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...
@Tangent360
4 ай бұрын
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.
@b_uppy
4 ай бұрын
@@Tangent360 I agree. We need to investigate these people that write for politicians. This needs to become full disclosure...
@user-fl2je3qo2l
4 ай бұрын
bingo!!!!!!!!!!!!!!!!!!!!!!!!!
@doreanabland1296
4 ай бұрын
Black rock, Zillow are buying up properties… Own nothing and be happy
@WillyB-bg5rm
4 ай бұрын
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.
@user-xo4xd1vk8z
5 ай бұрын
California needs to pass the property rights act for landlords
@albundy3929
5 ай бұрын
True!!!
@valerieneal2747
5 ай бұрын
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.
@viperv99
5 ай бұрын
That would only happen in Florida (Red State) once I retire I'm heading that way...
@LJSiar
4 ай бұрын
California is completely doomed, no hope. RUN!
@joseh899
4 ай бұрын
Most definitely! Getting harder for landlords to operate in California.
@mirrormirror444
4 ай бұрын
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. 🙁
@wittymystic7361
4 ай бұрын
Yep. That's been my experience.
@WillyB-bg5rm
4 ай бұрын
I'm sure their taxes and high insurance plus handyman prices.. were a factor... even the gardener raises prices
@bryan565656
4 ай бұрын
Everything the government does makes it worse. Best odds in the house.
@JessicaFerri-um4hf
4 ай бұрын
"raising rent" to just do it because they can is called 'price gouging '.
@home17able
4 ай бұрын
@@WillyB-bg5rm exactly and the prices aren’t going down just up every year, every single year
@jp1082
3 ай бұрын
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.
@StarwaterCWS
4 ай бұрын
Sounds like the homeless should occupy the governors mansion and use these crazy laws to stay.
@JessicaFerri-um4hf
4 ай бұрын
😆
@mwatercress
3 ай бұрын
Start signing up for junk mail in the names of serial squatters at the home addresses of problematic legislators and advocates.
@StarwaterCWS
3 ай бұрын
@@mwatercress great idea. The names alone would be funny. Homey Less, Ima Grinch, Sassy Squatter, Fran Dissen, 😂
@mwatercress
3 ай бұрын
@@StarwaterCWS Elizabeth Hirschhorn, Garrett Doty, Jamison Bachman.....
@susiefrades-white3088
3 ай бұрын
@@mwatercress LOL!!!
@backcountyrpilot
5 ай бұрын
Thank gawd I sold my rental properties in California and got my family and business out 16 years ago!
@LJSiar
4 ай бұрын
Exactly, so glad we left, California is doomed.
@davidwelty9763
4 ай бұрын
@@LJSiarwe left California in 2016 for Florida. Less government intrusion, Quality of life is so much better
@jobturkey7418
4 ай бұрын
Where’d you go to? Still holdin out here in California in the repub strongholds
@TheFrayman
4 ай бұрын
Still making millions... 🤣
@user-em7lp1sb4k
4 ай бұрын
@@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.
@jonpotthoff2868
4 ай бұрын
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.
@buropinto8744
4 ай бұрын
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.
@sapphirerealty32
4 ай бұрын
Taxes are not the only thing going up, so is insurance. Unfortunately, this gets passed onto the renter.
@jonpotthoff2868
4 ай бұрын
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.
@tr1bes
4 ай бұрын
Wow. That's a $700 gain. More than half of the original rent. Go get a lawyer.
@mirrormirror444
4 ай бұрын
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.
@terrylane1492
4 ай бұрын
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
4 ай бұрын
Sorry that happened!
@terrylane1492
4 ай бұрын
@@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
4 ай бұрын
Many CA left to find better deals out there.
@liberta2570
4 ай бұрын
@@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!
@mwatercress
4 ай бұрын
@@tr1bes Yep, they leave California with statewide rent control and move to state without it because the housing is more affordable.
