This will benefit big companies because smaller landlords will more likely fall victim to predatory squatters. They have less in the way of discretionary funds, and will more likely be forced to sell at a loss. Guess who will buy them? This law is by design to benefit the bigger companies...
I'd be willing to put money on this law having been written in its entirety by the big investment companies. Not many people realize that plenty of laws are actually written by special interest groups and just handed to politicians (that they most likely donated to *cough*bribed*cough*) to introduce.
You are right. Just like Mulholland did when he squeezed out the Farmers. He cut off their water so he could buy their land cheap. It’s the same thing for Mom and Pop. Landlords. Insane fees. Inspections with new inspectors that don’t know what they’re doing can be very costly.
Because of this I will never not raise rent. Over the last 20 years. I rarely did raises but now I will be forced to in order to keep up with increased taxes, Insurance, Maintenance costs and crazy government interference.
I moved in to a 1 bedroom apartment for $700 a month in 2014 and our landlord only raised our one time $50 in over five years. Then he sold it to an investment realty property llc and they raised our rent from $800 to $1600! I asked them why and they said because they’re going to add wood floor laminate and new kitchen back splash to all the apartments to be considered luxury apartments so they would be justified in charging that much! So we moved and the next place raised the rent 10% every year and when we asked why they raised the rent whenever possible they said because they feared they wouldn’t be able to double the rent if the market demanded it so this way they can guarantee yearly rent increase regardless if they needed to do it. So all this cap is doing is causing landlords to automatically raise rents for fear of not being able to raise it when they need to. It basically did the opposite because now landlords will never not raise your rent. 🙁
@@jobturkey7418 I have about a year or so before the wife and I can bail from this tail spin the state is in. Looked every where from South Dakota, Indiana where the daughter is, Kentucky, Tennessee etc its tough to find the perfect LZ to land. Its unfortunate California used to be a really nice place and now its a disaster politically, regulatory, and economically.
I agree. It also pisses me off that since there is an epidemic issue with squatters; WTF the State of California created and passed a bill in the Assembly to give landolrds the right to yeet gotdamn squatters from illegally occupied dwellings. Another bill that is WAY overdue to be created and passed is the fact that there are people who literally steal property from individuals...they go to City Hall with forged ducuments stating they own the property...and STEAL IT from the legal owner. I can't believe how TF they get away with this crap. Every single county in every state should institute a way to verify if the "new ownership" is legal. Too many people have had their property stolen from them because of a lack of due diligence on the part of City Hall not giving AF whether the person coming in the file papers regarding said property is legit or not....but they expect the legal owner of said property to STILL continue paying PROPERTY TAXES.
You have to give proof of how you’re related to a family member moving in but back when people were not paying their rent during Covid they specifically called out that the tenant did not have to provide proof of their financial hardship. This state disgusts me. Thanks Gavin.
My family has land in San Diego, and wants to “develop” it into low income housing… I told them to NOT to do it because California is not landlord friendly 😢😢😢 they would have a headache!
Low income housing specially for senior citizens is such a joy to manage. I never had problems with any subsided property. What scares most landlords is the low income housing for families as dealing with families is much more intense then dealing with seniors. But both are easy to run.
@@WIREassociates Prop 13 was voted in by California voters in 1978 by nearly a 2 to one margin. Proposition 13 (or "Prop. 13") rolled back most local real estate assessments to 1975 market value levels, limited the property tax rate to 1 percent plus the rate necessary to fund local voter-approved bonded indebtedness, and limited future property tax increases to a maximum of 2% per year. A reassessment is triggered during a title transfer or new construction.
Are the Real Estate tax be controlled? Are the HOA be also prohibited to increase fees? Same for the insurance companies that are charging 3 times more money for less coverage?
Something needs to be done immediately for those of us in senior mobile home communities. I live in Valley Center in such a community, and our rents were raised as of April 1, 2024 from $955 to $1,600/month. This is insane and is causing many residents to panic. Our home values will crash just to enrich greedy grandsons of the original owner. It’s absolutely immoral, unjust and should be illegal.
Don't know your exact situation or the grandsons however current law allows them to inherit a property at the stepped up value to sell it... which they are basically being forced to do because the government has been chipping away at the prop 13 tax breaks for years... So now the Grandson must pay a whopping increase in property taxes which they must pass on to the renters or move into the property themselves to preserve the tax break... So talk to Noosem and the Democrats about that pressure for rents to increase because Property taxes are sometimes going up over 300 percent on an inherited rental property.
My understanding is that the property is in a trust that exempts from any stepped up basis. So no, you are wrong. Absolutely no one reigns terror on these residents like these leeches and their management.
That’s what happens to us, investors are buying them from private owners and doubling rents and making them fake luxury apartments. The government is allowing this to happen so that the can start agenda 2030 and build high density urban smart cities with surveillance and “sustainability” and you own nothing and be happy.
I had a tenant in Texas that I evicted for non-payment of rent and they were so angry they tore out the electric meter, which I had to replace. Yeah, there are tenants from hell lol
@@Powpow1946we already pay out of our pockets for a large portion of people who don’t know how to live as a decent human being. This is why government didn’t take and control all property a long time ago.
I am a landlord and renting one bedroom condo. When I bought it 5 years ago, the maintenance was around $500, but now it is now doubled to more than $1000. Also property tax increased. When i have to pay the maintenance, tax and insurance around $1500, i need to raise the rent....
I was born in California and just had to deal with squatters in one of side of my duplex. Unbelievable the way California laws are protecting these dirtbags. Lost like this or why California has a severe housing shortage. They will not regulate themselves into enticing more landlords to rent.
@@WIREassociates By eroding property rights and punishing landlords, California's housing problems will worsen. Now that I live out of state, I have no voice to stop the state from constantly passing more rent-control laws, further undermining both housing supply and development..
@@tr1bes If they are left minded, need to stay in CA! We didn't need that mind set in other states to run that state! We left CA bc the liberal mind set ruined CA that used to be Red!
I’ve already seen enough in my life with having rental properties in CA that I’ve already made the decision to sell all the free and clear real estate assets I am inheriting. Gonna invest it in other forms of investments.
@@Horace1993 there is huge risk when you have to jump through hoops to evict a tenant who's not paying rent and destroying your property on top of it. Get ready for a shortage of rental property and higher rent. Where do you think the increase in price from the higher risk is going to go other than to the tenants?
@Lanainvestor That's not a practical answer, not everyone can just pick up and leave. Some people have employment ties, no family in some other remote state, have medical coverage plans not available everywhere, etc. That may be a solution for some but not for all.
My mom had a double lot property in Berkeley and she was lucky enough to lease to Teachers. Since they were under contract, she only needed 5 leases to fill the mortgage.
@@home17able Berkley is really nice, dude. I have been there since SF really blew up during the pandemic. But Berkeley was heaven on Earth from the 90s to the 2010s, to be sure.
