through foreclosure....you think they're going to fix up the rental for their own taste then move in? Nope...they're going to bring in a mattress and fix as the days go by.
Also... court might fight... if it was habitual for your tenants, it is habitual for you😂
@@kimberlymartin459I don’t understand this law. It’s discouraging for landlords . If I want to invest and rely on rent to oh my mortgage what will I have to do. How is this going to be my fault if the renter does not pay. So I work hard and sacrifice things in life to buy investment property and if person I rent suddenly decides to go crazy or whatever reason can’t pay why should I be liable for that . How come givt does not take this responsibility or renters should have some insurance which will pay landlords in case they fail to pay .
If you want to reduce the deposit, then make it easy to sue for damages and evict tenants not paying rent. Forcing people to do a business a certain way sounds like government overreach.
Durring covid, forcing the landlords to eat the losses, was just pushing the burden onto others.
Im not a landlord, but this should be common sense.
The process for evicting a tenant who doesn't pay rent is pretty straightforward. Happens every day all across California. Best thing is to turn the whole process over to your attorney.
This is not fair at all to landlords who work hard and invest . I am not landlord either but hope to save in future and buy house and this scares me .
@@shilk4301 You don't want to be a landlord. It's nothing but headaches. Invest in the stock market, or a good retirement fund. Never buy a house you don't plan to live in yourself.
Landlords aren’t even doing basic upkeep in their buildings. They aren’t up to date with electric codes, heat in systems, or ventilation. Majority of homes and buildings have mold in the walls. Landlords refuse to replace appliances and don’t follow codes for renovations because they don’t want to pay for the repairs, damage and maintenance. They do patch up work and expect high rent and continually blame the tenants. A lot of buildings are bypassing inspection’s and overcharging tenants while telling them to be “grateful”.
Yes, and those landlords get the least amount of rent of any of their more thoughtful competing landlords. The only people willing to rent from them are those who plan to save on rent and move out ASAP, or put in their own sweat equity while locking in the lower rent, or who are currently desperate to move out of their car or the bedroom they share with 5 other people. Shop around. If the landlord you describe actually exists, see what else you can get at that same rent, and if it's vacant and available, the landlord is asking too much, but if someone lives there, they have a bargain. Real estate, owned or rented, is never free of sacrifice. Even when my great-grandparents homesteaded on land for free, they risked their lives and spent them working hard to make a home. Others seeking lower rents have longer commutes. The most important thing is to allow the market to meet our needs, not to restrict what we can do.
mostly because they cannot afford to after taxes, maintenance, fixing tenant damage , tenants not paying rent etc etc wait till everything is corporate owned which is what the state wants. wait and see how high the rents will be and new laws favoring eviction!!!
Tenants do not take care of the units and expect them to be fully updated and remodeled. Most do not pay on time and neglect the property.
That is what happens to a place when tenants refuse to pay.
The benefits of renting is you can move if you don't like where you live...If you own a mortgage you are stuck. No one can force a tenant to stay where they are not happy...that simple.
Why doesn't the State just become the landlord for these people who can't afford housing. Why do they insist on putting these burdens on private landlords?
The old Mercantilism system supported by Keynesian finance. A two-tier society, no free-thinking middle class.
New law if the landlord see you wearing gucci or jordans and pushing a lexus they will raise your rent by 100%
The more landlords won't rent anymore, therefore the tenants will have difficulty finding homes to rent.
I glad I sold my rental. California is not frendly to landlords. Anyone that landlords in California get out its going to get worse. There are better states to do business in not California.
And yet here you are watching California related news 😂 you folks that move out are all the same trying to be "cool" by whining I'm glad I moved out 😂
It’s their property and they don’t have to rent to anyone!
This is so true especially when landlords don’t return the safe deposit they always make one excuse or another it doesn’t matter how clean or good shape you leave the place they just don’t return the money.
Don't you mean when the TENANT fails to pay 4 month back Rent , don't clean, make excuses and stop saying a lie or talking point of the non deposit return cuz it is protected by law.
@@ernestgonzalez941that’s very unfortunate but as a tenant I pay rent weeks in advance clean and repair potential damages out of my own pocket my land lord loves us, but I know and understand that’s a small percentage of people who are responsible and care for others property like it was theirs.
If people didn’t trash the property and taxes where not to high, security deposits wouldn’t be so high
Did you see those shitty apartments?
@@baby8314 Who made them shitty? abusive tenants did
i have a friend in san diego her landlord raise her rent in nov 2023 then on january they raise her rent again i want to know if this is legal
affordability for renters....less profits for home owners. what is the point of being a landlord.