@moi2995
4 ай бұрын
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.
@user-xo4xd1vk8z
5 ай бұрын
California needs to pass the landlord protection acts
@steveurbach3093
5 ай бұрын
For every bunch of great tenants, there are also horror tenant stories (I have witnessed a few trashed sites ).
@annarios2622
5 ай бұрын
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
@Powpow1946
4 ай бұрын
They should raise the property taxes if you are a landlord.
@nicoleb3636
4 ай бұрын
@@Powpow1946Completely unjustified.
@ambermyers7463
4 ай бұрын
@@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.
@jb92114
5 ай бұрын
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!
@WIREassociates
4 ай бұрын
Actually low income housing, if done correctly, could be exempt from these regulations.
@lilcricket4379
4 ай бұрын
@@WIREassociatesof course.
@wleeclark7696
4 ай бұрын
Darth Newsom: I have altered the deal. Pray I do not alter it further! LOL@@WIREassociates
@vannuysapartments5527
4 ай бұрын
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.
@home17able
4 ай бұрын
@@lilcricket4379 I laughed! So true right! Reading these comments is driving me crazy.
@Liukanginthehouse
4 ай бұрын
can you start listing the names of the people passing these bills and laws?
@whatsup7253
4 ай бұрын
California the only name you need to know, DEMOCRAT!
@Cali8842
3 ай бұрын
Get rid of your governor!
@jhouston206
4 ай бұрын
I really appreciate the lack of bias and editorial opinion here. Just laying out the important changes - great reporting.
@WIREassociates
4 ай бұрын
Thanks for watching and noticing!
@Claudette68
4 ай бұрын
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?
@usillyrabbitu
21 күн бұрын
I guess you never heard of Prop 13? Aka massive tax break for landlords at the expense of school funding?
@prettyblue3879
Ай бұрын
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....
@andrewflores6137
5 ай бұрын
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.
@WIREassociates
5 ай бұрын
There is. Prop 13 caps annual property tax increases to 2% or less.
@Joshua-ij6zb
5 ай бұрын
@@WIREassociates A permit can trigger a reassessment and they can raise it much more than 2%. Same with any sale.
@Linda90503
5 ай бұрын
@@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.
@LJSiar
4 ай бұрын
SELL SELL SELL. California is DOOMED.
@Spoon819
4 ай бұрын
Property Tax is legalized theft.
@doskraut
2 ай бұрын
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 %.
@WIREassociates
2 ай бұрын
If the property is subject to the Tenant Protection Act, that is an illegal rent increase.
@CameronFussner
22 күн бұрын
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
@WIREassociates
11 күн бұрын
Yes, sadly too many people aren't able to find affordable housing...and these are people with jobs, too.
@JDRVP
4 ай бұрын
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.
@WIREassociates
4 ай бұрын
Interesting...what will it be that you invest in?
@jenniferk8710
4 ай бұрын
10% is still ridiculous when wages are only going up 3-6% per year (if you're lucky)
@joannsmith3589
4 ай бұрын
just get another job... and ask for 20% more money... and if you have it...
@ElginChil4589
4 ай бұрын
At this point, why would you even invest in California or New York!?!?
@WIREassociates
4 ай бұрын
There's a price where the properties will pencil...even with these tough laws.
@pattywarner
Ай бұрын
Yea please don’t. Go invest in Texas Idaho and Florida! Go get greedy over there.
@davidlee50
4 ай бұрын
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
4 ай бұрын
Did she pay off that mortgage ASAP? I wouldn’t touch Berkeley with someone paying me, what a joke.
@wolfumz
4 ай бұрын
@@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.
@johng187
4 ай бұрын
What’s next landlords will have to pay for renters vacations .
@demisx
4 ай бұрын
Yeah, anything is possible in this clown state.
@davidwelty9763
4 ай бұрын
I would never own rental property in California.
