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NextHome Premier Properties

They Call Me Mr. Ed – The Best Darned Real Estate Blog Period…!

Rent Control Is Here in Sacramento & Soon Statewide

September 13, 2019/in Folsom Rental Properties, Investment Real Estate, Landlord Tenant Issues, Property Management, Real Estate Sales, Rent Control, Rental Rates/by edfavinger

Get Your Rents Up To Market Now Before January 1, 2020 Because Rent Control is Here.

 

The State of California it looks like is about ready to implement a Statewide Rent Control Law that recently passed both house of the State Legislature and headed to Gavin Newsom’s desk.

According to the Sacramento Bee Article I have here for you, it won’t become law until 1/1/2020.

If you have not raised the rent in a long time my suggestion is to do it now and get it close enough to the current market rent as you can because after the 1st of the year you will be limited in what you can do.

In addition, the more onerous “just cause” eviction will now be a factor in cleaning up a property that needs to rid itself of uncooperative tenants that maybe laying waste to the property and intimidating neighbors.   In the past with situations like this, we’d only have to give a 30 or 60 day “termination of tenancy” notice which had no defense.  It could be for any reason at all.

We rarely ever used that tool, but it did come in handy when we had situations that our Property Management Company encountered from time to time.

CLICK HERE FOR THE SACRAMENTO BEE ARTICLE DATED  SEPTEMBER 12, 2019 09:48 AM 

Now if you think Rent Control is going to help, it’s not.  The people it’s meant to help won’t get it.

Related Articles

CALIFORNIA LEGISLATORS MADE A MESS OUT OF RENT CONTROL. THEY JUST DON’T KNOW IT YET | OPINION – Newsweek, Sept. 13, 2019

California embraces failed rent-control policies at the statewide level – Washington Examiner, Sept. 12, 2019

If you have more questions, please contact me at 916.203.1260 or drop a note at favinger@rwnetwork.com

In the Mean Time…?

Make it a Great Day…!

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https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png 0 0 edfavinger https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png edfavinger2019-09-13 13:30:512019-09-13 13:30:51Rent Control Is Here in Sacramento & Soon Statewide

Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

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Ed Favinger

Phone: 916-203-1260
NextHome Premier Properties
620 East Bidwell Street
Folsom, CA 95630
CalBRE # 00812744

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Duplex Market Still Strong – Low Inventory – Prices Continue Up Sacramento Rent Control is here & Statewide – What Are the Rules...
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