There is no reason to be a Landlord. They will have no choice but to sell their homes and let large corporations buy them and rent them under rental companies. No one can afford to buy so, investment companies will buy them up.
So much to protect tenants but when they default and don’t wanna move out, owners have to go through hoops to kick them out. And when they damage the property there’s no way to recoup it.
I have a friend in Seattle , her sister also in Seattle renting out the house for a couple married people . When Covid came , they abused and didn’t pay rent even both of them working . My friends “s sister got a headache about this . The renters didn’t pay for Morgan than 6 moths . My friend “s sister had to hire an attorney and she went to court and the couple had to be at court . My friend “s sister won the case
Renters abused and excused about Covid and didn’t pay . They abused and the judge were defend and protect them and always on their side . Too bad
This should not even be happening . Renters should have sole insurance incase they can’t pay so that landlords don’t have to worry about their mortgage payments in case they rely on rent, which most do
7,000 thats highway robbery
And they better get the escrow account info that the landlord charged them for a deposit. It’s a law in California for deposits to be put in escrow accounts.
Do not build nor invest in Rentals!
We do not have a housing problem! We have people living where they should not.
The only thing they are doing is making it more difficult for landlords to provide housing leading to many of the better landlords to leave the market, creating more housing shortages.
"it's insane they can ask that much legally"she says. Basically what she's saying is it's insane you can do what you want with your property.
COME ON MAN pretty soon all these rentals will DISAPPEAR as landlords find they cannot afford to fix up AFTER MANY tenants leave yes sir like high min wages getting rid of people is CHEAPER all the laws for tenants nothing for LANDLORDS so why be one
We STOPPED CONSTRUCTION of units in LA. We want the government to buy it, build and RENT. WHY NOT? for most tenants affordable means FREE.
Yes yes require every new home to have solar panels.
New homes don't need solar panels. They have great insulation and energy efficiencies. It's the old homes that have to compete for solar panels and labor that really need it and save on it. Further, putting it on a roof that is in the shade most of the day makes zero sense but it does raise the price of housing!
Look at will these naysayers. In recent years foreign investers and greedy boutique shareholder groups have bought up the apartments. Rents have skyrocketed in the last 15 or so years. And now landlords want people to make three times what they pay in rent. So a 1 bedroom going for 2 k ( not uncommon ) a person needs to make 6K a month. Most people font make that.
I'm so happy, I moved Away from Calif. 19 years ago
Then, why would you watch a newsclip about a security deposit? I grew up in a small beach community, and my family has been here for centuries. I would hate to leave, but the cost of living is coming down, so God willing, we stay for now. It's home.
As long as the government will pay for the destructions , damages, court lawsuits expenses as outcome and stress done by the tenants. In reality, Tenants damages the properties , that the 2 months security deposits are not even sufficient to cover the costs of tenants damages. Not counting all the stress, and other costs like taxes, insurances, HOA, landscaping , etc...resulting to losses instead of gains or income. so, it's not worth renting when govt don't t see the side of the landlords. Thank goodness , I sold my property due to all these problems and now, it's gotten worst.
Making 3x’s the rent ! On SSDI, no way. I can’t even find a studio for under $1500 a month, that’s my total income. Even renting a room is that price, it’s unreal. I’m stuck in Ca if I want to be close to my kids and grandkids,, I had a way to buy land I’d put up tiny homes especially for people like me, how about taking restrictions off that Ca !
Your family should be helping. You already get a handout
My parents still work at 80, overcoming diabetes and cancer 5 years ago (with the Carnivore diet). That being said. The simple truth is that your situation won't get better until you work. I work with tenants in every income bracket and I hear their tale of woe, but the bottom line is that their income is just not sufficient to cover their expenses with the price of everything going up.
When I was in grad school, I met a lot of 40, 50 year old B.A. students who were working their hearts out to get a degree because they knew how important it was to get into a career they wanted. All that to say is that if you want something, you have to work hard. And when your efforts aren't enough, like in this current economy, then you have to look around and find people that are doing what youi're doing and ask them how they do it.
My cousin is blind, he works.
My friends have autisitic and special needs kids, they work.
You're under the poverty line expecting a studio in California. You're not stuck in California. You don't have friends in your life that will tell you the truth. I wish you the best, but your attitude is keeping you where you are, not your circumstances.
Bring more illegal immigrants to move on to those apartments.
Two months rent upfront is unreasonable and greedy.