@Aaron_R
5 ай бұрын
These politicians are going to cry when they run out of tax revenue from property values, businesses, and sales tax revenue.
@TF-2q1
5 ай бұрын
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
@timfatout5339
4 ай бұрын
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.
@JessicaFerri-um4hf
4 ай бұрын
If there is not a lease then they are no longer landlords.
@pattywarner
Ай бұрын
Well get out of the landlord business! Simple
@pattywarner
Ай бұрын
@@timfatout5339I hope they pass a new law that says you have to pay extra fees and taxes if you have an unoccupied home!
@usillyrabbitu
21 күн бұрын
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.
@bd12077
5 ай бұрын
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 🙏
@carolburnette2019
5 ай бұрын
Same for me
@sarawest7075
5 ай бұрын
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
@WIREassociates
5 ай бұрын
Much appreciated and glad I could help!
@WIREassociates
5 ай бұрын
@sarawest7075 Try Legal Aid in the area where the property is located to see if they can help.
@DionTalkFinancialFreedom
5 ай бұрын
Increase risk to landlords. Increase cost to tenants. Period.
@m0tamanic
5 ай бұрын
It’s like the government says one thing and causes another, how could that be 🤡
@GetUnwoke
4 ай бұрын
Exactly, enjoy your sky high rent ya bums
@Horace1993
4 ай бұрын
There is no risk to landlords by closing loopholes to evict tenants and circumvent law.
@tr1bes
4 ай бұрын
This is only good for corporation ownership.
@GetUnwoke
4 ай бұрын
@@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?
@LarsDennert
4 ай бұрын
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.
@wleeclark7696
4 ай бұрын
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.
@Captain-ln3vh
Ай бұрын
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.
@cryptowithravenhawk
4 ай бұрын
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!
@WIREassociates
4 ай бұрын
Discuss with an attorney ASAP, there are now penalties for this...
@TheGacosta
4 ай бұрын
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.
@WIREassociates
4 ай бұрын
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.
@identifying.as.asovereignhuman
4 ай бұрын
Doesnt matter if the property is selling, the lease sells with it. If they're making you move, you really dont have to.
@MezzoMamma1
4 ай бұрын
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.
@Justin-xg4lt
4 ай бұрын
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
@WIREassociates
4 ай бұрын
Did they ask for it when you moved in?
@jayfun7851
4 ай бұрын
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???
@WIREassociates
4 ай бұрын
Definitely discuss this scenario with an attorney.
@harrygeorge5550
4 ай бұрын
These laws are ridiculous.
@nevarez323
4 ай бұрын
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.
@randyca9122
4 ай бұрын
I am so glad I sold my CA apartment buildings and bought properties in the Mid West and Great Plains.
@Rosie82333
4 ай бұрын
So why are you here then?
@MASTER3RDEYE
2 ай бұрын
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
@reespace
4 ай бұрын
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?
@WIREassociates
4 ай бұрын
Unlawful detainer actions will still be through the court.
@BeLB1111
4 ай бұрын
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?
@WIREassociates
3 ай бұрын
What is the property type? House, condo, duplex, or bigger?
@timothykerrigan597
5 ай бұрын
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.
@hardtjoshua
5 ай бұрын
Yes. Please get out.
@timothykerrigan597
5 ай бұрын
@@hardtjoshua I know right? God forbid you treat an adult like an adult and give anyone consequences, can you imagine the nerve?
@duneme
5 ай бұрын
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!!!
@albundy3929
5 ай бұрын
@@dunemejust buy the property to park cash and create a tax shelter. Better than risking to buy and rent it out.
@Tony2z2
5 ай бұрын
Yeah, you should really leave and sell that house you’re renting out so families can own homes again…
@Jsoul661
3 ай бұрын
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 ?
@WIREassociates
3 ай бұрын
No, selling is not a valid just cause reason.
@sandiegan3788
4 ай бұрын
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
4 ай бұрын
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.
