They are kicking the can down the road for a while
Folks, this is a contentious issue in California’s coastal areas such as the San Francisco Bay Area and of course down in the Los Angeles area.
The City of Alameda has recently conducted a few city council sessions on this issue. You gotta believe there’s been some “off the record” negotiations going on behind closed doors among a couple of the council members in my opinion.
No matter which way they are going to go… there are some issues I hate and one of them is the so called “just cause” or “no cause” eviction they want to enforce as part of this deal.
This issue would change the law so that you can’t just ask a tenant to leave at the end of a lease or after giving notice to terminate on a month to month agreement, which is often a great tool to get rid of a problem tenant.
In our area, Sacramento, if you have a tenant that is consistently late on rent, is abusive and wasteful of the unit and otherwise doesn’t follow the rules…? Your “best option” now is to terminate the tenancy and there’s no defense in most cases on an expired lease or month to month agreement. The tenant has to move because there’s no “just cause” requirement here in the Sacramento Region.
That changes in Alameda with this new law their going to impose it seems. You’d have to go to a board or commission they will set up making it harder and more costly to get rid of bad tenants.
They are also talking about paying a tenant’s “moving expenses”. How would you like to have the requirement..?
Anyway… CLICK HERE for the article that describes the meeting I wrote about on January 5th and what they decided to do for now. More to come later.
Bottom line…? Stay away from Rent Controlled areas if you are an investor. If you are thinking of Investing in a Rental Property, be it a single family home, a Duplex, a Four-Plex or even an Apartment complex we can help. Call me or send me an email today. My contact information is below. The Sacramento Region is growing and we do not have rent control.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE 916-203-1260 firstname.lastname@example.org