I can’t thank you enough, Christian for navigating these past 3 yrs, for us, renters. I’ve learned so much and have survived my situation, and it’s because of you. Thank you 🙏
I'm trying to help my daughter navigate the TPA and I can't tell you how much this has helped. I still want to know who the "teeth" are. I was astounded after reading the original TPA and then talking with Maya Rosas that although it says the City will enforce, they absolutely do not. Whose door and phone should we be calling to get help if one can't afford a fancy lawyer? She's a single mom trying to live and the landlord is making her life miserable and super stressful and the landlord is absolutely in violation of several sections. We need help!! Fast!! AG's office? I'll probably never get an actual person on the line😢. Suggestions are much appreciated. Signed, Worried Mom
The more protection is mandated, the less motivation landlords have, especially for smaller landlords that don't have access to legal services. Tenants equal to headaches. Those bills are the reasons landlords don't want to lease to tenants
I have a rental in California. My tenants are currently paying about 50% of the going market rate I'm one of those awful Landlords that has in over 10 years never raised their rent. When current tenants leave I probably will not rent it out again. My guess is this law will ultimately result in a reduction in affordable housing.
Good, sell all your rentals so there will be more housing available at lower prices for people to purchase their own home. How is it landlords think their rental business should be exempt from laws? ALL businesses are subject to rules, rental businesses shouldn't be any different. Landlords seems to think we're still living in a feudal system, and that because they own real property, tenants should be grateful to them for the "privilege" of paying ridiculous rents to live in them. Give me a break.
Question: we were served with a 60 day notice. The cause is because the owner now hired a lawyer to handle the owner's trust. So it seems the owner or lawyer has a just cause under 1482. But because 'no fault of ours', would we be able to receive relocation assistance? The reason given to us is because the lawyer stated that the owner is in need of 24 hr care and that the property would need to be sold. Thank you in advance. Btw. We have been a tenant in the residence since December 1997 to date.
Get rid of your exempt properties because they are coming after those in november. Its already here in some cities. Rent out your home and you'll not be able to move back in. You've given away the property after putting down huge downpayment and risked your credit to someone with a month's deposit on the line.
That's how it is in socialist Venezuela. Caracas is full of empty houses and apartments that the owners do not dare rent out since they cannot evict. Many owners escaped to Miami and just leave their Venezuela residence empty. San Francisco is similar - heard 20000 empty apartments there since the owners do not want to deal with rent control headaches.
Serious question if a landlord or HOA company has been repeatedly shown that they have multiple safety and security incidents at one of their accounts including multiple felonies and people getting hurt over the course of several years , when /are they liable for not conducting thorough background checks or adequate security and allowing through negligence their property to become more and more dangerous???
question: what if the property manager misrepresented that the property was exempt from the rent cap addendum and raised rent more than the allowable 10% and in actuality, the property was not exempt? The property in question is a SFR more than 15 years old and is owned by a stock corporation. Thanks in advance!
Tenants are still being forced to sign arbitration agreements when they renew their leases. So how will the court have any influence to protect the tenants?
Awesome, even less protections for a landlord and more protections for tenants. Landlords get less and less in the state, no wonder people are leaving, haha.
Hi, does the landlord have to provide the form/application? Landlord is going to demolish the units. I have only been told i need to move out verbally. 14yrs tenant
Biden Administration is proposing similar for all 50 states. www.whitehouse.gov/wp-content/uploads/2023/01/White-House-Blueprint-for-a-Renters-Bill-of-Rights.pdf
Whenever a law capped the maximum increase of something, increases accelerated to that cap. This can sometimes backfire, in that all competitors now implicitly have agreed upon increasing their rents at the same time. Also, when there‘s a pro-tenant law (eg. some rent control laws) that allows landlords ot increase rent when a property is vacant, the landlord, especially corporate, has an incentive to kick out the tenant.
In October 2022 all 12 tenants at the building I lived in (San Diego) received notices to vacate and the reason stated on the official notice was that the units were being taken off of the rental market and there would be a change in use of the building. We all vacated and learned a month later that new tenants were moving in at more than double the price we were paying. I approached two of the tenants and they confirmed they were new renters. I contacted at least five tenant attornies and none of them would take the case. One attorney told me if this happens again to contact him BEFORE VACATING and he would handle the matter since required paperwork has to be submitted to government offices to change the use of an apartment building and if those papers were not submitted, that would be an indication of ILLEGAL falsification on notices to vacate tenants..
@@WIREassociates And what’s almost worse is that tenant attorneys will not take the case. Seems there’s an understanding between attorneys in the Landlord - Tenant arena not to mess with each other.
Yes, condos and homes are typically exempt from AB 1482 no matter what the age as long as there isn't a corporate owner (and the exemption language is given).
@@WIREassociatesI am reading that you must still notify the tenant the rental is exempt prior to a lease (after a certain date (within the last few years) and that the tenant must be “notified in writing the property is not subject to the Tenant Protection’s Act…” Does this require a particular form?
@@RexRaven22 Not a specific form, but specific language is required: "This property is not subject to the rent limits imposed by Section 1947.12 of the Civil Code and is not subject to the just cause requirements of Section 1946.2 of the Civil Code. This property meets the requirements of Sections 1947.12(d)(5) and 1946.2(e)(8) of the Civil Code and the owner is not any of the following:"
All this rent cap crap is going to do, is force landlords to raise the rent that 10% every year, because they won't be able to get it up to market, of they let it go for 5 yrs, w/ a stable paying tenant. Smh. It's bad for everyone, all around.
Yes, instead of calling it a rent cap bill, you could say it's a rent increase bill so you don't get behind on market rents., i.e. landlords use the increase or lose the increase.
@@WIREassociatesIn wrapping my head around that succinct explanation I’m trying to understand who benefits. Would it increase the property tax rate for communities overall.. 🤔
@@mariatorres9789 hello; I agree the state is corporatizing and also the middle class is being eliminated. When you say “corporations can afford it” do you mean for instance they can afford to carry a mortgage (or pay outright) but be in the red while a private landlord in the same situation would default? And also risk losing stable tenants by being forced to increase annual rent to the max amount and face a vacancy which, even if only for a month or two, would put them further behind on their mortgage commitments? And is the thinking also that overall property values increase so that purchasing a rental property becomes more unrealistic for the average person? Please feel free correct anything I may have wrong there.
You always tell landlords to talk to a particular lawyer before doing things. I was wondering what type of lawyer a tenant would need for a buy out/cash for keys situation?
All of these tenant protection laws are kind of funny, I see what all the idiots in Sacramento must be thinking about helping tenants but in the end, in reality, it makes landlords more and more tough applying for their properties, really it makes it nearly impossible for landlords who know the laws to approve anyone unless you look absolutely grade a on paper. Sacramento is making it harder and harder for renters to actually find and qualify for rentals with all these laws. In texas, where adults are treated like adults and they're actually actually is accountability for your actions, evictions take less than a month, and in Texas I would rent to anyone based on their story about how hard life has been or if they're trying to get back up on their feet. Never in california, not if they don't have the paperwork to support it.