@sandiegan3788
4 ай бұрын
@@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.
@jimnorrison8481
2 ай бұрын
Are you sure this wasn't for AirBNB?
@advancetotabletop5328
4 ай бұрын
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.
@WIREassociates
4 ай бұрын
Yes, a use it or lose it rent cap does put pressure on a landlord to increase rents.
@bobbeals1509
4 ай бұрын
The real name is “screw the landlord act”.
@whereaboutsunknown4370
4 ай бұрын
Amen!
@coreyburke3493
4 ай бұрын
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.
@whereaboutsunknown4370
4 ай бұрын
@@coreyburke3493 im on board. I dont like landlords
@joshuabuchanan1141
3 ай бұрын
I wish landlords would stop screwing people over by raising rent prices, it's unacceptable
@joevarga5982
3 ай бұрын
@@joshuabuchanan1141 Then move. It's super expensive to run a rental property. Profit margins are typically only around 5% or less.
@scottg247
Күн бұрын
Thank you for the video, I have what I think is a stupid question, but I have the rent cap addendum on my lease, and the box saying the unit is exempt is not checked, because it’s not checked that would mean my unit is not exempt right?
@WIREassociates
Күн бұрын
@scottg247 not a stupid question, there's a lot going on on that form. Correct, not exempt.
@MASTER3RDEYE
2 ай бұрын
We are selling our two rentals before we get sued.
@WIREassociates
Ай бұрын
Are you going to 1031 Exchange to a different asset type or different area or just pay the taxes?
@inmyfreetyme
5 ай бұрын
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.😮😮😮😮😮
@michaelb9599
5 ай бұрын
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.
@123pathTube
5 ай бұрын
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.
@categories21
2 ай бұрын
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??
@WIREassociates
Ай бұрын
Technically, the tenant does not need to sign it, according to the law. It's only required that the landlord GIVES the exemption language.
@Ryousure
4 ай бұрын
How does this work if, the renter is getting told to leave because the HOA is forcing the owner.
@WIREassociates
4 ай бұрын
Need an attorney for this...
@inmyfreetyme
5 ай бұрын
Question: If a condo or a home is 15+ years old, are they still Exempt? 👀👀
@WIREassociates
5 ай бұрын
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).
@inmyfreetyme
5 ай бұрын
Thanks Christian for clarification. @@WIREassociates
@RexRaven22
5 ай бұрын
@@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?
@WIREassociates
4 ай бұрын
@@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:"
@RexRaven22
4 ай бұрын
@@WIREassociates THANK YOU!
@meiwu6198
5 күн бұрын
We have purchased a 4-unit property back in 2021, but we did not sign any new lease agreements with the existing tenants so we inherited the lease agreement that the tenants signed with the previous owners in Oct, 2016. Now, a family member would like to move into one of the units, but we have not given the AB1482 Rent Cap and Just Cause Addendum. We are planning to deliver the Rent Cap/Just Cause Addendum today. How many days do we need to wait before we can deliver the Notice to Termination Tenancy? Can the tenants refuse to sign the Rent Cap/Just Cause Addendum?
@WIREassociates
4 күн бұрын
Good to chat, Mei!
@lowermichigan4437
3 ай бұрын
In setting a maximum rent increase, did the state also just set the minimum increase as well? I would think so in many cases
@WIREassociates
3 ай бұрын
Minimum increase would be no increase.
@edsalinas9996
4 ай бұрын
I had a Apartment Manager who told me that there are very few reasons why the owners should raise the rent.
@ambermyers7463
4 ай бұрын
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.
@heythave
4 ай бұрын
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.
@recoveringsoul755
4 ай бұрын
This explains whyy landlord did massive remodeling during covid while lumber was very expensive Now they can raise rent however high they want?
@ericapoultryz1007
4 ай бұрын
What should a renter do if their landlord goes against these new changes?