Reading these comments, it’s clear that people who own rental property view all renters as scum. Maybe get a real job yourselves and compete in the same job and housing market as those tenants. Housing should never have become a source of income. It’s a basic human need. Y’all drove up the cost of real estate and contributed to homelessness. Mom and Pop rental owners? What is that? It’s still people making a living off real estate investing instead of just holding down a job. Corporations are scooping up everything they can and virtually eliminating affordable housing. Mobile home parks are a prime example. Where will the elderly live on $1700 a month SS? Where will young families live on $15 an hour? It’s a mess and driven by greed
Investing in rental property takes more courage and much more risk than working for some corporation. The owners risk everything they have and the tenants don't really care one bit. I stick with my philosophy, "If you don't own it or work for it you don't care about it." I have seen this for years as a home repair person who had clients in the rental business. After people move out I would have to go in and remodel as they destroy everything. Kitchen cabinet doors ripped off the cabinet and thrown in the corner, holes in the walls, carpet ruined, filthy toilets and sinks, and shit everywhere. People who work hard and buy a home generally take really good care of it. People who rent it couldn't care less for the property and treat it that way.
It's the same with welfare, when you get something for nothing you have no appreciation for it. The people that bitch the most of how horrible things are, are often the people on welfare getting everything for nothing. Years ago I had a friend who was getting government assistance. This was long before vouchers. They would go to a government facility and get free food. butter, canned pork, macaroni, bread, etc. They would give us the butter saying it was not as good as the store brand, they gave us the canned meat saying it tastes like dog food, and some of the other foods they got for free. I was tickled to death to get this food and never saw anything wrong with it. People who do not work for it don't appreciate it.
@@ggeorge4144BS. When you guys are being honest you literally call it "passive income"
If you don't like the risk, get a REAL job.
You also just make the argument for why landlords shouldn't exist and everyone should own their own dwellings, you can't expect people to care for something they know is not really theirs. If landlords didn't exist, everybody would take care of their own place, PROBLEM SOLVED.
@@ggeorge4144 nice defensive screed proving you believe in your superiority. Thanks for driving my point home
@@ggeorge4144 Anyone who's risking everything they have to be a landlord is too dumb to be investing in real estate.
@@catherineromero1862 unfortunately it's true some tenants are scum, they're just a step away from being squatters. I don't blame ppl who doesn't want to rent out to ppl cuz CA laws favor criminals, freeloaders, squatters, scammers & the lazy. I agree though not letting Corporations scooped up real estate!
So what HAPPENS if they don't pay there RENT and you have to FILE FOR Eviction
Make more laws and the rents go up.
leftist lawmakers have fully BS'd tenants into believing quite the opposite, sadly tenants fall for it. The true and real bad guys are 'not' landlords but leftist politicos and their beloved bureaucrats...
This laws Isn’t preventing them to be homeless, it’s preventing them to be responsible with their finances.
The deposit 😂 the rent is just too high.
But they don't want to talk about how much they are charging the landlord for property tax, water and other utilities they have to pay. Let alone have money set aside for anything that breaks down. The cheapest I see is $ 5000.00 for property tax. So they have to save at least $417 a month just to pay out of the rent they are charging. They are over charging for water for something we gave money for in taxes starting 30 yrs from what I can remember. Lights are higher to fund the new crap they want that most likely will not work. Newsom is running companies and people away.
Time for government to be the landlords and take all the risk.
The good news is that when landlords sell their places and less rentals are available, rent will get cheaper!!😂
LOL what 😅
@@niccosalonga9009 I think they were trying to showcase the libtard logic.
I took their post as sarcasm, but who knows anymore...
They will be bought by large corporations, such as black rock, and then you will be really screwed
Fewer, not less. Geez.
and Blackrock will give out free housing to people in need /s
Yeah i disagree with this law....just let the landlord decides or go somewhere else to rent! Landlords have to pay their mortgages too but when renters are late what can they do??? Eviction are no fun long process!! These law makers just want to keep their jobs!!
If landlords can't pay their mortgages when tentants' rents are late, they haven't budgeted properly to be landlords.
@@nancymcmonarchoh wow so now you blame the hard working ppl too. Failures always jealous of successful ppl coz they cannot work hard or have ability to succeed and hence blame rich ppl
@@shilk4301 Successful people pay their mortgages,
@@nancymcmonarch and what does it say of ppl who intrude the hiuse and don’t pay the rent . There are many hardworking ppl who buy house and put it on rent and depend on the rent for mortage . Is it wrong to invest now ? This is some entitled people here and whole new world of losers. Either u r delusional or a looser with nothing going on
Slowly your home will belong to anybody on the street.