My ex moved back to her home state of TX after living here in CA for 10 years. She is the happiest she's ever been. Told her, "No wonder we broke up. You were cheating on me with TX. I could never make you this happy." 😂
it is why they force cities to build affordable housing units. people don't want affordable housing in 'their' neighborhoods'. everyone deserves a place to live regardless of how much they make
@@arlenefox558the fact is not everyone can afford to live where they live. That's life. If they don't have family to stay with, then what's stopping them from moving to a more affordable city? I can't wait to leave CA, but I'm only here because of family. Without them I would've left a long time ago like the 100k who left last year.
Do the contracts really mean anything anymore? If someone decides to stop paying after a month then you have to go thru an eviction process that could take up to a year and then you have to pay people to leave.
All these laws and legalities are a joke and a huge waste of time! Tenants need to pay rent abide by the rules and be asked to leave if not able to do that. Period!
Landlords need to fix things and not scam renters! My daughter found a house to rent at the beginning of 2020, it was an 900 sg ft home with a big yard and a studio attached to the garage. The advertised rent was 2700$. After my daughter moved in the landlord informed her that there will be construction going on in the back yard on the studio and the guy doing the construction will be living there! My grandchildren were 4 and 6 at the time and the pandemic was under way. She said she would have never rented the place had she known a stranger was going to be living there and she had just signed a year lease. The lady backed down. My daughter has never been late and paid all the rent during the pandemic. Last year she raised the rent to 4200$ unless she lets her “friend” live in the studio and do construction. She has caused my family so much stress! On top of that she refinanced the house and told my daughter to lie about the back studio and say it was part of the property because it’s an illegal structure!
GREAT information Christian. Thanks 4 sharing! To bad homes and condos are EXEMPT. Bummer. Those owners can charge increases as much as they feel like it. SAD for sure.😮😮😮😮😮
Do that and investors will sell to non investors and rental supply will decrease further. It will not drive down SFH purchase price as sales inventory is low in CA as well. Renters would be shooting themselves in the foot.
Not "as much as they feel like" but only as much as someone is willing to pay. Then that creates an incentive to build more housing and keep rents at appropriate levels for the economy.
My rents are going up every year for now on. No more helping people. If your late there is now a fee. After day 5 you get a 3day pay or quit. Think 1031 out of state. Good luck y’all.
@@arlenefox558 that's what I told my brother, my asthma got worse in this house, but he said he wants to spare himself the headache of court house visits
Haha nothing helps greed. I have paid my rent 3 months ahead and still have landlords try and pull underhanded tactics to squeeze more money. It's gross. I'm sure your a good landlord ,but these laws are for all the 90% of the bad ones.
When I paid my rent, my property manager Fred insulted me, harassed me and bang my door. Next month I didn’t pay anything- he stopped harassing and was nice. Go figure! Men are weird
Are you saying that if the tenant signed the addendum in the Protection Act 2019, landlords can increase the rent by whatever percentage they want? Is that right??
Apartment Managers rarely know anything. Often times they deal with people in exchange for a cheap or free apartment. Right now expenses are constantly increasing so it wouldn’t pertain to our current times.
Property taxes go up every year. If you live in a condo, HOA fees go up astronomically. Insurance also go up a lot. I know this because I own my own place.
I'm 71 years old and living in the same apt for 19 years. Would you be able to explain to me the legal aspect of renters here in Aurora, Colorado. Please help. Thank you.
It's the "stop screwing tenant act". Pretty simple. But a new unit, no laws. Pay it off in 15 years then it should generate cash easy without having to blast people's rent up ridiculous amounts each year.
Can you ask a landlord to remodel an apartment and are they required to install handicap accessories if you've been there for years and now need them? (Bath railings, walk in tub etc.)
Subletting is very difficult and risky. Don't let anyone move in without proof of income, a background check and references. Once they're in it's very difficult to get rid of them.
Do these changes apply to rent controlled buildings? Can a landlord pay a tenant one month rent in “moving assistance” and then substantially remodel the rent controlled unit and then rent it at market rate?
Thank you so much for sharing your knowledge. I have a question: my mom gave her tenet 60 day notice but she is on section 8 does she still have to give her money to move out?
Section 8 requires a 90 day notice and may require relocation assistance depending on where it is. That 60 day notice is invalid. Discuss with a local eviction attorney.
I'm tenant and I was being evicted on non payment but this is false ..I went on emergency vacation for a month and trying to pay rent on the month I was going but it's only $300 short and they refused to take the money and when I came moth later they wanted that two months rent but did make it till the first day of month then now wanted the three months rent I did came up until the fifteen and has the three month rent on hand but now they refuse to take the rent and file eviction ..I file to the court and i can't find no lawyer to take care the case now im hanging ... because of the stresses I moved out and used the money to find a place which I did already .now what should I do ??
If you've given up possession, then they should stop the unlawful detainer action. They may still try to deduct attorney fees and collect the back rent, as well. If you're on a lease, then you are rent responsible until it's rented.
Christian- So, a single family home is exempt and we can rent worry free? Can you also do a video on tenant ownership laws in CA? From what I have heard it only takes 5 yrs of tenancy in CA to stake claims on property. That’s scary.please shed some light on it. Thanks.
@WIREassociates I am, as The Financial Logitician. Haven't posted in a while, was having trouble uploading. Been sticking to YT for my video updates. Channel has been growing too
I had tenants residing in my house who unexpectedly terminated their one-year lease midway through the year. It took us 2.5 months to secure a new tenant. The previous tenants therefore owe me approximately $10,000, but I'm skeptical about their repayment (He moved out of the country). Can I account for this $10,000 loss when I file my tax return? If so, where I should put in that loss.
If you paid for and owned a house yourself, leased it out and said I'm done dealing with this, I want it back for my family would you agree to be told no?
Greed.. lots of greed, I know of someone who committed suicide in the house, as the sheriffs arrived to evict them. Death over homelessness😢 Sad but I can understand that choice🙏🏽😞😢
There should be rent freezes US wide!!!!this is still crimminal. The fact that NO ONE can afford rent and everyones being forced to live in their cars is crimminal.
Hi, thank you for explanation. My question is can i evict a month to month tenant if they have only lived in unit less than 6 months? No just cause. Thanks
I understand your point. The increases are capped at 10% and usually lower...before the high inflation, the annual increases were 7%-8%. Some areas are far less...LA City RSO properties allowed a 4% increase after about 4 years of no increase.
As a landlord, why don't you limit what plumbers charge. Only the land lords are getting picked on. Not the insurance companies Not the plumbers Not the electricians.