@WIREassociates
4 ай бұрын
Reach out to your local Legal Aid office for assistance.
@Snoqmike
4 ай бұрын
Any property 15 years or older? Even single family dwellings?
@WIREassociates
4 ай бұрын
No SFR and condo remain exempt no matter what the age.
@Guerrilla-lw5lc
4 ай бұрын
California is like the special family member you're always waiting on but never quite gets it
@Norita72cox
4 ай бұрын
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
@repurposedart9897
4 ай бұрын
Move
@Norita72cox
4 ай бұрын
@@repurposedart9897 obviously that's what we are doing lol
@arlenefox558
4 ай бұрын
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
@Norita72cox
4 ай бұрын
@@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
@Leann68
5 ай бұрын
Pay attention renters and pay your rent and get along with your landlord.
@hawna123
5 ай бұрын
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.
@mehrdadfeller
5 ай бұрын
Pay attention landlords and don't take advantage of your tenants
@sarawest7075
5 ай бұрын
That door swings both ways. There are some real bad landlords that almost take delight in making the renter's lives pure hell.
@sarawest7075
5 ай бұрын
@@hawna123👏👏👏yeah! And 80% of landlords are greedy jerks.
@itistime5699
5 ай бұрын
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
@papajoe5331
Ай бұрын
I took over my dads estate in the city of Los Angeles he is 90. he has No copies of rental agreement.. i believe they are month to month since all 3 tenants have been in unit for over 4 yrs .. should i draw new agreements? did i hear correctly i can remodel and offer back to tenants at fair market rent?
@WIREassociates
Ай бұрын
Remodel and offer back at fair market value does not apply to an RSO property. You can try to get them to sign new rental agreements...
@daphnevandervalk273
Ай бұрын
If the “Notice of Exemption” box is NOT checked on the Rent Cap form we and our landlord signed does that mean the owner cannot now claim TPA exemption?
@WIREassociates
Ай бұрын
The landlord could give a 30 day change in terms of tenancy with the exemption language (box correctly checked) and it would be valid then.
@daphnevandervalk273
Ай бұрын
@@WIREassociates In my case, our landlord gave us a 90-day notice of termination on June 1st with the box checked that the property is NOT covered by the TPA. I looked back at our lease agreement and discovered the unchecked box, so we were never notified. I gave her the last month’s rent yesterday. I don’t know who to reach out to for help if I should pursue this further.
@rcchin7897
Ай бұрын
We have family friends who‘d rather let their houses sit idle than become landlords.
@boeinglaugan8539
4 ай бұрын
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.
@calisurfduuuddee8183
4 ай бұрын
So now I should just kick out current renters, jack the rates to current, rinse and repeat every 2-3 years or so?
@alexraabe6192
5 ай бұрын
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?
@WIREassociates
5 ай бұрын
An eviction attorney can negotiate cash for keys. If you're selling and hire us as agents, then we'll do it.
@alexraabe6192
5 ай бұрын
@@WIREassociates I thought eviction lawyers only help tenants that have a pending eviction. Correct?
@williamkloepfer1644
4 ай бұрын
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 ?
@WIREassociates
4 ай бұрын
No, only duplexes have this possible exemption, nothing bigger.
@reespace
4 ай бұрын
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.)
@WIREassociates
4 ай бұрын
They aren't necessarily required to install, but need to allow YOU to install.
@jwiki1
4 ай бұрын
This will mean that landlords will require more for a security deposit, right? This seems very unfair to landlords.
@WIREassociates
4 ай бұрын
Laws have changed for security deposits, too 👉 kzitem.info/news/bejne/2LCvymmXiJaLn34
@wayneburch3775
Ай бұрын
Can Only get One months rent under New law is what I understand.this is New As well
@Joel_Montiel
4 ай бұрын
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?
@ismokemid
4 ай бұрын
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.
@WIREassociates
4 ай бұрын
Yes, you can evict for nonpayment of rent in this scenario.
