As we all let out a big “sigh of relief” following the defeat of Proposition 10, it is no secret that losing vacancy decontrol is just around the corner and in all the news (real and fake!), and this is not exclusive to California.
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Did you know that a typical 200-unit apartment building loses about $150,000 annually to tenant turnover? That’s 8.6 percent of yearly gross operating income. The good news is that nearly 60 percent of all tenant turnover is controllable, and...
WILL RENT CONTROL KILL CALIFORNIA HOUSING PRODUCTION? MAYBE
Click on the below link to the full article in the Los Angeles Daily News
LosAngelesDailyNews_20181007_A014-A015
City of Santa Monica
Rent Increase Time Again!
THE ANNUAL INCREASE PERCENTAGE is 2.9% EFFECTIVE September 1, 2018 THROUGH August 31, 2019 . The maximum increase cannot exceed $60.00. School District Parcel Tax cannot exceed $3...