![Natanael Cano - Amor Eterno [Official Video]](http://i.ytimg.com/vi/EO4prCs6WpM/mqdefault.jpg)
This will benefit big companies because smaller landlords will more likely fall victim to predatory squatters. They have less in the way of discretionary funds, and will more likely be forced to sell at a loss.
Guess who will buy them?
This law is by design to benefit the bigger companies...
I'd be willing to put money on this law having been written in its entirety by the big investment companies. Not many people realize that plenty of laws are actually written by special interest groups and just handed to politicians (that they most likely donated to *cough*bribed*cough*) to introduce.
@@Tangent360
I agree. We need to investigate these people that write for politicians. This needs to become full disclosure...
bingo!!!!!!!!!!!!!!!!!!!!!!!!!
Black rock, Zillow are buying up properties…
Own nothing and be happy
You are right. Just like Mulholland did when he squeezed out the Farmers. He cut off their water so he could buy their land cheap. It’s the same thing for Mom and Pop. Landlords. Insane fees. Inspections with new inspectors that don’t know what they’re doing can be very costly.
Because of this I will never not raise rent. Over the last 20 years.
I rarely did raises but now I will be forced to in order to keep up with increased taxes, Insurance, Maintenance costs and crazy government interference.
I moved in to a 1 bedroom apartment for $700 a month in 2014 and our landlord only raised our one time $50 in over five years. Then he sold it to an investment realty property llc and they raised our rent from $800 to $1600! I asked them why and they said because they’re going to add wood floor laminate and new kitchen back splash to all the apartments to be considered luxury apartments so they would be justified in charging that much! So we moved and the next place raised the rent 10% every year and when we asked why they raised the rent whenever possible they said because they feared they wouldn’t be able to double the rent if the market demanded it so this way they can guarantee yearly rent increase regardless if they needed to do it. So all this cap is doing is causing landlords to automatically raise rents for fear of not being able to raise it when they need to. It basically did the opposite because now landlords will never not raise your rent. 🙁
Yep. That's been my experience.
I'm sure their taxes and high insurance plus handyman prices.. were a factor... even the gardener raises prices
Everything the government does makes it worse. Best odds in the house.
"raising rent" to just do it because they can is called 'price gouging '.
@@WillyB-bg5rm exactly and the prices aren’t going down just up every year, every single year
Sounds like the homeless should occupy the governors mansion and use these crazy laws to stay.
😆
Start signing up for junk mail in the names of serial squatters at the home addresses of problematic legislators and advocates.
@@mwatercress great idea. The names alone would be funny. Homey Less, Ima Grinch, Sassy Squatter, Fran Dissen, 😂
@@StarwaterCWS Elizabeth Hirschhorn, Garrett Doty, Jamison Bachman.....
@@mwatercress LOL!!!
Thank gawd I sold my rental properties in California and got my family and business out 16 years ago!
Exactly, so glad we left, California is doomed.
@@LJSiarwe left California in 2016 for Florida. Less government intrusion, Quality of life is so much better
Where’d you go to?
Still holdin out here in California in the repub strongholds
Still making millions... 🤣
@@jobturkey7418 I have about a year or so before the wife and I can bail from this tail spin the state is in. Looked every where from South Dakota, Indiana where the daughter is, Kentucky, Tennessee etc its tough to find the perfect LZ to land. Its unfortunate California used to be a really nice place and now its a disaster politically, regulatory, and economically.
California needs to pass the property rights act for landlords
True!!!
I agree. It also pisses me off that since there is an epidemic issue with squatters; WTF the State of California created and passed a bill in the Assembly to give landolrds the right to yeet gotdamn squatters from illegally occupied dwellings.
Another bill that is WAY overdue to be created and passed is the fact that there are people who literally steal property from individuals...they go to City Hall with forged ducuments stating they own the property...and STEAL IT from the legal owner. I can't believe how TF they get away with this crap. Every single county in every state should institute a way to verify if the "new ownership" is legal. Too many people have had their property stolen from them because of a lack of due diligence on the part of City Hall not giving AF whether the person coming in the file papers regarding said property is legit or not....but they expect the legal owner of said property to STILL continue paying PROPERTY TAXES.
That would only happen in Florida (Red State) once I retire I'm heading that way...
California is completely doomed, no hope. RUN!
Most definitely! Getting harder for landlords to operate in California.
You have to give proof of how you’re related to a family member moving in but back when people were not paying their rent during Covid they specifically called out that the tenant did not have to provide proof of their financial hardship. This state disgusts me. Thanks Gavin.
can you start listing the names of the people passing these bills and laws?
California the only name you need to know, DEMOCRAT!
Get rid of your governor!
Democrats
My family has land in San Diego, and wants to “develop” it into low income housing… I told them to NOT to do it because California is not landlord friendly 😢😢😢 they would have a headache!
Actually low income housing, if done correctly, could be exempt from these regulations.
@@WIREassociatesof course.
Darth Newsom: I have altered the deal. Pray I do not alter it further! LOL@@WIREassociates
Low income housing specially for senior citizens is such a joy to manage. I never had problems with any subsided property. What scares most landlords is the low income housing for families as dealing with families is much more intense then dealing with seniors. But both are easy to run.
@@lilcricket4379 I laughed! So true right! Reading these comments is driving me crazy.
Tell me is there a cap for property taxes? Because as a landlord, you are in the red and can’t get more money to pay those taxes.
There is. Prop 13 caps annual property tax increases to 2% or less.
@@WIREassociates A permit can trigger a reassessment and they can raise it much more than 2%. Same with any sale.
@@WIREassociates Prop 13 was voted in by California voters in 1978 by nearly a 2 to one margin. Proposition 13 (or "Prop. 13") rolled back most local real estate assessments to 1975 market value levels, limited the property tax rate to 1 percent plus the rate necessary to fund local voter-approved bonded indebtedness, and limited future property tax increases to a maximum of 2% per year. A reassessment is triggered during a title transfer or new construction.
SELL SELL SELL. California is DOOMED.
Property Tax is legalized theft.
I really appreciate the lack of bias and editorial opinion here. Just laying out the important changes - great reporting.
Thanks for watching and noticing!
Are the Real Estate tax be controlled? Are the HOA be also prohibited to increase fees? Same for the insurance companies that are charging 3 times more money for less coverage?
I guess you never heard of Prop 13? Aka massive tax break for landlords at the expense of school funding?
Something needs to be done immediately for those of us in senior mobile home communities. I live in Valley Center in such a community, and our rents were raised as of April 1, 2024 from $955 to $1,600/month. This is insane and is causing many residents to panic. Our home values will crash just to enrich greedy grandsons of the original owner. It’s absolutely immoral, unjust and should be illegal.