@mariatorres9789
5 ай бұрын
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.
@WIREassociates
5 ай бұрын
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.
@RexRaven22
5 ай бұрын
@@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
4 ай бұрын
@RexRaven22 Corporations win. They can afford it, & will control the market over time, & small landlords will go under.
@RexRaven22
4 ай бұрын
@@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.
@forgotten320
4 ай бұрын
I worked on units my brother owned, he never would raise rent for years at a time. Now it's yearly.
@path2049
4 ай бұрын
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 $10,000 loss when I file my tax return? If so, where I should put in that loss.
@WIREassociates
4 ай бұрын
Discuss with your CPA, but you typically cannot write off uncollected rent.
@Lanainvestor
4 ай бұрын
sch E
@h1t0k1r1
12 күн бұрын
Can’t I just refuse to renew the tenants lease if I don’t want them to live here anymore? Do I still need to give them relocation assistance?
@WIREassociates
11 күн бұрын
Depends on where the property is and what the property is...
@h1t0k1r1
5 күн бұрын
@@WIREassociates where can I find info for my situation?
@ministryofprayer3042
4 ай бұрын
All these laws and legalities are a joke and a huge waste of time! Tenants need to pay rent abide by the rules and be asked to leave if not able to do that. Period!
@pattywarner
Ай бұрын
Landlords need to fix things and not scam renters! My daughter found a house to rent at the beginning of 2020, it was an 900 sg ft home with a big yard and a studio attached to the garage. The advertised rent was 2700$. 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!
@LegendaryNoodles
3 ай бұрын
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?
@WIREassociates
3 ай бұрын
Yes, but there may be special steps to follow depending on where it is and what type of property it is.
@e.gadd.1
3 ай бұрын
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?
@puertorock1390
4 ай бұрын
Now are properties taxes subject to the same limits of increase a year?
@WIREassociates
4 ай бұрын
Yes, Prop 13 caps annual increases in property taxes at 2%.
@timothykerrigan597
5 ай бұрын
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.
@deepg7084
4 ай бұрын
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." 😂
@seapeajones
4 ай бұрын
None of these changes are about tenant protection. Just the opposite.
@timothykerrigan597
4 ай бұрын
@@seapeajones which changes are NOT increasing protection for the tenant? Love to hear your opinion.
@arlenefox558
4 ай бұрын
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
@deepg7084
4 ай бұрын
@@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.
@Cuete590
24 күн бұрын
Yeah no I’m selling my properties in California and will be buying rentals out of California this state is so wacky
@iposttvshows
4 ай бұрын
Though if an owner-occupied duplex is already RSO, it doesn't matter that it's exempt from AB 1482 😢
@WIREassociates
4 ай бұрын
Yes, RSO is much more strict than AB 1482.
@AllNighterHeider
5 ай бұрын
Thanks Christian and Michelle and WA crew
@WIREassociates
5 ай бұрын
Much appreciated, All Nighter! This one did well on TikTok, too...over 200k views! Are you on there?
@AllNighterHeider
5 ай бұрын
@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
@sunnienie239
4 ай бұрын
may i ask you A quick question for apartment build in 1980 can landlord increase rent for example ' the current rent is $1500 ' the landlord served his 60 days notice to increase from $1500 to $1600
@WIREassociates
3 ай бұрын
Most likely that is fine, since it does not appear to exceed AB 1482 limits, unless there are lower local rent increase limits.
@sunnienie239
3 ай бұрын
@@WIREassociates Thank you 🙏
@maxsmart8954
4 ай бұрын
Land lord protection starts with the quality of the portfolio. If your property is renting for anything less than 5 k you are going to have problems. That requires income of the tenants to be 15 K. My minimum credit score is 710. I’ve waited 6 months to find qualified tenants. California market is currently thriving.
@oskarngo9138
4 ай бұрын
Wait, so is a “20 year old house” that you rent out Exempt or Not exempt... If not, why does property Age matter..?
