Call To Action: Contact Your SF Supervisors to Protect a Valuable Income Stream for SF Landlords

Pending Legislation Will Push the Burden of Paying for General Obligation Bonds onto Rental Property Owners You may not even notice the small Bond Passthrough amount that your tenants pay each month.  Under current law, rental property owners receive a 50% passthrough rate for increases on their property tax bill related to voter-approved General Obligation… Read More

Three Proposed Laws Landlords Need to Write Their Legislators About

On the heels of last year’s successful defeat of a series of tenant-friendly laws, Democratic Assemblymen David Chiu of San Francisco, Richard Bloom of Santa Monica and Rob Bonta of Alameda have introduced legislation proposing new tenant protections. The following laws, which aim to make it harder to evict tenants and extend timelines before evictions… Read More

Four New Laws Landlords Need to Know for 2018

On Jan. 1, 2018, numerous laws relevant to the rental housing industry took effect in California. In the paragraphs below, we summarize the most significant of these laws for the rental property owners. 1) IMMIGRATION STATUS Targeting discrimination: Under AB 291, dubbed the Immigrant Tenant Protection Act, a landlord could face civil penalties if he… Read More

San Francisco Fire Ordinance Updates

Supervisor Tang’s disclosure ordinance has been revised from its onerous requirements, which were put into effect this year.  The new ordinance is an abbreviated version of the old one and requires that owners comply by January 1, 2018. The new requirements are as follows: Owners of buildings with three or more dwelling units are required… Read More

New Bed Bug Notification Laws

As you may have heard, there is a new state law for bed bugs (Civil Code Sec. 1954.603) that requires giving notice to both new and existing tenants. Prospective tenants must be given the notice by this July 1, and existing tenants must be given the notice by January 2018. While the bed bug addendum… Read More

Action Required: Write Your State Assemblymen to Stop AB1506

Greetings! Lawmakers have introduced a bill to repeal the Costa-Hawkins Rental Housing Act, landmark legislation that exempts new construction and single-family homes from local rent control laws. AB 1506 was introduced Friday, Feb. 17, the last day to propose bills in the 2017 California Legislature. Assemblymen Richard Bloom, D-Santa Monica; Rob Bonta, D-Oakland; and David Chiu, D-San… Read More

No on Prop. G

With election day around the corner, politicians are finalizing legislation for the ballot. One proposition that affects real estate investors is Prop G. Prop. G imposes a 14 – 24% tax on residential properties with 2 – 30 units, including single-family homes with in-law units, if they are sold within five years of ownership. The tax… Read More

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