Don't know your exact situation or the grandsons however current law allows them to inherit a property at the stepped up value to sell it... which they are basically being forced to do because the government has been chipping away at the prop 13 tax breaks for years... So now the Grandson must pay a whopping increase in property taxes which they must pass on to the renters or move into the property themselves to preserve the tax break... So talk to Noosem and the Democrats about that pressure for rents to increase because Property taxes are sometimes going up over 300 percent on an inherited rental property.
Taxes are not the only thing going up, so is insurance. Unfortunately, this gets passed onto the renter.
My understanding is that the property is in a trust that exempts from any stepped up basis. So no, you are wrong. Absolutely no one reigns terror on these residents like these leeches and their management.
Wow. That's a $700 gain. More than half of the original rent. Go get a lawyer.
That’s what happens to us, investors are buying them from private owners and doubling rents and making them fake luxury apartments. The government is allowing this to happen so that the can start agenda 2030 and build high density urban smart cities with surveillance and “sustainability” and you own nothing and be happy.
California needs to pass the landlord protection acts
For every bunch of great tenants, there are also horror tenant stories (I have witnessed a few trashed sites ).
I had a tenant in Texas that I evicted for non-payment of rent and they were so angry they tore out the electric meter, which I had to replace. Yeah, there are tenants from hell lol
They should raise the property taxes if you are a landlord.
@@Powpow1946Completely unjustified.
@@Powpow1946we already pay out of our pockets for a large portion of people who don’t know how to live as a decent human being. This is why government didn’t take and control all property a long time ago.
I am a landlord and renting one bedroom condo. When I bought it 5 years ago, the maintenance was around $500, but now it is now doubled to more than $1000. Also property tax increased. When i have to pay the maintenance, tax and insurance around $1500, i need to raise the rent....
I went through this last December, rent increase for 2024 was 5%and the CPI was 10% and the landlord raised our rent the full 15 %.
If the property is subject to the Tenant Protection Act, that is an illegal rent increase.
@@WIREassociatesWhat can a tenant do about it?
I was born in California and just had to deal with squatters in one of side of my duplex. Unbelievable the way California laws are protecting these dirtbags. Lost like this or why California has a severe housing shortage. They will not regulate themselves into enticing more landlords to rent.
Sorry that happened!
@@WIREassociates By eroding property rights and punishing landlords, California's housing problems will worsen. Now that I live out of state, I have no voice to stop the state from constantly passing more rent-control laws, further undermining both housing supply and development..
Many CA left to find better deals out there.
@@tr1bes If they are left minded, need to stay in CA! We didn't need that mind set in other states to run that state! We left CA bc the liberal mind set ruined CA that used to be Red!
@@tr1bes Yep, they leave California with statewide rent control and move to state without it because the housing is more affordable.
What’s next landlords will have to pay for renters vacations .
Yeah, anything is possible in this clown state.
I’ve already seen enough in my life with having rental properties in CA that I’ve already made the decision to sell all the free and clear real estate assets I am inheriting. Gonna invest it in other forms of investments.
Interesting...what will it be that you invest in?
Increase risk to landlords. Increase cost to tenants. Period.
It’s like the government says one thing and causes another, how could that be 🤡
Exactly, enjoy your sky high rent ya bums
There is no risk to landlords by closing loopholes to evict tenants and circumvent law.
This is only good for corporation ownership.
@@Horace1993 there is huge risk when you have to jump through hoops to evict a tenant who's not paying rent and destroying your property on top of it. Get ready for a shortage of rental property and higher rent. Where do you think the increase in price from the higher risk is going to go other than to the tenants?
10% is still ridiculous when wages are only going up 3-6% per year (if you're lucky)
just get another job... and ask for 20% more money... and if you have it...
move to cheaper state !
@Lanainvestor That's not a practical answer, not everyone can just pick up and leave. Some people have employment ties, no family in some other remote state, have medical coverage plans not available everywhere, etc. That may be a solution for some but not for all.
I would never own rental property in California.
My mom had a double lot property in Berkeley and she was lucky enough to lease to Teachers. Since they were under contract, she only needed 5 leases to fill the mortgage.
Did she pay off that mortgage ASAP? I wouldn’t touch Berkeley with someone paying me, what a joke.
@@home17able Berkley is really nice, dude. I have been there since SF really blew up during the pandemic. But Berkeley was heaven on Earth from the 90s to the 2010s, to be sure.
I can’t thank you enough, Christian for navigating these past 3 yrs, for us, renters. I’ve learned so much and have survived my situation, and it’s because of you. Thank you 🙏
Same for me
I'm trying to help my daughter navigate the TPA and I can't tell you how much this has helped. I still want to know who the "teeth" are. I was astounded after reading the original TPA and then talking with Maya Rosas that although it says the City will enforce, they absolutely do not. Whose door and phone should we be calling to get help if one can't afford a fancy lawyer? She's a single mom trying to live and the landlord is making her life miserable and super stressful and the landlord is absolutely in violation of several sections. We need help!! Fast!! AG's office? I'll probably never get an actual person on the line😢. Suggestions are much appreciated.
Signed,
Worried Mom
Much appreciated and glad I could help!
@sarawest7075 Try Legal Aid in the area where the property is located to see if they can help.
The more protection is mandated, the less motivation landlords have, especially for smaller landlords that don't have access to legal services. Tenants equal to headaches. Those bills are the reasons landlords don't want to lease to tenants
I have a rental in California. My tenants are currently paying about 50% of the going market rate I'm one of those awful Landlords that has in over 10 years never raised their rent. When current tenants leave I probably will not rent it out again. My guess is this law will ultimately result in a reduction in affordable housing.
If there is not a lease then they are no longer landlords.
Well get out of the landlord business! Simple
@@timfatout5339I hope they pass a new law that says you have to pay extra fees and taxes if you have an unoccupied home!
Good, sell all your rentals so there will be more housing available at lower prices for people to purchase their own home. How is it landlords think their rental business should be exempt from laws? ALL businesses are subject to rules, rental businesses shouldn't be any different. Landlords seems to think we're still living in a feudal system, and that because they own real property, tenants should be grateful to them for the "privilege" of paying ridiculous rents to live in them. Give me a break.
Why would a landlord want you to fill out a tenants personal and credit information form after you've already been renting for several months
Did they ask for it when you moved in?
Question: we were served with a 60 day notice. The cause is because the owner now hired a lawyer to handle the owner's trust. So it seems the owner or lawyer has a just cause under 1482. But because 'no fault of ours', would we be able to receive relocation assistance? The reason given to us is because the lawyer stated that the owner is in need of 24 hr care and that the property would need to be sold. Thank you in advance.
Btw. We have been a tenant in the residence since December 1997 to date.
What is the property? House, condo, duplex? And what city? These things matter. Selling is NOT a no fault, just cause reason to terminate a tenancy.
Doesnt matter if the property is selling, the lease sells with it. If they're making you move, you really dont have to.
I think that is a just reason. The fellow doesn’t have capacity anymore. Maybe you can make a deal if you want to stay.