@WIREassociates
4 ай бұрын
Most houses and condos are exempt. Age matters for bigger buildings.
@WellnessGardenToolShed
4 ай бұрын
Rents will get higher to compensate for the landlord's extra expenses. Lose lose law and situation
@user-dm4qg4tc9c
5 ай бұрын
It sounds like he was talking to layers, not lay people.
@WIREassociates
5 ай бұрын
Try talking to lawyers about this and you'll feel like you're on another planet! 😂😂
@user-of6bz8sj7q
4 ай бұрын
I would never rent to strangers period to many bad experiences of tenants destroying literally costing over a year of rent people do not generally care about other peoples properties!! Take care of family free rent just to have good property management
@jorgeherrera1075
5 ай бұрын
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
@joannsmith3589
4 ай бұрын
100%.... remember when they shot the property owners, and gave away the farms to the laborers... and famine ensued...
@andreag8666
5 ай бұрын
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 😭
@WIREassociates
5 ай бұрын
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.
@lata633
5 ай бұрын
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.
@RexRaven22
5 ай бұрын
@@lata633to my understanding you need to issue notice that the rental is excluded before initiating a lease. This may be a form.
@lata633
5 ай бұрын
@@RexRaven22 thank you.
@mbtoober
4 ай бұрын
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🙏🏽😞😢
@amydelarea605
4 ай бұрын
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.
@heythave
4 ай бұрын
Yes, to prove your income and ability to pay. Some even call employers to verify that you indeed have a job.
@WIREassociates
4 ай бұрын
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).
@probst9999999999
4 ай бұрын
How does it work for like an ADU where the ADU is 1 year old but the main building is 15+ years old
@WIREassociates
4 ай бұрын
ADU would be exempt and the house would not...
@GUNNERBASS
Ай бұрын
@@WIREassociatesI think you may have that flipped, at least for my scenario, since I’m living in my attached ADU? The notice I received said both my ADU and Home are RSO but under Costa Hawkins the Home rental prices can be set freely. But that will change with the Justice For Renters Act. I’m currently living in my ADU and renting the home below market. I’m thinking about raising the home rent to well above market, having that go on the books, then offering my tenants a monthly utility credit to offset the rent increase. That way their rent stays the same, but on the books at the City it’s above market, if and when they move out (if and when Justice for Renters passes)
@WIREassociates
Ай бұрын
@@GUNNERBASS Living there does change things, but as long as the notice is from the city, then you can do whatever it says. 😂 If it's LA City, know that an increase above 10% could trigger the economic displacement provision that LA City has. Yes, Justice for Renters Act would allow the removal of the protection that SFRs and condos currently have related to rent increases.
@GUNNERBASS
Ай бұрын
@@WIREassociates so it looks like I misread it. Adding an *attached* ADU makes both properties RSO. But with the home being under Costa Hawkins. Since I’m living in the ADU, it’s AB 1482 exempt. So under Costa Hawkins, currently I could bring up to market/raise freely, but only if there’s a change in tenancy. I’m still bound to the +4% maximum since tenants are living there and it’s RSO. If Justice for Renters passes it will undo Costa Hawkins. Which will mean I’m locked up. My reward for keeping rent low 😒 I need to raise rent immediately now to prepare. On tenants I wouldn’t have. Justice for Renters is literally penalizing small landlords that rent below market, forcing them to raise rents.
@nastypupp5719
4 ай бұрын
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
@WIREassociates
4 ай бұрын
Yes, but check local regulations first and discuss with an attorney.
@nastypupp5719
4 ай бұрын
I appreciate the reply. I already contacted an eviction company! New subbie. Your information helped me greatly. @@WIREassociates
@StevenPhelps-sr8co
4 ай бұрын
It's still the same problem with high rent. What's the difference!
@danielc3003
5 ай бұрын
California is a great place to be from!