It'll have the opposite effect and make things worse
Not charging you 7k to move in will make it HARDER to own a home?
@@autoklashkinov It will have more investors keeping their units vacant. Market rate rental projects in my area (Sonoma County) are being canceled and converted into single-family-owner-occupied housing projects starting at $750.000.
@@autoklashkinovAmazingly, It might just do that.
@@niccosalonga9009 explain how
@@autoklashkinov This regulation of what landlords do, in the current environment, might just make most of the landlords sell their properties or convert them to something else to pursue other businesses. These properties will not be rent-able/buy-able to the average person while being sold or converted and, if sold, will probably be taken up by wealthy people and corporations and such who may decide to renovate them or hold on to them until a better environment for landlords occurs, or in the current environment might decide to not use these as housing but convert them into something other than homes for use in other types of business.
Its not a certainty, but as I said, it might just do that.
If this occurs there will be an unnatural scarcity of homes for purchase, driving overall prices higher.
I've heard instances where a few corporations buy homes at higher prices, hold on to them, then sell them when the prices have gone way up. In the meantime, the homes are "under renovation". Then there's buying whole apartment buildings, demolishing them and turning them into offices or malls or such.
Landlords here in cali will find a way to get around it that’s the problem this high deposit situation been bad a very long time smh
OMG! Finally, tenants have some rights! Now, the landlords need to compliance!👹
Tenants have more rights than the property owner has in democrat run cities / states. If tenants didnt destroy rental properties, landlords would not require such high security deposits. Where are the laws to protect against rentals being destroyed?
More landlords will get out of the business, screen applicants further and raise rents. This will further the lack of available housing. As usual, the govt says they are here to help, but they only help line their own pockets.
Where are they? Gotta stop voting Blue
May be they want this to happen so more ppl will stop investing and corporates will own all this. I always believed in democrates but this time I had enough. Not a trump fan but May he it’s time
@@shilk4301are you finally waking up? Stop voting w your feelings. You dont need to be bff w politicians. But you should want them to be for the people and not for power and greed.
The problem with a one month deposit is that contrary to what is stated in a standard lease tenants often don’t pay the last months rent . Just ask them they will say first and last . Incorrect they paid a deposit and first months rent for possession . When they don’t pay the last months rent even though it clearly states they can’t do that in the lease landlord has no recourse and with deposit being applied to last month no deposit
Landlords should start requiring that they prepay 6 to 12 months rent in order to move in.
The average rent for a one-bedroom apartment, in all of California, is over $1600 monthly. Landlords are raking in profit by the fists full, and still crying that they won't die with enough money in their pillowcases.
"Greed" is the cure for "price gouging," and vice versa. If prices are too high they get no bids, but if they're higher than previously, more builders and investors will be attracted to the profit potential. New supply brings more "greed" from the renters for a new home at a competitive price, and they leave behind their old home to someone at a lower price. All of this is solved in time by free markets, doing what they've always done: trying to fill a need by filling the need of someone else to the satisfaction of both parties (law of supply and demand). The problems come with the use of political processes to second guess all the parties and restrict their options and driving up the costs of compliance and the time it takes to fill those needs. BTW, I can't afford to rent. I'm lucky I sacrificed my whole working career and bought real estate instead of vehicles. I drive a 1987 Honda, and its only my third car (the first was a 1963 Bug, and the second was a 1977 Honda). My goal is not to be a burden on society by providing for myself and others.
@@MissLibertarian The result of your free market is that many properties in California are being bought up by Chinese and Saudi investors, since fewer and fewer Americans can afford to compete in the bidding wars, much less pay cash.
Is the housing market a profit making venture for the business minded? or a necessity for families and the homeless?
Can someone explain to me what the new law on April 1st 2024 means??
These news clips from CA are hilarious! It looks like Beijing with all the masked-up people outdoors. More laws in CA? Who'd have guessed that? BTW - nobody asked that woman to move to CA without capitalizing the venture?
You realize that this is region specific, news show. Why bother? It's hilarious that we have an uptick of Covid and RSV and that people are voluntarily putting on masks?
@@michelleadams5609We have an uptick in colds in the winter, too. COVID is endemic. Get it and get over it. What happened to the flu?
@@tadroid3858 That wasn't my argument. I was saying, they're wearing masks, of their own volition, because of the uptick in flu, cold, RSV and whatever else? I'm in Southern California and I'm seeing the elderly wear masks. That's their prerogative. It doesn't bother me.
Newsom is intentionally trying to empty out California
Yes - every time I go to California for business I’m like, “Y’all people are weird!”