These laws are ridiculous.
These politicians are going to cry when they run out of tax revenue from property values, businesses, and sales tax revenue.
At this point, why would you even invest in California or New York!?!?
There's a price where the properties will pencil...even with these tough laws.
Yea please don’t. Go invest in Texas Idaho and Florida! Go get greedy over there.
Get rid of your exempt properties because they are coming after those in november. Its already here in some cities. Rent out your home and you'll not be able to move back in. You've given away the property after putting down huge downpayment and risked your credit to someone with a month's deposit on the line.
That's how it is in socialist Venezuela. Caracas is full of empty houses and apartments that the owners do not dare rent out since they cannot evict. Many owners escaped to Miami and just leave their Venezuela residence empty. San Francisco is similar - heard 20000 empty apartments there since the owners do not want to deal with rent control headaches.
Serious question if a landlord or HOA company has been repeatedly shown that they have multiple safety and security incidents at one of their accounts including multiple felonies and people getting hurt over the course of several years , when /are they liable for not conducting thorough background checks or adequate security and allowing through negligence their property to become more and more dangerous???
Definitely discuss this scenario with an attorney.
question: what if the property manager misrepresented that the property was exempt from the rent cap addendum and raised rent more than the allowable 10% and in actuality, the property was not exempt? The property in question is a SFR more than 15 years old and is owned by a stock corporation. Thanks in advance!
Discuss with an attorney ASAP, there are now penalties for this...
Tenants are still being forced to sign arbitration agreements when they renew their leases. So how will the court have any influence to protect the tenants?
Unlawful detainer actions will still be through the court.
Awesome, even less protections for a landlord and more protections for tenants. Landlords get less and less in the state, no wonder people are leaving, haha.
Yes. Please get out.
@@hardtjoshua I know right? God forbid you treat an adult like an adult and give anyone consequences, can you imagine the nerve?
Makes a lot of sense!
We need more Rental houses! So, let’s make it to where people don’t want to be a landlord!!!
@@dunemejust buy the property to park cash and create a tax shelter. Better than risking to buy and rent it out.
Yeah, you should really leave and sell that house you’re renting out so families can own homes again…
Hi, does the landlord have to provide the form/application? Landlord is going to demolish the units. I have only been told i need to move out verbally. 14yrs tenant
Yes, you need proper written notice. Check your local laws to see if there are special requirements for the landlord when demolishing.
In LA City- What about a SubS with sole owners? Is the rent increase capped? And what about owner wanting to move in to house after renovation?
What is the property type? House, condo, duplex, or bigger?
Any property 15 years or older? Even single family dwellings?
No SFR and condo remain exempt no matter what the age.
This explains whyy landlord did massive remodeling during covid while lumber was very expensive
Now they can raise rent however high they want?
I am so glad I sold my CA apartment buildings and bought properties in the Mid West and Great Plains.
So why are you here then?
Biden Administration is proposing similar for all 50 states. www.whitehouse.gov/wp-content/uploads/2023/01/White-House-Blueprint-for-a-Renters-Bill-of-Rights.pdf
What should a renter do if their landlord goes against these new changes?
Reach out to your local Legal Aid office for assistance.
Whenever a law capped the maximum increase of something, increases accelerated to that cap. This can sometimes backfire, in that all competitors now implicitly have agreed upon increasing their rents at the same time.
Also, when there‘s a pro-tenant law (eg. some rent control laws) that allows landlords ot increase rent when a property is vacant, the landlord, especially corporate, has an incentive to kick out the tenant.
Yes, a use it or lose it rent cap does put pressure on a landlord to increase rents.
In October 2022 all 12 tenants at the building I lived in (San Diego) received notices to vacate and the reason stated on the official notice was that the units were being taken off of the rental market and there would be a change in use of the building. We all vacated and learned a month later that new tenants were moving in at more than double the price we were paying. I approached two of the tenants and they confirmed they were new renters. I contacted at least five tenant attornies and none of them would take the case. One attorney told me if this happens again to contact him BEFORE VACATING and he would handle the matter since required paperwork has to be submitted to government offices to change the use of an apartment building and if those papers were not submitted, that would be an indication of ILLEGAL falsification on notices to vacate tenants..
Wow! That is blatantly against the law...very sorry to hear that! It those types of landlords that we can thank for tighter and tighter laws.
@@WIREassociates And what’s almost worse is that tenant attorneys will not take the case. Seems there’s an understanding between attorneys in the Landlord - Tenant arena not to mess with each other.
Are you sure this wasn't for AirBNB?
Question: If a condo or a home is 15+ years old, are they still Exempt? 👀👀
Yes, condos and homes are typically exempt from AB 1482 no matter what the age as long as there isn't a corporate owner (and the exemption language is given).
Thanks Christian for clarification. @@WIREassociates
@@WIREassociatesI am reading that you must still notify the tenant the rental is exempt prior to a lease (after a certain date (within the last few years) and that the tenant must be “notified in writing the property is not subject to the Tenant Protection’s Act…” Does this require a particular form?
@@RexRaven22 Not a specific form, but specific language is required: "This property is not subject to the rent limits imposed by Section 1947.12 of the Civil Code and is not subject to the just cause requirements of Section 1946.2 of the Civil Code. This property meets the requirements of Sections 1947.12(d)(5) and 1946.2(e)(8) of the Civil Code and the owner is not any of the following:"
@@WIREassociates THANK YOU!
All this rent cap crap is going to do, is force landlords to raise the rent that 10% every year, because they won't be able to get it up to market, of they let it go for 5 yrs, w/ a stable paying tenant. Smh. It's bad for everyone, all around.
Yes, instead of calling it a rent cap bill, you could say it's a rent increase bill so you don't get behind on market rents., i.e. landlords use the increase or lose the increase.
@@WIREassociatesIn wrapping my head around that succinct explanation I’m trying to understand who benefits. Would it increase the property tax rate for communities overall.. 🤔
@RexRaven22 Corporations win. They can afford it, & will control the market over time, & small landlords will go under.
@@mariatorres9789 hello; I agree the state is corporatizing and also the middle class is being eliminated. When you say “corporations can afford it” do you mean for instance they can afford to carry a mortgage (or pay outright) but be in the red while a private landlord in the same situation would default? And also risk losing stable tenants by being forced to increase annual rent to the max amount and face a vacancy which, even if only for a month or two, would put them further behind on their mortgage commitments?
And is the thinking also that overall property values increase so that purchasing a rental property becomes more unrealistic for the average person?
Please feel free correct anything I may have wrong there.
I worked on units my brother owned, he never would raise rent for years at a time. Now it's yearly.
Now are properties taxes subject to the same limits of increase a year?
Yes, Prop 13 caps annual increases in property taxes at 2%.
How does this work if, the renter is getting told to leave because the HOA is forcing the owner.
Need an attorney for this...