@WIREassociates
5 ай бұрын
💯
@richerDiLefto
3 ай бұрын
More like *away* from.
@underthetornado
4 ай бұрын
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.
@jimnorrison8481
2 ай бұрын
Don't forget: handymen and contractors should freeze their rates, property taxes, insurance, home depot, etc. And wage freezes too.
@rcclitherow6707
4 ай бұрын
Sounds like rent control to me. It will eventually filter down to every unit. This will also kill a lot of rental units.
@judyhudgens5310
4 ай бұрын
Why can't they make fire ins affordable and limit the percentage they charge. Mine went up $2700. In one year.
@StrategikMedia
5 ай бұрын
So Single Family home in San Francisco is not covered?
@WIREassociates
5 ай бұрын
It should be exempt from AB 1482, but there may be a local ordinance in place...you'll need to double check that.
@tke-nationupsilonpi9544
5 ай бұрын
If it’s exempt do you still need to give a 60 day notice to month to month tenants ?
@oskarngo9138
4 ай бұрын
Wait, Houses in SF are usually “older than 15 years”; so why is it exempt...?
@dickersonci
5 ай бұрын
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?
@WIREassociates
5 ай бұрын
No, if a local ordinance is more strict, then that is the one you have to follow.
@liquidscor00
4 ай бұрын
Welcomed changed, rent has gotten out of control in CA even in undesirable areas. Hooefully this discourages investors and more properties come back to the market for others to own.
@WIREassociates
3 ай бұрын
Fewer rental properties means that rents will go up even higher...
@liquidscor00
3 ай бұрын
@@WIREassociates Rent has already been going up at a hefty rate, hence the new law. Less investors buying up homes, increased inventory, more people buying homes, less renters, rents will go down sir.
@e.gadd.1
3 ай бұрын
You do realize that when you own a house, you are in it just the same.... but you have to make a mortgage payment for 30 years or more, which will be as high or higher than your rent? Plus you have to pay thousands in property taxes, insurance, all the repairs and upkeep utilities roof carpet and on. And big ticket items like roof and furnace, plumbing repairs, sewer, you pay for all that too. As property values going up the taxes go up, and the mortgage payments increase or are extended when getting a loan. The bank can also raise your mortgage payment after you get the loan. Just a reality check. You don't just 'get' a house and then live for free.... you have a lot more monthly bills as a homeowner. And if you don't make your mortgage payments, the bank can evict you just like a landlord its called a foreclosure. And if you don't pay your property taxes, your address and nonpayment is published, and someone else has the option to pay them for you and eventually can seize your title.....
@e.gadd.1
3 ай бұрын
@@liquidscor00 Your thinking is not correct. The number of people buying homes is determined by the number of people currently approved for home mortgages by banks..... not the amount of inventory. There are always houses up for sale. When you're approved for a home mortgage the sale price of the house doesn't matter much, you simply commit to more years of payments. You will be approved for a range kind of like a one time credit card and can outbid anyone if you want to. And you don't compete with investors or another home buyer for a house up for sale unless you are bidding on a house at the exact same time someone else is interested in it. This rarely happens. Houses sit up for sale for weeks, months, even years. You negotiate with the seller and they either approve your offer or turn you down, or counter. Usually its just your realtor and the realtor for whoever is selling going back and forth, nobody else. And dont tell me about racism, because the buyer and seller dont see each others faces until after the contract is signed, and even then they may sign separately and never see each other if they don't want to.
@jimnorrison8481
2 ай бұрын
@@liquidscor00 "Rent has already been going up at a hefty rate, hence the new law." It all started before the new laws: just as soon as they began talking about rent control.
@jszoradi8650
4 ай бұрын
All cities in California or any states with high cost of living should have rent control.
@jimnorrison8481
2 ай бұрын
So rents can go up even more? Just the mention of possible price controls causes massive inflation. Do even mention it.
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