Not sure what they put in the water out there, but the thought processes of Californian’s leaves one scratching their head……🤔
Housing should be FREE AND PROVIDED BY THE GOVERNMENT OF CALIFORNIA. THAT'S WHAT IS CALLED AFFORDABLE HOUSING. BUILD
BUILD
Landlords that brake crimes and take advantage of good people are the ones who are ruining it for the good honest landlords.
Why don't landlords include in their leases a clause for periodic inspections? To look for damages that may be happening. Reading these comments where landlords are saying they are left with thousands of dollars in damages. Is there not a way to intercept that before the amount keeps accruing?
As a former landlord, the deposit restriction winds up hurting tenants who have poor credit or a brand new job. Landlords have been able to cover for that risk by requiring a larger security deposit. Now that they cannot do that, those tenants will simply be denied housing,
I would not take a chance ever again on a tenant not meeting good standards because of lower down-payment........
“They made us put $7,000 down” bro nobody made you, you said yes. Like people can convince themselves of anything 😂
You must not be living in California to say that. You’re from one of those peasant states!
You wasting your time and when you wasting your time you could have just went and mowed your grass instead of responding to this
If she said no the other option is continue to be homeless. Most people would pay millions if it meant never being homeless again
@@marcus8733 why don’t you do it for me, instead of replying to me!
@@autoklashkinov you’re telling me she went to Zillow and found only 1 apartment available for rent in all of the San Joaquin valley? Fresno, Clovis, Madera, Sanger, Selma, Visalia, Tulare, Hanford, Bakersfield all combined and that was the 1 and only apartment available for rent.
Stop raising taxes on homes, it's not going to schools and parks or anything ,Were is it going , ?????????
Who has $7000 to move in.
When tenants cannot/does not want to pay, what law ( landlord) they have that they can follow/enforced? I had suggestion, “tenants have 1 month to find a new place”.
But it is ok to charge new home buyer to pay closing cost of $20k+ not even adding thebdown payment this insane
I rented a 3 bedroom house in pasadena California and guess what? I stopped paying the rent, and that what everyone should do
It’s a two way street. If the government is putting restrictions on how the property owners secure their properties,then I feel the government needs to build affordable housing on government land. They can decide how much deposit and all the other rules they are putting on others. I do get we NEED affordable housing. Then subsidize the housing. Two months rent security is outrageous and never has been feasible or reasonable.
Without housing shortages problems like these don’t exist. No to very low deposits are commonplace even in places like Seattle. Competition amongst businesses, not government, is the best protector of the consumer. Competition amongst buyers isn’t. To many bidders means higher prices.
I never new this was a thing, i mean I've always just paid 1 months rent for deposit or sometimes even less
Well if these tenants are scrambling for a deposit then what happens when they get laid off are they gonna be able to pay the rent? And what happens to the landlord hardwork?
So, due to the new law. Tenants can request their landlord giving them back their 2nd month of security deposit that they paid before moving in ?
1:08 CAT 😮
Keep all receipts for the 46% tax capital gains they expect when the houses are sold.
I couldn't imagine myself living in California!
This is very bad news reporting from people who don't know the law. I quote "This law aim to help people access and afford places to live." There are already housing laws that provide FREE rent vouchers. It's called Section 8. The Federal Government also has an equity program for people who cannot afford to live in high end neighborhoods. This new law only hurts landlords. Prior to this law, landlords could charge up to two months of rent for non-furnished units and up to three months of rent for furnished units. This allows landlords to recover an EXTREMELY small portion of their losses when they are forced to evict. The security deposit alone does not cover attorney fees, court fees, process servers fees, cleaning costs, and the big one - costs to repair for vandalism.
Damages property repairs very expensive .thousands dollars and up.
Ain’t no way in hell they paid damn near half the deposit for a conventional home loan for an apartment in that condition
Why don’t you find a cheaper city. These are the people who can’t think into the future and can’t let go of the government!!
Expect rent to go way up now. Watch
Depends on what part of California you're in. Twitter, Google, and that crowd are laying people off in droves, so we're seeing more and more FOR RENT signs in Bay Area windows. And there they'll stay until some of these landlords get that they can no longer charge $2500 monthly for a one-bedroom walk up.
As usual, End result will be less Housing for rent.
Not with people moving out of state, and places like Google cutting tons of jobs at holiday time.
No this increases homelessness. Landlords are quitting just like they did in San Francisco. Buildings were left empty and homelessness sky rocketed. If a person can't afford to live in a certain state, they have the option to move to another state or country. The people on the streets have mental health issues or issues with illegal substances.