California is like the special family member you're always waiting on but never quite gets it
You always tell landlords to talk to a particular lawyer before doing things. I was wondering what type of lawyer a tenant would need for a buy out/cash for keys situation?
An eviction attorney can negotiate cash for keys. If you're selling and hire us as agents, then we'll do it.
@@WIREassociates I thought eviction lawyers only help tenants that have a pending eviction. Correct?
We are selling our two rentals before we get sued.
Are you going to 1031 Exchange to a different asset type or different area or just pay the taxes?
In setting a maximum rent increase, did the state also just set the minimum increase as well? I would think so in many cases
Minimum increase would be no increase.
All of these tenant protection laws are kind of funny, I see what all the idiots in Sacramento must be thinking about helping tenants but in the end, in reality, it makes landlords more and more tough applying for their properties, really it makes it nearly impossible for landlords who know the laws to approve anyone unless you look absolutely grade a on paper. Sacramento is making it harder and harder for renters to actually find and qualify for rentals with all these laws. In texas, where adults are treated like adults and they're actually actually is accountability for your actions, evictions take less than a month, and in Texas I would rent to anyone based on their story about how hard life has been or if they're trying to get back up on their feet. Never in california, not if they don't have the paperwork to support it.
My ex moved back to her home state of TX after living here in CA for 10 years. She is the happiest she's ever been. Told her, "No wonder we broke up. You were cheating on me with TX. I could never make you this happy." 😂
None of these changes are about tenant protection. Just the opposite.
@@seapeajones which changes are NOT increasing protection for the tenant? Love to hear your opinion.
it is why they force cities to build affordable housing units. people don't want affordable housing in 'their' neighborhoods'. everyone deserves a place to live regardless of how much they make
@@arlenefox558the fact is not everyone can afford to live where they live. That's life. If they don't have family to stay with, then what's stopping them from moving to a more affordable city? I can't wait to leave CA, but I'm only here because of family. Without them I would've left a long time ago like the 100k who left last year.
where is capp for landlords expenses( taxes, insuarnce )
Do the contracts really mean anything anymore? If someone decides to stop paying after a month then you have to go thru an eviction process that could take up to a year and then you have to pay people to leave.
All these laws and legalities are a joke and a huge waste of time! Tenants need to pay rent abide by the rules and be asked to leave if not able to do that. Period!
Landlords need to fix things and not scam renters! My daughter found a house to rent at the beginning of 2020, it was an 900 sg ft home with a big yard and a studio attached to the garage. The advertised rent was 2700$. After my daughter moved in the landlord informed her that there will be construction going on in the back yard on the studio and the guy doing the construction will be living there! My grandchildren were 4 and 6 at the time and the pandemic was under way. She said she would have never rented the place had she known a stranger was going to be living there and she had just signed a year lease. The lady backed down. My daughter has never been late and paid all the rent during the pandemic. Last year she raised the rent to 4200$ unless she lets her “friend” live in the studio and do construction. She has caused my family so much stress! On top of that she refinanced the house and told my daughter to lie about the back studio and say it was part of the property because it’s an illegal structure!
It sounds like he was talking to layers, not lay people.
Try talking to lawyers about this and you'll feel like you're on another planet! 😂😂
GREAT information Christian. Thanks 4 sharing! To bad homes and condos are EXEMPT. Bummer. Those owners can charge increases as much as they feel like it. SAD for sure.😮😮😮😮😮
Do that and investors will sell to non investors and rental supply will decrease further. It will not drive down SFH purchase price as sales inventory is low in CA as well. Renters would be shooting themselves in the foot.
Not "as much as they feel like" but only as much as someone is willing to pay. Then that creates an incentive to build more housing and keep rents at appropriate levels for the economy.
This will mean that landlords will require more for a security deposit, right? This seems very unfair to landlords.
Laws have changed for security deposits, too 👉 ruclips.net/video/wzyd5aOdZlI/видео.html
Can Only get One months rent under New law is what I understand.this is New As well
My rents are going up every year for now on. No more helping people. If your late there is now a fee. After day 5 you get a 3day pay or quit. Think 1031 out of state. Good luck y’all.
What if they pay on the 6th day?
I'm a tenant and subbed.
Thanks! We try to help good renters and good landlords understand their rights!
Our landlord ask us to empty the house, because we ask to fix a mold problem that we have for a couple of years now, i am even sick due to the mold
Move
@@repurposedart9897 obviously that's what we are doing lol
black mold is everywhere in california, they should be paying your housing where you have to stay, and you can sue them for doctor bill's
@@arlenefox558 that's what I told my brother, my asthma got worse in this house, but he said he wants to spare himself the headache of court house visits
Pay attention renters and pay your rent and get along with your landlord.
Haha nothing helps greed. I have paid my rent 3 months ahead and still have landlords try and pull underhanded tactics to squeeze more money. It's gross. I'm sure your a good landlord ,but these laws are for all the 90% of the bad ones.
Pay attention landlords and don't take advantage of your tenants
That door swings both ways. There are some real bad landlords that almost take delight in making the renter's lives pure hell.
@@hawna123👏👏👏yeah! And 80% of landlords are greedy jerks.
When I paid my rent, my property manager Fred insulted me, harassed me and bang my door. Next month I didn’t pay anything- he stopped harassing and was nice. Go figure! Men are weird
Served a 60 day noticed , on a month to month lease. Said the termination is because they are selling the house . Is this just cause ?
No, selling is not a valid just cause reason.
Are you saying that if the tenant signed the addendum in the Protection Act 2019, landlords can increase the rent by whatever percentage they want? Is that right??
Technically, the tenant does not need to sign it, according to the law. It's only required that the landlord GIVES the exemption language.
I had a Apartment Manager who told me that there are very few reasons why the owners should raise the rent.
Apartment Managers rarely know anything. Often times they deal with people in exchange for a cheap or free apartment.
Right now expenses are constantly increasing so it wouldn’t pertain to our current times.
Property taxes go up every year. If you live in a condo, HOA fees go up astronomically. Insurance also go up a lot. I know this because I own my own place.
So now I should just kick out current renters, jack the rates to current, rinse and repeat every 2-3 years or so?
Since a landlord can be exempt if they occupied one of the two units, is this true for 3 or 4 units were the landlord lives in one of the units ?
No, only duplexes have this possible exemption, nothing bigger.
Though if an owner-occupied duplex is already RSO, it doesn't matter that it's exempt from AB 1482 😢
Yes, RSO is much more strict than AB 1482.
I'm 71 years old and living in the same apt for 19 years. Would you be able to explain to me the legal aspect of renters here in Aurora, Colorado. Please help. Thank you.
The real name is “screw the landlord act”.
Amen!
It's the "stop screwing tenant act".
Pretty simple. But a new unit, no laws. Pay it off in 15 years then it should generate cash easy without having to blast people's rent up ridiculous amounts each year.
@@coreyburke3493 im on board. I dont like landlords
I wish landlords would stop screwing people over by raising rent prices, it's unacceptable
@@joshuabuchanan1141 Then move. It's super expensive to run a rental property. Profit margins are typically only around 5% or less.
Can you ask a landlord to remodel an apartment and are they required to install handicap accessories if you've been there for years and now need them? (Bath railings, walk in tub etc.)
They aren't necessarily required to install, but need to allow YOU to install.
I bought a house recently, a 4 bedroom house to myself.
if I plan to rent a room, can I kick out a tenant for not paying rent for more than one month?
Subletting is very difficult and risky.
Don't let anyone move in without proof of income, a background check and references.
Once they're in it's very difficult to get rid of them.
Yes, you can evict for nonpayment of rent in this scenario.
Do these changes apply to rent controlled buildings? Can a landlord pay a tenant one month rent in “moving assistance” and then substantially remodel the rent controlled unit and then rent it at market rate?
No, if a local ordinance is more strict, then that is the one you have to follow.
Thanks for your excellent video .
Thanks, Jorge!
Thank you so much for sharing your knowledge. I have a question: my mom gave her tenet 60 day notice but she is on section 8 does she still have to give her money to move out?
Section 8 requires a 90 day notice and may require relocation assistance depending on where it is. That 60 day notice is invalid. Discuss with a local eviction attorney.
Wait, so is a “20 year old house” that you rent out Exempt or Not exempt...
If not, why does property Age matter..?
Most houses and condos are exempt. Age matters for bigger buildings.
So Single Family home in San Francisco is not covered?
It should be exempt from AB 1482, but there may be a local ordinance in place...you'll need to double check that.
If it’s exempt do you still need to give a 60 day notice to month to month tenants ?
Wait, Houses in SF are usually “older than 15 years”; so why is it exempt...?
its time we pass a Grant Bill that make it unconstitutional for the house or senate to pass bills (ABs or ABs) under our noses.
I'm tenant and I was being evicted on non payment but this is false ..I went on emergency vacation for a month and trying to pay rent on the month I was going but it's only $300 short and they refused to take the money and when I came moth later they wanted that two months rent but did make it till the first day of month then now wanted the three months rent I did came up until the fifteen and has the three month rent on hand but now they refuse to take the rent and file eviction ..I file to the court and i can't find no lawyer to take care the case now im hanging ... because of the stresses I moved out and used the money to find a place which I did already .now what should I do ??
If you've given up possession, then they should stop the unlawful detainer action. They may still try to deduct attorney fees and collect the back rent, as well. If you're on a lease, then you are rent responsible until it's rented.
Wait, what? If it’s 15 years or older it’s now under rent control no matter what?
I thought all condos and homes were exempt.
OMG The more forms 😭
No, no changes to exemptions. The houses and condos stay the same...it's bigger buildings over 15 years old that are subject to AB 1482.
Christian- So, a single family home is exempt and we can rent worry free? Can you also do a video on tenant ownership laws in CA? From what I have heard it only takes 5 yrs of tenancy in CA to stake claims on property. That’s scary.please shed some light on it. Thanks.
@@lata633to my understanding you need to issue notice that the rental is excluded before initiating a lease. This may be a form.
@@RexRaven22 thank you.
Thank you!
Thanks Christian and Michelle and WA crew
Much appreciated, All Nighter! This one did well on TikTok, too...over 200k views! Are you on there?
@WIREassociates I am, as The Financial Logitician. Haven't posted in a while, was having trouble uploading. Been sticking to YT for my video updates. Channel has been growing too
Hi. I need your help. I'm a tenant. Please tell me where to call you. Thank you.
👉 www.wireassociates.com/contact/
California is a great place to be from!
💯
More like *away* from.
I had tenants residing in my house who unexpectedly terminated their one-year lease midway through the year. It took us 2.5 months to secure a new tenant. The previous tenants therefore owe me approximately $10,000, but I'm skeptical about their repayment (He moved out of the country). Can I account for this $10,000 loss when I file my tax return? If so, where I should put in that loss.
Discuss with your CPA, but you typically cannot write off uncollected rent.
sch E
My landlord wants to kick me and my family out after 7 years of on time payments. So that their family members can move in. Is that even permitted?
Yes, but there may be special steps to follow depending on where it is and what type of property it is.
If you paid for and owned a house yourself, leased it out and said I'm done dealing with this, I want it back for my family would you agree to be told no?
Why can't they make fire ins affordable and limit the percentage they charge. Mine went up $2700. In one year.
Greed.. lots of greed, I know of someone who committed suicide in the house, as the sheriffs arrived to evict them. Death over homelessness😢 Sad but I can understand that choice🙏🏽😞😢
There should be rent freezes US wide!!!!this is still crimminal. The fact that NO ONE can afford rent and everyones being forced to live in their cars is crimminal.
Don't forget: handymen and contractors should freeze their rates, property taxes, insurance, home depot, etc. And wage freezes too.
It's still the same problem with high rent. What's the difference!
Rents will get higher to compensate for the landlord's extra expenses. Lose lose law and situation
When you rent a place, are the tenants required to submit bank statements of all the accounts besides the pay stubs and W2? Thank you for your time.
Yes, to prove your income and ability to pay. Some even call employers to verify that you indeed have a job.
Each landlord could have different requirements, but that's not an unreasonable ask (as long as every prospective renter is asked for the same thing).
Ok future investors do not invest on rental property. Let the tenants buy their own living quarters. They want control so let them on their own
100%.... remember when they shot the property owners, and gave away the farms to the laborers... and famine ensued...
Hi, thank you for explanation.
My question is can i evict a month to month tenant if they have only lived in unit less than 6 months? No just cause. Thanks
Yes, but check local regulations first and discuss with an attorney.
I appreciate the reply. I already contacted an eviction company! New subbie. Your information helped me greatly. @@WIREassociates
Sounds like rent control to me. It will eventually filter down to every unit. This will also kill a lot of rental units.
10% rent increases compound each year, DOUBLING RENT within seven years! This is STILL EXPLOITATION.
I understand your point. The increases are capped at 10% and usually lower...before the high inflation, the annual increases were 7%-8%. Some areas are far less...LA City RSO properties allowed a 4% increase after about 4 years of no increase.
The sqauter protection act
WHO DO YOU THINK YOU HAVE FOR YOUR GOVERNOR?????? DESANTIS???????
Great! Greedy owners are a crime! Accountability is vital! All rents need to come down!.
And I suppose deadbeat tenants and illegal squatters are NOT a Crime????
As a landlord, why don't you limit what plumbers charge.
Only the land lords are getting picked on.
Not the insurance companies
Not the plumbers
Not the electricians.
Im on the bonds program are they allowed to get your bank statements. I live in California tenant base income apartment s
Yes, there are some programs that require turning in paperwork like this annually.